{ "ticker": { "uuid": "6c317cc7-90f7-4370-b7d0-abc75a3227ae", "symbol": "IPH", "name": "Innate Pharma S.A.", "exchange": "PAR", "country": "FR", "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": "^FCHI", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 83.561, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 33.378, "architecture_energy": 16.261, "architecture_maturity": 31.674, "architecture_confidence": 72.946, "architecture_tenure": "New", "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": 50.52, "rotation_up": 28.46, "upward_expansion": 55.9, "deceleration": 82.93, "rotation_down": 25.56, "downward_expansion": 17.24 }, "activity_lines": [ 1.540133, 1.561164, 1.530743, 1.475243 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 1.508, "trend_reference": 1.4372, "distance_from_trend": 0.049262, "trend_direction": "Weakening", "fair_value": 1.908942, "distance_from_fair_value": -0.210034, "fair_value_direction": "Improving", "relative_strength": -9.072915, "relative_strength_direction": "Improving", "price_momentum": 0.054545, "excess_performance": 0.001234, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.049262, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.007459, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.210034, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.167352, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.090729, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.133732, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.054545, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.663635, "read": "Supply-led" } ], "volume": { "latest": 435657, "relative_activity": 0.292673, "balance": 0.663635, "dry_up": 0.280093, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.138951, "annualized_volatility": 0.705431, "from_high_reference": -0.314545, "from_low_reference": 0.464078 }, "levels": { "trend_reference": 1.4372, "fair_value_reference": 1.908942, "structural_low": 1.03, "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": 3, "median_return": -0.130542, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.152347, "regime_survival": 0.333333, "best_return": -0.096122, "worst_return": -0.186577, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 2, "median_return": -0.198869, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.246375, "regime_survival": 0.0, "best_return": -0.159483, "worst_return": -0.238255, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": -0.325536, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.324758, "regime_survival": 0.0, "best_return": -0.16718, "worst_return": -0.483893, "sufficient": false }, { "horizon": "Full 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"label": "Balance", "color": "blue", "start": "2025-01-17", "end": "2025-02-21", "tenure": "Developing", "return": 0.270208, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-02-28", "end": "2025-03-28", "tenure": "Developing", "return": -0.123765, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-04", "end": "2025-04-18", "tenure": "New", "return": 0.013921, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-25", "end": "2025-06-27", "tenure": "Developing", "return": -0.112628, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-07-04", "end": "2025-08-15", "tenure": "Developing", "return": 0.287025, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-22", "end": "2025-09-05", "tenure": "New", "return": -0.118408, 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"volume": 413985, "typical_volume": 1585218.0, "trend": 1.438533, "fair_value": 1.932128, "relative_strength": -6.541274, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.617618, "energy": 23.852738, "activity_lines": [ 1.572533, 1.582982, 1.493, 1.453832 ] }, { "date": "2026-07-24", "close": 1.588, "volume": 394942, "typical_volume": 1565962.75, "trend": 1.439867, "fair_value": 1.924359, "relative_strength": -1.597241, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.335991, "energy": 24.131618, "activity_lines": [ 1.5732, 1.580364, 1.510371, 1.463475 ] }, { "date": "2026-07-31", "close": 1.552, "volume": 423140, "typical_volume": 1538674.55, "trend": 1.437733, "fair_value": 1.916968, "relative_strength": -4.776451, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 36.033086, "energy": 18.030781, "activity_lines": [ 1.5632, 1.573964, 1.523371, 1.47071 ] }, { "date": "2026-08-07", "close": 1.508, "volume": 435657, "typical_volume": 1488543.15, "trend": 1.4372, "fair_value": 1.908942, "relative_strength": -9.072915, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 33.378251, "energy": 16.260674, "activity_lines": [ 1.540133, 1.561164, 1.530743, 1.475243 ] } ], "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." } } }