{ "ticker": { "uuid": "2a0f31f2-b53a-4dfd-901e-abdb1ae35efd", "symbol": "FCX", "name": "Freeport-McMoRan Inc.", "exchange": "VIE", "country": "AT", "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": "^ATX", "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": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "up", "architecture_direction": 63.023, "architecture_energy": 29.407, "architecture_maturity": 20.893, "architecture_confidence": 64.087, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 37.32, "rotation_up": 43.92, "upward_expansion": 70.65, "deceleration": 64.87, "rotation_down": 25.1, "downward_expansion": 6.65 }, "activity_lines": [ 55.926636, 55.41229, 55.090449, 54.38823 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 60.349998, "trend_reference": 53.488563, "distance_from_trend": 0.128279, "trend_direction": "Improving", "fair_value": 40.608899, "distance_from_fair_value": 0.486127, "fair_value_direction": "Improving", "relative_strength": 6.860936, "relative_strength_direction": "Improving", "price_momentum": 0.174675, "excess_performance": 0.000428, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.128279, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.110639, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.486127, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.156065, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.068609, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.01104, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.174675, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.067137, "read": "Demand-led" } ], "volume": { "latest": 3801, "relative_activity": 2.551435, "balance": 1.067137, "dry_up": 2.031213, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.069961, "annualized_volatility": 0.458722, "from_high_reference": -0.012598, "from_low_reference": 1.026691 }, "levels": { "trend_reference": 53.488563, "fair_value_reference": 40.608899, "structural_low": 43.476522, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 13, "median_return": 0.024323, "positive_rate": 0.538462, "directional_follow_through": 0.538462, "median_excess_return": -0.015154, "regime_survival": 0.384615, "best_return": 0.143192, "worst_return": -0.098017, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.096434, "positive_rate": 0.625, "directional_follow_through": 0.625, "median_excess_return": 0.030035, "regime_survival": 0.125, "best_return": 0.512837, "worst_return": -0.138936, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.078301, "positive_rate": 0.833333, "directional_follow_through": 0.833333, "median_excess_return": -0.036565, "regime_survival": 0.166667, "best_return": 0.431119, "worst_return": -0.215541, "sufficient": true }, { 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65.434615, "activity_lines": [ 57.359544, 55.698565, 54.368732, 53.11993 ] }, { "date": "2026-06-26", "close": 54.487316, "volume": 1373, "typical_volume": 1103.8, "trend": 51.074545, "fair_value": 39.887959, "relative_strength": 0.477346, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.387314, "energy": 50.507162, "activity_lines": [ 56.659877, 55.614957, 54.464577, 53.377613 ] }, { "date": "2026-07-03", "close": 54.287876, "volume": 170, "typical_volume": 1098.4, "trend": 51.590048, "fair_value": 40.01953, "relative_strength": -2.230372, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.188211, "energy": 33.620477, "activity_lines": [ 55.838576, 55.580955, 54.526611, 53.584925 ] }, { "date": "2026-07-10", "close": 53.689552, "volume": 2457, "typical_volume": 1176.0, "trend": 52.048649, "fair_value": 40.138036, "relative_strength": -2.005969, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.949356, "energy": 17.334572, "activity_lines": [ 54.965975, 55.405841, 54.524777, 53.720377 ] }, { "date": "2026-07-17", "close": 51.09, "volume": 973, "typical_volume": 1223.65, "trend": 52.3485, "fair_value": 40.239047, "relative_strength": -4.892106, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.92696, "energy": 15.08112, "activity_lines": [ 53.351554, 54.67518, 54.271047, 53.658528 ] }, { "date": "2026-07-24", "close": 55.16, "volume": 4105, "typical_volume": 1360.75, "trend": 52.722198, "fair_value": 40.351467, "relative_strength": 1.158703, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 26.759368, "energy": 18.615514, "activity_lines": [ 53.619448, 54.695611, 54.435933, 53.839915 ] }, { "date": "2026-07-31", "close": 53.950001, "volume": 3225, "typical_volume": 1419.85, "trend": 53.078932, "fair_value": 40.456931, "relative_strength": -1.247192, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 22.382147, "energy": 15.369211, "activity_lines": [ 53.688466, 54.474769, 54.469984, 53.919129 ] }, { "date": "2026-08-07", "close": 60.349998, "volume": 3801, "typical_volume": 1489.75, "trend": 53.488563, "fair_value": 40.608899, "relative_strength": 6.860936, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 63.022794, "energy": 29.406695, "activity_lines": [ 55.926636, 55.41229, 55.090449, 54.38823 ] } ], "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." } } }