{ "ticker": { "uuid": "a9b0cdd0-3907-4c0e-9dd1-d4943016037f", "symbol": "PI", "name": "Impinj 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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 67.003, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "up", "architecture_direction": 79.887, "architecture_energy": 67.128, "architecture_maturity": 36.0, "architecture_confidence": 85.877, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 27.77, "rotation_up": 67.61, "upward_expansion": 87.24, "deceleration": 45.48, "rotation_down": 15.39, "downward_expansion": 16.24 }, "activity_lines": [ 155.044, 146.538727, 141.265238, 134.613344 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 183.36, "trend_reference": 130.3105, "distance_from_trend": 0.407101, "trend_direction": "Weakening", "fair_value": 132.916186, "distance_from_fair_value": 0.379516, "fair_value_direction": "Improving", "relative_strength": 5.653182, "relative_strength_direction": "Improving", "price_momentum": 0.580145, "excess_performance": 0.392691, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.407101, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.064622, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.379516, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.188166, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.056532, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.181566, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.580145, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.925244, "read": "Demand-led" } ], "volume": { "latest": 2914878, "relative_activity": 1.330046, "balance": 1.925244, "dry_up": 1.083531, "accumulation_observations": 5, "distribution_observations": 1 }, "risk": { "range_context": 0.115118, "annualized_volatility": 0.746539, "from_high_reference": -0.257843, "from_low_reference": 1.098901 }, "levels": { "trend_reference": 130.3105, "fair_value_reference": 132.916186, "structural_low": 87.36, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 5, "median_return": -0.019809, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.076809, "regime_survival": 0.4, "best_return": 0.111061, "worst_return": -0.209143, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": 0.199137, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.181425, "regime_survival": 0.333333, "best_return": 0.643176, "worst_return": -0.224448, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": 0.152389, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.004511, "regime_survival": 0.5, "best_return": 0.506442, "worst_return": -0.201665, 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"trend": 132.117167, "fair_value": 131.539712, "relative_strength": -22.783041, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 12.505781, "energy": 10.62444, "activity_lines": [ 135.934, 135.427091, 133.793405, 130.004806 ] }, { "date": "2026-07-31", "close": 151.36, "volume": 3352725, "typical_volume": 2189349.45, "trend": 131.1705, "fair_value": 132.120737, "relative_strength": -8.453166, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 59.348019, "energy": 37.520564, "activity_lines": [ 140.783333, 138.088364, 136.147476, 131.24628 ] }, { "date": "2026-08-07", "close": 183.36, "volume": 2914878, "typical_volume": 2191561.1, "trend": 130.3105, "fair_value": 132.916186, "relative_strength": 5.653182, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 79.886919, "energy": 67.128118, "activity_lines": [ 155.044, 146.538727, 141.265238, 134.613344 ] } ], "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." } } }