{
  "ticker": {
    "uuid": "b4b2b17a-14d0-4a22-bd4b-a377bab4827a",
    "symbol": "TRAW",
    "name": "Traws Pharma 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": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -67.139,
    "architecture_energy": 77.373,
    "architecture_maturity": 52.0,
    "architecture_confidence": 96,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 5.54,
        "rotation_up": 15.2,
        "upward_expansion": 18.53,
        "deceleration": 37.82,
        "rotation_down": 73.01,
        "downward_expansion": 96.53
      },
      "activity_lines": [
        0.535087,
        0.65744,
        0.969763,
        1.173228
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -1.0
    },
    "latest_close": 0.532,
    "trend_reference": 1.440537,
    "distance_from_trend": -0.630693,
    "trend_direction": "Weakening",
    "fair_value": 7.624206,
    "distance_from_fair_value": -0.930222,
    "fair_value_direction": "Weakening",
    "relative_strength": -72.804266,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.728571,
    "excess_performance": -0.916025,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.630693,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.20096,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.930222,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.15191,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.728043,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.732725,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.728571,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.011107,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 599665,
      "relative_activity": 0.079619,
      "balance": 0.011107,
      "dry_up": 0.081091,
      "accumulation_observations": 0,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.659919,
      "annualized_volatility": 1.206218,
      "from_high_reference": -0.83706,
      "from_low_reference": 0.236922
    },
    "levels": {
      "trend_reference": 1.440537,
      "fair_value_reference": 7.624206,
      "structural_low": 0.4301,
      "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": 43,
        "median_return": -0.076858,
        "positive_rate": 0.372093,
        "directional_follow_through": 0.627907,
        "median_excess_return": -0.087067,
        "regime_survival": 0.883721,
        "best_return": 0.321429,
        "worst_return": -0.429329,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 14,
        "median_return": -0.370377,
        "positive_rate": 0.142857,
        "directional_follow_through": 0.857143,
        "median_excess_return": -0.325369,
        "regime_survival": 0.714286,
        "best_return": 0.130178,
        "worst_return": -0.579224,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 8,
        "median_return": -0.438833,
        "positive_rate": 0.375,
        "directional_follow_through": 0.625,
        "median_excess_return": -0.285779,
        "regime_survival": 0.625,
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        "worst_return": -0.706462,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": -0.639768,
        "positive_rate": 0.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.71814,
        "regime_survival": 0.5,
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        "worst_return": -0.775806,
        "sufficient": false
      }
    ],
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        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-05-10",
        "tenure": "New",
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        "active": false
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      {
        "regime": "rotation_down",
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      },
      {
        "regime": "downward_expansion",
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        "color": "red",
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        "tenure": "Extended",
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      },
      {
        "regime": "deceleration",
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        "active": false
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      {
        "regime": "rotation_up",
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      },
      {
        "regime": "balance",
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        "tenure": "Developing",
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      },
      {
        "regime": "downward_expansion",
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      {
        "regime": "balance",
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      {
        "regime": "upward_expansion",
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      },
      {
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 7534204.1,
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        "fair_value": 7.930427,
        "relative_strength": -74.340475,
        "stage": 4,
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        "modifier": "Established contraction",
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        "energy": 75.085579,
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      },
      {
        "date": "2026-07-31",
        "close": 0.45,
        "volume": 516641,
        "typical_volume": 7516695.65,
        "trend": 1.46747,
        "fair_value": 7.774658,
        "relative_strength": -76.144037,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -73.009143,
        "energy": 74.954035,
        "activity_lines": [
          0.566873,
          0.722969,
          1.04002,
          1.233581
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      },
      {
        "date": "2026-08-07",
        "close": 0.532,
        "volume": 599665,
        "typical_volume": 7531716.6,
        "trend": 1.440537,
        "fair_value": 7.624206,
        "relative_strength": -72.804266,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.139181,
        "energy": 77.373015,
        "activity_lines": [
          0.535087,
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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."
    }
  }
}