{ "ticker": { "uuid": "f408c6b7-f74b-4900-8d8c-02e6020cfb3f", "symbol": "MCK", "name": "McKesson Corporation", "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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 48.682, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "mixed", "architecture_direction": 30.412, "architecture_energy": 36.435, "architecture_maturity": 8.29, "architecture_confidence": 80.831, "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": 38.58, "rotation_up": 67.72, "upward_expansion": 44.34, "deceleration": 31.2, "rotation_down": 14.21, "downward_expansion": 17.0 }, "activity_lines": [ 852.273333, 826.098, 806.670837, 821.357936 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 869.58, "trend_reference": 840.99095, "distance_from_trend": 0.033994, "trend_direction": "Weakening", "fair_value": 645.094335, "distance_from_fair_value": 0.347989, "fair_value_direction": "Improving", "relative_strength": -4.936183, "relative_strength_direction": "Improving", "price_momentum": -0.081597, "excess_performance": -0.207222, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.033994, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.010123, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.347989, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.14746, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.049362, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.125113, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.081597, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 3.574581, "read": "Demand-led" } ], "volume": { "latest": 6842533, "relative_activity": 1.336308, "balance": 3.574581, "dry_up": 1.002239, "accumulation_observations": 5, "distribution_observations": 1 }, "risk": { "range_context": 0.057182, "annualized_volatility": 0.267798, "from_high_reference": -0.128578, "from_low_reference": 0.370704 }, "levels": { "trend_reference": 840.99095, "fair_value_reference": 645.094335, 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"down", "direction": -41.280884, "energy": 28.196514, "activity_lines": [ 783.389333, 774.513306, 793.361395, 817.707247 ] }, { "date": "2026-07-17", "close": 841.39, "volume": 4847451, "typical_volume": 4935195.65, "trend": 837.534322, "fair_value": 636.638481, "relative_strength": -4.160641, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -18.02948, "energy": 17.527155, "activity_lines": [ 804.489333, 788.076211, 794.878596, 818.004886 ] }, { "date": "2026-07-24", "close": 840.9, "volume": 3834351, "typical_volume": 4924571.55, "trend": 838.009232, "fair_value": 639.481286, "relative_strength": -3.671634, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -0.952498, "energy": 17.613543, "activity_lines": [ 821.603333, 799.620562, 797.03515, 818.222026 ] }, { "date": "2026-07-31", "close": 856.19, "volume": 5003416, "typical_volume": 5026948.4, "trend": 839.154163, "fair_value": 642.30272, "relative_strength": -3.006243, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 6.801375, "energy": 25.001981, "activity_lines": [ 837.796, 812.468953, 801.016157, 819.394979 ] }, { "date": "2026-08-07", "close": 869.58, "volume": 6842533, "typical_volume": 5120475.4, "trend": 840.99095, "fair_value": 645.094335, "relative_strength": -4.936183, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.411795, "energy": 36.435466, "activity_lines": [ 852.273333, 826.098, 806.670837, 821.357936 ] } ], "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." } } }