{ "ticker": { "uuid": "e6dc4a71-29e3-43c6-8ed2-e55db4dcc6b9", "symbol": "TLSI", "name": "TriSalus Life Sciences 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": "1c", "phase_label": "Stage 1C \u00b7 Breakout watch", "transition": "stage_1_to_2_watch", "transition_label": "Stage 1 \u2192 2 watch", "confidence": 66.032, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "mixed", "architecture_direction": 37.333, "architecture_energy": 36.397, "architecture_maturity": 28.0, "architecture_confidence": 69.982, "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": 36.78, "rotation_up": 57.97, "upward_expansion": 44.02, "deceleration": 27.02, "rotation_down": 17.31, "downward_expansion": 19.02 }, "activity_lines": [ 4.772667, 4.562, 4.24919, 4.251516 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 5.61, "trend_reference": 4.385, "distance_from_trend": 0.279361, "trend_direction": "Weakening", "fair_value": 5.637821, "distance_from_fair_value": -0.004935, "fair_value_direction": "Improving", "relative_strength": 1.031691, "relative_strength_direction": "Improving", "price_momentum": 0.181053, "excess_performance": -0.006401, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.279361, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.121565, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.004935, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.23465, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.010317, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.282205, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.181053, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.013923, "read": "Demand-led" } ], "volume": { "latest": 1687514, "relative_activity": 0.928854, "balance": 1.013923, "dry_up": 0.601986, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.151272, "annualized_volatility": 0.988941, "from_high_reference": -0.29434, "from_low_reference": 1.55 }, "levels": { "trend_reference": 4.385, "fair_value_reference": 5.637821, "structural_low": 2.2, "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": 5, "median_return": -0.009766, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.012263, "regime_survival": 0.6, "best_return": 0.463511, "worst_return": -0.175542, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 2, "median_return": -0.075324, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.169893, "regime_survival": 0.0, "best_return": 0.0625, "worst_return": -0.213147, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": -0.058193, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.268437, "regime_survival": 0.5, "best_return": 0.009112, "worst_return": -0.125498, "sufficient": false }, { "horizon": "Full cycle", 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"color": "blue", "start": "2025-05-09", "end": "2025-07-18", "tenure": "Developing", "return": -0.083665, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-07-25", "end": "2025-10-17", "tenure": "Established", "return": 0.100877, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-24", "end": "2025-11-21", "tenure": "Developing", "return": -0.009766, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-11-28", "end": "2025-12-05", "tenure": "New", "return": 0.027656, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-12", "end": "2026-01-16", "tenure": "Developing", "return": -0.243669, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-01-23", "end": "2026-02-13", "tenure": "New", "return": -0.104779, "active": 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"stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 37.33334, "energy": 36.397387, "activity_lines": [ 4.772667, 4.562, 4.24919, 4.251516 ] } ], "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." } } }