{ "ticker": { "uuid": "d69fd9ea-c0d6-4784-9d56-601dd1a6f72d", "symbol": "HCAT", "name": "Health Catalyst 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": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 60.809, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Emerging rotation", "architecture_gate": "up", "architecture_direction": 43.935, "architecture_energy": 29.497, "architecture_maturity": 31.732, "architecture_confidence": 44.747, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 42.52, "rotation_up": 42.42, "upward_expansion": 64.74, "deceleration": 62.78, "rotation_down": 21.77, "downward_expansion": 14.74 }, "activity_lines": [ 2.002667, 2.019818, 1.825566, 1.728284 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 1.73, "trend_reference": 1.711543, "distance_from_trend": 0.010784, "trend_direction": "Weakening", "fair_value": 5.365072, "distance_from_fair_value": -0.677544, "fair_value_direction": "Improving", "relative_strength": -31.397316, "relative_strength_direction": "Improving", "price_momentum": -0.195349, "excess_performance": -0.382802, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.010784, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.09011, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.677544, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.078408, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.313973, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.21899, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.195349, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.983739, "read": "Demand-led" } ], "volume": { "latest": 7446430, "relative_activity": 1.243204, "balance": 1.983739, "dry_up": 0.646212, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.216763, "annualized_volatility": 1.103745, "from_high_reference": -0.544737, "from_low_reference": 0.811331 }, "levels": { "trend_reference": 1.711543, "fair_value_reference": 5.365072, "structural_low": 0.955099, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 4, "median_return": -0.084006, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.084022, "regime_survival": 0.25, "best_return": 0.004808, "worst_return": -0.1875, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 3, "median_return": -0.346774, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.363186, "regime_survival": 0.0, "best_return": -0.080292, "worst_return": -0.450072, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.2822, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.372656, "regime_survival": 0.333333, "best_return": -0.00438, "worst_return": -0.323589, "sufficient": false }, { "horizon": "Full 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1.685228 ] }, { "date": "2026-07-24", "close": 2.08, "volume": 2524397, "typical_volume": 6008352.9, "trend": 1.742543, "fair_value": 5.511611, "relative_strength": -15.583296, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 36.766357, "energy": 57.436553, "activity_lines": [ 2.155333, 2.023091, 1.765102, 1.706268 ] }, { "date": "2026-07-31", "close": 2.09, "volume": 2362087, "typical_volume": 5895895.3, "trend": 1.73621, "fair_value": 5.436419, "relative_strength": -14.108669, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 34.289, "energy": 48.326412, "activity_lines": [ 2.145333, 2.061455, 1.81431, 1.728684 ] }, { "date": "2026-08-07", "close": 1.73, "volume": 7446430, "typical_volume": 5989709.6, "trend": 1.711543, "fair_value": 5.365072, "relative_strength": -31.397316, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 43.935291, "energy": 29.497263, "activity_lines": [ 2.002667, 2.019818, 1.825566, 1.728284 ] } ], "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." } } }