{ "ticker": { "uuid": "60f17108-f228-452e-9be1-7f86c73f1769", "symbol": "VEEV", "name": "Veeva Systems Inc Class A", "exchange": "NYSE", "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": "SPY", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 65.085, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Value reclamation", "architecture_gate": "mixed", "architecture_direction": 60.808, "architecture_energy": 73.529, "architecture_maturity": 26.0, "architecture_confidence": 60.515, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 19.82, "rotation_up": 77.3, "upward_expansion": 65.13, "deceleration": 20.96, "rotation_down": 16.56, "downward_expansion": 23.46 }, "activity_lines": [ 207.138, 195.231818, 182.834429, 180.189505 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 230.47, "trend_reference": 181.352667, "distance_from_trend": 0.270839, "trend_direction": "Weakening", "fair_value": 217.308333, "distance_from_fair_value": 0.060567, "fair_value_direction": "Improving", "relative_strength": -6.22756, "relative_strength_direction": "Improving", "price_momentum": 0.254941, "excess_performance": 0.129317, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.270839, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.097597, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.060567, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.298674, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.062276, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.329083, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.254941, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.14703, "read": "Demand-led" } ], "volume": { "latest": 10400397, "relative_activity": 0.803482, "balance": 1.14703, "dry_up": 0.631964, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.081901, "annualized_volatility": 0.50359, "from_high_reference": -0.257746, "from_low_reference": 0.556704 }, "levels": { "trend_reference": 181.352667, "fair_value_reference": 217.308333, "structural_low": 148.05, "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": 5, "median_return": 0.025448, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": -0.043018, "regime_survival": 0.4, "best_return": 0.112058, "worst_return": -0.201542, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": -0.037465, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.083504, "regime_survival": 0.0, "best_return": 0.04969, "worst_return": -0.262619, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.078091, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.202212, "regime_survival": 0.0, "best_return": 0.073916, "worst_return": -0.240118, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.002255, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.211092, "regime_survival": 0.0, "best_return": 0.070282, "worst_return": -0.065772, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-05-31", "end": "2024-06-28", "tenure": "Developing", "return": 0.050273, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-07-05", "end": "2024-09-06", "tenure": "Developing", "return": 0.176769, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-09-13", "end": "2024-11-01", "tenure": "Developing", "return": -0.023721, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-08", "end": "2025-01-10", "tenure": "Developing", "return": -0.073404, "active": false }, { 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"date": "2026-07-24", "close": 186.24, "volume": 5754397, "typical_volume": 12981004.55, "trend": 182.198, "fair_value": 217.031282, "relative_strength": -22.275567, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 20.266926, "energy": 45.259387, "activity_lines": [ 189.328, 180.917455, 174.38281, 175.649011 ] }, { "date": "2026-07-31", "close": 203.78, "volume": 8807156, "typical_volume": 12968031.65, "trend": 181.674333, "fair_value": 217.075256, "relative_strength": -14.945757, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 45.370422, "energy": 61.082123, "activity_lines": [ 194.865333, 186.044727, 177.396952, 177.041398 ] }, { "date": "2026-08-07", "close": 230.47, "volume": 10400397, "typical_volume": 12944155.65, "trend": 181.352667, "fair_value": 217.308333, "relative_strength": -6.22756, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 60.808462, "energy": 73.529494, "activity_lines": [ 207.138, 195.231818, 182.834429, 180.189505 ] } ], "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." } } }