{ "ticker": { "uuid": "f22c9666-cdb5-4ff3-9539-3ca4f4fe7e65", "symbol": "SGRY", "name": "Surgery Partners 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": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 40.49, "architecture_energy": 25.171, "architecture_maturity": 43.453, "architecture_confidence": 71.027, "architecture_tenure": "New", "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": 44.57, "rotation_up": 34.34, "upward_expansion": 62.22, "deceleration": 87.62, "rotation_down": 24.1, "downward_expansion": 14.56 }, "activity_lines": [ 15.654667, 15.772364, 15.137905, 14.712688 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 15.53, "trend_reference": 14.483667, "distance_from_trend": 0.072242, "trend_direction": "Weakening", "fair_value": 23.447179, "distance_from_fair_value": -0.33766, "fair_value_direction": "Improving", "relative_strength": -18.853847, "relative_strength_direction": "Improving", "price_momentum": 0.14528, "excess_performance": -0.042173, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.072242, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.022035, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.33766, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.095635, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.188538, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.166604, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.14528, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.623938, "read": "Supply-led" } ], "volume": { "latest": 8286568, "relative_activity": 1.230622, "balance": 0.623938, "dry_up": 1.179673, "accumulation_observations": 3, "distribution_observations": 4 }, "risk": { "range_context": 0.09171, "annualized_volatility": 0.442567, "from_high_reference": -0.355602, "from_low_reference": 0.361087 }, "levels": { "trend_reference": 14.483667, "fair_value_reference": 23.447179, "structural_low": 11.41, "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": 12, "median_return": -0.010351, "positive_rate": 0.416667, "directional_follow_through": 0.416667, "median_excess_return": -0.057462, "regime_survival": 0.5, "best_return": 0.098699, "worst_return": -0.195492, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": -0.287382, "positive_rate": 0.166667, "directional_follow_through": 0.166667, "median_excess_return": -0.264115, "regime_survival": 0.166667, "best_return": 0.170689, "worst_return": -0.46438, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.23871, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.250825, "regime_survival": 0.0, "best_return": 0.099765, "worst_return": -0.48153, "sufficient": true }, { 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32.510653, "energy": 46.874693, "activity_lines": [ 14.934, 14.486545, 14.007143, 14.109699 ] }, { "date": "2026-07-03", "close": 17.23, "volume": 5263924, "typical_volume": 7204494.3, "trend": 14.468, "fair_value": 24.182436, "relative_strength": -13.961108, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 55.483168, "energy": 69.159958, "activity_lines": [ 15.827333, 15.016545, 14.325381, 14.287978 ] }, { "date": "2026-07-10", "close": 16.4, "volume": 5913017, "typical_volume": 7251854.3, "trend": 14.493667, "fair_value": 24.005064, "relative_strength": -18.598739, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 41.292744, "energy": 66.068402, "activity_lines": [ 16.186, 15.343091, 14.556143, 14.412624 ] }, { "date": "2026-07-17", "close": 15.99, "volume": 6764493, "typical_volume": 7180868.0, "trend": 14.503333, "fair_value": 23.850705, "relative_strength": -16.207264, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 64.049194, "energy": 72.726088, "activity_lines": [ 16.228667, 15.556364, 14.743762, 14.509161 ] }, { "date": "2026-07-24", "close": 15.73, "volume": 8200546, "typical_volume": 6778707.4, "trend": 14.498667, "fair_value": 23.706795, "relative_strength": -15.361497, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.900076, "energy": 61.916682, "activity_lines": [ 16.139333, 15.694182, 14.904286, 14.588301 ] }, { "date": "2026-07-31", "close": 15.4, "volume": 8522376, "typical_volume": 6701096.25, "trend": 14.503333, "fair_value": 23.569231, "relative_strength": -16.635153, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.696709, "energy": 36.510628, "activity_lines": [ 15.861333, 15.739636, 15.022095, 14.646452 ] }, { "date": "2026-08-07", "close": 15.53, "volume": 8286568, "typical_volume": 6733644.45, "trend": 14.483667, "fair_value": 23.447179, "relative_strength": -18.853847, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.49021, "energy": 25.171425, "activity_lines": [ 15.654667, 15.772364, 15.137905, 14.712688 ] } ], "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." } } }