{ "ticker": { "uuid": "2aea3c2c-c544-4cfb-b433-edc5ff2de19e", "symbol": "USPH", "name": "U.S. Physical Therapy, Inc.", "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": 1, "stage_name": "Basing", "phase": "1c", "phase_label": "Stage 1C \u00b7 Breakout watch", "transition": "stage_1_to_2_watch", "transition_label": "Stage 1 \u2192 2 watch", "confidence": 66.528, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Emerging rotation", "architecture_gate": "mixed", "architecture_direction": 36.811, "architecture_energy": 54.927, "architecture_maturity": 10.459, "architecture_confidence": 69.629, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 23.14, "rotation_up": 74.11, "upward_expansion": 57.34, "deceleration": 13.55, "rotation_down": 14.5, "downward_expansion": 25.34 }, "activity_lines": [ 77.326, 74.186182, 70.803987, 71.649397 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 80.05, "trend_reference": 74.06982, "distance_from_trend": 0.080737, "trend_direction": "Weakening", "fair_value": 82.297808, "distance_from_fair_value": -0.027313, "fair_value_direction": "Improving", "relative_strength": -7.38266, "relative_strength_direction": "Improving", "price_momentum": -0.052032, "excess_performance": -0.177656, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.080737, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.019404, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.027313, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.283895, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.073827, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.257147, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.052032, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 3.914579, "read": "Demand-led" } ], "volume": { "latest": 1494053, "relative_activity": 1.423007, "balance": 3.914579, "dry_up": 1.246678, "accumulation_observations": 7, "distribution_observations": 1 }, "risk": { "range_context": 0.079901, "annualized_volatility": 0.365421, "from_high_reference": -0.126753, "from_low_reference": 0.385879 }, "levels": { "trend_reference": 74.06982, "fair_value_reference": 82.297808, "structural_low": 57.761173, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 6, "median_return": -0.017867, "positive_rate": 0.166667, "directional_follow_through": 0.166667, "median_excess_return": -0.008524, "regime_survival": 0.166667, "best_return": 0.0893, "worst_return": -0.079789, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": 0.006658, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": -0.039116, "regime_survival": 0.0, "best_return": 0.139322, "worst_return": -0.179627, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.157246, "positive_rate": 0.2, "directional_follow_through": 0.2, "median_excess_return": -0.102664, "regime_survival": 0.0, "best_return": 0.165329, "worst_return": -0.269013, "sufficient": true }, { "horizon": "Full 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contraction", "gate": "down", "direction": 2.519125, "energy": 20.621796, "activity_lines": [ 73.216, 70.308364, 68.947267, 70.951015 ] }, { "date": "2026-07-31", "close": 79.06, "volume": 1542571, "typical_volume": 1017573.3, "trend": 74.162994, "fair_value": 82.443378, "relative_strength": -5.837656, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 34.280896, "energy": 36.294658, "activity_lines": [ 75.448667, 72.312727, 69.835142, 71.26959 ] }, { "date": "2026-08-07", "close": 80.05, "volume": 1494053, "typical_volume": 1049926.5, "trend": 74.06982, "fair_value": 82.297808, "relative_strength": -7.38266, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 36.810719, "energy": 54.927498, "activity_lines": [ 77.326, 74.186182, 70.803987, 71.649397 ] } ], "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." } } }