{ "ticker": { "uuid": "7ee15975-5e97-4ab8-8123-e854d55d193d", "symbol": "ICLR", "name": "ICON PLC", "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": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 58.897, "architecture_energy": 46.618, "architecture_maturity": 43.399, "architecture_confidence": 57.836, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 25.78, "rotation_up": 47.13, "upward_expansion": 78.76, "deceleration": 69.08, "rotation_down": 25.46, "downward_expansion": 7.76 }, "activity_lines": [ 165.454, 164.802455, 151.2235, 141.272806 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 164.51, "trend_reference": 135.794167, "distance_from_trend": 0.211466, "trend_direction": "Weakening", "fair_value": 214.667436, "distance_from_fair_value": -0.233652, "fair_value_direction": "Improving", "relative_strength": -6.514362, "relative_strength_direction": "Improving", "price_momentum": 0.092436, "excess_performance": -0.095017, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.211466, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.036398, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.233652, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.204508, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.065144, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.255838, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.092436, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.410602, "read": "Demand-led" } ], "volume": { "latest": 3714830, "relative_activity": 0.724176, "balance": 1.410602, "dry_up": 0.828169, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.103292, "annualized_volatility": 0.881719, "from_high_reference": -0.193223, "from_low_reference": 1.471233 }, "levels": { "trend_reference": 135.794167, "fair_value_reference": 214.667436, "structural_low": 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71.050656, "activity_lines": [ 165.24, 154.396727, 137.698714, 133.877032 ] }, { "date": "2026-07-17", "close": 170.0, "volume": 2604643, "typical_volume": 5271539.95, "trend": 137.7625, "fair_value": 216.398494, "relative_strength": -1.126258, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 43.489759, "energy": 72.290948, "activity_lines": [ 168.385333, 159.015091, 141.90281, 135.948763 ] }, { "date": "2026-07-24", "close": 165.76, "volume": 3886966, "typical_volume": 5128468.0, "trend": 137.193333, "fair_value": 215.844776, "relative_strength": -1.344291, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 65.630605, "energy": 72.023412, "activity_lines": [ 168.529333, 162.035091, 145.408524, 137.755054 ] }, { "date": "2026-07-31", "close": 163.565, "volume": 6786691, "typical_volume": 5202110.6, "trend": 136.3565, "fair_value": 215.269231, "relative_strength": -2.696075, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.992988, "energy": 51.963242, "activity_lines": [ 166.624333, 163.758182, 148.426333, 139.456452 ] }, { "date": "2026-08-07", "close": 164.51, "volume": 3714830, "typical_volume": 5129731.6, "trend": 135.794167, "fair_value": 214.667436, "relative_strength": -6.514362, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.896641, "energy": 46.617939, "activity_lines": [ 165.454, 164.802455, 151.2235, 141.272806 ] } ], "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." } } }