{
  "ticker": {
    "uuid": "5b0b66cf-906a-41da-9b5f-88c80958fdff",
    "symbol": "RGTI",
    "name": "Rigetti Computing 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": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -46.757,
    "architecture_energy": 42.113,
    "architecture_maturity": 4.898,
    "architecture_confidence": 75.675,
    "architecture_tenure": "New",
    "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": 33.92,
        "rotation_up": 9.0,
        "upward_expansion": 13.17,
        "deceleration": 48.74,
        "rotation_down": 65.47,
        "downward_expansion": 76.83
      },
      "activity_lines": [
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        18.12719,
        17.96043
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      "activity_state": "Compressed",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.833333
    },
    "latest_close": 17.94,
    "trend_reference": 18.143667,
    "distance_from_trend": -0.011225,
    "trend_direction": "Weakening",
    "fair_value": 10.586634,
    "distance_from_fair_value": 0.69459,
    "fair_value_direction": "Weakening",
    "relative_strength": -29.854097,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.012987,
    "excess_performance": -0.174467,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.011225,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.127876,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.69459,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.380782,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.298541,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.064781,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.012987,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.84799,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 119138755,
      "relative_activity": 0.708789,
      "balance": 0.84799,
      "dry_up": 0.666147,
      "accumulation_observations": 2,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.242427,
      "annualized_volatility": 0.969316,
      "from_high_reference": -0.691488,
      "from_low_reference": 0.431764
    },
    "levels": {
      "trend_reference": 18.143667,
      "fair_value_reference": 10.586634,
      "structural_low": 12.53,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 19,
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        "positive_rate": 0.578947,
        "directional_follow_through": 0.421053,
        "median_excess_return": -1.1e-05,
        "regime_survival": 0.789474,
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        "worst_return": -0.533364,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
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      },
      {
        "horizon": "Full cycle",
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        "regime": "upward_expansion",
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        "date": "2026-06-12",
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        "modifier": "Upper balance after advance",
        "gate": "mixed",
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      },
      {
        "date": "2026-07-03",
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        "modifier": "Upper balance after advance",
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      },
      {
        "date": "2026-07-10",
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        "modifier": "Upper balance after advance",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 171263018.7,
        "trend": 18.932333,
        "fair_value": 10.331378,
        "relative_strength": -43.025008,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -56.539924,
        "energy": 38.898659,
        "activity_lines": [
          16.574,
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      },
      {
        "date": "2026-07-24",
        "close": 14.15,
        "volume": 102123913,
        "typical_volume": 169162120.8,
        "trend": 18.658,
        "fair_value": 10.40798,
        "relative_strength": -41.726356,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -55.739578,
        "energy": 54.091667,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 14.95,
        "volume": 108740308,
        "typical_volume": 168345292.8,
        "trend": 18.369667,
        "fair_value": 10.486249,
        "relative_strength": -38.639972,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -51.076697,
        "energy": 54.888264,
        "activity_lines": [
          14.98,
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          18.127238,
          17.988151
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      },
      {
        "date": "2026-08-07",
        "close": 17.94,
        "volume": 119138755,
        "typical_volume": 168087739.95,
        "trend": 18.143667,
        "fair_value": 10.586634,
        "relative_strength": -29.854097,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -46.756644,
        "energy": 42.11287,
        "activity_lines": [
          15.780667,
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      }
    ],
    "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."
    }
  }
}