{
  "ticker": {
    "uuid": "35d4670e-34bd-4253-bb17-51a7e7d88fcc",
    "symbol": "JBIO",
    "name": "Jade Biosciences, 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": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 49.734,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 43.253,
    "architecture_energy": 21.983,
    "architecture_maturity": 35.138,
    "architecture_confidence": 72.018,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 47.09,
        "rotation_up": 44.0,
        "upward_expansion": 66.53,
        "deceleration": 54.72,
        "rotation_down": 17.82,
        "downward_expansion": 7.53
      },
      "activity_lines": [
        20.780667,
        20.424364,
        20.585524,
        19.774602
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 21.96,
    "trend_reference": 18.516333,
    "distance_from_trend": 0.18598,
    "trend_direction": "Improving",
    "fair_value": 172.796907,
    "distance_from_fair_value": -0.872914,
    "fair_value_direction": "Improving",
    "relative_strength": 28.506574,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.43342,
    "excess_performance": 0.245967,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.18598,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.125294,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.872914,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.00478,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.285066,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.498569,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.43342,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.47129,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 5197794,
      "relative_activity": 1.159937,
      "balance": 0.47129,
      "dry_up": 1.004343,
      "accumulation_observations": 3,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.163514,
      "annualized_volatility": 0.756737,
      "from_high_reference": -0.215714,
      "from_low_reference": 2.292354
    },
    "levels": {
      "trend_reference": 18.516333,
      "fair_value_reference": 172.796907,
      "structural_low": 12.91,
      "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": 16,
        "median_return": 0.040408,
        "positive_rate": 0.6875,
        "directional_follow_through": 0.6875,
        "median_excess_return": 0.049251,
        "regime_survival": 0.5625,
        "best_return": 0.564235,
        "worst_return": -0.908719,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": -0.076046,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.428571,
        "median_excess_return": -0.074557,
        "regime_survival": 0.285714,
        "best_return": 0.6305,
        "worst_return": -0.914736,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.617761,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.737833,
        "regime_survival": 0.0,
        "best_return": 1.498,
        "worst_return": -0.903621,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.78948,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.986111,
        "regime_survival": 0.666667,
        "best_return": -0.267646,
        "worst_return": -0.854039,
        "sufficient": false
      }
    ],
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        "regime": "deceleration",
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        "color": "amber",
        "start": "2024-04-26",
        "end": "2024-05-24",
        "tenure": "Developing",
        "return": -0.214253,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-05-31",
        "end": "2024-06-21",
        "tenure": "New",
        "return": -0.910602,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-06-28",
        "end": "2024-11-22",
        "tenure": "Established",
        "return": 0.60241,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "end": "2024-12-20",
        "tenure": "New",
        "return": -0.038023,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-12-27",
        "end": "2025-01-10",
        "tenure": "New",
        "return": -0.044944,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-01-24",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "deceleration",
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        "end": "2025-04-25",
        "tenure": "Established",
        "return": 0.022901,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2025-10-17",
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        "return": -0.249199,
        "active": false
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      {
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "active": false
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        "date": "2026-07-03",
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      },
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        "stage": 1,
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 4252757.2,
        "trend": 17.928,
        "fair_value": 181.30307,
        "relative_strength": 32.11186,
        "stage": 1,
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        "modifier": "Recompressing",
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        "energy": 27.30581,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
        "close": 20.08,
        "volume": 3389640,
        "typical_volume": 4357975.9,
        "trend": 18.049,
        "fair_value": 178.273275,
        "relative_strength": 27.648743,
        "stage": 1,
        "regime": "deceleration",
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        "gate": "up",
        "direction": 35.748627,
        "energy": 25.042084,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-07-31",
        "close": 19.75,
        "volume": 3860408,
        "typical_volume": 4437944.6,
        "trend": 18.235333,
        "fair_value": 175.43367,
        "relative_strength": 23.193187,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 34.072978,
        "energy": 18.4101,
        "activity_lines": [
          20.337333,
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          20.396452,
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 21.96,
        "volume": 5197794,
        "typical_volume": 4481100.2,
        "trend": 18.516333,
        "fair_value": 172.796907,
        "relative_strength": 28.506574,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 43.252671,
        "energy": 21.98257,
        "activity_lines": [
          20.780667,
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        ]
      }
    ],
    "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."
    }
  }
}