{ "ticker": { "uuid": "70a6d092-176f-46a8-ae4c-e551ff3ea8c2", "symbol": "IIPR", "name": "Innovative Industrial Properties Inc", "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": "1c", "phase_label": "Stage 1C \u00b7 Breakout watch", "transition": "stage_1_to_2_watch", "transition_label": "Stage 1 \u2192 2 watch", "confidence": 60.343, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 45.349, "architecture_energy": 33.454, "architecture_maturity": 79.763, "architecture_confidence": 81.224, "architecture_tenure": "Established", "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": 27.8, "rotation_up": 38.15, "upward_expansion": 66.63, "deceleration": 84.84, "rotation_down": 26.63, "downward_expansion": 16.63 }, "activity_lines": [ 60.590667, 61.079542, 59.050345, 56.91407 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 59.16, "trend_reference": 53.995338, "distance_from_trend": 0.09565, "trend_direction": "Improving", "fair_value": 64.520871, "distance_from_fair_value": -0.083087, "fair_value_direction": "Improving", "relative_strength": 2.251245, "relative_strength_direction": "Improving", "price_momentum": 0.262095, "excess_performance": 0.13647, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.09565, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.088311, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.083087, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.049659, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.022512, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.013488, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.262095, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.751515, "read": "Demand-led" } ], "volume": { "latest": 1826382, "relative_activity": 1.052978, "balance": 2.751515, "dry_up": 0.938039, "accumulation_observations": 4, "distribution_observations": 0 }, "risk": { "range_context": 0.062663, "annualized_volatility": 0.325856, "from_high_reference": -0.095136, "from_low_reference": 0.432575 }, "levels": { "trend_reference": 53.995338, "fair_value_reference": 64.520871, "structural_low": 43.216029, 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"upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.388103, "energy": 70.518015, "activity_lines": [ 63.091884, 61.503042, 58.522282, 56.201513 ] }, { "date": "2026-07-31", "close": 58.81, "volume": 1564068, "typical_volume": 1722581.35, "trend": 53.648448, "fair_value": 64.53318, "relative_strength": 5.525889, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.640384, "energy": 48.20579, "activity_lines": [ 61.708, 61.290811, 58.788866, 56.558486 ] }, { "date": "2026-08-07", "close": 59.16, "volume": 1826382, "typical_volume": 1734491.45, "trend": 53.995338, "fair_value": 64.520871, "relative_strength": 2.251245, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.349023, "energy": 33.454372, "activity_lines": [ 60.590667, 61.079542, 59.050345, 56.91407 ] } ], "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." } } }