{
  "ticker": {
    "uuid": "8e5d7b6f-961c-47d1-88c6-1f484b726a2f",
    "symbol": "LQDA",
    "name": "Liquidia Technologies 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": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 78.567,
    "architecture_energy": 68.508,
    "architecture_maturity": 72.844,
    "architecture_confidence": 89.312,
    "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": 3.29,
        "rotation_up": 70.58,
        "upward_expansion": 90.0,
        "deceleration": 62.55,
        "rotation_down": 21.09,
        "downward_expansion": 12.0
      },
      "activity_lines": [
        85.600667,
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        71.504429,
        63.022645
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 1.0
    },
    "latest_close": 90.22,
    "trend_reference": 53.459333,
    "distance_from_trend": 0.687638,
    "trend_direction": "Improving",
    "fair_value": 22.317756,
    "distance_from_fair_value": 3.042521,
    "fair_value_direction": "Improving",
    "relative_strength": 90.051749,
    "relative_strength_direction": "Improving",
    "price_momentum": 1.09619,
    "excess_performance": 0.908736,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.687638,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.401942,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 3.042521,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 1.531858,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.900517,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.635333,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 1.09619,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.86046,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 4389486,
      "relative_activity": 0.557487,
      "balance": 1.86046,
      "dry_up": 0.830061,
      "accumulation_observations": 4,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.112625,
      "annualized_volatility": 0.625111,
      "from_high_reference": -0.014742,
      "from_low_reference": 3.533668
    },
    "levels": {
      "trend_reference": 53.459333,
      "fair_value_reference": 22.317756,
      "structural_low": 29.1155,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 30,
        "median_return": 0.018593,
        "positive_rate": 0.633333,
        "directional_follow_through": 0.633333,
        "median_excess_return": 0.018592,
        "regime_survival": 0.733333,
        "best_return": 0.509662,
        "worst_return": -0.150508,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 12,
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        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
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        "regime_survival": 0.583333,
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        "worst_return": -0.221515,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
        "median_return": 0.364903,
        "positive_rate": 0.714286,
        "directional_follow_through": 0.714286,
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        "regime_survival": 0.428571,
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        "worst_return": -0.129663,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
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        "regime_survival": 0.25,
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        "worst_return": -0.029226,
        "sufficient": false
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        "end": "2024-10-25",
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      },
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        "regime": "balance",
        "label": "Balance",
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        "regime": "rotation_up",
        "label": "Rotation Up",
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      {
        "regime": "upward_expansion",
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        "regime": "deceleration",
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      },
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 8027118.1,
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        "fair_value": 20.795256,
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        "activity_lines": [
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        ]
      },
      {
        "date": "2026-07-24",
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        "typical_volume": 7976705.1,
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        "relative_strength": 102.56124,
        "stage": 2,
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      },
      {
        "date": "2026-07-31",
        "close": 84.11,
        "volume": 6361661,
        "typical_volume": 7912822.25,
        "trend": 51.647333,
        "fair_value": 21.785385,
        "relative_strength": 91.191988,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 71.648838,
        "energy": 66.288975,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 90.22,
        "volume": 4389486,
        "typical_volume": 7873703.65,
        "trend": 53.459333,
        "fair_value": 22.317756,
        "relative_strength": 90.051749,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 78.567328,
        "energy": 68.507591,
        "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."
    }
  }
}