{ "ticker": { "uuid": "e429d6fe-7827-4b93-a8c8-9b3c845cce10", "symbol": "SPHR", "name": "Sphere Entertainment Co.", "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": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 47.392, "architecture_energy": 24.735, "architecture_maturity": 73.258, "architecture_confidence": 96, "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": 36.11, "rotation_up": 29.71, "upward_expansion": 57.44, "deceleration": 88.21, "rotation_down": 31.16, "downward_expansion": 21.11 }, "activity_lines": [ 147.528, 150.520182, 146.59981, 139.767656 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 159.54, "trend_reference": 129.315, "distance_from_trend": 0.233732, "trend_direction": "Improving", "fair_value": 60.733718, "distance_from_fair_value": 1.626877, "fair_value_direction": "Improving", "relative_strength": 38.492474, "relative_strength_direction": "Weakening", "price_momentum": 0.711619, "excess_performance": 0.585994, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.233732, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.200704, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 1.626877, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.016857, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.384925, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.172611, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.711619, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.111715, "read": "Demand-led" } ], "volume": { "latest": 3961425, "relative_activity": 1.135835, "balance": 2.111715, "dry_up": 1.042607, "accumulation_observations": 6, "distribution_observations": 1 }, "risk": { "range_context": 0.097439, "annualized_volatility": 0.540986, "from_high_reference": -0.086254, "from_low_reference": 3.21061 }, "levels": { "trend_reference": 129.315, "fair_value_reference": 60.733718, "structural_low": 92.24, "invalidation": "A 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2753633, "typical_volume": 3695283.4, "trend": 125.540667, "fair_value": 59.289423, "relative_strength": 28.213743, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.110526, "energy": 22.581914, "activity_lines": [ 146.254, 149.488909, 143.975857, 136.536882 ] }, { "date": "2026-07-31", "close": 143.25, "volume": 5282176, "typical_volume": 3680755.05, "trend": 127.172333, "fair_value": 59.965962, "relative_strength": 31.128048, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.799028, "energy": 24.168355, "activity_lines": [ 143.289333, 148.649818, 144.601524, 137.679419 ] }, { "date": "2026-08-07", "close": 159.54, "volume": 3961425, "typical_volume": 3487677.15, "trend": 129.315, "fair_value": 60.733718, "relative_strength": 38.492474, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.392466, "energy": 24.73484, "activity_lines": [ 147.528, 150.520182, 146.59981, 139.767656 ] } ], "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." } } }