{ "ticker": { "uuid": "30cfac57-4773-4d98-8fcb-bf4b9058e783", "symbol": "LUNG", "name": "Pulmonx\u00a0Corp", "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": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 96.0, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "mixed", "architecture_direction": 46.845, "architecture_energy": 46.017, "architecture_maturity": 38.0, "architecture_confidence": 67.37, "architecture_tenure": "Developing", "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": 44.39, "rotation_up": 59.31, "upward_expansion": 53.15, "deceleration": 29.06, "rotation_down": 23.62, "downward_expansion": 20.81 }, "activity_lines": [ 1.638, 1.518727, 1.463, 1.459871 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.166667 }, "latest_close": 2.04, "trend_reference": 1.488833, "distance_from_trend": 0.3702, "trend_direction": "Weakening", "fair_value": 5.654968, "distance_from_fair_value": -0.639255, "fair_value_direction": "Improving", "relative_strength": 8.157559, "relative_strength_direction": "Improving", "price_momentum": 0.36, "excess_performance": 0.172546, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.3702, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.110879, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.639255, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.16935, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.081576, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.56117, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.36, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.57085, "read": "Demand-led" } ], "volume": { "latest": 5085468, "relative_activity": 2.034327, "balance": 1.57085, "dry_up": 1.449632, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.14184, "annualized_volatility": 1.003551, "from_high_reference": -0.294118, "from_low_reference": 0.80531 }, "levels": { "trend_reference": 1.488833, "fair_value_reference": 5.654968, "structural_low": 1.13, "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": 10, "median_return": -0.129243, "positive_rate": 0.2, "directional_follow_through": 0.2, "median_excess_return": -0.118168, "regime_survival": 0.3, "best_return": 0.324675, "worst_return": -0.442308, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": -0.335968, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.399648, "regime_survival": 0.4, "best_return": -0.124487, "worst_return": -0.693009, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.49546, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.552433, "regime_survival": 0.25, "best_return": 0.023256, "worst_return": -0.727811, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, 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"2025-02-21", "end": "2025-03-28", "tenure": "Developing", "return": -0.238839, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-04", "end": "2025-04-25", "tenure": "New", "return": -0.230769, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-05-02", "end": "2025-12-05", "tenure": "Extended", "return": -0.466844, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-12", "end": "2025-12-19", "tenure": "New", "return": 0.027668, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-12-26", "end": "2026-01-16", "tenure": "New", "return": -0.202703, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-23", "end": "2026-02-06", "tenure": "New", "return": -0.189189, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": 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"typical_volume": 2552671.9, "trend": 1.586167, "fair_value": 5.936122, "relative_strength": -23.302751, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.844663, "energy": 18.210298, "activity_lines": [ 1.396, 1.414364, 1.404286, 1.452925 ] }, { "date": "2026-07-17", "close": 1.4, "volume": 863300, "typical_volume": 2492238.6, "trend": 1.546167, "fair_value": 5.864391, "relative_strength": -25.371901, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.403448, "energy": 16.212018, "activity_lines": [ 1.407333, 1.412727, 1.401, 1.440914 ] }, { "date": "2026-07-24", "close": 1.17, "volume": 1326953, "typical_volume": 2162041.95, "trend": 1.511167, "fair_value": 5.785737, "relative_strength": -34.660186, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -61.618017, "energy": 28.108118, "activity_lines": [ 1.34, 1.366727, 1.376667, 1.416645 ] }, { "date": "2026-07-31", "close": 1.63, "volume": 7219605, "typical_volume": 2383446.0, "trend": 1.488833, "fair_value": 5.711186, "relative_strength": -9.102309, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.839493, "energy": 4.059052, "activity_lines": [ 1.433333, 1.406182, 1.40019, 1.424312 ] }, { "date": "2026-08-07", "close": 2.04, "volume": 5085468, "typical_volume": 2499828.0, "trend": 1.488833, "fair_value": 5.654968, "relative_strength": 8.157559, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 46.844827, "energy": 46.017169, "activity_lines": [ 1.638, 1.518727, 1.463, 1.459871 ] } ], "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." } } }