{ "ticker": { "uuid": "d374fbcb-cf75-4edd-8f0d-f103b950fd39", "symbol": "FCX", "name": "Freeport-McMoRan Inc.", "exchange": "MEX", "country": "MX", "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": "^MXX", "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": 58.921, "architecture_energy": 27.579, "architecture_maturity": 16.178, "architecture_confidence": 55.716, "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": 47.3, "rotation_up": 41.9, "upward_expansion": 63.73, "deceleration": 64.51, "rotation_down": 25.83, "downward_expansion": 13.4 }, "activity_lines": [ 1118.96154, 1108.217549, 1107.620054, 1098.81149 ], "activity_state": "Compressed", "activity_direction": "Stable", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 1198.0, "trend_reference": 1086.895527, "distance_from_trend": 0.102222, "trend_direction": "Improving", "fair_value": 839.753458, "distance_from_fair_value": 0.426609, "fair_value_direction": "Improving", "relative_strength": 21.725417, "relative_strength_direction": "Improving", "price_momentum": 0.145461, "excess_performance": 0.200128, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.102222, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.090778, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.426609, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.11332, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.217254, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.142688, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.145461, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.386365, "read": "Supply-led" } ], "volume": { "latest": 1372, "relative_activity": 0.311886, "balance": 0.386365, "dry_up": 0.268126, "accumulation_observations": 0, "distribution_observations": 1 }, "risk": { "range_context": 0.062134, "annualized_volatility": 0.457994, "from_high_reference": -0.014667, "from_low_reference": 0.824277 }, "levels": { "trend_reference": 1086.895527, "fair_value_reference": 839.753458, "structural_low": 917.883198, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 15, "median_return": 0.020699, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.016781, "regime_survival": 0.4, "best_return": 0.172859, "worst_return": -0.067464, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.086139, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.08144, "regime_survival": 0.125, "best_return": 0.358533, "worst_return": -0.077494, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.115491, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.03718, "regime_survival": 0.0, "best_return": 0.370033, "worst_return": -0.102866, "sufficient": true 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"direction": -13.370152, "energy": 21.309347, "activity_lines": [ 1065.522231, 1095.844685, 1095.820939, 1088.426764 ] }, { "date": "2026-07-24", "close": 1096.0, "volume": 833, "typical_volume": 4434.15, "trend": 1075.125316, "fair_value": 834.045547, "relative_strength": 13.409095, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.582413, "energy": 19.348341, "activity_lines": [ 1067.281749, 1094.029579, 1096.853023, 1090.092577 ] }, { "date": "2026-07-31", "close": 1093.0, "volume": 657, "typical_volume": 4406.95, "trend": 1080.731529, "fair_value": 836.551224, "relative_strength": 11.719661, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.30574, "energy": 13.538391, "activity_lines": [ 1076.030109, 1091.687201, 1097.436844, 1091.245782 ] }, { "date": "2026-08-07", "close": 1198.0, "volume": 1372, "typical_volume": 4399.05, "trend": 1086.895527, "fair_value": 839.753458, "relative_strength": 21.725417, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 58.921302, "energy": 27.579144, "activity_lines": [ 1118.96154, 1108.217549, 1107.620054, 1098.81149 ] } ], "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." } } }