{ "ticker": { "uuid": "ab5da8d0-97dd-4209-8510-70ad3dac23d5", "symbol": "LEGN", "name": "Legend Biotech\u00a0Corp", "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": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 75.327, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Momentum cooling", "architecture_gate": "mixed", "architecture_direction": -24.599, "architecture_energy": 40.762, "architecture_maturity": 40.45, "architecture_confidence": 73.975, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 38.87, "rotation_up": 14.12, "upward_expansion": 19.48, "deceleration": 57.52, "rotation_down": 67.59, "downward_expansion": 46.81 }, "activity_lines": [ 21.080667, 24.054, 25.667714, 24.524538 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 20.75, "trend_reference": 22.880667, "distance_from_trend": -0.093121, "trend_direction": "Improving", "fair_value": 40.799038, "distance_from_fair_value": -0.49141, "fair_value_direction": "Weakening", "relative_strength": -30.209249, "relative_strength_direction": "Weakening", "price_momentum": 0.21345, "excess_performance": 0.025997, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.093121, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.011643, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.49141, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.124905, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.302092, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.125317, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.21345, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.824842, "read": "Supply-led" } ], "volume": { "latest": 10997724, "relative_activity": 0.894039, "balance": 0.824842, "dry_up": 1.164132, "accumulation_observations": 2, "distribution_observations": 4 }, "risk": { "range_context": 0.231937, "annualized_volatility": 0.787576, "from_high_reference": -0.458962, "from_low_reference": 0.277709 }, "levels": { "trend_reference": 22.880667, "fair_value_reference": 40.799038, "structural_low": 16.7, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 7, "median_return": -0.071429, "positive_rate": 0.142857, "directional_follow_through": 0.142857, "median_excess_return": -0.013907, "regime_survival": 0.571429, "best_return": 0.053515, "worst_return": -0.116343, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": -0.133133, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.104394, "regime_survival": 0.0, "best_return": 0.117497, "worst_return": -0.288287, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.052737, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": 0.132063, "regime_survival": 0.0, "best_return": 0.042997, "worst_return": -0.119311, "sufficient": false }, { "horizon": "Full cycle", 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"Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-06-20", "tenure": "Developing", "return": 0.036585, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-27", "end": "2025-07-11", "tenure": "New", "return": 0.125036, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-18", "end": "2025-07-25", "tenure": "New", "return": 0.042558, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-01", "end": "2025-08-29", "tenure": "Developing", "return": -0.104897, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-05", "end": "2025-09-26", "tenure": "New", "return": -0.075111, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-10-03", "end": "2025-11-07", "tenure": "Developing", "return": -0.00811, "active": false 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"activity_lines": [ 28.856, 29.514727, 27.121238, 25.06828 ] }, { "date": "2026-07-17", "close": 22.26, "volume": 14677915, "typical_volume": 11241027.25, "trend": 23.084667, "fair_value": 41.812949, "relative_strength": -26.403697, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.621782, "energy": 16.605739, "activity_lines": [ 26.310667, 28.211091, 26.902238, 25.015806 ] }, { "date": "2026-07-24", "close": 22.22, "volume": 9048089, "typical_volume": 11250011.45, "trend": 23.074333, "fair_value": 41.465, "relative_strength": -23.850582, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.771664, "energy": 17.57875, "activity_lines": [ 24.659333, 27.006727, 26.663905, 24.960022 ] }, { "date": "2026-07-31", "close": 18.55, "volume": 22557032, "typical_volume": 12021713.7, "trend": 22.975667, "fair_value": 41.122949, "relative_strength": -35.514863, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -33.600067, "energy": 35.550538, "activity_lines": [ 22.165333, 25.232, 26.060571, 24.668129 ] }, { "date": "2026-08-07", "close": 20.75, "volume": 10997724, "typical_volume": 12301173.1, "trend": 22.880667, "fair_value": 40.799038, "relative_strength": -30.209249, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -24.599439, "energy": 40.76175, "activity_lines": [ 21.080667, 24.054, 25.667714, 24.524538 ] } ], "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." } } }