{
  "ticker": {
    "uuid": "8c6e737f-5983-456d-8998-ea370b378370",
    "symbol": "BCRX",
    "name": "BioCryst Pharmaceuticals 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": "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": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 31.001,
    "architecture_energy": 15.929,
    "architecture_maturity": 51.166,
    "architecture_confidence": 87.14,
    "architecture_tenure": "Developing",
    "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": 53.32,
        "rotation_up": 28.59,
        "upward_expansion": 59.97,
        "deceleration": 87.68,
        "rotation_down": 28.51,
        "downward_expansion": 14.63
      },
      "activity_lines": [
        9.324667,
        9.432909,
        9.248143,
        9.082108
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.166667
    },
    "latest_close": 9.38,
    "trend_reference": 8.649,
    "distance_from_trend": 0.084518,
    "trend_direction": "Improving",
    "fair_value": 7.501154,
    "distance_from_fair_value": 0.250474,
    "fair_value_direction": "Improving",
    "relative_strength": 0.561511,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.470219,
    "excess_performance": 0.282766,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.084518,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.083065,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.250474,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.080389,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.005615,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.144826,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.470219,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.13109,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 20631935,
      "relative_activity": 0.890793,
      "balance": 2.13109,
      "dry_up": 0.720403,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.11332,
      "annualized_volatility": 0.505978,
      "from_high_reference": -0.163993,
      "from_low_reference": 0.563333
    },
    "levels": {
      "trend_reference": 8.649,
      "fair_value_reference": 7.501154,
      "structural_low": 6.26,
      "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": 14,
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        "positive_rate": 0.285714,
        "directional_follow_through": 0.285714,
        "median_excess_return": -0.095303,
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        "worst_return": -0.310174,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "regime_survival": 0.142857,
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        "worst_return": -0.388337,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
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        "sufficient": true
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      {
        "horizon": "Full cycle",
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        "worst_return": -0.621795,
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      },
      {
        "date": "2026-07-24",
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        "relative_strength": 5.358518,
        "stage": 2,
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      },
      {
        "date": "2026-07-31",
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        "typical_volume": 24774749.3,
        "trend": 8.583,
        "fair_value": 7.485705,
        "relative_strength": 0.946807,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 35.153557,
        "energy": 20.06038,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 9.38,
        "volume": 20631935,
        "typical_volume": 23161303.65,
        "trend": 8.649,
        "fair_value": 7.501154,
        "relative_strength": 0.561511,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 31.000737,
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        "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."
    }
  }
}