{
  "ticker": {
    "uuid": "3b024d07-a80f-48f0-bbda-6bb79c593c64",
    "symbol": "ARWR",
    "name": "Arrowhead 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": 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": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 66.772,
    "architecture_energy": 44.354,
    "architecture_maturity": 49.43,
    "architecture_confidence": 86.651,
    "architecture_tenure": "Established",
    "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": 19.61,
        "rotation_up": 58.06,
        "upward_expansion": 78.52,
        "deceleration": 57.41,
        "rotation_down": 18.51,
        "downward_expansion": 5.18
      },
      "activity_lines": [
        83.91,
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        75.181398
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      "activity_state": "Moderate",
      "activity_direction": "Stable",
      "rotation_direction": "Stable",
      "price_acceptance": 0.666667
    },
    "latest_close": 87.65,
    "trend_reference": 71.064333,
    "distance_from_trend": 0.233389,
    "trend_direction": "Improving",
    "fair_value": 35.05359,
    "distance_from_fair_value": 1.500457,
    "fair_value_direction": "Improving",
    "relative_strength": 31.516465,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.358493,
    "excess_performance": 0.17104,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.233389,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.118032,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 1.500457,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.179182,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.315165,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.108761,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.358493,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.819874,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 7002801,
      "relative_activity": 0.704837,
      "balance": 0.819874,
      "dry_up": 1.097849,
      "accumulation_observations": 1,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.104776,
      "annualized_volatility": 0.39597,
      "from_high_reference": -0.082102,
      "from_low_reference": 4.54396
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    "levels": {
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      "fair_value_reference": 35.05359,
      "structural_low": 54.02,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 9,
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        "positive_rate": 0.777778,
        "directional_follow_through": 0.777778,
        "median_excess_return": 0.108275,
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        "worst_return": -0.06338,
        "sufficient": true
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      {
        "horizon": "Intermediate",
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        "worst_return": 0.131533,
        "sufficient": false
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        "horizon": "Extended",
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        "worst_return": 1.871993,
        "sufficient": false
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        "horizon": "Full cycle",
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      },
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        "date": "2026-05-01",
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      },
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        "date": "2026-06-05",
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "stage": 2,
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        "modifier": "Re-accelerating",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 10429833.4,
        "trend": 69.218,
        "fair_value": 34.013397,
        "relative_strength": 23.2258,
        "stage": 2,
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        "modifier": "Re-accelerating",
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        "direction": 52.5818,
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        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
        "close": 85.6,
        "volume": 15319164,
        "typical_volume": 10633019.7,
        "trend": 69.732667,
        "fair_value": 34.336923,
        "relative_strength": 41.225233,
        "stage": 2,
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        "modifier": "Re-accelerating",
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      },
      {
        "date": "2026-07-31",
        "close": 84.65,
        "volume": 8972859,
        "typical_volume": 10302782.45,
        "trend": 70.294667,
        "fair_value": 34.676667,
        "relative_strength": 36.111984,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.449472,
        "energy": 37.915314,
        "activity_lines": [
          81.689333,
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          77.53519,
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      },
      {
        "date": "2026-08-07",
        "close": 87.65,
        "volume": 7002801,
        "typical_volume": 9935351.95,
        "trend": 71.064333,
        "fair_value": 35.05359,
        "relative_strength": 31.516465,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.772249,
        "energy": 44.353509,
        "activity_lines": [
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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."
    }
  }
}