{ "ticker": { "uuid": "f0f7e97b-995d-4dfa-9467-ede594723a0f", "symbol": "ZBH", "name": "Zimmer Biomet Holdings Inc", "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": 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": 57.819, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Structural repair", "architecture_gate": "mixed", "architecture_direction": 32.611, "architecture_energy": 43.187, "architecture_maturity": 7.958, "architecture_confidence": 62.21, "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": 28.55, "rotation_up": 64.05, "upward_expansion": 51.97, "deceleration": 17.6, "rotation_down": 17.04, "downward_expansion": 22.3 }, "activity_lines": [ 93.74, 92.077991, 89.777273, 89.786258 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 96.55, "trend_reference": 89.857985, "distance_from_trend": 0.074473, "trend_direction": "Weakening", "fair_value": 102.950738, "distance_from_fair_value": -0.062173, "fair_value_direction": "Improving", "relative_strength": -7.465376, "relative_strength_direction": "Improving", "price_momentum": 0.079543, "excess_performance": -0.046082, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.074473, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.000725, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.062173, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.167503, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.074654, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.146868, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.079543, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.22298, "read": "Demand-led" } ], "volume": { "latest": 16459558, "relative_activity": 1.449057, "balance": 2.22298, "dry_up": 1.154197, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.060557, "annualized_volatility": 0.282998, "from_high_reference": -0.099128, "from_low_reference": 0.223518 }, "levels": { "trend_reference": 89.857985, "fair_value_reference": 102.950738, "structural_low": 78.911789, "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": 6, "median_return": -0.015867, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": 0.004937, "regime_survival": 0.333333, "best_return": 0.06155, "worst_return": -0.074081, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": -0.074104, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.109615, "regime_survival": 0.0, "best_return": 0.086433, "worst_return": -0.14689, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.10462, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.137002, "regime_survival": 0.0, "best_return": -0.067477, "worst_return": -0.141863, "sufficient": false }, { "horizon": 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93.74, 92.077991, 89.777273, 89.786258 ] } ], "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." } } }