{ "ticker": { "uuid": "55a7af49-c9a8-4f75-b1c6-c700e3ab8feb", "symbol": "LASR", "name": "nLIGHT 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": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 77.598, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 0.573, "architecture_energy": 3.966, "architecture_maturity": 30.436, "architecture_confidence": 69.013, "architecture_tenure": "Developing", "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": 60.5, "rotation_up": 29.77, "upward_expansion": 46.65, "deceleration": 68.35, "rotation_down": 25.17, "downward_expansion": 31.32 }, "activity_lines": [ 65.105667, 65.800909, 67.942738, 66.936118 ], "activity_state": "Compressed", "activity_direction": "Stable", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 56.155, "trend_reference": 63.547, "distance_from_trend": -0.116323, "trend_direction": "Improving", "fair_value": 24.852276, "distance_from_fair_value": 1.259552, "fair_value_direction": "Weakening", "relative_strength": -0.922015, "relative_strength_direction": "Weakening", "price_momentum": 0.098494, "excess_performance": -0.08896, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.116323, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.189013, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 1.259552, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -1.376989, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.00922, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.664926, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.098494, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.799827, "read": "Supply-led" } ], "volume": { "latest": 9632049, "relative_activity": 1.522654, "balance": 0.799827, "dry_up": 0.913123, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.238937, "annualized_volatility": 0.518111, "from_high_reference": -0.354169, "from_low_reference": 1.257787 }, "levels": { "trend_reference": 63.547, "fair_value_reference": 24.852276, "structural_low": 49.1026, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 3, "median_return": 0.009288, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.029406, "regime_survival": 0.333333, "best_return": 0.069829, "worst_return": -0.031276, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 2, "median_return": -0.143457, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.146562, "regime_survival": 0.0, "best_return": -0.060372, "worst_return": -0.226543, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": -0.032491, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.135877, "regime_survival": 0.5, "best_return": 0.092139, "worst_return": -0.157121, "sufficient": false }, { "horizon": "Full 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"volume": 3994609, "typical_volume": 6707855.8, "trend": 61.994833, "fair_value": 24.196346, "relative_strength": 33.679833, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.92595, "energy": 15.871284, "activity_lines": [ 68.741333, 67.953545, 69.154976, 66.93928 ] }, { "date": "2026-07-31", "close": 68.8, "volume": 4614093, "typical_volume": 6478554.3, "trend": 63.009167, "fair_value": 24.561538, "relative_strength": 28.579741, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.31129, "energy": 17.481017, "activity_lines": [ 69.278667, 67.938182, 69.165762, 67.378323 ] }, { "date": "2026-08-07", "close": 56.155, "volume": 9632049, "typical_volume": 6325827.1, "trend": 63.547, "fair_value": 24.852276, "relative_strength": -0.922015, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.572552, "energy": 3.966235, "activity_lines": [ 65.105667, 65.800909, 67.942738, 66.936118 ] } ], "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." } } }