{ "ticker": { "uuid": "84e01b67-8c74-45f3-addd-e5eaa6419abd", "symbol": "FBIOP", "name": "Fortress Biotech Inc Pref Series A", "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": 2, "stage_name": "Advancing", "phase": "2c", "phase_label": "Stage 2C \u00b7 Late advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 54.264, "architecture_energy": 41.034, "architecture_maturity": 79.0, "architecture_confidence": 96, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 24.72, "rotation_up": 37.22, "upward_expansion": 61.98, "deceleration": 88.18, "rotation_down": 27.69, "downward_expansion": 23.31 }, "activity_lines": [ 19.171333, 19.394371, 18.506945, 17.272533 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 19.88, "trend_reference": 15.661697, "distance_from_trend": 0.269339, "trend_direction": "Improving", "fair_value": 10.489465, "distance_from_fair_value": 0.895235, "fair_value_direction": "Improving", "relative_strength": 42.727089, "relative_strength_direction": "Improving", "price_momentum": 0.658048, "excess_performance": 0.470595, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.269339, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.325564, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.895235, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.561231, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.427271, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.250742, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.658048, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.386638, "read": "Demand-led" } ], "volume": { "latest": 72511, "relative_activity": 0.781621, "balance": 3.386638, "dry_up": 0.557728, "accumulation_observations": 5, "distribution_observations": 2 }, "risk": { "range_context": 0.070016, "annualized_volatility": 0.548655, "from_high_reference": -0.072329, "from_low_reference": 2.170654 }, "levels": { "trend_reference": 15.661697, "fair_value_reference": 10.489465, "structural_low": 10.62, "invalidation": "A 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"energy": 63.499588, "activity_lines": [ 19.694687, 19.440396, 17.508489, 16.187917 ] }, { "date": "2026-07-17", "close": 18.71, "volume": 36605, "typical_volume": 98228.65, "trend": 14.735363, "fair_value": 10.402649, "relative_strength": 46.24174, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.06987, "energy": 52.652815, "activity_lines": [ 19.27868, 19.476013, 17.756174, 16.464797 ] }, { "date": "2026-07-24", "close": 18.89, "volume": 37938, "typical_volume": 97239.75, "trend": 15.05203, "fair_value": 10.429623, "relative_strength": 47.724031, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.973462, "energy": 45.100411, "activity_lines": [ 19.056007, 19.449647, 18.000479, 16.732838 ] }, { "date": "2026-07-31", "close": 18.88, "volume": 59908, "typical_volume": 93881.3, "trend": 15.342697, "fair_value": 10.45518, "relative_strength": 44.62256, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.697616, "energy": 34.150375, "activity_lines": [ 18.908, 19.350918, 18.220402, 16.979804 ] }, { "date": "2026-08-07", "close": 19.88, "volume": 72511, "typical_volume": 92770.05, "trend": 15.661697, "fair_value": 10.489465, "relative_strength": 42.727089, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.264029, "energy": 41.033977, "activity_lines": [ 19.171333, 19.394371, 18.506945, 17.272533 ] } ], "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." } } }