{
  "ticker": {
    "uuid": "cddcb5eb-dfb3-406c-83b5-793c002cbf3a",
    "symbol": "MIRM",
    "name": "Mirum Pharmaceuticals 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": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 61.31,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 23.362,
    "architecture_energy": 17.958,
    "architecture_maturity": 54.88,
    "architecture_confidence": 79.926,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 44.97,
        "rotation_up": 23.71,
        "upward_expansion": 57.14,
        "deceleration": 88.23,
        "rotation_down": 33.09,
        "downward_expansion": 20.81
      },
      "activity_lines": [
        108.399333,
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        108.219143,
        104.801978
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.166667
    },
    "latest_close": 100.65,
    "trend_reference": 101.274333,
    "distance_from_trend": -0.006165,
    "trend_direction": "Improving",
    "fair_value": 54.613109,
    "distance_from_fair_value": 0.842964,
    "fair_value_direction": "Weakening",
    "relative_strength": -0.797366,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.001792,
    "excess_performance": -0.185662,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.006165,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.1392,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.842964,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.400283,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.007974,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.21197,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.001792,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.662494,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 5794158,
      "relative_activity": 1.29576,
      "balance": 0.662494,
      "dry_up": 0.801817,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.11394,
      "annualized_volatility": 0.450262,
      "from_high_reference": -0.225769,
      "from_low_reference": 0.721101
    },
    "levels": {
      "trend_reference": 101.274333,
      "fair_value_reference": 54.613109,
      "structural_low": 84.33,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 13,
        "median_return": 0.08501,
        "positive_rate": 0.769231,
        "directional_follow_through": 0.769231,
        "median_excess_return": 0.028811,
        "regime_survival": 0.384615,
        "best_return": 0.209524,
        "worst_return": -0.220094,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": 0.077019,
        "positive_rate": 0.571429,
        "directional_follow_through": 0.571429,
        "median_excess_return": -0.075654,
        "regime_survival": 0.0,
        "best_return": 0.420785,
        "worst_return": -0.117224,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.070555,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": 0.196063,
        "regime_survival": 0.2,
        "best_return": 0.328699,
        "worst_return": -0.232213,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.017201,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.157405,
        "regime_survival": 0.0,
        "best_return": 0.858125,
        "worst_return": -0.087353,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-07-19",
        "end": "2024-09-27",
        "tenure": "Developing",
        "return": -0.016207,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-10-04",
        "end": "2024-11-15",
        "tenure": "Developing",
        "return": 0.133469,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-11-22",
        "end": "2025-01-03",
        "tenure": "Developing",
        "return": -0.043148,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-01-10",
        "end": "2025-01-24",
        "tenure": "New",
        "return": 0.15029,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-01-31",
        "end": "2025-03-28",
        "tenure": "Developing",
        "return": -0.059124,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-04-04",
        "end": "2025-04-18",
        "tenure": "New",
        "return": -0.069712,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2025-05-09",
        "tenure": "New",
        "return": 0.085049,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-06-27",
        "tenure": "Developing",
        "return": 0.135081,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-04",
        "end": "2025-10-24",
        "tenure": "Established",
        "return": 0.392048,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-12-26",
        "tenure": "Developing",
        "return": 0.090984,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2026-03-13",
        "tenure": "Developing",
        "return": 0.161266,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "return": 0.090611,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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      },
      {
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        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.0,
        "active": true
      }
    ],
    "chart_path": [
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 4595444.9,
        "trend": 98.75,
        "fair_value": 53.069071,
        "relative_strength": 24.680117,
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        "modifier": "Re-accelerating",
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        "energy": 78.385913,
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      },
      {
        "date": "2026-07-24",
        "close": 113.03,
        "volume": 3347896,
        "typical_volume": 4551040.0,
        "trend": 99.875667,
        "fair_value": 53.628301,
        "relative_strength": 19.261177,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "direction": 61.633603,
        "energy": 61.002363,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 105.95,
        "volume": 2706375,
        "typical_volume": 4480833.95,
        "trend": 100.805,
        "fair_value": 54.137917,
        "relative_strength": 10.265449,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 44.307456,
        "energy": 30.60994,
        "activity_lines": [
          113.886667,
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          108.495524,
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      },
      {
        "date": "2026-08-07",
        "close": 100.65,
        "volume": 5794158,
        "typical_volume": 4471629.0,
        "trend": 101.274333,
        "fair_value": 54.613109,
        "relative_strength": -0.797366,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 23.362034,
        "energy": 17.95836,
        "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."
    }
  }
}