{ "ticker": { "uuid": "a19fea38-1ef7-45fd-bd1e-d50a43870858", "symbol": "ANIK", "name": "Anika Therapeutics 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": "2c", "phase_label": "Stage 2C \u00b7 Late 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": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 93.322, "architecture_energy": 92.908, "architecture_maturity": 30.0, "architecture_confidence": 77.136, "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": 15.34, "rotation_up": 82.83, "upward_expansion": 93.93, "deceleration": 44.68, "rotation_down": 8.32, "downward_expansion": 20.59 }, "activity_lines": [ 18.344667, 16.946364, 15.989762, 15.370366 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 21.42, "trend_reference": 14.180333, "distance_from_trend": 0.510543, "trend_direction": "Improving", "fair_value": 17.346218, "distance_from_fair_value": 0.234851, "fair_value_direction": "Improving", "relative_strength": 55.706688, "relative_strength_direction": "Improving", "price_momentum": 1.047801, "excess_performance": 0.860348, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.510543, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.176531, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.234851, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.420277, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.557067, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.431753, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 1.047801, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.758135, "read": "Demand-led" } ], "volume": { "latest": 893955, "relative_activity": 1.881871, "balance": 1.758135, "dry_up": 1.035867, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.071048, "annualized_volatility": 0.57639, "from_high_reference": -0.006032, "from_low_reference": 1.704545 }, "levels": { "trend_reference": 14.180333, "fair_value_reference": 17.346218, "structural_low": 9.8784, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 18, "median_return": 0.010063, "positive_rate": 0.611111, "directional_follow_through": 0.611111, "median_excess_return": 0.018648, "regime_survival": 0.777778, "best_return": 0.373077, "worst_return": -0.094961, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.068022, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.037531, "regime_survival": 0.5, "best_return": 0.399812, "worst_return": -0.364231, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.044367, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.109758, "regime_survival": 0.333333, "best_return": 0.125541, "worst_return": -0.343846, "sufficient": false }, { "horizon": "Full 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[ 14.722, 14.736364, 14.700619, 13.906129 ] }, { "date": "2026-07-03", "close": 15.36, "volume": 289900, "typical_volume": 536158.95, "trend": 12.882, "fair_value": 17.527051, "relative_strength": 17.264967, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.010635, "energy": 32.295107, "activity_lines": [ 14.958667, 14.837636, 14.80519, 14.078387 ] }, { "date": "2026-07-10", "close": 15.6, "volume": 405554, "typical_volume": 538276.05, "trend": 13.083333, "fair_value": 17.467179, "relative_strength": 16.844535, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.205023, "energy": 35.344045, "activity_lines": [ 15.22, 14.982727, 14.908095, 14.253742 ] }, { "date": "2026-07-17", "close": 15.25, "volume": 318761, "typical_volume": 498147.05, "trend": 13.272667, "fair_value": 17.4025, "relative_strength": 18.789069, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.384498, "energy": 34.683663, "activity_lines": [ 15.29, 15.050545, 14.954, 14.393527 ] }, { "date": "2026-07-24", "close": 14.95, "volume": 243040, "typical_volume": 468504.6, "trend": 13.452667, "fair_value": 17.344295, "relative_strength": 18.160501, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.576177, "energy": 31.194462, "activity_lines": [ 15.224667, 15.055091, 14.967095, 14.501742 ] }, { "date": "2026-07-31", "close": 19.28, "volume": 512538, "typical_volume": 461905.05, "trend": 13.783667, "fair_value": 17.326731, "relative_strength": 49.62632, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.290713, "energy": 76.58591, "activity_lines": [ 16.567333, 15.846182, 15.388619, 14.877699 ] }, { "date": "2026-08-07", "close": 21.42, "volume": 893955, "typical_volume": 475035.25, "trend": 14.180333, "fair_value": 17.346218, "relative_strength": 55.706688, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 93.321648, "energy": 92.907821, "activity_lines": [ 18.344667, 16.946364, 15.989762, 15.370366 ] } ], "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." } } }