{ "ticker": { "uuid": "76f3efd1-be0c-4593-9eb5-e5d69c4511cd", "symbol": "CLNN", "name": "Clene 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": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -21.191, "architecture_energy": 41.605, "architecture_maturity": 6.815, "architecture_confidence": 76.924, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 38.64, "rotation_up": 18.15, "upward_expansion": 25.31, "deceleration": 48.11, "rotation_down": 61.02, "downward_expansion": 50.31 }, "activity_lines": [ 5.382667, 5.636636, 5.9155, 5.83572 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 5.28, "trend_reference": 5.618167, "distance_from_trend": -0.060192, "trend_direction": "Weakening", "fair_value": 6.386891, "distance_from_fair_value": -0.173307, "fair_value_direction": "Weakening", "relative_strength": -27.704249, "relative_strength_direction": "Weakening", "price_momentum": 0.230769, "excess_performance": 0.043316, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.060192, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.097628, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.173307, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.169425, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.277042, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.337402, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.230769, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.504163, "read": "Supply-led" } ], "volume": { "latest": 192364, "relative_activity": 0.115678, "balance": 0.504163, "dry_up": 0.179578, "accumulation_observations": 0, "distribution_observations": 0 }, "risk": { "range_context": 0.152717, "annualized_volatility": 0.609986, "from_high_reference": -0.608889, "from_low_reference": 0.508528 }, "levels": { "trend_reference": 5.618167, "fair_value_reference": 6.386891, "structural_low": 3.955, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 2, "median_return": -0.040456, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.018772, "regime_survival": 0.5, "best_return": 0.248252, "worst_return": -0.329163, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 1, "median_return": -0.044566, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.020919, "regime_survival": 0.0, "best_return": -0.044566, "worst_return": -0.044566, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": -0.019547, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.178749, "regime_survival": 0.0, "best_return": -0.019547, "worst_return": -0.019547, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": 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"2025-08-15", "tenure": "Developing", "return": -0.052356, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-22", "end": "2025-08-29", "tenure": "New", "return": -0.060071, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-05", "end": "2025-11-28", "tenure": "Established", "return": 0.718076, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-05", "end": "2026-01-02", "tenure": "Developing", "return": 0.0, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-01-09", "end": "2026-02-20", "tenure": "Developing", "return": -0.275215, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-02-27", "end": "2026-04-10", "tenure": "Developing", "return": 0.169378, "active": false }, { "regime": "balance", 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"balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.900119, "energy": 13.62318, "activity_lines": [ 6.119333, 6.151636, 6.137833, 5.911495 ] }, { "date": "2026-07-17", "close": 5.92, "volume": 379937, "typical_volume": 1680434.9, "trend": 5.709167, "fair_value": 6.565692, "relative_strength": -15.187471, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.788387, "energy": 8.850513, "activity_lines": [ 6.074, 6.075091, 6.133381, 5.923462 ] }, { "date": "2026-07-24", "close": 5.39, "volume": 289058, "typical_volume": 1679501.6, "trend": 5.6805, "fair_value": 6.50409, "relative_strength": -21.73905, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 2.423276, "energy": 5.571023, "activity_lines": [ 5.846667, 5.926909, 6.075143, 5.902871 ] }, { "date": "2026-07-31", "close": 5.015, "volume": 333145, "typical_volume": 1681596.2, "trend": 5.655333, "fair_value": 6.44484, "relative_strength": -27.715162, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.453148, "energy": 29.407113, "activity_lines": [ 5.535667, 5.742364, 5.981024, 5.859935 ] }, { "date": "2026-08-07", "close": 5.28, "volume": 192364, "typical_volume": 1662931.8, "trend": 5.618167, "fair_value": 6.386891, "relative_strength": -27.704249, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.190712, "energy": 41.605325, "activity_lines": [ 5.382667, 5.636636, 5.9155, 5.83572 ] } ], "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." } } }