{ "ticker": { "uuid": "9ea60f2e-1441-41d0-831e-26c2cc6d0c61", "symbol": "ELDN", "name": "Eledon 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": "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": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 29.946, "architecture_energy": 14.825, "architecture_maturity": 54.721, "architecture_confidence": 90.055, "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": 50.42, "rotation_up": 26.58, "upward_expansion": 55.7, "deceleration": 87.07, "rotation_down": 29.36, "downward_expansion": 19.37 }, "activity_lines": [ 3.646667, 3.722364, 3.71931, 3.541495 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 3.69, "trend_reference": 3.218167, "distance_from_trend": 0.146616, "trend_direction": "Improving", "fair_value": 2.756437, "distance_from_fair_value": 0.338685, "fair_value_direction": "Weakening", "relative_strength": 14.577291, "relative_strength_direction": "Weakening", "price_momentum": 0.684932, "excess_performance": 0.497478, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.146616, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.269577, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.338685, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.168235, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.145773, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.048994, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.684932, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.639914, "read": "Supply-led" } ], "volume": { "latest": 4762704, "relative_activity": 0.710635, "balance": 0.639914, "dry_up": 0.729257, "accumulation_observations": 0, "distribution_observations": 2 }, "risk": { "range_context": 0.131328, "annualized_volatility": 0.629541, "from_high_reference": -0.197826, "from_low_reference": 1.733333 }, "levels": { "trend_reference": 3.218167, "fair_value_reference": 2.756437, "structural_low": 1.98, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 17, "median_return": 0.007712, "positive_rate": 0.529412, "directional_follow_through": 0.529412, "median_excess_return": -0.032499, "regime_survival": 0.647059, "best_return": 0.401163, "worst_return": -0.622685, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": -0.023178, "positive_rate": 0.428571, "directional_follow_through": 0.428571, "median_excess_return": -0.045616, "regime_survival": 0.428571, "best_return": 0.843511, "worst_return": -0.490741, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.161145, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.018699, "regime_survival": 0.25, "best_return": 0.793893, "worst_return": -0.419426, "sufficient": false }, { "horizon": 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2.727264, "relative_strength": 17.035067, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.021093, "energy": 34.148093, "activity_lines": [ 3.827333, 3.803273, 3.7275, 3.488398 ] }, { "date": "2026-07-31", "close": 3.38, "volume": 5899497, "typical_volume": 7041859.75, "trend": 3.152833, "fair_value": 2.740668, "relative_strength": 10.46886, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 27.435243, "energy": 15.355039, "activity_lines": [ 3.672, 3.73, 3.710286, 3.506839 ] }, { "date": "2026-08-07", "close": 3.69, "volume": 4762704, "typical_volume": 6702041.9, "trend": 3.218167, "fair_value": 2.756437, "relative_strength": 14.577291, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 29.945822, "energy": 14.82546, "activity_lines": [ 3.646667, 3.722364, 3.71931, 3.541495 ] } ], "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." } } }