{
  "ticker": {
    "uuid": "44578368-5def-4bb4-93a6-9e3af3864587",
    "symbol": "BIO",
    "name": "Bio-Rad Laboratories Inc",
    "exchange": "NYSE",
    "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": "SPY",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 94.095,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 85.798,
    "architecture_energy": 81.196,
    "architecture_maturity": 21.998,
    "architecture_confidence": 75.797,
    "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": 11.11,
        "rotation_up": 82.45,
        "upward_expansion": 95.25,
        "deceleration": 39.1,
        "rotation_down": 9.49,
        "downward_expansion": 17.25
      },
      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 352.47,
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    "distance_from_trend": 0.224976,
    "trend_direction": "Weakening",
    "fair_value": 302.044423,
    "distance_from_fair_value": 0.166948,
    "fair_value_direction": "Improving",
    "relative_strength": 6.351882,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.169055,
    "excess_performance": 0.04343,
    "evidence": [
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        "label": "Price vs Trend",
        "positive": true,
        "value": 0.224976,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.007743,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.166948,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.344597,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.063519,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.259099,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.169055,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.549767,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1663809,
      "relative_activity": 0.9645,
      "balance": 1.549767,
      "dry_up": 0.932648,
      "accumulation_observations": 4,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.070262,
      "annualized_volatility": 0.449949,
      "from_high_reference": -0.002434,
      "from_low_reference": 0.488911
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    "levels": {
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      "fair_value_reference": 302.044423,
      "structural_low": 236.73,
      "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": 14,
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      },
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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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        "relative_strength": -6.724959,
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      },
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        "date": "2026-06-12",
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      },
      {
        "date": "2026-06-26",
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        "modifier": "Balance after decline",
        "gate": "mixed",
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      },
      {
        "date": "2026-07-03",
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        "fair_value": 304.81109,
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        "stage": 4,
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 1685770.45,
        "trend": 285.660667,
        "fair_value": 304.167115,
        "relative_strength": -8.370588,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 24.697287,
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      },
      {
        "date": "2026-07-17",
        "close": 304.36,
        "volume": 1343093,
        "typical_volume": 1682192.2,
        "trend": 285.755,
        "fair_value": 303.463141,
        "relative_strength": -4.394003,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 31.705382,
        "energy": 30.463444,
        "activity_lines": [
          298.722667,
          295.474,
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          284.657376
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      },
      {
        "date": "2026-07-24",
        "close": 314.46,
        "volume": 1740402,
        "typical_volume": 1698454.15,
        "trend": 286.107667,
        "fair_value": 302.808333,
        "relative_strength": -0.666649,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 66.028524,
        "energy": 52.353429,
        "activity_lines": [
          304.838667,
          299.765455,
          290.342238,
          286.509312
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      },
      {
        "date": "2026-07-31",
        "close": 325.48,
        "volume": 1688146,
        "typical_volume": 1720548.95,
        "trend": 286.781333,
        "fair_value": 302.330641,
        "relative_strength": 1.82357,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 74.864054,
        "energy": 67.987324,
        "activity_lines": [
          312.493333,
          304.843636,
          294.327524,
          289.049462
        ]
      },
      {
        "date": "2026-08-07",
        "close": 352.47,
        "volume": 1663809,
        "typical_volume": 1725047.75,
        "trend": 287.736333,
        "fair_value": 302.044423,
        "relative_strength": 6.351882,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 85.797983,
        "energy": 81.195871,
        "activity_lines": [
          327.498667,
          314.142909,
          300.58481,
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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."
    }
  }
}