{
  "ticker": {
    "uuid": "90e83a5e-5a49-4be6-a760-db48574024c1",
    "symbol": "PHVS",
    "name": "Pharvaris BV",
    "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": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "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": 62.299,
    "architecture_energy": 40.484,
    "architecture_maturity": 100.0,
    "architecture_confidence": 78.104,
    "architecture_tenure": "Extended",
    "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": 14.39,
        "rotation_up": 49.87,
        "upward_expansion": 78.42,
        "deceleration": 65.73,
        "rotation_down": 23.91,
        "downward_expansion": 5.09
      },
      "activity_lines": [
        34.166,
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        32.524905,
        31.24914
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 34.91,
    "trend_reference": 29.684,
    "distance_from_trend": 0.176054,
    "trend_direction": "Improving",
    "fair_value": 22.431955,
    "distance_from_fair_value": 0.556262,
    "fair_value_direction": "Improving",
    "relative_strength": 12.739753,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.321347,
    "excess_performance": 0.133894,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.176054,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.100794,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.556262,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.113077,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.127398,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.0706,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.321347,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.518056,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 2161476,
      "relative_activity": 1.185038,
      "balance": 1.518056,
      "dry_up": 0.923975,
      "accumulation_observations": 5,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.089604,
      "annualized_volatility": 0.288873,
      "from_high_reference": -0.046175,
      "from_low_reference": 0.784765
    },
    "levels": {
      "trend_reference": 29.684,
      "fair_value_reference": 22.431955,
      "structural_low": 24.95,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 23,
        "median_return": 0.036675,
        "positive_rate": 0.652174,
        "directional_follow_through": 0.652174,
        "median_excess_return": 0.020775,
        "regime_survival": 0.782609,
        "best_return": 0.343373,
        "worst_return": -0.167192,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
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        "regime_survival": 0.428571,
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        "worst_return": -0.151351,
        "sufficient": true
      },
      {
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        "regime_survival": 0.4,
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        "worst_return": -0.277628,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
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        "worst_return": 0.157248,
        "sufficient": false
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        "regime": "downward_expansion",
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        "regime": "downward_expansion",
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        "date": "2026-05-01",
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        "date": "2026-05-15",
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      },
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        "date": "2026-06-12",
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      },
      {
        "date": "2026-06-26",
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        "energy": 61.761949,
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      },
      {
        "date": "2026-07-03",
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        "relative_strength": 13.45744,
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        "modifier": "Established expansion",
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      },
      {
        "date": "2026-07-10",
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        "trend": 28.586667,
        "fair_value": 22.010032,
        "relative_strength": 15.27026,
        "stage": 2,
        "regime": "upward_expansion",
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        "gate": "up",
        "direction": 73.221987,
        "energy": 72.555469,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 34.94,
        "volume": 1329884,
        "typical_volume": 1661908.25,
        "trend": 28.898333,
        "fair_value": 22.128045,
        "relative_strength": 19.352446,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.534071,
        "energy": 71.212676,
        "activity_lines": [
          34.492,
          33.254182,
          31.514143,
          30.330452
        ]
      },
      {
        "date": "2026-07-24",
        "close": 34.17,
        "volume": 1439538,
        "typical_volume": 1695359.7,
        "trend": 29.178667,
        "fair_value": 22.238686,
        "relative_strength": 17.894242,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.537652,
        "energy": 60.382913,
        "activity_lines": [
          34.503333,
          33.599091,
          31.914429,
          30.670559
        ]
      },
      {
        "date": "2026-07-31",
        "close": 32.62,
        "volume": 1810319,
        "typical_volume": 1746216.6,
        "trend": 29.383333,
        "fair_value": 22.327147,
        "relative_strength": 11.36648,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 58.308251,
        "energy": 42.715493,
        "activity_lines": [
          33.906667,
          33.593636,
          32.127762,
          30.892581
        ]
      },
      {
        "date": "2026-08-07",
        "close": 34.91,
        "volume": 2161476,
        "typical_volume": 1823971.8,
        "trend": 29.684,
        "fair_value": 22.431955,
        "relative_strength": 12.739753,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.299479,
        "energy": 40.484225,
        "activity_lines": [
          34.166,
          33.951091,
          32.524905,
          31.24914
        ]
      }
    ],
    "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."
    }
  }
}