{
  "ticker": {
    "uuid": "536f3d46-94f4-4a15-87b0-33746efc4669",
    "symbol": "HALO",
    "name": "Halozyme 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": 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": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 96.932,
    "architecture_energy": 95.633,
    "architecture_maturity": 28.0,
    "architecture_confidence": 76.921,
    "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": 9.03,
        "rotation_up": 89.07,
        "upward_expansion": 99.39,
        "deceleration": 39.06,
        "rotation_down": 8.43,
        "downward_expansion": 21.39
      },
      "activity_lines": [
        88.224667,
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        76.421,
        73.755914
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 103.12,
    "trend_reference": 71.734,
    "distance_from_trend": 0.437533,
    "trend_direction": "Improving",
    "fair_value": 56.270513,
    "distance_from_fair_value": 0.832576,
    "fair_value_direction": "Improving",
    "relative_strength": 27.267472,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.269482,
    "excess_performance": 0.082028,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.437533,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.049264,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.832576,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.624222,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.272675,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.4607,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.269482,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.677199,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 14600582,
      "relative_activity": 1.722836,
      "balance": 2.677199,
      "dry_up": 1.180122,
      "accumulation_observations": 5,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.066073,
      "annualized_volatility": 0.448495,
      "from_high_reference": -0.001742,
      "from_low_reference": 0.684279
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    "levels": {
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      "fair_value_reference": 56.270513,
      "structural_low": 61.325,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 18,
        "median_return": -0.003684,
        "positive_rate": 0.444444,
        "directional_follow_through": 0.444444,
        "median_excess_return": -0.000406,
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        "worst_return": -0.19864,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "worst_return": -0.182174,
        "sufficient": true
      },
      {
        "horizon": "Extended",
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        "worst_return": -0.360219,
        "sufficient": true
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      {
        "horizon": "Full cycle",
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        "worst_return": -0.194737,
        "sufficient": false
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      {
        "regime": "deceleration",
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        "tenure": "Developing",
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      {
        "regime": "rotation_down",
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        "return": 0.058725,
        "active": false
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      {
        "regime": "balance",
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        "regime": "rotation_up",
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      {
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      {
        "regime": "balance",
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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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        "activity_lines": [
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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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        "typical_volume": 8374664.4,
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      },
      {
        "date": "2026-06-12",
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        "stage": 3,
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        "modifier": "Balance after decline",
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      },
      {
        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
        "close": 74.96,
        "volume": 10045893,
        "typical_volume": 8336172.65,
        "trend": 68.517,
        "fair_value": 54.645513,
        "relative_strength": -3.859328,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 34.710687,
        "energy": 42.947837,
        "activity_lines": [
          71.14,
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      },
      {
        "date": "2026-07-03",
        "close": 79.45,
        "volume": 7529889,
        "typical_volume": 8289055.55,
        "trend": 69.054333,
        "fair_value": 54.920064,
        "relative_strength": 0.783167,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 52.961837,
        "energy": 62.122752,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 76.2,
        "volume": 10286250,
        "typical_volume": 8120420.65,
        "trend": 69.520667,
        "fair_value": 55.163526,
        "relative_strength": -5.084715,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 66.349413,
        "energy": 69.21783,
        "activity_lines": [
          75.352,
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      },
      {
        "date": "2026-07-17",
        "close": 77.81,
        "volume": 8371417,
        "typical_volume": 8169719.9,
        "trend": 69.869333,
        "fair_value": 55.387372,
        "relative_strength": 0.935266,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.815786,
        "energy": 73.893593,
        "activity_lines": [
          76.711333,
          74.045818,
          70.752095,
          70.097613
        ]
      },
      {
        "date": "2026-07-24",
        "close": 81.93,
        "volume": 7638243,
        "typical_volume": 8117742.5,
        "trend": 70.304667,
        "fair_value": 55.632692,
        "relative_strength": 7.69506,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 77.78259,
        "energy": 79.899851,
        "activity_lines": [
          78.89,
          75.851636,
          72.025857,
          70.87572
        ]
      },
      {
        "date": "2026-07-31",
        "close": 82.54,
        "volume": 9394637,
        "typical_volume": 8197679.6,
        "trend": 70.712333,
        "fair_value": 55.889936,
        "relative_strength": 7.661436,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 75.878326,
        "energy": 78.292126,
        "activity_lines": [
          80.38,
          77.499091,
          73.288381,
          71.665097
        ]
      },
      {
        "date": "2026-08-07",
        "close": 103.12,
        "volume": 14600582,
        "typical_volume": 8474736.35,
        "trend": 71.734,
        "fair_value": 56.270513,
        "relative_strength": 27.267472,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 96.931979,
        "energy": 95.63291,
        "activity_lines": [
          88.224667,
          82.629818,
          76.421,
          73.755914
        ]
      }
    ],
    "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."
    }
  }
}