{
  "ticker": {
    "uuid": "395e904b-a8e7-4795-b37b-55f3445d832b",
    "symbol": "MDGL",
    "name": "Madrigal Pharmaceuticals 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": 3,
    "stage_name": "Distribution",
    "phase": "3c",
    "phase_label": "Stage 3C \u00b7 Breakdown watch",
    "transition": "stage_3_to_4_watch",
    "transition_label": "Stage 3 \u2192 4 watch",
    "confidence": 72.931,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 33.03,
    "architecture_energy": 14.184,
    "architecture_maturity": 22.169,
    "architecture_confidence": 63.546,
    "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": 49.32,
        "rotation_up": 38.85,
        "upward_expansion": 63.94,
        "deceleration": 78.63,
        "rotation_down": 23.03,
        "downward_expansion": 13.94
      },
      "activity_lines": [
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 510.04,
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    "distance_from_trend": 0.026275,
    "trend_direction": "Weakening",
    "fair_value": 336.225449,
    "distance_from_fair_value": 0.516958,
    "fair_value_direction": "Weakening",
    "relative_strength": -9.405743,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.067923,
    "excess_performance": -0.119531,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.026275,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.031424,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.516958,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.112882,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.094057,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.068104,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.067923,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.415304,
        "read": "Demand-led"
      }
    ],
    "volume": {
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      "relative_activity": 1.122847,
      "balance": 1.415304,
      "dry_up": 1.130583,
      "accumulation_observations": 2,
      "distribution_observations": 1
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    "risk": {
      "range_context": 0.092205,
      "annualized_volatility": 0.389104,
      "from_high_reference": -0.170667,
      "from_low_reference": 0.488156
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    "levels": {
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      "fair_value_reference": 336.225449,
      "structural_low": 416.21,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
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    "outcomes": [
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        "sample_count": 22,
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        "positive_rate": 0.318182,
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        "worst_return": -0.197793,
        "sufficient": true
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      },
      {
        "date": "2026-05-01",
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      },
      {
        "date": "2026-05-08",
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      },
      {
        "date": "2026-05-15",
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      },
      {
        "date": "2026-05-22",
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      },
      {
        "date": "2026-05-29",
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      },
      {
        "date": "2026-06-05",
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      {
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      },
      {
        "date": "2026-06-26",
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        "relative_strength": -4.287709,
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      },
      {
        "date": "2026-07-03",
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        "fair_value": 325.974744,
        "relative_strength": -2.74225,
        "stage": 3,
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        "modifier": "Upper balance after advance",
        "gate": "mixed",
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 1642252.05,
        "trend": 504.398667,
        "fair_value": 327.967885,
        "relative_strength": -3.32821,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 30.397117,
        "energy": 36.078821,
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      },
      {
        "date": "2026-07-17",
        "close": 553.48,
        "volume": 1560557,
        "typical_volume": 1616670.25,
        "trend": 503.147333,
        "fair_value": 330.132821,
        "relative_strength": 3.505077,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 66.004651,
        "energy": 60.744226,
        "activity_lines": [
          535.303333,
          520.268,
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          505.735505
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      },
      {
        "date": "2026-07-24",
        "close": 544.51,
        "volume": 1064891,
        "typical_volume": 1593798.4,
        "trend": 501.334,
        "fair_value": 332.305897,
        "relative_strength": 2.793229,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 61.603204,
        "energy": 62.607785,
        "activity_lines": [
          541.028,
          525.767091,
          518.631238,
          508.404065
        ]
      },
      {
        "date": "2026-07-31",
        "close": 467.32,
        "volume": 3127244,
        "typical_volume": 1683491.8,
        "trend": 497.115667,
        "fair_value": 334.054872,
        "relative_strength": -12.547017,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 28.779651,
        "energy": 18.127193,
        "activity_lines": [
          518.438667,
          516.853091,
          514.478381,
          506.209613
        ]
      },
      {
        "date": "2026-08-07",
        "close": 510.04,
        "volume": 1900109,
        "typical_volume": 1692224.1,
        "trend": 496.981667,
        "fair_value": 336.225449,
        "relative_strength": -9.405743,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 33.029772,
        "energy": 14.184417,
        "activity_lines": [
          513.111333,
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          514.287,
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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."
    }
  }
}