{ "ticker": { "uuid": "a896bef2-428f-4d83-96e1-95797cc058de", "symbol": "RILYG", "name": "B. Riley Financial Inc. 5.00% Senior Notes due 2026", "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": 76.528, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 59.554, "architecture_energy": 50.851, "architecture_maturity": 16.552, "architecture_confidence": 71.86, "architecture_tenure": "New", "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": 25.43, "rotation_up": 53.67, "upward_expansion": 78.36, "deceleration": 63.5, "rotation_down": 22.82, "downward_expansion": 7.36 }, "activity_lines": [ 24.473034, 24.345868, 24.240599, 23.909 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 24.45, "trend_reference": 23.449713, "distance_from_trend": 0.042657, "trend_direction": "Improving", "fair_value": 15.686039, "distance_from_fair_value": 0.558711, "fair_value_direction": "Weakening", "relative_strength": 0.926298, "relative_strength_direction": "Weakening", "price_momentum": 0.091944, "excess_performance": -0.09551, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.042657, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.097207, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.558711, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.04977, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.009263, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.086689, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.091944, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.13969, "read": "Demand-led" } ], "volume": { "latest": 30352, "relative_activity": 0.306956, "balance": 1.13969, "dry_up": 0.399818, "accumulation_observations": 0, "distribution_observations": 1 }, "risk": { "range_context": 0.017095, "annualized_volatility": 0.088277, "from_high_reference": -0.012121, "from_low_reference": 0.629074 }, "levels": { "trend_reference": 23.449713, "fair_value_reference": 15.686039, "structural_low": 21.453767, "invalidation": 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"activity_lines": [ 24.184899, 24.216886, 24.023293, 23.643194 ] }, { "date": "2026-07-24", "close": 24.3999, "volume": 47567, "typical_volume": 107756.95, "trend": 23.150977, "fair_value": 15.58161, "relative_strength": 6.74723, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.547641, "energy": 46.355558, "activity_lines": [ 24.26336, 24.240776, 24.095462, 23.735259 ] }, { "date": "2026-07-31", "close": 24.71, "volume": 49556, "typical_volume": 102620.85, "trend": 23.316034, "fair_value": 15.634529, "relative_strength": 7.291132, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.464173, "energy": 55.919437, "activity_lines": [ 24.435455, 24.320685, 24.186614, 23.835841 ] }, { "date": "2026-08-07", "close": 24.45, "volume": 30352, "typical_volume": 98880.6, "trend": 23.449713, "fair_value": 15.686039, "relative_strength": 0.926298, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.554382, "energy": 50.851204, "activity_lines": [ 24.473034, 24.345868, 24.240599, 23.909 ] } ], "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." } } }