{
  "ticker": {
    "uuid": "7320283f-cf55-4a8f-8ca9-fdf3016e091d",
    "symbol": "FRMM",
    "name": "Forum Markets, Incorporated",
    "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": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 59.653,
    "architecture_energy": 34.937,
    "architecture_maturity": 39.591,
    "architecture_confidence": 49.417,
    "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": 27.23,
        "rotation_up": 43.56,
        "upward_expansion": 70.7,
        "deceleration": 63.58,
        "rotation_down": 24.4,
        "downward_expansion": 8.7
      },
      "activity_lines": [
        5.683333,
        5.661091,
        5.264095,
        4.822452
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 6.02,
    "trend_reference": 4.437,
    "distance_from_trend": 0.356773,
    "trend_direction": "Weakening",
    "fair_value": 25.569871,
    "distance_from_fair_value": -0.764567,
    "fair_value_direction": "Improving",
    "relative_strength": -52.760535,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.739884,
    "excess_performance": 0.552431,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.356773,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.225001,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.764567,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.126045,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.527605,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.188256,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.739884,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.069148,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1471744,
      "relative_activity": 0.344276,
      "balance": 1.069148,
      "dry_up": 0.349523,
      "accumulation_observations": 0,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.185742,
      "annualized_volatility": 1.440431,
      "from_high_reference": -0.965521,
      "from_low_reference": 2.420455
    },
    "levels": {
      "trend_reference": 4.437,
      "fair_value_reference": 25.569871,
      "structural_low": 1.76,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 6,
        "median_return": -0.197076,
        "positive_rate": 0.166667,
        "directional_follow_through": 0.166667,
        "median_excess_return": -0.222511,
        "regime_survival": 0.5,
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        "worst_return": -0.471831,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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      },
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        "horizon": "Extended",
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      {
        "horizon": "Full cycle",
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        "date": "2026-05-15",
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      {
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      {
        "date": "2026-06-05",
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        "date": "2026-06-12",
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      },
      {
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "stage": 1,
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      },
      {
        "date": "2026-07-17",
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        "volume": 2097182,
        "typical_volume": 4376059.65,
        "trend": 4.375667,
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        "relative_strength": -60.003394,
        "stage": 1,
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        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 59.545939,
        "energy": 56.918494,
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          4.934333,
          4.58086
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      },
      {
        "date": "2026-07-24",
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        "volume": 1486143,
        "typical_volume": 4318078.2,
        "trend": 4.394,
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        "relative_strength": -57.191354,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 57.876427,
        "energy": 51.533644,
        "activity_lines": [
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          5.065762,
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      },
      {
        "date": "2026-07-31",
        "close": 5.16,
        "volume": 921632,
        "typical_volume": 4281337.8,
        "trend": 4.395667,
        "fair_value": 26.411371,
        "relative_strength": -59.39953,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 52.870323,
        "energy": 33.57689,
        "activity_lines": [
          5.58,
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          5.129381,
          4.717656
        ]
      },
      {
        "date": "2026-08-07",
        "close": 6.02,
        "volume": 1471744,
        "typical_volume": 4274894.85,
        "trend": 4.437,
        "fair_value": 25.569871,
        "relative_strength": -52.760535,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 59.653312,
        "energy": 34.93701,
        "activity_lines": [
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          5.264095,
          4.822452
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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."
    }
  }
}