{
  "ticker": {
    "uuid": "7e028bd6-4461-43aa-b377-5e93141660c0",
    "symbol": "NNOX",
    "name": "Nano X Imaging\u00a0Ltd",
    "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": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -66.089,
    "architecture_energy": 77.9,
    "architecture_maturity": 100.0,
    "architecture_confidence": 95.581,
    "architecture_tenure": "Extended",
    "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": 3.68,
        "rotation_up": 19.81,
        "upward_expansion": 18.84,
        "deceleration": 38.55,
        "rotation_down": 66.01,
        "downward_expansion": 94.51
      },
      "activity_lines": [
        1.013213,
        1.128158,
        1.41207,
        1.651485
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": -0.833333
    },
    "latest_close": 1.06,
    "trend_reference": 1.98687,
    "distance_from_trend": -0.466498,
    "trend_direction": "Weakening",
    "fair_value": 5.502667,
    "distance_from_fair_value": -0.807366,
    "fair_value_direction": "Weakening",
    "relative_strength": -66.432972,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.565574,
    "excess_performance": -0.753027,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.466498,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.25604,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.807366,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.06605,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.66433,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.053837,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.565574,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.592648,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 4672851,
      "relative_activity": 0.504651,
      "balance": 0.592648,
      "dry_up": 0.514916,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.296807,
      "annualized_volatility": 1.155225,
      "from_high_reference": -0.782787,
      "from_low_reference": 0.443552
    },
    "levels": {
      "trend_reference": 1.98687,
      "fair_value_reference": 5.502667,
      "structural_low": 0.7343,
      "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": 36,
        "median_return": 0.007651,
        "positive_rate": 0.527778,
        "directional_follow_through": 0.472222,
        "median_excess_return": -0.034011,
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        "best_return": 1.85905,
        "worst_return": -0.326425,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 13,
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        "positive_rate": 0.461538,
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        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
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        "regime_survival": 0.333333,
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        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "positive_rate": 0.333333,
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        "worst_return": -0.386963,
        "sufficient": false
      }
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      {
        "regime": "rotation_down",
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        "regime": "rotation_up",
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      {
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        "regime": "balance",
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      {
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      },
      {
        "date": "2026-07-24",
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        "fair_value": 5.626835,
        "relative_strength": -71.701366,
        "stage": 4,
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      },
      {
        "date": "2026-07-31",
        "close": 0.9799,
        "volume": 4148782,
        "typical_volume": 9182962.3,
        "trend": 2.050537,
        "fair_value": 5.560231,
        "relative_strength": -68.31775,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -71.2893,
        "energy": 86.586795,
        "activity_lines": [
          1.016287,
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          1.47598,
          1.715391
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      },
      {
        "date": "2026-08-07",
        "close": 1.06,
        "volume": 4672851,
        "typical_volume": 9259568.6,
        "trend": 1.98687,
        "fair_value": 5.502667,
        "relative_strength": -66.432972,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.088699,
        "energy": 77.900425,
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          1.013213,
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      }
    ],
    "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."
    }
  }
}