{ "ticker": { "uuid": "8c2744a1-ae90-415d-86bf-993508c43fec", "symbol": "DCTH", "name": "Delcath Systems Inc", "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": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 84.416, "architecture_energy": 57.199, "architecture_maturity": 59.292, "architecture_confidence": 71.627, "architecture_tenure": "Established", "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": 12.6, "rotation_up": 60.73, "upward_expansion": 78.53, "deceleration": 68.76, "rotation_down": 19.61, "downward_expansion": 7.53 }, "activity_lines": [ 13.314667, 12.972909, 12.219524, 11.594538 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Stable", "price_acceptance": 0.5 }, "latest_close": 15.11, "trend_reference": 10.895, "distance_from_trend": 0.386875, "trend_direction": "Improving", "fair_value": 9.324135, "distance_from_fair_value": 0.620526, "fair_value_direction": "Improving", "relative_strength": 24.301161, "relative_strength_direction": "Improving", "price_momentum": 0.612593, "excess_performance": 0.42514, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.386875, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.095746, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.620526, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.31331, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.243012, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.385457, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.612593, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.879208, "read": "Supply-led" } ], "volume": { "latest": 5653730, "relative_activity": 2.561234, "balance": 0.879208, "dry_up": 1.233786, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.082429, "annualized_volatility": 0.429581, "from_high_reference": -0.077252, "from_low_reference": 0.860837 }, "levels": { "trend_reference": 10.895, "fair_value_reference": 9.324135, "structural_low": 8.485, "invalidation": "A sustained 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"volume": 1733982, "typical_volume": 2073087.55, "trend": 10.596333, "fair_value": 9.144135, "relative_strength": 9.531202, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.896943, "energy": 78.817476, "activity_lines": [ 12.884, 12.331636, 11.626381, 11.106968 ] }, { "date": "2026-07-24", "close": 12.22, "volume": 1460930, "typical_volume": 2012139.4, "trend": 10.660333, "fair_value": 9.195032, "relative_strength": 6.468839, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.302236, "energy": 59.685273, "activity_lines": [ 12.714, 12.391455, 11.746714, 11.21172 ] }, { "date": "2026-07-31", "close": 12.22, "volume": 2045315, "typical_volume": 2011657.5, "trend": 10.736, "fair_value": 9.247532, "relative_strength": 6.060629, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.219627, "energy": 42.630868, "activity_lines": [ 12.508667, 12.430364, 11.852095, 11.312344 ] }, { "date": "2026-08-07", "close": 15.11, "volume": 5653730, "typical_volume": 2207424.3, "trend": 10.895, "fair_value": 9.324135, "relative_strength": 24.301161, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.416447, "energy": 57.198929, "activity_lines": [ 13.314667, 12.972909, 12.219524, 11.594538 ] } ], "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." } } }