{
  "ticker": {
    "uuid": "bcb67560-2ecc-4e50-a0b7-07e5a42bb64a",
    "symbol": "RCUS",
    "name": "Arcus Biosciences Inc",
    "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": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "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": 56.141,
    "architecture_energy": 35.526,
    "architecture_maturity": 50.278,
    "architecture_confidence": 62.123,
    "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": 25.35,
        "rotation_up": 42.98,
        "upward_expansion": 71.25,
        "deceleration": 69.67,
        "rotation_down": 24.86,
        "downward_expansion": 9.25
      },
      "activity_lines": [
        28.318667,
        28.213636,
        26.843238,
        25.641333
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 28.62,
    "trend_reference": 24.102333,
    "distance_from_trend": 0.187437,
    "trend_direction": "Improving",
    "fair_value": 16.870128,
    "distance_from_fair_value": 0.69649,
    "fair_value_direction": "Improving",
    "relative_strength": 20.699679,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.360913,
    "excess_performance": 0.235288,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.187437,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.074718,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.69649,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.142605,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.206997,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.146206,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.360913,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.322424,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 6503191,
      "relative_activity": 1.100259,
      "balance": 1.322424,
      "dry_up": 0.953763,
      "accumulation_observations": 3,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.107389,
      "annualized_volatility": 0.520293,
      "from_high_reference": -0.098157,
      "from_low_reference": 2.222973
    },
    "levels": {
      "trend_reference": 24.102333,
      "fair_value_reference": 16.870128,
      "structural_low": 18.515,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 16,
        "median_return": -0.054017,
        "positive_rate": 0.4375,
        "directional_follow_through": 0.4375,
        "median_excess_return": -0.072635,
        "regime_survival": 0.625,
        "best_return": 0.322603,
        "worst_return": -0.235867,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": 0.020437,
        "positive_rate": 0.571429,
        "directional_follow_through": 0.571429,
        "median_excess_return": -0.004688,
        "regime_survival": 0.285714,
        "best_return": 0.868924,
        "worst_return": -0.193627,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": -0.183792,
        "positive_rate": 0.2,
        "directional_follow_through": 0.2,
        "median_excess_return": -0.283219,
        "regime_survival": 0.0,
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        "worst_return": -0.491422,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "positive_rate": 0.0,
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        "best_return": -0.225356,
        "worst_return": -0.567267,
        "sufficient": false
      }
    ],
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        "color": "red",
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        "end": "2024-08-16",
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        "return": 0.032429,
        "active": false
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      {
        "regime": "balance",
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      {
        "regime": "upward_expansion",
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      },
      {
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        "regime": "downward_expansion",
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      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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      {
        "regime": "downward_expansion",
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        "regime": "balance",
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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      },
      {
        "date": "2026-07-17",
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 6003790.65,
        "trend": 23.685333,
        "fair_value": 16.744615,
        "relative_strength": 29.106673,
        "stage": 2,
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        "modifier": "Re-accelerating",
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        "direction": 60.705486,
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        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 28.19,
        "volume": 5790510,
        "typical_volume": 5960675.4,
        "trend": 23.848667,
        "fair_value": 16.803397,
        "relative_strength": 24.832709,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 55.609906,
        "energy": 39.208218,
        "activity_lines": [
          28.327333,
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          26.527476,
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 28.62,
        "volume": 6503191,
        "typical_volume": 5910601.75,
        "trend": 24.102333,
        "fair_value": 16.870128,
        "relative_strength": 20.699679,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 56.140987,
        "energy": 35.525929,
        "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."
    }
  }
}