{ "ticker": { "uuid": "7388c806-6af8-483e-bfe9-4089dbc8e7da", "symbol": "BIIB34", "name": "Biogen Inc.", "exchange": "SAO", "country": "BR", "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": "^BVSP", "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": 62.964, "architecture_energy": 53.032, "architecture_maturity": 20.99, "architecture_confidence": 93.198, "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": 26.65, "rotation_up": 52.28, "upward_expansion": 80.5, "deceleration": 56.31, "rotation_down": 22.41, "downward_expansion": 9.5 }, "activity_lines": [ 171.335998, 170.662545, 166.471952, 164.724387 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 172.0, "trend_reference": 162.517666, "distance_from_trend": 0.058346, "trend_direction": "Improving", "fair_value": 164.723846, "distance_from_fair_value": 0.044172, "fair_value_direction": "Improving", "relative_strength": 7.969242, "relative_strength_direction": "Improving", "price_momentum": 0.063041, "excess_performance": 0.120089, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.058346, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.023525, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.044172, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.11603, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.079692, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.131828, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.063041, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.673267, "read": "Demand-led" } ], "volume": { "latest": 0, "relative_activity": 0.0, "balance": 1.673267, "dry_up": 0.081911, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.028274, "annualized_volatility": 0.281477, "from_high_reference": -0.065725, "from_low_reference": 0.467076 }, "levels": { "trend_reference": 162.517666, "fair_value_reference": 164.723846, "structural_low": 148.350006, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 14, "median_return": -0.034699, "positive_rate": 0.285714, "directional_follow_through": 0.285714, "median_excess_return": -0.046741, "regime_survival": 0.571429, "best_return": 0.180534, "worst_return": -0.138502, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": -0.103271, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.084208, "regime_survival": 0.2, "best_return": 0.249177, "worst_return": -0.184624, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.122586, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.186412, "regime_survival": 0.0, "best_return": 0.120174, "worst_return": -0.321682, "sufficient": false }, { "horizon": "Full cycle", 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5.446222, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.706592, "energy": 20.512141, "activity_lines": [ 161.760002, 160.594002, 159.913286, 160.04372 ] }, { "date": "2026-06-26", "close": 162.080002, "volume": 0, "typical_volume": 60.45, "trend": 160.206333, "fair_value": 166.662435, "relative_strength": 2.516544, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.99374, "energy": 19.347496, "activity_lines": [ 162.080002, 161.192729, 160.01362, 160.163914 ] }, { "date": "2026-07-03", "close": 184.100006, "volume": 10, "typical_volume": 57.95, "trend": 160.828333, "fair_value": 166.377115, "relative_strength": 15.363366, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.140507, "energy": 79.412155, "activity_lines": [ 169.420003, 165.556366, 162.209763, 161.705441 ] }, { "date": "2026-07-10", "close": 170.339996, "volume": 301, "typical_volume": 72.95, "trend": 161.311666, "fair_value": 165.986025, "relative_strength": 4.478227, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.434202, "energy": 72.11945, "activity_lines": [ 170.705334, 166.856365, 163.039048, 162.319097 ] }, { "date": "2026-07-17", "close": 170.339996, "volume": 0, "typical_volume": 72.85, "trend": 161.755, "fair_value": 165.662179, "relative_strength": 6.758087, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.81044, "energy": 73.285789, "activity_lines": [ 171.439999, 167.964728, 163.864286, 162.90157 ] }, { "date": "2026-07-24", "close": 170.339996, "volume": 1, "typical_volume": 72.4, "trend": 161.982333, "fair_value": 165.338333, "relative_strength": 6.390669, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.524389, "energy": 75.441781, "activity_lines": [ 171.623998, 168.850181, 164.660857, 163.455441 ] }, { "date": "2026-07-31", "close": 172.0, "volume": 23, "typical_volume": 73.25, "trend": 162.348999, "fair_value": 165.031089, "relative_strength": 4.869582, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.827223, "energy": 61.713212, "activity_lines": [ 171.810665, 169.890181, 165.58881, 164.101742 ] }, { "date": "2026-08-07", "close": 172.0, "volume": 0, "typical_volume": 73.25, "trend": 162.517666, "fair_value": 164.723846, "relative_strength": 7.969242, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.964122, "energy": 53.03173, "activity_lines": [ 171.335998, 170.662545, 166.471952, 164.724387 ] } ], "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." } } }