{ "ticker": { "uuid": "9c44c245-65f3-492b-bf15-2ea6b899e404", "symbol": "BHVN", "name": "Biohaven Ltd.", "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": 1, "stage_name": "Basing", "phase": "1c", "phase_label": "Stage 1C \u00b7 Breakout watch", "transition": "stage_1_to_2_watch", "transition_label": "Stage 1 \u2192 2 watch", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 47.698, "architecture_energy": 35.183, "architecture_maturity": 71.116, "architecture_confidence": 59.523, "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": 32.47, "rotation_up": 41.46, "upward_expansion": 66.49, "deceleration": 65.22, "rotation_down": 24.79, "downward_expansion": 16.49 }, "activity_lines": [ 14.446, 14.567818, 13.100762, 12.281957 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 14.66, "trend_reference": 11.681333, "distance_from_trend": 0.254994, "trend_direction": "Improving", "fair_value": 27.079231, "distance_from_fair_value": -0.458626, "fair_value_direction": "Improving", "relative_strength": 6.150891, "relative_strength_direction": "Improving", "price_momentum": 0.263793, "excess_performance": 0.138168, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.254994, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.127397, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.458626, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.186307, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.061509, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.379098, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.263793, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.754963, "read": "Demand-led" } ], "volume": { "latest": 8440937, "relative_activity": 0.689632, "balance": 1.754963, "dry_up": 0.74384, "accumulation_observations": 5, "distribution_observations": 2 }, "risk": { "range_context": 0.141918, "annualized_volatility": 0.672155, "from_high_reference": -0.210372, "from_low_reference": 0.959893 }, "levels": { "trend_reference": 11.681333, "fair_value_reference": 27.079231, "structural_low": 8.03, 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expansion", "gate": "up", "direction": 85.249809, "energy": 88.526674, "activity_lines": [ 14.479333, 12.779455, 11.434143, 11.200237 ] }, { "date": "2026-07-10", "close": 15.55, "volume": 12939301, "typical_volume": 12847862.7, "trend": 11.215667, "fair_value": 27.252949, "relative_strength": 13.590814, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.315522, "energy": 86.034184, "activity_lines": [ 15.166667, 13.494909, 11.888762, 11.488516 ] }, { "date": "2026-07-17", "close": 15.44, "volume": 9348184, "typical_volume": 12896259.7, "trend": 11.368667, "fair_value": 27.188846, "relative_strength": 14.783303, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.058669, "energy": 83.429423, "activity_lines": [ 15.500667, 14.082727, 12.312333, 11.761054 ] }, { "date": "2026-07-24", "close": 14.32, "volume": 8973959, "typical_volume": 12796259.35, "trend": 11.474333, "fair_value": 27.158526, "relative_strength": 7.318363, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.918334, "energy": 67.66734, "activity_lines": [ 15.184, 14.365455, 12.610571, 11.951462 ] }, { "date": "2026-07-31", "close": 13.5, "volume": 9654642, "typical_volume": 12497082.75, "trend": 11.563, "fair_value": 27.118846, "relative_strength": 0.703419, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.483907, "energy": 44.623327, "activity_lines": [ 14.544, 14.398, 12.809762, 12.082151 ] }, { "date": "2026-08-07", "close": 14.66, "volume": 8440937, "typical_volume": 12239774.3, "trend": 11.681333, "fair_value": 27.079231, "relative_strength": 6.150891, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.69815, "energy": 35.183325, "activity_lines": [ 14.446, 14.567818, 13.100762, 12.281957 ] } ], "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." } } }