{ "ticker": { "uuid": "21d886d0-3ec1-4e92-88dd-fbaf7243a15f", "symbol": "PTGX", "name": "Protagonist Therapeutics Inc", "exchange": "NASDAQ", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "QQQ", "stage": 2, "stage_name": "Advancing", "phase": "2c", "phase_label": "Stage 2C \u00b7 Late advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 81.138, "architecture_energy": 73.18, "architecture_maturity": 36.0, "architecture_confidence": 74.149, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 0.52, "rotation_up": 82.31, "upward_expansion": 91.08, "deceleration": 49.33, "rotation_down": 11.25, "downward_expansion": 13.08 }, "activity_lines": [ 139.832, 133.697636, 121.507, 114.322688 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 145.87, "trend_reference": 104.723667, "distance_from_trend": 0.392904, "trend_direction": "Improving", "fair_value": 54.447949, "distance_from_fair_value": 1.679072, "fair_value_direction": "Improving", "relative_strength": 39.396317, "relative_strength_direction": "Improving", "price_momentum": 0.726477, "excess_performance": 0.539023, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.392904, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.14493, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 1.679072, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.538935, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.393963, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.288492, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.726477, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.984979, "read": "Demand-led" } ], "volume": { "latest": 2675080, "relative_activity": 0.796592, "balance": 1.984979, "dry_up": 0.823466, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.077057, "annualized_volatility": 0.343152, "from_high_reference": -0.014392, "from_low_reference": 1.883946 }, "levels": { "trend_reference": 104.723667, "fair_value_reference": 54.447949, "structural_low": 77.0, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 32, "median_return": 0.025381, "positive_rate": 0.5625, "directional_follow_through": 0.5625, "median_excess_return": -0.00664, "regime_survival": 0.8125, "best_return": 0.386792, "worst_return": -0.632774, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": 0.032695, "positive_rate": 0.7, "directional_follow_through": 0.7, "median_excess_return": -0.017994, "regime_survival": 0.5, "best_return": 1.060034, "worst_return": -0.605109, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.383531, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.178341, "regime_survival": 0.333333, "best_return": 0.715266, "worst_return": -0.245291, "sufficient": true }, { "horizon": "Full cycle", 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"regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.110997, "energy": 88.784915, "activity_lines": [ 134.904667, 125.948, 115.568333, 109.220237 ] }, { "date": "2026-07-31", "close": 136.64, "volume": 2364973, "typical_volume": 3595677.85, "trend": 102.535333, "fair_value": 53.634103, "relative_strength": 39.309359, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.54043, "energy": 81.042768, "activity_lines": [ 136.322, 129.324182, 118.203571, 111.526903 ] }, { "date": "2026-08-07", "close": 145.87, "volume": 2675080, "typical_volume": 3358156.95, "trend": 104.723667, "fair_value": 54.447949, "relative_strength": 39.396317, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.138137, "energy": 73.179574, "activity_lines": [ 139.832, 133.697636, 121.507, 114.322688 ] } ], "method": { "price_basis": "completed market observations", "trend": "Trend provides the primary directional reference.", "fair_value": "Fair Value provides long-term price context and is not a forecast or target.", "relative_strength": "Relative Strength shows leadership or lagging performance against the market benchmark.", "classification": "The SM framework combines Trend, Activity, Fair Value, Relative Strength and participation into a structural read." } } }