{ "ticker": { "uuid": "3ed64fee-f30f-4507-872b-90e665ba6381", "symbol": "TCRX", "name": "Tscan Therapeutics 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": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -61.27, "architecture_energy": 68.346, "architecture_maturity": 32.021, "architecture_confidence": 83.651, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 18.9, "rotation_up": 15.09, "upward_expansion": 20.04, "deceleration": 31.53, "rotation_down": 70.09, "downward_expansion": 88.71 }, "activity_lines": [ 0.816973, 0.885198, 0.962821, 0.995108 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 0.7962, "trend_reference": 1.02771, "distance_from_trend": -0.225268, "trend_direction": "Weakening", "fair_value": 3.349967, "distance_from_fair_value": -0.762326, "fair_value_direction": "Weakening", "relative_strength": -45.256447, "relative_strength_direction": "Weakening", "price_momentum": -0.22699, "excess_performance": -0.414444, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.225268, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.042179, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.762326, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.124139, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.452564, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.188231, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.22699, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.304951, "read": "Demand-led" } ], "volume": { "latest": 2002695, "relative_activity": 0.520159, "balance": 1.304951, "dry_up": 0.783731, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.208915, "annualized_volatility": 0.620205, "from_high_reference": -0.690195, "from_low_reference": 0.112011 }, "levels": { "trend_reference": 1.02771, "fair_value_reference": 3.349967, "structural_low": 0.716, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 22, "median_return": -0.101505, "positive_rate": 0.409091, "directional_follow_through": 0.590909, "median_excess_return": -0.064062, "regime_survival": 0.818182, "best_return": 0.670391, "worst_return": -0.302817, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": -0.045865, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.076867, "regime_survival": 0.5, "best_return": 1.306306, "worst_return": -0.559748, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.096931, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": -0.268203, "regime_survival": 0.2, "best_return": 2.045045, "worst_return": -0.626998, "sufficient": true }, { "horizon": "Full cycle", 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"balance", "label": "Balance", "color": "blue", "start": "2024-06-28", "end": "2024-07-05", "tenure": "New", "return": -0.023932, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-07-12", "end": "2024-07-26", "tenure": "New", "return": 0.078635, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-02", "end": "2024-08-23", "tenure": "New", "return": -0.154993, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-30", "end": "2025-07-04", "tenure": "Extended", "return": -0.731794, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-11", "end": "2025-08-29", "tenure": "Developing", "return": -0.005525, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-05", "end": "2025-10-31", "tenure": "Developing", "return": 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1.023233, 1.014045, 1.052967, 1.057225 ] }, { "date": "2026-07-17", "close": 0.9148, "volume": 4061945, "typical_volume": 3979273.15, "trend": 1.059603, "fair_value": 3.375587, "relative_strength": -38.076736, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.36806, "energy": 19.154991, "activity_lines": [ 0.998107, 0.992504, 1.03856, 1.047924 ] }, { "date": "2026-07-24", "close": 0.794, "volume": 3087231, "typical_volume": 3967838.9, "trend": 1.050737, "fair_value": 3.367151, "relative_strength": -44.241338, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.379562, "energy": 33.208455, "activity_lines": [ 0.932533, 0.955275, 1.013341, 1.030788 ] }, { "date": "2026-07-31", "close": 0.743, "volume": 2918084, "typical_volume": 3924397.2, "trend": 1.041503, "fair_value": 3.358068, "relative_strength": -47.202663, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.616781, "energy": 60.974383, "activity_lines": [ 0.85836, 0.912518, 0.984817, 1.010934 ] }, { "date": "2026-08-07", "close": 0.7962, "volume": 2002695, "typical_volume": 3850157.85, "trend": 1.02771, "fair_value": 3.349967, "relative_strength": -45.256447, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.27024, "energy": 68.346476, "activity_lines": [ 0.816973, 0.885198, 0.962821, 0.995108 ] } ], "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." } } }