{ "ticker": { "uuid": "86feb23b-2711-4cd4-9888-7ef8a86355db", "symbol": "LAZ", "name": "Lazard Ltd", "exchange": "NYSE", "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": "SPY", "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": "Early contraction", "architecture_gate": "down", "architecture_direction": -35.573, "architecture_energy": 15.787, "architecture_maturity": 36.587, "architecture_confidence": 80.388, "architecture_tenure": "Developing", "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": 46.92, "rotation_up": 22.59, "upward_expansion": 12.45, "deceleration": 44.96, "rotation_down": 34.01, "downward_expansion": 62.45 }, "activity_lines": [ 43.091702, 42.665028, 43.778102, 44.247047 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 44.2, "trend_reference": 45.662711, "distance_from_trend": -0.032033, "trend_direction": "Weakening", "fair_value": 42.423794, "distance_from_fair_value": 0.041868, "fair_value_direction": "Weakening", "relative_strength": -17.782317, "relative_strength_direction": "Weakening", "price_momentum": -0.206469, "excess_performance": -0.332094, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.032033, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.045985, "read": "Falling" 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"trend": 46.479225, "fair_value": 42.101227, "relative_strength": -24.026089, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.554943, "energy": 60.445495, "activity_lines": [ 41.441259, 43.193548, 44.071467, 45.02964 ] }, { "date": "2026-07-17", "close": 42.666065, "volume": 8912728, "typical_volume": 8981579.6, "trend": 46.277487, "fair_value": 42.175267, "relative_strength": -18.989073, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.235041, "energy": 56.047084, "activity_lines": [ 41.653901, 42.86586, 43.92695, 44.78363 ] }, { "date": "2026-07-24", "close": 43.842447, "volume": 10482103, "typical_volume": 9165069.65, "trend": 46.103193, "fair_value": 42.257685, "relative_strength": -15.707524, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.600484, "energy": 30.667562, "activity_lines": [ 42.328932, 42.841092, 43.929658, 44.62653 ] }, { "date": "2026-07-31", "close": 41.894992, "volume": 10057366, "typical_volume": 8976175.45, "trend": 45.873791, "fair_value": 42.336097, "relative_strength": -19.835135, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.542504, "energy": 27.259053, "activity_lines": [ 42.385316, 42.487468, 43.748406, 44.355034 ] }, { "date": "2026-08-07", "close": 44.2, "volume": 7092432, "typical_volume": 8946508.0, "trend": 45.662711, "fair_value": 42.423794, "relative_strength": -17.782317, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.573419, "energy": 15.786532, "activity_lines": [ 43.091702, 42.665028, 43.778102, 44.247047 ] } ], "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." } } }