{
  "ticker": {
    "uuid": "a2e2b408-81c8-4e45-9b4c-807750556b31",
    "symbol": "URGN",
    "name": "UroGen Pharma Ltd",
    "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": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 88.958,
    "architecture_energy": 77.144,
    "architecture_maturity": 44.0,
    "architecture_confidence": 77.195,
    "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": 3.51,
        "rotation_up": 78.89,
        "upward_expansion": 89.43,
        "deceleration": 51.14,
        "rotation_down": 13.78,
        "downward_expansion": 13.76
      },
      "activity_lines": [
        41.979333,
        39.45,
        34.723476,
        31.140473
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 46.96,
    "trend_reference": 26.974,
    "distance_from_trend": 0.740936,
    "trend_direction": "Improving",
    "fair_value": 17.092981,
    "distance_from_fair_value": 1.747327,
    "fair_value_direction": "Improving",
    "relative_strength": 71.13663,
    "relative_strength_direction": "Improving",
    "price_momentum": 1.199532,
    "excess_performance": 1.012078,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.740936,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.193874,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 1.747327,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.824642,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.711366,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.393969,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 1.199532,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.561877,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 6423618,
      "relative_activity": 1.676113,
      "balance": 2.561877,
      "dry_up": 1.102111,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.096081,
      "annualized_volatility": 0.60601,
      "from_high_reference": -0.025524,
      "from_low_reference": 1.960908
    },
    "levels": {
      "trend_reference": 26.974,
      "fair_value_reference": 17.092981,
      "structural_low": 16.5,
      "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": -0.033195,
        "positive_rate": 0.411765,
        "directional_follow_through": 0.411765,
        "median_excess_return": -0.047774,
        "regime_survival": 0.647059,
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        "worst_return": -0.282293,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "sufficient": true
      },
      {
        "horizon": "Extended",
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        "directional_follow_through": 0.75,
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        "regime_survival": 0.25,
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        "worst_return": -0.020397,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
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        "directional_follow_through": 0.666667,
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        "worst_return": -0.338448,
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        "regime": "downward_expansion",
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      {
        "regime": "downward_expansion",
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        "date": "2026-05-01",
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        "typical_volume": 3708268.4,
        "trend": 21.189333,
        "fair_value": 15.179904,
        "relative_strength": 10.078747,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 20.532285,
        "energy": 30.251756,
        "activity_lines": [
          22.734667,
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          20.740238,
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      },
      {
        "date": "2026-05-08",
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        "typical_volume": 3788754.0,
        "trend": 21.613333,
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        "relative_strength": 31.739735,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 50.215208,
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 3946924.25,
        "trend": 22.007667,
        "fair_value": 15.401699,
        "relative_strength": 27.310101,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
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        "direction": 79.766319,
        "energy": 81.159938,
        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 3996411.45,
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        "relative_strength": 23.872361,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 74.331372,
        "energy": 81.318474,
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        ]
      },
      {
        "date": "2026-05-29",
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        "typical_volume": 3968542.35,
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        "relative_strength": 15.182792,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "direction": 65.86816,
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        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
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        "volume": 3349463,
        "typical_volume": 3883958.25,
        "trend": 22.714,
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        "relative_strength": 13.534145,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "direction": 62.822156,
        "energy": 64.937255,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 3882016.0,
        "trend": 22.912667,
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        "relative_strength": 21.559036,
        "stage": 2,
        "regime": "upward_expansion",
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      },
      {
        "date": "2026-06-19",
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        "stage": 2,
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      },
      {
        "date": "2026-06-26",
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        "typical_volume": 3850874.0,
        "trend": 23.360333,
        "fair_value": 16.148686,
        "relative_strength": 40.75784,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 79.360329,
        "energy": 72.764436,
        "activity_lines": [
          31.864667,
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          25.035957
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      },
      {
        "date": "2026-07-03",
        "close": 38.02,
        "volume": 3226133,
        "typical_volume": 3893447.25,
        "trend": 23.861667,
        "fair_value": 16.317147,
        "relative_strength": 51.20236,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 84.413058,
        "energy": 88.152793,
        "activity_lines": [
          34.350667,
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          28.100476,
          25.981742
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      },
      {
        "date": "2026-07-10",
        "close": 38.56,
        "volume": 4374712,
        "typical_volume": 3928091.85,
        "trend": 24.420333,
        "fair_value": 16.505417,
        "relative_strength": 48.408269,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 80.220105,
        "energy": 90.857666,
        "activity_lines": [
          36.357333,
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      },
      {
        "date": "2026-07-17",
        "close": 40.23,
        "volume": 4547749,
        "typical_volume": 3985202.1,
        "trend": 25.001333,
        "fair_value": 16.70375,
        "relative_strength": 58.948596,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 80.547033,
        "energy": 90.645321,
        "activity_lines": [
          38.14,
          34.975455,
          30.71719,
          27.95
        ]
      },
      {
        "date": "2026-07-24",
        "close": 40.97,
        "volume": 3104364,
        "typical_volume": 3740746.8,
        "trend": 25.599333,
        "fair_value": 16.821442,
        "relative_strength": 62.244368,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 78.001867,
        "energy": 89.791927,
        "activity_lines": [
          39.468667,
          36.473818,
          32.045667,
          28.980237
        ]
      },
      {
        "date": "2026-07-31",
        "close": 38.24,
        "volume": 2819404,
        "typical_volume": 3720277.2,
        "trend": 26.117,
        "fair_value": 16.934006,
        "relative_strength": 49.019536,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.982711,
        "energy": 75.036742,
        "activity_lines": [
          39.394,
          37.254182,
          33.016476,
          29.795763
        ]
      },
      {
        "date": "2026-08-07",
        "close": 46.96,
        "volume": 6423618,
        "typical_volume": 3832449.3,
        "trend": 26.974,
        "fair_value": 17.092981,
        "relative_strength": 71.13663,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 88.957656,
        "energy": 77.144,
        "activity_lines": [
          41.979333,
          39.45,
          34.723476,
          31.140473
        ]
      }
    ],
    "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."
    }
  }
}