{ "ticker": { "uuid": "f1224815-cddd-4bfb-8dc3-fe2858461148", "symbol": "LGND", "name": "Ligand Pharmaceuticals Incorporated", "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": 2, "stage_name": "Advancing", "phase": "2c", "phase_label": "Stage 2C \u00b7 Late advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 49.435, "architecture_energy": 46.554, "architecture_maturity": 100.0, "architecture_confidence": 62.443, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 23.88, "rotation_up": 41.41, "upward_expansion": 67.5, "deceleration": 68.21, "rotation_down": 26.75, "downward_expansion": 19.83 }, "activity_lines": [ 296.034667, 296.901818, 274.002429, 256.24286 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 293.15, "trend_reference": 234.341333, "distance_from_trend": 0.250953, "trend_direction": "Improving", "fair_value": 132.838814, "distance_from_fair_value": 1.20681, "fair_value_direction": "Improving", "relative_strength": 21.801237, "relative_strength_direction": "Improving", "price_momentum": 0.53933, "excess_performance": 0.351876, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.250953, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.150251, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 1.20681, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.2967, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.218012, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.148985, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.53933, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.969901, "read": "Demand-led" } ], "volume": { "latest": 1425376, "relative_activity": 0.953507, "balance": 1.969901, "dry_up": 1.032177, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.081082, "annualized_volatility": 0.330864, "from_high_reference": -0.102501, "from_low_reference": 1.137597 }, "levels": { "trend_reference": 234.341333, "fair_value_reference": 132.838814, "structural_low": 178.72, 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"regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.047698, "energy": 87.485865, "activity_lines": [ 308.174667, 287.351273, 260.079619, 243.544065 ] }, { "date": "2026-07-24", "close": 300.53, "volume": 1396323, "typical_volume": 1483947.9, "trend": 228.210333, "fair_value": 129.975481, "relative_strength": 34.439477, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.16022, "energy": 81.324419, "activity_lines": [ 307.174667, 293.180545, 265.814667, 248.435011 ] }, { "date": "2026-07-31", "close": 287.54, "volume": 1644226, "typical_volume": 1488463.75, "trend": 231.458, "fair_value": 131.390545, "relative_strength": 26.60322, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.889185, "energy": 59.670964, "activity_lines": [ 300.134667, 295.060364, 269.842905, 252.262731 ] }, { "date": "2026-08-07", "close": 293.15, "volume": 1425376, "typical_volume": 1494876.85, "trend": 234.341333, "fair_value": 132.838814, "relative_strength": 21.801237, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.435415, "energy": 46.553715, "activity_lines": [ 296.034667, 296.901818, 274.002429, 256.24286 ] } ], "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." } } }