{
  "ticker": {
    "uuid": "675194a9-16c0-4c00-bf0f-7e6cf7c87f10",
    "symbol": "ICCM",
    "name": "Icecure Medical",
    "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": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -66.673,
    "architecture_energy": 72.66,
    "architecture_maturity": 100.0,
    "architecture_confidence": 88.781,
    "architecture_tenure": "Extended",
    "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": 5.41,
        "rotation_up": 26.23,
        "upward_expansion": 16.3,
        "deceleration": 41.97,
        "rotation_down": 59.55,
        "downward_expansion": 91.97
      },
      "activity_lines": [
        3.143333,
        3.725182,
        4.930986,
        7.124645
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": -0.833333
    },
    "latest_close": 3.08,
    "trend_reference": 10.3823,
    "distance_from_trend": -0.703341,
    "trend_direction": "Weakening",
    "fair_value": 25.387667,
    "distance_from_fair_value": -0.878681,
    "fair_value_direction": "Weakening",
    "relative_strength": -84.131609,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.825989,
    "excess_performance": -1.013442,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.703341,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.345745,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.878681,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.136631,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.841316,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.099407,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.825989,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 5.591854,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 464930,
      "relative_activity": 0.035114,
      "balance": 5.591854,
      "dry_up": 0.031373,
      "accumulation_observations": 2,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.612837,
      "annualized_volatility": 1.880098,
      "from_high_reference": -0.926667,
      "from_low_reference": 0.45283
    },
    "levels": {
      "trend_reference": 10.3823,
      "fair_value_reference": 25.387667,
      "structural_low": 2.12,
      "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": 38,
        "median_return": -0.047796,
        "positive_rate": 0.421053,
        "directional_follow_through": 0.578947,
        "median_excess_return": -0.024432,
        "regime_survival": 0.894737,
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        "worst_return": -0.653322,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 12,
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        "worst_return": -0.680274,
        "sufficient": true
      },
      {
        "horizon": "Extended",
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        "worst_return": -0.733294,
        "sufficient": true
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      {
        "horizon": "Full cycle",
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        "date": "2026-07-03",
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        "date": "2026-07-10",
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        "stage": 4,
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 13480318.1,
        "trend": 12.085533,
        "fair_value": 25.966193,
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        "stage": 4,
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        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.77191,
        "energy": 56.977801,
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          4.416667,
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          6.334976,
          8.772972
        ]
      },
      {
        "date": "2026-07-24",
        "close": 3.08,
        "volume": 435137,
        "typical_volume": 13448481.4,
        "trend": 11.5236,
        "fair_value": 25.753244,
        "relative_strength": -84.244021,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -71.061601,
        "energy": 62.374963,
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          3.842,
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          5.794519,
          8.19197
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      },
      {
        "date": "2026-07-31",
        "close": 2.89,
        "volume": 310530,
        "typical_volume": 13351844.4,
        "trend": 10.989933,
        "fair_value": 25.550616,
        "relative_strength": -84.777205,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -70.377968,
        "energy": 71.276859,
        "activity_lines": [
          3.358667,
          3.952727,
          5.3113,
          7.634963
        ]
      },
      {
        "date": "2026-08-07",
        "close": 3.08,
        "volume": 464930,
        "typical_volume": 13240424.6,
        "trend": 10.3823,
        "fair_value": 25.387667,
        "relative_strength": -84.131609,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.67251,
        "energy": 72.659585,
        "activity_lines": [
          3.143333,
          3.725182,
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          7.124645
        ]
      }
    ],
    "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."
    }
  }
}