{
  "ticker": {
    "uuid": "7931a8da-29c8-4dbe-a5df-c1d22aeb9af2",
    "symbol": "VYGR",
    "name": "Voyager Therapeutics 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": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "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": -60.173,
    "architecture_energy": 65.781,
    "architecture_maturity": 25.472,
    "architecture_confidence": 89.872,
    "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": 14.71,
        "rotation_up": 11.06,
        "upward_expansion": 14.67,
        "deceleration": 37.53,
        "rotation_down": 67.87,
        "downward_expansion": 88.0
      },
      "activity_lines": [
        3.17,
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        3.495952,
        3.604763
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 3.27,
    "trend_reference": 3.709167,
    "distance_from_trend": -0.1184,
    "trend_direction": "Weakening",
    "fair_value": 5.635128,
    "distance_from_fair_value": -0.419712,
    "fair_value_direction": "Weakening",
    "relative_strength": -27.691921,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.111413,
    "excess_performance": -0.298867,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.1184,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.061564,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.419712,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.067084,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.276919,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.154947,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.111413,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.61309,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 2512045,
      "relative_activity": 0.871212,
      "balance": 0.61309,
      "dry_up": 1.09283,
      "accumulation_observations": 1,
      "distribution_observations": 5
    },
    "risk": {
      "range_context": 0.127878,
      "annualized_volatility": 0.570376,
      "from_high_reference": -0.410811,
      "from_low_reference": 0.11414
    },
    "levels": {
      "trend_reference": 3.709167,
      "fair_value_reference": 5.635128,
      "structural_low": 2.935,
      "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": 27,
        "median_return": 0.006042,
        "positive_rate": 0.518519,
        "directional_follow_through": 0.481481,
        "median_excess_return": 0.015445,
        "regime_survival": 0.777778,
        "best_return": 0.386973,
        "worst_return": -0.301115,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 9,
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        "positive_rate": 0.555556,
        "directional_follow_through": 0.444444,
        "median_excess_return": -0.060438,
        "regime_survival": 0.333333,
        "best_return": 0.901361,
        "worst_return": -0.308057,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.023237,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
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        "regime_survival": 0.333333,
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        "worst_return": -0.379412,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
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        "directional_follow_through": 0.25,
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        "best_return": 0.680307,
        "worst_return": -0.311111,
        "sufficient": false
      }
    ],
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        "end": "2024-03-01",
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        "return": 0.118483,
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "tenure": "New",
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      },
      {
        "regime": "upward_expansion",
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      {
        "regime": "deceleration",
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      {
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      },
      {
        "date": "2026-07-17",
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        "volume": 4146406,
        "typical_volume": 3290902.25,
        "trend": 3.800167,
        "fair_value": 5.749679,
        "relative_strength": -27.806238,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.890925,
        "energy": 43.435483,
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          3.456667,
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          3.665667,
          3.727462
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      },
      {
        "date": "2026-07-24",
        "close": 3.1,
        "volume": 3386330,
        "typical_volume": 3325134.6,
        "trend": 3.7675,
        "fair_value": 5.711346,
        "relative_strength": -27.98953,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.89297,
        "energy": 59.006645,
        "activity_lines": [
          3.31,
          3.439636,
          3.601119,
          3.68229
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      },
      {
        "date": "2026-07-31",
        "close": 3.03,
        "volume": 2559435,
        "typical_volume": 2971936.1,
        "trend": 3.734167,
        "fair_value": 5.674038,
        "relative_strength": -29.794302,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -70.173035,
        "energy": 70.00383,
        "activity_lines": [
          3.181333,
          3.348727,
          3.533714,
          3.63471
        ]
      },
      {
        "date": "2026-08-07",
        "close": 3.27,
        "volume": 2512045,
        "typical_volume": 2883389.6,
        "trend": 3.709167,
        "fair_value": 5.635128,
        "relative_strength": -27.691921,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.173429,
        "energy": 65.781094,
        "activity_lines": [
          3.17,
          3.315455,
          3.495952,
          3.604763
        ]
      }
    ],
    "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."
    }
  }
}