{ "ticker": { "uuid": "59836737-6b08-45ba-b4ee-a54fe6f4e9c8", "symbol": "NXST", "name": "Nexstar Broadcasting Group 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": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -17.98, "architecture_energy": 19.175, "architecture_maturity": 75.765, "architecture_confidence": 62.209, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 53.21, "rotation_up": 36.89, "upward_expansion": 20.05, "deceleration": 43.94, "rotation_down": 16.78, "downward_expansion": 51.71 }, "activity_lines": [ 188.161333, 182.441273, 183.428615, 190.275066 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.166667 }, "latest_close": 193.78, "trend_reference": 199.470411, "distance_from_trend": -0.028528, "trend_direction": "Weakening", "fair_value": 166.887009, "distance_from_fair_value": 0.161145, "fair_value_direction": "Weakening", "relative_strength": -14.647221, "relative_strength_direction": "Weakening", "price_momentum": -0.108787, "excess_performance": -0.296241, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.028528, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.023497, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.161145, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.061985, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.146472, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.004481, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.108787, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.668444, "read": "Supply-led" } ], "volume": { "latest": 2011595, "relative_activity": 1.027979, "balance": 0.668444, "dry_up": 0.836457, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.081236, "annualized_volatility": 0.401081, "from_high_reference": -0.229688, "from_low_reference": 0.254483 }, "levels": { "trend_reference": 199.470411, "fair_value_reference": 166.887009, 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"date": "2026-07-10", "close": 174.05, "volume": 1641021, "typical_volume": 2020040.9, "trend": 201.423792, "fair_value": 166.120228, "relative_strength": -24.537833, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.106538, "energy": 58.38703, "activity_lines": [ 172.628667, 175.634868, 184.950451, 193.577958 ] }, { "date": "2026-07-17", "close": 183.71, "volume": 1735585, "typical_volume": 2008312.15, "trend": 200.932164, "fair_value": 166.270176, "relative_strength": -16.617192, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.131364, "energy": 34.967219, "activity_lines": [ 176.678667, 176.251455, 183.748904, 192.435133 ] }, { "date": "2026-07-24", "close": 183.31, "volume": 1351335, "typical_volume": 1995066.3, "trend": 200.329263, "fair_value": 166.405707, "relative_strength": -15.160078, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.053122, "energy": 23.276814, "activity_lines": [ 179.981333, 177.107455, 182.818515, 191.298219 ] }, { "date": "2026-07-31", "close": 190.53, "volume": 1448744, "typical_volume": 2000658.4, "trend": 199.83961, "fair_value": 166.591394, "relative_strength": -12.055938, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.508404, "energy": 20.317223, "activity_lines": [ 184.414, 179.495818, 182.871476, 190.666009 ] }, { "date": "2026-08-07", "close": 193.78, "volume": 2011595, "typical_volume": 1956843.6, "trend": 199.470411, "fair_value": 166.887009, "relative_strength": -14.647221, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.979684, "energy": 19.174928, "activity_lines": [ 188.161333, 182.441273, 183.428615, 190.275066 ] } ], "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." } } }