{ "ticker": { "uuid": "59383094-30d3-4912-9082-5c9995f1d6d5", "symbol": "PI", "name": "IMPINJ INC", "exchange": "MEX", "country": "MX", "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": "^MXX", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 59.259, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 14.159, "architecture_energy": 41.275, "architecture_maturity": 59.409, "architecture_confidence": 91.262, "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": 53.9, "rotation_up": 15.4, "upward_expansion": 57.0, "deceleration": 94.0, "rotation_down": 54.39, "downward_expansion": 30.0 }, "activity_lines": [ 2454.41001, 2561.861843, 2546.344787, 2443.607009 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 2441.0, "trend_reference": 2369.64668, "distance_from_trend": 0.030111, "trend_direction": "Weakening", "fair_value": 2695.262611, "distance_from_fair_value": -0.094337, "fair_value_direction": "Weakening", "relative_strength": -0.43796, "relative_strength_direction": "Improving", "price_momentum": 0.003606, "excess_performance": 0.058273, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.030111, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.027843, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.094337, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.010614, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.00438, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.049113, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.003606, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.573077, "read": "Demand-led" } ], "volume": { "latest": 0, "relative_activity": 0.0, "balance": 1.573077, "dry_up": 1.492455, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.033029, "annualized_volatility": 0.679736, "from_high_reference": -0.321944, "from_low_reference": 0.342684 }, "levels": { "trend_reference": 2369.64668, "fair_value_reference": 2695.262611, "structural_low": 1818.0, "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": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Extended", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-24", "end": "2026-05-15", "tenure": "New", "return": 0.165883, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-22", "end": "2026-07-10", "tenure": "Developing", "return": 0.107033, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-07-17", "end": "2026-07-17", "tenure": "New", "return": 0.0, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-07-24", "end": "2026-07-31", "tenure": "New", "return": 0.108286, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-08-07", "end": "2026-08-07", "tenure": 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"relative_strength": -9.432185, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": 8.782817, "energy": 25.586546, "activity_lines": [ 2565.200033, 2642.803676, 2535.029553, 2440.868946 ] }, { "date": "2026-07-31", "close": 2441.0, "volume": 568, "typical_volume": 201.25, "trend": 2408.280013, "fair_value": 2697.967532, "relative_strength": -0.425929, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 25.716433, "energy": 45.877234, "activity_lines": [ 2499.62002, 2601.969123, 2541.391932, 2441.496042 ] }, { "date": "2026-08-07", "close": 2441.0, "volume": 0, "typical_volume": 182.25, "trend": 2369.64668, "fair_value": 2695.262611, "relative_strength": -0.43796, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.158539, "energy": 41.275082, "activity_lines": [ 2454.41001, 2561.861843, 2546.344787, 2443.607009 ] } ], "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." } } }