{ "ticker": { "uuid": "adeab8f7-07f8-47b9-b379-4892a592ac14", "symbol": "NEOG", "name": "Neogen Corporation", "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": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Emerging rotation", "architecture_gate": "mixed", "architecture_direction": 48.562, "architecture_energy": 66.148, "architecture_maturity": 18.608, "architecture_confidence": 75.786, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 25.82, "rotation_up": 73.77, "upward_expansion": 63.63, "deceleration": 21.03, "rotation_down": 16.71, "downward_expansion": 21.96 }, "activity_lines": [ 10.924667, 10.325818, 9.788524, 9.688387 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 11.47, "trend_reference": 9.699, "distance_from_trend": 0.182596, "trend_direction": "Improving", "fair_value": 11.742212, "distance_from_fair_value": -0.023182, "fair_value_direction": "Improving", "relative_strength": 22.429848, "relative_strength_direction": "Improving", "price_momentum": 0.062037, "excess_performance": -0.125417, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.182596, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.118169, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.023182, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.262541, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.224298, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.167774, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.062037, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.80822, "read": "Demand-led" } ], "volume": { "latest": 15373110, "relative_activity": 1.334795, "balance": 1.80822, "dry_up": 1.006413, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.091359, "annualized_volatility": 0.530304, "from_high_reference": -0.107393, "from_low_reference": 1.340816 }, "levels": { "trend_reference": 9.699, "fair_value_reference": 11.742212, "structural_low": 8.16, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 6, "median_return": -0.051547, "positive_rate": 0.166667, "directional_follow_through": 0.166667, "median_excess_return": -0.062496, "regime_survival": 0.333333, "best_return": 0.108765, "worst_return": -0.196401, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": -0.039009, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.092921, "regime_survival": 0.0, "best_return": 0.583199, "worst_return": -0.262211, "sufficient": false }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.021735, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.194988, "regime_survival": 0.25, "best_return": 0.541195, "worst_return": -0.216967, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, 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"blue", "start": "2024-10-04", "end": "2024-10-18", "tenure": "New", "return": -0.037823, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-10-25", "end": "2024-11-08", "tenure": "New", "return": 0.175235, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-15", "end": "2024-12-06", "tenure": "New", "return": -0.121918, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-12-13", "end": "2025-09-05", "tenure": "Extended", "return": -0.526749, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-12", "end": "2025-10-17", "tenure": "Developing", "return": 0.069091, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-10-24", "end": "2025-10-31", "tenure": "New", "return": -0.003231, "active": false }, { "regime": "upward_expansion", 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"2026-07-24", "close": 9.4, "volume": 6524447, "typical_volume": 11211252.5, "trend": 9.469333, "fair_value": 11.882083, "relative_strength": 8.610857, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 16.564028, "energy": 29.578388, "activity_lines": [ 9.68, 9.504364, 9.317714, 9.404301 ] }, { "date": "2026-07-31", "close": 12.04, "volume": 16205520, "typical_volume": 11451091.95, "trend": 9.637333, "fair_value": 11.812917, "relative_strength": 36.475041, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 60.287777, "energy": 65.477668, "activity_lines": [ 10.479333, 9.995455, 9.587286, 9.570151 ] }, { "date": "2026-08-07", "close": 11.47, "volume": 15373110, "typical_volume": 11517207.35, "trend": 9.699, "fair_value": 11.742212, "relative_strength": 22.429848, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 48.562467, "energy": 66.148004, "activity_lines": [ 10.924667, 10.325818, 9.788524, 9.688387 ] } ], "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." } } }