{ "ticker": { "uuid": "26ad8267-ff43-4a8b-98b4-3bdce2e9b987", "symbol": "NMR", "name": "Nomura Holdings Inc ADR", "exchange": "NYSE", "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": "SPY", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 76.195, "architecture_energy": 79.569, "architecture_maturity": 20.633, "architecture_confidence": 83.975, "architecture_tenure": "New", "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": 10.42, "rotation_up": 79.59, "upward_expansion": 95.7, "deceleration": 40.94, "rotation_down": 11.45, "downward_expansion": 17.7 }, "activity_lines": [ 9.757333, 9.492727, 8.998565, 8.749903 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 9.95, "trend_reference": 8.593076, "distance_from_trend": 0.157909, "trend_direction": "Improving", "fair_value": 6.067552, "distance_from_fair_value": 0.63987, "fair_value_direction": "Improving", "relative_strength": 10.198073, "relative_strength_direction": "Improving", "price_momentum": 0.111749, "excess_performance": -0.013876, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.157909, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.059223, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.63987, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.219458, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.101981, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.137262, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.111749, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.93499, "read": "Demand-led" } ], "volume": { "latest": 3768178, "relative_activity": 0.52702, "balance": 2.93499, "dry_up": 0.67222, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.053507, "annualized_volatility": 0.345304, "from_high_reference": -0.010934, "from_low_reference": 0.511051 }, "levels": { "trend_reference": 8.593076, "fair_value_reference": 6.067552, "structural_low": 7.227601, "invalidation": "A sustained 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8.434334 ] }, { "date": "2026-07-17", "close": 9.4, "volume": 5658842, "typical_volume": 8447406.05, "trend": 8.460605, "fair_value": 5.944668, "relative_strength": 9.679179, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.735748, "energy": 78.183571, "activity_lines": [ 9.291333, 8.992909, 8.592632, 8.497765 ] }, { "date": "2026-07-24", "close": 9.81, "volume": 3609266, "typical_volume": 7781078.5, "trend": 8.512502, "fair_value": 5.984081, "relative_strength": 14.574982, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.352622, "energy": 87.564589, "activity_lines": [ 9.502667, 9.190364, 8.738649, 8.584823 ] }, { "date": "2026-07-31", "close": 9.68, "volume": 6189112, "typical_volume": 7489007.5, "trend": 8.558756, "fair_value": 6.024672, "relative_strength": 11.360125, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.907999, "energy": 82.085169, "activity_lines": [ 9.614667, 9.331273, 8.861507, 8.660145 ] }, { "date": "2026-08-07", "close": 9.95, "volume": 3768178, "typical_volume": 7149965.4, "trend": 8.593076, "fair_value": 6.067552, "relative_strength": 10.198073, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.19462, "energy": 79.568864, "activity_lines": [ 9.757333, 9.492727, 8.998565, 8.749903 ] } ], "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." } } }