{
  "ticker": {
    "uuid": "822d7872-e584-4d09-917b-78dbda387788",
    "symbol": "TNXP",
    "name": "Tonix Pharmaceuticals Holding Corp",
    "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": -52.896,
    "architecture_energy": 48.782,
    "architecture_maturity": 86.734,
    "architecture_confidence": 91.504,
    "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": 38.39,
        "rotation_up": 14.79,
        "upward_expansion": 9.46,
        "deceleration": 41.03,
        "rotation_down": 53.36,
        "downward_expansion": 78.13
      },
      "activity_lines": [
        11.148,
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        12.610796
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.333333
    },
    "latest_close": 12.03,
    "trend_reference": 13.504333,
    "distance_from_trend": -0.109175,
    "trend_direction": "Weakening",
    "fair_value": 395.448365,
    "distance_from_fair_value": -0.969579,
    "fair_value_direction": "Improving",
    "relative_strength": -40.500805,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.26377,
    "excess_performance": -0.451224,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.109175,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.114528,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.969579,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.013037,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.405008,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.114539,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.26377,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.278185,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1579014,
      "relative_activity": 0.676112,
      "balance": 1.278185,
      "dry_up": 1.033822,
      "accumulation_observations": 3,
      "distribution_observations": 3
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    "risk": {
      "range_context": 0.168306,
      "annualized_volatility": 0.734717,
      "from_high_reference": -0.828069,
      "from_low_reference": 0.279787
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    "levels": {
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      "structural_low": 9.4,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
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    "outcomes": [
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        "sample_count": 49,
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 2316131.85,
        "trend": 14.05,
        "fair_value": 457.036571,
        "relative_strength": -43.611668,
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        "energy": 16.029267,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
        "close": 9.88,
        "volume": 2753740,
        "typical_volume": 2373340.7,
        "trend": 13.837333,
        "fair_value": 435.151186,
        "relative_strength": -52.321598,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.165846,
        "energy": 37.977647,
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          11.640667,
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      },
      {
        "date": "2026-07-31",
        "close": 10.01,
        "volume": 2197841,
        "typical_volume": 2410344.2,
        "trend": 13.619333,
        "fair_value": 415.215353,
        "relative_strength": -50.182337,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.085399,
        "energy": 55.578958,
        "activity_lines": [
          10.950667,
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 12.03,
        "volume": 1579014,
        "typical_volume": 2335431.45,
        "trend": 13.504333,
        "fair_value": 395.448365,
        "relative_strength": -40.500805,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -52.895985,
        "energy": 48.782394,
        "activity_lines": [
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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."
    }
  }
}