{ "ticker": { "uuid": "e9e1c105-77e0-49ee-9fa9-42436ea996bf", "symbol": "GMAB", "name": "Genmab AS", "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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 52.161, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Value reclamation", "architecture_gate": "mixed", "architecture_direction": 55.743, "architecture_energy": 66.036, "architecture_maturity": 12.95, "architecture_confidence": 62.943, "architecture_tenure": "New", "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": 20.48, "rotation_up": 77.04, "upward_expansion": 65.3, "deceleration": 18.45, "rotation_down": 16.72, "downward_expansion": 21.3 }, "activity_lines": [ 29.652, 28.663727, 27.715405, 27.615043 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 31.25, "trend_reference": 28.105833, "distance_from_trend": 0.111869, "trend_direction": "Weakening", "fair_value": 27.089583, "distance_from_fair_value": 0.15358, "fair_value_direction": "Improving", "relative_strength": -5.744538, "relative_strength_direction": "Improving", "price_momentum": 0.011327, "excess_performance": -0.176127, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.111869, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.045091, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.15358, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.212507, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.057445, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.136441, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.011327, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.334546, "read": "Demand-led" } ], "volume": { "latest": 13205974, "relative_activity": 1.435666, "balance": 2.334546, "dry_up": 1.109424, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.057582, "annualized_volatility": 0.279882, "from_high_reference": -0.117979, "from_low_reference": 0.48845 }, "levels": { "trend_reference": 28.105833, "fair_value_reference": 27.089583, "structural_low": 23.62, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 4, "median_return": 0.001191, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.039754, "regime_survival": 0.25, "best_return": 0.034026, "worst_return": -0.068924, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 3, "median_return": 0.097417, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.197566, "regime_survival": 0.0, "best_return": 0.336484, "worst_return": 0.014638, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.091241, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.148145, "regime_survival": 0.0, "best_return": 0.530246, "worst_return": -0.272018, "sufficient": false }, { "horizon": "Full cycle", 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"Established contraction", "gate": "down", "direction": 3.745378, "energy": 13.99828, "activity_lines": [ 27.536, 26.802818, 26.743643, 27.346333 ] }, { "date": "2026-07-17", "close": 28.72, "volume": 12130755, "typical_volume": 8916604.3, "trend": 28.456167, "fair_value": 27.269615, "relative_strength": -9.583105, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 3.912158, "energy": 23.712197, "activity_lines": [ 28.177, 27.200909, 26.92419, 27.355484 ] }, { "date": "2026-07-24", "close": 28.87, "volume": 6781772, "typical_volume": 8792808.95, "trend": 28.3045, "fair_value": 27.183878, "relative_strength": -7.664609, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 24.512955, "energy": 35.255427, "activity_lines": [ 28.625333, 27.584636, 27.122452, 27.382183 ] }, { "date": "2026-07-31", "close": 28.87, "volume": 8701653, "typical_volume": 8862189.35, "trend": 28.206167, "fair_value": 27.129135, "relative_strength": -8.265573, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 24.639883, "energy": 45.742119, "activity_lines": [ 28.833667, 27.926, 27.312095, 27.418667 ] }, { "date": "2026-08-07", "close": 31.25, "volume": 13205974, "typical_volume": 9198497.6, "trend": 28.105833, "fair_value": 27.089583, "relative_strength": -5.744538, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 55.743255, "energy": 66.036232, "activity_lines": [ 29.652, 28.663727, 27.715405, 27.615043 ] } ], "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." } } }