{ "ticker": { "uuid": "cf47f0eb-7ad3-450f-a2f6-e76182f25a63", "symbol": "ENVX", "name": "Enovix Corp", "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": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -63.028, "architecture_energy": 68.717, "architecture_maturity": 23.092, "architecture_confidence": 84.88, "architecture_tenure": "New", "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": 24.2, "rotation_up": 9.28, "upward_expansion": 14.99, "deceleration": 37.57, "rotation_down": 74.14, "downward_expansion": 90.66 }, "activity_lines": [ 4.423333, 4.947091, 5.670619, 5.76572 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 4.7, "trend_reference": 5.977, "distance_from_trend": -0.213652, "trend_direction": "Weakening", "fair_value": 8.654467, "distance_from_fair_value": -0.456928, "fair_value_direction": "Weakening", "relative_strength": -45.603039, "relative_strength_direction": "Weakening", "price_momentum": -0.263323, "excess_performance": -0.450777, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.213652, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.129901, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.456928, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.163581, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.45603, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.105385, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.263323, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.580573, "read": "Supply-led" } ], "volume": { "latest": 23586409, "relative_activity": 0.772829, "balance": 0.580573, "dry_up": 0.965283, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.257694, "annualized_volatility": 0.696745, "from_high_reference": -0.669247, "from_low_reference": 0.280654 }, "levels": { "trend_reference": 5.977, "fair_value_reference": 8.654467, "structural_low": 3.67, "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": 22, "median_return": 0.085527, "positive_rate": 0.681818, "directional_follow_through": 0.318182, "median_excess_return": 0.033954, "regime_survival": 0.681818, "best_return": 1.291037, "worst_return": -0.274313, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": 0.137667, "positive_rate": 0.888889, "directional_follow_through": 0.111111, "median_excess_return": 0.095022, "regime_survival": 0.222222, "best_return": 0.805071, "worst_return": -0.314548, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.169184, "positive_rate": 0.428571, "directional_follow_through": 0.571429, "median_excess_return": -0.135897, "regime_survival": 0.428571, "best_return": 1.490909, "worst_return": -0.263398, "sufficient": true }, { 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"upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-01", "end": "2025-08-22", "tenure": "New", "return": -0.018216, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-29", "end": "2025-10-10", "tenure": "Developing", "return": 0.254678, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-17", "end": "2025-11-07", "tenure": "New", "return": -0.146744, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-14", "end": "2025-11-21", "tenure": "New", "return": -0.070317, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-28", "end": "2025-12-19", "tenure": "New", "return": 0.008986, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-26", "end": "2026-05-01", "tenure": "Established", "return": -0.112713, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-08", "end": "2026-05-29", "tenure": "New", "return": 0.207262, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-06-05", "end": "2026-06-26", "tenure": "New", "return": -0.182692, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-03", "end": "2026-07-17", "tenure": "New", "return": -0.119403, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": 0.189873, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 12.29375, "volume": 28090800, "typical_volume": 32953546.45, "trend": 11.656458, "fair_value": 13.736638, "relative_strength": -12.897716, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", 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"activity_lines": [ 5.297333, 5.942545, 6.168381, 6.145656 ] }, { "date": "2026-07-24", "close": 3.95, "volume": 27607415, "typical_volume": 30263692.7, "trend": 6.211, "fair_value": 8.78849, "relative_strength": -53.61571, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.853693, "energy": 74.427727, "activity_lines": [ 4.726667, 5.514909, 5.97, 5.991871 ] }, { "date": "2026-07-31", "close": 4.09, "volume": 37236977, "typical_volume": 30650103.0, "trend": 6.084333, "fair_value": 8.7147, "relative_strength": -51.220158, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.341922, "energy": 74.715455, "activity_lines": [ 4.411333, 5.152, 5.789238, 5.855032 ] }, { "date": "2026-08-07", "close": 4.7, "volume": 23586409, "typical_volume": 30519573.05, "trend": 5.977, "fair_value": 8.654467, "relative_strength": -45.603039, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.027973, "energy": 68.716697, "activity_lines": [ 4.423333, 4.947091, 5.670619, 5.76572 ] } ], "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." } } }