{
  "ticker": {
    "uuid": "b16f8734-4091-49ae-8e78-1ffb3a8b97d8",
    "symbol": "KNSA",
    "name": "Kiniksa Pharmaceuticals 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": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 86.276,
    "architecture_energy": 88.526,
    "architecture_maturity": 32.0,
    "architecture_confidence": 80.678,
    "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": 8.54,
        "rotation_up": 82.54,
        "upward_expansion": 95.5,
        "deceleration": 43.33,
        "rotation_down": 9.63,
        "downward_expansion": 19.83
      },
      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 76.06,
    "trend_reference": 52.179667,
    "distance_from_trend": 0.457656,
    "trend_direction": "Improving",
    "fair_value": 29.743942,
    "distance_from_fair_value": 1.557159,
    "fair_value_direction": "Improving",
    "relative_strength": 44.597517,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.765143,
    "excess_performance": 0.577689,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.457656,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.149733,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 1.557159,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.306883,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.445975,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.175717,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.765143,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.556036,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 2551731,
      "relative_activity": 0.696454,
      "balance": 2.556036,
      "dry_up": 0.996527,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.080777,
      "annualized_volatility": 0.534665,
      "from_high_reference": -0.082952,
      "from_low_reference": 1.376875
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    "levels": {
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      "fair_value_reference": 29.743942,
      "structural_low": 41.12,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 28,
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        "positive_rate": 0.678571,
        "directional_follow_through": 0.678571,
        "median_excess_return": 0.017278,
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        "worst_return": -0.15323,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "worst_return": -0.117939,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
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        "sufficient": true
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        "horizon": "Full cycle",
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        "regime": "rotation_down",
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        "regime": "downward_expansion",
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        "regime": "balance",
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      },
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        "date": "2026-07-17",
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        "typical_volume": 3620828.2,
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        "fair_value": 28.725417,
        "relative_strength": 31.432324,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "direction": 73.746375,
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        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
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        "volume": 2280046,
        "typical_volume": 3511336.05,
        "trend": 49.988833,
        "fair_value": 29.006763,
        "relative_strength": 29.636559,
        "stage": 2,
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        "modifier": "Re-accelerating",
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        "energy": 81.028963,
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      },
      {
        "date": "2026-07-31",
        "close": 74.34,
        "volume": 7071952,
        "typical_volume": 3714325.55,
        "trend": 51.066667,
        "fair_value": 29.365994,
        "relative_strength": 50.475939,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 89.682855,
        "energy": 88.685821,
        "activity_lines": [
          67.088,
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      },
      {
        "date": "2026-08-07",
        "close": 76.06,
        "volume": 2551731,
        "typical_volume": 3663887.8,
        "trend": 52.179667,
        "fair_value": 29.743942,
        "relative_strength": 44.597517,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 86.275527,
        "energy": 88.525788,
        "activity_lines": [
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      }
    ],
    "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."
    }
  }
}