{ "ticker": { "uuid": "5afed2f2-4133-4878-9cbb-25e7a6e9c649", "symbol": "NBTX", "name": "Nanobiotix", "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": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 35.268, "architecture_energy": 18.704, "architecture_maturity": 38.157, "architecture_confidence": 62.073, "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": 50.09, "rotation_up": 38.59, "upward_expansion": 62.15, "deceleration": 59.3, "rotation_down": 20.75, "downward_expansion": 12.15 }, "activity_lines": [ 38.626, 38.209545, 38.381548, 36.779258 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 38.22, "trend_reference": 33.635833, "distance_from_trend": 0.136288, "trend_direction": "Improving", "fair_value": 12.649517, "distance_from_fair_value": 2.021459, "fair_value_direction": "Weakening", "relative_strength": 26.258155, "relative_strength_direction": "Weakening", "price_momentum": 0.833094, "excess_performance": 0.64564, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.136288, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.191028, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 2.021459, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -1.572493, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.262582, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.836716, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.833094, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.939164, "read": "Supply-led" } ], "volume": { "latest": 567830, "relative_activity": 1.289516, "balance": 0.939164, "dry_up": 1.451517, "accumulation_observations": 3, "distribution_observations": 4 }, "risk": { "range_context": 0.159328, "annualized_volatility": 0.751656, "from_high_reference": -0.331117, "from_low_reference": 4.483501 }, "levels": { "trend_reference": 33.635833, "fair_value_reference": 12.649517, "structural_low": 22.36, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 5, "median_return": 0.041908, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": 0.100134, "regime_survival": 0.4, "best_return": 0.183381, "worst_return": -0.115327, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": 0.138393, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.047781, "regime_survival": 0.333333, "best_return": 0.603629, "worst_return": -0.138562, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": 0.438274, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.282011, "regime_survival": 0.5, "best_return": 0.895893, "worst_return": -0.019345, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, 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11.659164, "relative_strength": 43.187338, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.980762, "energy": 19.229558, "activity_lines": [ 36.754, 38.295455, 37.161524, 34.560624 ] }, { "date": "2026-07-10", "close": 40.07, "volume": 593435, "typical_volume": 372614.75, "trend": 31.427333, "fair_value": 11.87519, "relative_strength": 43.39493, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.944447, "energy": 21.599, "activity_lines": [ 38.0, 38.395818, 37.61681, 35.15557 ] }, { "date": "2026-07-17", "close": 37.79, "volume": 648475, "typical_volume": 397002.85, "trend": 31.949333, "fair_value": 12.058523, "relative_strength": 38.013469, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.425281, "energy": 23.149961, "activity_lines": [ 38.178667, 37.991636, 37.782143, 35.566065 ] }, { "date": "2026-07-24", "close": 39.7, "volume": 659958, "typical_volume": 412687.6, "trend": 32.504667, "fair_value": 12.26301, "relative_strength": 44.107163, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.740572, "energy": 24.174797, "activity_lines": [ 38.844, 38.074727, 38.097238, 36.066108 ] }, { "date": "2026-07-31", "close": 38.385, "volume": 680401, "typical_volume": 427042.5, "trend": 33.0465, "fair_value": 12.462209, "relative_strength": 35.753698, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.630599, "energy": 21.421253, "activity_lines": [ 38.842333, 38.133273, 38.259905, 36.445484 ] }, { "date": "2026-08-07", "close": 38.22, "volume": 567830, "typical_volume": 440343.55, "trend": 33.635833, "fair_value": 12.649517, "relative_strength": 26.258155, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.26796, "energy": 18.703844, "activity_lines": [ 38.626, 38.209545, 38.381548, 36.779258 ] } ], "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." } } }