{ "ticker": { "uuid": "599cbce2-b933-4589-91fd-c6f3933fc03f", "symbol": "CANC", "name": "Tema Oncology ETF", "exchange": "NASDAQ", "country": "US", "assetType": "etf" }, "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": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "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": 75.801, "architecture_energy": 59.025, "architecture_maturity": 42.063, "architecture_confidence": 80.597, "architecture_tenure": "Established", "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": 18.84, "rotation_up": 63.12, "upward_expansion": 80.11, "deceleration": 57.46, "rotation_down": 16.57, "downward_expansion": 9.11 }, "activity_lines": [ 41.52898, 40.932782, 39.671574, 38.894855 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 42.7748, "trend_reference": 37.99534, "distance_from_trend": 0.125791, "trend_direction": "Improving", "fair_value": 28.685451, "distance_from_fair_value": 0.491167, "fair_value_direction": "Improving", "relative_strength": 7.067127, "relative_strength_direction": "Improving", "price_momentum": 0.169349, "excess_performance": -0.018104, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.125791, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.050846, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.491167, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.038605, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.070671, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.079449, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.169349, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.112976, "read": "Demand-led" } ], "volume": { "latest": 104829, "relative_activity": 0.723017, "balance": 1.112976, "dry_up": 0.755874, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.043171, "annualized_volatility": 0.232333, "from_high_reference": -0.004774, "from_low_reference": 0.703785 }, "levels": { "trend_reference": 37.99534, "fair_value_reference": 28.685451, "structural_low": 34.605, "invalidation": 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40.965287, 39.721569, 38.725764, 38.142016 ] }, { "date": "2026-07-24", "close": 41.066, "volume": 99481, "typical_volume": 144100.4, "trend": 37.585297, "fair_value": 28.203698, "relative_strength": 9.652778, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.885684, "energy": 77.393169, "activity_lines": [ 41.19424, 40.113496, 39.022461, 38.378746 ] }, { "date": "2026-07-31", "close": 40.5957, "volume": 170703, "typical_volume": 143631.65, "trend": 37.785513, "fair_value": 28.434678, "relative_strength": 7.349942, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.09612, "energy": 66.630589, "activity_lines": [ 41.008013, 40.347573, 39.254229, 38.572966 ] }, { "date": "2026-08-07", "close": 42.7748, "volume": 104829, "typical_volume": 144988.2, "trend": 37.99534, "fair_value": 28.685451, "relative_strength": 7.067127, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.801125, "energy": 59.025324, "activity_lines": [ 41.52898, 40.932782, 39.671574, 38.894855 ] } ], "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." } } }