{ "ticker": { "uuid": "45687c41-aca5-445b-89e6-7b78c19f5dd7", "symbol": "BLZE", "name": "Backblaze 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": "2c", "phase_label": "Stage 2C \u00b7 Late advance", "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": 84.375, "architecture_energy": 61.364, "architecture_maturity": 77.043, "architecture_confidence": 82.985, "architecture_tenure": "Developing", "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": 13.76, "rotation_up": 59.31, "upward_expansion": 82.94, "deceleration": 68.67, "rotation_down": 24.27, "downward_expansion": 9.6 }, "activity_lines": [ 15.19, 14.312909, 11.537905, 9.60972 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 18.82, "trend_reference": 7.487, "distance_from_trend": 1.51369, "trend_direction": "Improving", "fair_value": 6.917468, "distance_from_fair_value": 1.720649, "fair_value_direction": "Improving", "relative_strength": 126.53338, "relative_strength_direction": "Improving", "price_momentum": 3.590244, "excess_performance": 3.40279, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 1.51369, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.553642, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 1.720649, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 1.539088, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 1.265334, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 1.204751, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 3.590244, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 4.33541, "read": "Demand-led" } ], "volume": { "latest": 27016114, "relative_activity": 2.057101, "balance": 4.33541, "dry_up": 1.06947, "accumulation_observations": 3, "distribution_observations": 0 }, "risk": { "range_context": 0.168397, "annualized_volatility": 1.310373, "from_high_reference": -0.215506, "from_low_reference": 4.771767 }, "levels": { "trend_reference": 7.487, "fair_value_reference": 6.917468, "structural_low": 3.2607, "invalidation": "A sustained 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"date": "2026-07-24", "close": 11.61, "volume": 8558558, "typical_volume": 11742541.95, "trend": 6.727, "fair_value": 6.769647, "relative_strength": 54.023366, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.177371, "energy": 66.371312, "activity_lines": [ 13.968667, 12.594909, 9.986571, 8.397677 ] }, { "date": "2026-07-31", "close": 13.72, "volume": 9037181, "typical_volume": 11904980.3, "trend": 7.026333, "fair_value": 6.824776, "relative_strength": 77.585703, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.078888, "energy": 58.270134, "activity_lines": [ 13.701333, 13.045273, 10.543381, 8.848839 ] }, { "date": "2026-08-07", "close": 18.82, "volume": 27016114, "typical_volume": 13133102.55, "trend": 7.487, "fair_value": 6.917468, "relative_strength": 126.53338, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.375132, "energy": 61.363876, "activity_lines": [ 15.19, 14.312909, 11.537905, 9.60972 ] } ], "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." } } }