{ "ticker": { "uuid": "94c140ae-1355-4750-9674-24abdb5b77b0", "symbol": "FCX", "name": "Freeport-McMoran Copper & Gold Inc", "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": 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": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "up", "architecture_direction": 54.242, "architecture_energy": 23.722, "architecture_maturity": 17.581, "architecture_confidence": 63.167, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 47.91, "rotation_up": 39.35, "upward_expansion": 63.05, "deceleration": 65.08, "rotation_down": 26.49, "downward_expansion": 12.72 }, "activity_lines": [ 64.308294, 63.595888, 63.512925, 62.898206 ], "activity_state": "Compressed", "activity_direction": "Stable", "rotation_direction": "Stable", "price_acceptance": -0.333333 }, "latest_close": 69.62, "trend_reference": 62.173881, "distance_from_trend": 0.119763, "trend_direction": "Improving", "fair_value": 45.46789, "distance_from_fair_value": 0.53119, "fair_value_direction": "Improving", "relative_strength": 14.560799, "relative_strength_direction": "Improving", "price_momentum": 0.150025, "excess_performance": 0.0244, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.119763, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.103119, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.53119, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.107703, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.145608, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.01941, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.150025, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.568587, "read": "Demand-led" } ], "volume": { "latest": 66298752, "relative_activity": 0.918278, "balance": 1.568587, "dry_up": 0.991597, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.095055, "annualized_volatility": 0.508165, "from_high_reference": -0.03555, "from_low_reference": 0.997101 }, "levels": { "trend_reference": 62.173881, "fair_value_reference": 45.46789, "structural_low": 50.679346, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 12, "median_return": -0.000334, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.006651, "regime_survival": 0.166667, "best_return": 0.232756, "worst_return": -0.118403, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.037508, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.010633, "regime_survival": 0.125, "best_return": 0.46389, "worst_return": -0.172493, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.112349, "positive_rate": 0.833333, "directional_follow_through": 0.833333, "median_excess_return": 0.033387, "regime_survival": 0.166667, "best_return": 0.576333, "worst_return": -0.176603, "sufficient": true }, { "horizon": "Full cycle", 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"close": 62.6, "volume": 74141914, "typical_volume": 75225361.8, "trend": 61.364002, "fair_value": 45.13868, "relative_strength": 8.952603, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.659474, "energy": 13.622819, "activity_lines": [ 61.001114, 62.605137, 62.751882, 62.307416 ] }, { "date": "2026-07-31", "close": 62.63, "volume": 71517416, "typical_volume": 73796565.9, "trend": 61.72875, "fair_value": 45.277514, "relative_strength": 7.311258, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.236243, "energy": 9.860571, "activity_lines": [ 61.498262, 62.470876, 62.81472, 62.389093 ] }, { "date": "2026-08-07", "close": 69.62, "volume": 66298752, "typical_volume": 72198971.55, "trend": 62.173881, "fair_value": 45.46789, "relative_strength": 14.560799, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 54.242055, "energy": 23.721503, "activity_lines": [ 64.308294, 63.595888, 63.512925, 62.898206 ] } ], "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." } } }