{ "ticker": { "uuid": "bae3c438-7709-4b3b-93a1-56c853dc74a6", "symbol": "FPMB", "name": "Freeport-McMoRan Inc.", "exchange": "GER", "country": "DE", "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": "^GDAXI", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "up", "architecture_direction": 61.138, "architecture_energy": 27.811, "architecture_maturity": 20.56, "architecture_confidence": 61.317, "architecture_tenure": "New", "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": 45.32, "rotation_up": 42.97, "upward_expansion": 65.92, "deceleration": 64.77, "rotation_down": 25.17, "downward_expansion": 10.92 }, "activity_lines": [ 55.831346, 55.347892, 55.055148, 54.3703 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 60.200001, "trend_reference": 53.490833, "distance_from_trend": 0.125426, "trend_direction": "Improving", "fair_value": 40.608778, "distance_from_fair_value": 0.482438, "fair_value_direction": "Improving", "relative_strength": 19.323307, "relative_strength_direction": "Weakening", "price_momentum": 0.170824, "excess_performance": 0.106184, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.125426, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.110692, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.482438, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.150677, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.193233, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.029972, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.170824, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.289287, "read": "Demand-led" } ], "volume": { "latest": 53275, "relative_activity": 2.050892, "balance": 1.289287, "dry_up": 1.298953, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.075496, "annualized_volatility": 0.452832, "from_high_reference": -0.02241, "from_low_reference": 1.029544 }, "levels": { "trend_reference": 53.490833, "fair_value_reference": 40.608778, "structural_low": 43.512255, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 14, "median_return": 0.009812, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.01678, "regime_survival": 0.428571, "best_return": 0.205269, "worst_return": -0.096492, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.096309, "positive_rate": 0.625, "directional_follow_through": 0.625, "median_excess_return": 0.066068, "regime_survival": 0.125, "best_return": 0.438145, "worst_return": -0.137449, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.115342, "positive_rate": 0.833333, "directional_follow_through": 0.833333, "median_excess_return": 0.051267, "regime_survival": 0.166667, "best_return": 0.428633, "worst_return": -0.213699, "sufficient": true }, { "horizon": 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"activity_lines": [ 53.319934, 54.672847, 54.275017, 53.668011 ] }, { "date": "2026-07-24", "close": 54.869999, "volume": 39198, "typical_volume": 26424.9, "trend": 52.72832, "fair_value": 40.351742, "relative_strength": 15.744785, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.598132, "energy": 18.27079, "activity_lines": [ 53.474437, 54.643256, 54.411086, 53.829814 ] }, { "date": "2026-07-31", "close": 53.99, "volume": 29372, "typical_volume": 25525.55, "trend": 53.084145, "fair_value": 40.457462, "relative_strength": 10.799536, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.26589, "energy": 12.051493, "activity_lines": [ 53.599973, 54.434937, 54.449039, 53.911213 ] }, { "date": "2026-08-07", "close": 60.200001, "volume": 53275, "typical_volume": 25976.5, "trend": 53.490833, "fair_value": 40.608778, "relative_strength": 19.323307, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 61.137973, "energy": 27.811382, "activity_lines": [ 55.831346, 55.347892, 55.055148, 54.3703 ] } ], "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." } } }