{
  "ticker": {
    "uuid": "67d00e45-75b2-4ca0-8350-44ee3d6fc7d0",
    "symbol": "DNLI",
    "name": "Denali Therapeutics 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": 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": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 50.924,
    "architecture_energy": 29.608,
    "architecture_maturity": 72.116,
    "architecture_confidence": 87.979,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 27.1,
        "rotation_up": 37.78,
        "upward_expansion": 65.28,
        "deceleration": 85.33,
        "rotation_down": 25.49,
        "downward_expansion": 15.28
      },
      "activity_lines": [
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 24.83,
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    "distance_from_trend": 0.17836,
    "trend_direction": "Improving",
    "fair_value": 19.668462,
    "distance_from_fair_value": 0.262427,
    "fair_value_direction": "Improving",
    "relative_strength": 14.959792,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.177894,
    "excess_performance": -0.00956,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.17836,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.10657,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.262427,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.292211,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.149598,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.177816,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.177894,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.230009,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 8363493,
      "relative_activity": 0.947443,
      "balance": 1.230009,
      "dry_up": 1.005632,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.09881,
      "annualized_volatility": 0.530895,
      "from_high_reference": -0.090476,
      "from_low_reference": 0.973768
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    "levels": {
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      "fair_value_reference": 19.668462,
      "structural_low": 17.71,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 14,
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        "positive_rate": 0.428571,
        "directional_follow_through": 0.428571,
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        "worst_return": -0.142587,
        "sufficient": true
      },
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        "horizon": "Intermediate",
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        "worst_return": -0.299694,
        "sufficient": true
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      },
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      },
      {
        "date": "2026-07-17",
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        "volume": 13615733,
        "typical_volume": 8939476.85,
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        "fair_value": 19.724615,
        "relative_strength": 14.229285,
        "stage": 2,
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        "modifier": "Early expansion",
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        "direction": 64.979538,
        "energy": 75.247651,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
        "close": 23.11,
        "volume": 5950110,
        "typical_volume": 8899910.15,
        "trend": 20.588333,
        "fair_value": 19.693397,
        "relative_strength": 14.468277,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.512806,
        "energy": 47.233288,
        "activity_lines": [
          24.198667,
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      },
      {
        "date": "2026-07-31",
        "close": 23.02,
        "volume": 7579298,
        "typical_volume": 8858643.9,
        "trend": 20.813333,
        "fair_value": 19.663782,
        "relative_strength": 12.730354,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 45.336452,
        "energy": 32.029717,
        "activity_lines": [
          23.64,
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          22.296048,
          21.619871
        ]
      },
      {
        "date": "2026-08-07",
        "close": 24.83,
        "volume": 8363493,
        "typical_volume": 8827439.45,
        "trend": 21.071667,
        "fair_value": 19.668462,
        "relative_strength": 14.959792,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 50.923508,
        "energy": 29.607924,
        "activity_lines": [
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          24.030364,
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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."
    }
  }
}