{ "ticker": { "uuid": "63c45c76-5c77-45d7-9d65-6fa5215966d2", "symbol": "IFRX", "name": "InflaRx N.V.", "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": 15.583, "architecture_energy": 14.802, "architecture_maturity": 58.051, "architecture_confidence": 90.019, "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": 51.24, "rotation_up": 24.37, "upward_expansion": 49.86, "deceleration": 78.01, "rotation_down": 31.93, "downward_expansion": 25.52 }, "activity_lines": [ 1.798667, 1.859182, 1.931484, 1.770176 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 1.84, "trend_reference": 1.532227, "distance_from_trend": 0.200867, "trend_direction": "Improving", "fair_value": 1.605912, "distance_from_fair_value": 0.145767, "fair_value_direction": "Weakening", "relative_strength": 16.25489, "relative_strength_direction": "Weakening", "price_momentum": 1.056096, "excess_performance": 0.868642, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.200867, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.183436, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.145767, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.296337, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.162549, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.709827, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 1.056096, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.607607, "read": "Supply-led" } ], "volume": { "latest": 3862707, "relative_activity": 0.510181, "balance": 0.607607, "dry_up": 0.594088, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.218227, "annualized_volatility": 1.05363, "from_high_reference": -0.376039, "from_low_reference": 1.362003 }, "levels": { "trend_reference": 1.532227, "fair_value_reference": 1.605912, "structural_low": 0.8007, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 15, "median_return": -0.099099, "positive_rate": 0.2, "directional_follow_through": 0.2, "median_excess_return": -0.105045, "regime_survival": 0.666667, "best_return": 0.860465, "worst_return": -0.422819, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": -0.123506, "positive_rate": 0.285714, "directional_follow_through": 0.285714, "median_excess_return": -0.28311, "regime_survival": 0.428571, "best_return": 1.380682, "worst_return": -0.627907, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.025698, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": -0.09979, "regime_survival": 0.4, "best_return": 0.927219, "worst_return": -0.832043, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.301075, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": 0.02039, "regime_survival": 0.333333, "best_return": 0.976744, "worst_return": -0.612981, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-10-06", "end": "2024-05-31", "tenure": "Extended", "return": -0.452107, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-07", "end": "2024-11-15", "tenure": "Established", "return": 0.21118, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-22", "end": "2025-02-28", "tenure": "Established", "return": -0.331731, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-07", "end": "2025-04-04", "tenure": "Developing", "return": -0.165289, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-07-25", "tenure": "Established", "return": -0.027381, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-01", "end": "2025-08-08", "tenure": "New", "return": -0.069535, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-15", "end": "2025-08-22", "tenure": "New", "return": 0.058639, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-29", "end": "2025-10-03", "tenure": "Developing", "return": -0.0125, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-10", "end": "2025-10-17", "tenure": "New", "return": -0.144928, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-24", "end": "2026-01-30", 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25.18175, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.205388, "energy": 23.905051, "activity_lines": [ 1.989667, 1.990364, 1.928484, 1.716929 ] }, { "date": "2026-07-24", "close": 1.74, "volume": 4205874, "typical_volume": 7343137.7, "trend": 1.485227, "fair_value": 1.631392, "relative_strength": 18.311397, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.52167, "energy": 15.999147, "activity_lines": [ 1.911333, 1.928636, 1.93122, 1.734743 ] }, { "date": "2026-07-31", "close": 1.7, "volume": 4734571, "typical_volume": 7529111.85, "trend": 1.50556, "fair_value": 1.618347, "relative_strength": 14.028858, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.830071, "energy": 11.808172, "activity_lines": [ 1.824333, 1.872909, 1.926481, 1.748599 ] }, { "date": "2026-08-07", "close": 1.84, "volume": 3862707, "typical_volume": 7571253.1, "trend": 1.532227, "fair_value": 1.605912, "relative_strength": 16.25489, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.582936, "energy": 14.801566, "activity_lines": [ 1.798667, 1.859182, 1.931484, 1.770176 ] } ], "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." } } }