{ "ticker": { "uuid": "a0531880-31ac-4d01-bd3e-496f613cd295", "symbol": "HSTM", "name": "HealthStream 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": "2a", "phase_label": "Stage 2A \u00b7 Early 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": "Early expansion", "architecture_gate": "up", "architecture_direction": 69.861, "architecture_energy": 54.582, "architecture_maturity": 55.147, "architecture_confidence": 84.008, "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": 6.79, "rotation_up": 58.85, "upward_expansion": 84.16, "deceleration": 64.29, "rotation_down": 24.04, "downward_expansion": 8.49 }, "activity_lines": [ 28.147, 27.779455, 26.216666, 24.904579 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.833333 }, "latest_close": 28.72, "trend_reference": 23.425638, "distance_from_trend": 0.226007, "trend_direction": "Improving", "fair_value": 26.606945, "distance_from_fair_value": 0.079417, "fair_value_direction": "Improving", "relative_strength": 2.859813, "relative_strength_direction": "Improving", "price_momentum": 0.433904, "excess_performance": 0.24645, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.226007, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.048965, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.079417, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.170874, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.028598, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.223876, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.433904, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.282366, "read": "Demand-led" } ], "volume": { "latest": 1232917, "relative_activity": 1.145434, "balance": 2.282366, "dry_up": 0.859809, "accumulation_observations": 4, "distribution_observations": 1 }, "risk": { "range_context": 0.072539, "annualized_volatility": 0.345333, "from_high_reference": -0.076824, "from_low_reference": 0.477289 }, "levels": { "trend_reference": 23.425638, "fair_value_reference": 26.606945, "structural_low": 19.441022, 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2.140312, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.804731, "energy": 62.268741, "activity_lines": [ 27.825667, 27.159091, 25.388927, 24.225107 ] }, { "date": "2026-07-31", "close": 28.04, "volume": 812309, "typical_volume": 1117980.95, "trend": 23.202743, "fair_value": 26.562018, "relative_strength": 5.255251, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.202671, "energy": 54.391476, "activity_lines": [ 27.916667, 27.445909, 25.788915, 24.548627 ] }, { "date": "2026-08-07", "close": 28.72, "volume": 1232917, "typical_volume": 1076375.7, "trend": 23.425638, "fair_value": 26.606945, "relative_strength": 2.859813, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.860521, "energy": 54.58234, "activity_lines": [ 28.147, 27.779455, 26.216666, 24.904579 ] } ], "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." } } }