{ "ticker": { "uuid": "776dfb66-af44-47a1-87c5-67704546cb10", "symbol": "CHRS", "name": "Coherus BioSciences 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": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -69.382, "architecture_energy": 55.561, "architecture_maturity": 28.099, "architecture_confidence": 92.597, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 18.95, "rotation_up": 16.28, "upward_expansion": 10.23, "deceleration": 41.01, "rotation_down": 63.61, "downward_expansion": 85.89 }, "activity_lines": [ 1.370667, 1.411818, 1.493095, 1.553247 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 1.27, "trend_reference": 1.641333, "distance_from_trend": -0.226239, "trend_direction": "Improving", "fair_value": 1.727704, "distance_from_fair_value": -0.26492, "fair_value_direction": "Weakening", "relative_strength": -27.920159, "relative_strength_direction": "Weakening", "price_momentum": -0.406542, "excess_performance": -0.593996, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.226239, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.019884, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.26492, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.147468, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.279202, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.349176, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.406542, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.669687, "read": "Supply-led" } ], "volume": { "latest": 7416331, "relative_activity": 1.45542, "balance": 0.669687, "dry_up": 0.71357, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.167365, "annualized_volatility": 0.631212, "from_high_reference": -0.514489, "from_low_reference": 0.539394 }, "levels": { "trend_reference": 1.641333, "fair_value_reference": 1.727704, "structural_low": 1.131, "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": 37, "median_return": -0.037694, "positive_rate": 0.405405, "directional_follow_through": 0.594595, "median_excess_return": -0.046313, "regime_survival": 0.810811, "best_return": 1.163978, "worst_return": -0.378173, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 13, "median_return": -0.15331, "positive_rate": 0.461538, "directional_follow_through": 0.538462, "median_excess_return": -0.190138, "regime_survival": 0.538462, "best_return": 0.632089, "worst_return": -0.464444, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": -0.134268, "positive_rate": 0.375, "directional_follow_through": 0.625, "median_excess_return": -0.282861, "regime_survival": 0.625, "best_return": 0.772351, "worst_return": -0.526894, "sufficient": true }, { 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29.121567, "activity_lines": [ 1.490667, 1.500727, 1.581429, 1.625548 ] }, { "date": "2026-07-17", "close": 1.4, "volume": 2788527, "typical_volume": 5653446.9, "trend": 1.651333, "fair_value": 1.794691, "relative_strength": -16.72001, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.059265, "energy": 33.477694, "activity_lines": [ 1.466, 1.476364, 1.559762, 1.609419 ] }, { "date": "2026-07-24", "close": 1.41, "volume": 1977603, "typical_volume": 5417996.95, "trend": 1.654, "fair_value": 1.773024, "relative_strength": -14.911817, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.140699, "energy": 35.142545, "activity_lines": [ 1.444667, 1.460182, 1.540333, 1.593849 ] }, { "date": "2026-07-31", "close": 1.41, "volume": 2361997, "typical_volume": 5063830.45, "trend": 1.655333, "fair_value": 1.749563, "relative_strength": -15.684005, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.698735, "energy": 36.115926, "activity_lines": [ 1.428, 1.446909, 1.522857, 1.578108 ] }, { "date": "2026-08-07", "close": 1.27, "volume": 7416331, "typical_volume": 5095664.8, "trend": 1.641333, "fair_value": 1.727704, "relative_strength": -27.920159, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.382371, "energy": 55.561077, "activity_lines": [ 1.370667, 1.411818, 1.493095, 1.553247 ] } ], "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." } } }