{ "ticker": { "uuid": "446044e4-ae11-4b0f-9b7f-615c6f1f0bae", "symbol": "PME", "name": "Pro Medicus Limited", "exchange": "ASX", "country": "AU", "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": "^AXJO", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 39.14, "architecture_energy": 27.501, "architecture_maturity": 69.569, "architecture_confidence": 75.044, "architecture_tenure": "New", "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": 44.94, "rotation_up": 27.13, "upward_expansion": 64.72, "deceleration": 88.32, "rotation_down": 29.9, "downward_expansion": 17.06 }, "activity_lines": [ 171.999338, 178.31364, 165.890811, 157.23265 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 176.080002, "trend_reference": 152.171622, "distance_from_trend": 0.157115, "trend_direction": "Weakening", "fair_value": 179.432861, "distance_from_fair_value": -0.018686, "fair_value_direction": "Improving", "relative_strength": -17.114048, "relative_strength_direction": "Improving", "price_momentum": 0.120201, "excess_performance": 0.056496, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.157115, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.114246, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.018686, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.223549, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.17114, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.275793, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.120201, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.446108, "read": "Demand-led" } ], "volume": { "latest": 1148362, "relative_activity": 0.934151, "balance": 1.446108, "dry_up": 1.007947, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.099616, "annualized_volatility": 0.712705, "from_high_reference": -0.455311, "from_low_reference": 0.638665 }, "levels": { "trend_reference": 152.171622, "fair_value_reference": 179.432861, "structural_low": 107.453349, "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": 12, "median_return": 0.003508, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.014103, "regime_survival": 0.5, "best_return": 0.234754, "worst_return": -0.256066, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.093046, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.025099, "regime_survival": 0.333333, "best_return": 0.155588, "worst_return": -0.238772, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.035501, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.019681, "regime_survival": 0.25, "best_return": 0.276291, "worst_return": -0.553134, "sufficient": false }, { 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178.14959, "relative_strength": -22.752701, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 64.319606, "energy": 58.284253, "activity_lines": [ 183.12867, 179.43582, 162.350287, 155.31546 ] }, { "date": "2026-07-31", "close": 162.210007, "volume": 1050056, "typical_volume": 1298527.65, "trend": 153.289998, "fair_value": 178.749816, "relative_strength": -22.239618, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 45.87892, "energy": 33.850749, "activity_lines": [ 174.363338, 177.925276, 163.529621, 155.762327 ] }, { "date": "2026-08-07", "close": 176.080002, "volume": 1148362, "typical_volume": 1229310.75, "trend": 152.171622, "fair_value": 179.432861, "relative_strength": -17.114048, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.139886, "energy": 27.501105, "activity_lines": [ 171.999338, 178.31364, 165.890811, 157.23265 ] } ], "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." } } }