{ "ticker": { "uuid": "7b82c2aa-bad8-40be-b2bd-6e4e51d20690", "symbol": "HLNE", "name": "Hamilton Lane 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": "4c", "phase_label": "Stage 4C \u00b7 Repair watch", "transition": "stage_4_to_1_watch", "transition_label": "Stage 4 \u2192 1 repair watch", "confidence": 74.104, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": 11.209, "architecture_energy": 18.642, "architecture_maturity": 100.0, "architecture_confidence": 60.581, "architecture_tenure": "Established", "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": 62.2, "rotation_up": 39.3, "upward_expansion": 30.53, "deceleration": 49.87, "rotation_down": 14.24, "downward_expansion": 41.19 }, "activity_lines": [ 90.870667, 86.522118, 86.283115, 89.797163 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.166667 }, "latest_close": 101.03, "trend_reference": 98.589429, "distance_from_trend": 0.024755, "trend_direction": "Weakening", "fair_value": 124.073648, "distance_from_fair_value": -0.185726, "fair_value_direction": "Improving", "relative_strength": -22.936857, "relative_strength_direction": "Improving", "price_momentum": -0.223208, "excess_performance": -0.410661, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.024755, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.135273, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.185726, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.097754, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.229369, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.206322, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.223208, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.978504, "read": "Supply-led" } ], "volume": { "latest": 5005675, "relative_activity": 1.15389, "balance": 0.978504, "dry_up": 0.892903, "accumulation_observations": 1, "distribution_observations": 4 }, "risk": { "range_context": 0.09197, "annualized_volatility": 0.481411, "from_high_reference": -0.36015, "from_low_reference": 0.405537 }, "levels": { "trend_reference": 98.589429, "fair_value_reference": 124.073648, 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"energy": 30.19172, "activity_lines": [ 82.650667, 81.988788, 84.962156, 90.558235 ] }, { "date": "2026-07-31", "close": 88.91, "volume": 4181838, "typical_volume": 4255456.45, "trend": 100.101171, "fair_value": 123.991516, "relative_strength": -29.65882, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.988713, "energy": 19.478562, "activity_lines": [ 85.112, 83.146765, 85.029493, 89.737238 ] }, { "date": "2026-08-07", "close": 101.03, "volume": 5005675, "typical_volume": 4338088.1, "trend": 98.589429, "fair_value": 124.073648, "relative_strength": -22.936857, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 11.208891, "energy": 18.641873, "activity_lines": [ 90.870667, 86.522118, 86.283115, 89.797163 ] } ], "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." } } }