{
  "ticker": {
    "uuid": "86977c03-7776-48b0-be7e-931154374cb2",
    "symbol": "T1CH34",
    "name": "Bio-Techne Corporation",
    "exchange": "SAO",
    "country": "BR",
    "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": "^BVSP",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 75.706,
    "architecture_energy": 90.443,
    "architecture_maturity": 19.885,
    "architecture_confidence": 88.21,
    "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": 19.87,
        "rotation_up": 77.0,
        "upward_expansion": 95.2,
        "deceleration": 44.71,
        "rotation_down": 11.21,
        "downward_expansion": 21.86
      },
      "activity_lines": [
        12.234,
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        10.701318,
        10.28445
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 12.43,
    "trend_reference": 10.158874,
    "distance_from_trend": 0.223561,
    "trend_direction": "Improving",
    "fair_value": 11.426228,
    "distance_from_fair_value": 0.087848,
    "fair_value_direction": "Improving",
    "relative_strength": 15.972606,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.038907,
    "excess_performance": 0.095955,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.223561,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.015833,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.087848,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.396678,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.159726,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.482622,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.038907,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.655673,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 2501,
      "relative_activity": 6.306897,
      "balance": 3.655673,
      "dry_up": 2.251292,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.043689,
      "annualized_volatility": 0.561456,
      "from_high_reference": -0.00903,
      "from_low_reference": 0.69346
    },
    "levels": {
      "trend_reference": 10.158874,
      "fair_value_reference": 11.426228,
      "structural_low": 7.34,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 12,
        "median_return": -0.0532,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.041296,
        "regime_survival": 0.5,
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        "worst_return": -0.172753,
        "sufficient": true
      },
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        "worst_return": -0.274612,
        "sufficient": true
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        "worst_return": -0.358713,
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        "relative_strength": -29.539506,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -71.090244,
        "energy": 49.120257,
        "activity_lines": [
          8.984517,
          9.003463,
          9.612866,
          10.001133
        ]
      },
      {
        "date": "2026-05-08",
        "close": 8.01975,
        "volume": 594,
        "typical_volume": 203.5,
        "trend": 10.342361,
        "fair_value": 11.603154,
        "relative_strength": -32.289556,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -77.302174,
        "energy": 56.307878,
        "activity_lines": [
          8.630969,
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          9.414099,
          9.845829
        ]
      },
      {
        "date": "2026-05-15",
        "close": 7.44,
        "volume": 424,
        "typical_volume": 224.7,
        "trend": 10.218833,
        "fair_value": 11.565142,
        "relative_strength": -34.286642,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -84.524016,
        "energy": 78.794137,
        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
        "close": 8.08,
        "volume": 1495,
        "typical_volume": 298.95,
        "trend": 10.101683,
        "fair_value": 11.531233,
        "relative_strength": -27.794606,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.258003,
        "energy": 79.962416,
        "activity_lines": [
          7.999754,
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          9.004964,
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        ]
      },
      {
        "date": "2026-05-29",
        "close": 8.56,
        "volume": 1286,
        "typical_volume": 363.25,
        "trend": 10.000534,
        "fair_value": 11.500401,
        "relative_strength": -22.026892,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.02658,
        "energy": 69.598851,
        "activity_lines": [
          8.135238,
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          9.421127
        ]
      },
      {
        "date": "2026-06-05",
        "close": 8.92,
        "volume": 50,
        "typical_volume": 354.3,
        "trend": 9.958241,
        "fair_value": 11.472193,
        "relative_strength": -16.047972,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -59.207829,
        "energy": 48.306732,
        "activity_lines": [
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          9.351415
        ]
      },
      {
        "date": "2026-06-12",
        "close": 9.23,
        "volume": 0,
        "typical_volume": 354.1,
        "trend": 9.908669,
        "fair_value": 11.45377,
        "relative_strength": -13.834571,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -39.068035,
        "energy": 24.000904,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-06-19",
        "close": 9.23,
        "volume": 0,
        "typical_volume": 354.1,
        "trend": 9.859097,
        "fair_value": 11.434523,
        "relative_strength": -12.182554,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -29.248046,
        "energy": 27.204273,
        "activity_lines": [
          9.002,
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          8.809108,
          9.260647
        ]
      },
      {
        "date": "2026-06-26",
        "close": 12.18,
        "volume": 1,
        "typical_volume": 354.15,
        "trend": 9.862289,
        "fair_value": 11.435834,
        "relative_strength": 12.577509,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 49.73882,
        "energy": 50.069987,
        "activity_lines": [
          10.127333,
          9.318296,
          9.097758,
          9.410382
        ]
      },
      {
        "date": "2026-07-03",
        "close": 12.38,
        "volume": 0,
        "typical_volume": 353.25,
        "trend": 9.901086,
        "fair_value": 11.438427,
        "relative_strength": 13.649767,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 54.109101,
        "energy": 80.951516,
        "activity_lines": [
          11.046,
          9.953065,
          9.404431,
          9.572815
        ]
      },
      {
        "date": "2026-07-10",
        "close": 12.16,
        "volume": 231,
        "typical_volume": 264.1,
        "trend": 9.944525,
        "fair_value": 11.439609,
        "relative_strength": 9.521099,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 44.563388,
        "energy": 80.125501,
        "activity_lines": [
          11.636667,
          10.480541,
          9.683894,
          9.718552
        ]
      },
      {
        "date": "2026-07-17",
        "close": 12.25,
        "volume": 209,
        "typical_volume": 273.25,
        "trend": 10.003602,
        "fair_value": 11.441369,
        "relative_strength": 13.10263,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 47.059672,
        "energy": 81.335462,
        "activity_lines": [
          12.041333,
          10.958727,
          9.961155,
          9.867292
        ]
      },
      {
        "date": "2026-07-24",
        "close": 12.1,
        "volume": 861,
        "typical_volume": 272.0,
        "trend": 10.05768,
        "fair_value": 11.435828,
        "relative_strength": 11.67101,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 40.226179,
        "energy": 78.90872,
        "activity_lines": [
          12.194667,
          11.332727,
          10.210931,
          10.002544
        ]
      },
      {
        "date": "2026-07-31",
        "close": 12.1,
        "volume": 0,
        "typical_volume": 271.6,
        "trend": 10.102777,
        "fair_value": 11.429971,
        "relative_strength": 9.639061,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 67.079951,
        "energy": 87.873114,
        "activity_lines": [
          12.156667,
          11.622,
          10.447794,
          10.134306
        ]
      },
      {
        "date": "2026-08-07",
        "close": 12.43,
        "volume": 2501,
        "typical_volume": 396.55,
        "trend": 10.158874,
        "fair_value": 11.426228,
        "relative_strength": 15.972606,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 75.705825,
        "energy": 90.442706,
        "activity_lines": [
          12.234,
          11.898182,
          10.701318,
          10.28445
        ]
      }
    ],
    "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."
    }
  }
}