{ "ticker": { "uuid": "b7e0116d-b0dc-4fee-b3b5-630a56f5d3f6", "symbol": "NVST", "name": "Envista Holdings Corp", "exchange": "NYSE", "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": "SPY", "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": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "mixed", "architecture_direction": 42.245, "architecture_energy": 41.734, "architecture_maturity": 20.598, "architecture_confidence": 68.475, "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": 35.85, "rotation_up": 60.43, "upward_expansion": 53.15, "deceleration": 29.86, "rotation_down": 20.48, "downward_expansion": 13.81 }, "activity_lines": [ 27.224667, 26.847091, 26.01681, 25.980796 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 28.15, "trend_reference": 26.005333, "distance_from_trend": 0.08247, "trend_direction": "Improving", "fair_value": 21.68641, "distance_from_fair_value": 0.298048, "fair_value_direction": "Improving", "relative_strength": 5.476296, "relative_strength_direction": "Improving", "price_momentum": -0.032646, "excess_performance": -0.158271, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.08247, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.070252, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.298048, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.214649, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.054763, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.083433, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.032646, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 2.455083, "read": "Demand-led" } ], "volume": { "latest": 23288974, "relative_activity": 1.627964, "balance": 2.455083, "dry_up": 1.065572, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.061429, "annualized_volatility": 0.309858, "from_high_reference": -0.074619, "from_low_reference": 0.499734 }, "levels": { "trend_reference": 26.005333, "fair_value_reference": 21.68641, "structural_low": 22.355, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 10, "median_return": 0.022914, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.020477, "regime_survival": 0.3, "best_return": 0.089513, "worst_return": -0.086022, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": 0.082276, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": 0.012202, "regime_survival": 0.0, "best_return": 0.140482, "worst_return": -0.186548, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.070325, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.01587, "regime_survival": 0.0, "best_return": 0.080085, "worst_return": 0.056766, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 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26.491333, 25.510727, 25.403429, 25.586516 ] }, { "date": "2026-07-17", "close": 26.74, "volume": 11491638, "typical_volume": 13663575.85, "trend": 25.522667, "fair_value": 21.814167, "relative_strength": 4.793277, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.111181, "energy": 38.065202, "activity_lines": [ 26.670667, 25.853455, 25.512524, 25.674645 ] }, { "date": "2026-07-24", "close": 26.33, "volume": 9976844, "typical_volume": 13592112.85, "trend": 25.667333, "fair_value": 21.760577, "relative_strength": 3.643008, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.726306, "energy": 32.653698, "activity_lines": [ 26.570667, 26.076182, 25.594333, 25.726731 ] }, { "date": "2026-07-31", "close": 27.31, "volume": 16217081, "typical_volume": 13721499.95, "trend": 25.854667, "fair_value": 21.719936, "relative_strength": 6.175568, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.412268, "energy": 20.262418, "activity_lines": [ 26.769333, 26.420545, 25.772, 25.83271 ] }, { "date": "2026-08-07", "close": 28.15, "volume": 23288974, "typical_volume": 14305582.3, "trend": 26.005333, "fair_value": 21.68641, "relative_strength": 5.476296, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 42.244611, "energy": 41.734065, "activity_lines": [ 27.224667, 26.847091, 26.01681, 25.980796 ] } ], "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." } } }