{ "ticker": { "uuid": "f6363789-2597-4d52-817a-71fbf35f031b", "symbol": "NVNO", "name": "enVVeno Medical Corp", "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": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 86.841, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "down", "architecture_direction": -40.172, "architecture_energy": 17.837, "architecture_maturity": 33.678, "architecture_confidence": 94.459, "architecture_tenure": "Established", "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": 44.1, "rotation_up": 23.31, "upward_expansion": 5.16, "deceleration": 45.07, "rotation_down": 42.03, "downward_expansion": 71.49 }, "activity_lines": [ 10.639433, 10.681964, 10.696671, 10.758978 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.166667 }, "latest_close": 10.6143, "trend_reference": 10.871543, "distance_from_trend": -0.023662, "trend_direction": "Weakening", "fair_value": 106.604832, "distance_from_fair_value": -0.900433, "fair_value_direction": "Improving", "relative_strength": -50.970889, "relative_strength_direction": "Improving", "price_momentum": 0.018647, "excess_performance": -0.168807, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.023662, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.081273, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.900433, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.014298, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.509709, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.341403, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.018647, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.764092, "read": "Supply-led" } ], "volume": { "latest": 156166, "relative_activity": 2.323633, "balance": 0.764092, "dry_up": 2.079955, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.12476, "annualized_volatility": 0.693416, "from_high_reference": -0.940419, "from_low_reference": 0.224256 }, "levels": { "trend_reference": 10.871543, "fair_value_reference": 106.604832, "structural_low": 8.67, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 15, "median_return": -0.041513, "positive_rate": 0.266667, "directional_follow_through": 0.266667, "median_excess_return": -0.02265, "regime_survival": 0.466667, "best_return": 0.392857, "worst_return": -0.401487, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": -0.023437, "positive_rate": 0.428571, "directional_follow_through": 0.428571, "median_excess_return": -0.036227, "regime_survival": 0.285714, "best_return": 0.472441, "worst_return": -0.446585, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.124343, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.387998, "regime_survival": 0.0, "best_return": 0.103753, "worst_return": -0.734748, "sufficient": true 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"upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-26", "end": "2024-08-09", "tenure": "New", "return": -0.128696, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-16", "end": "2024-09-20", "tenure": "Developing", "return": -0.096958, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-09-27", "end": "2025-02-14", "tenure": "Established", "return": 0.098765, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-21", "end": "2025-03-28", "tenure": "Developing", "return": -0.270557, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-04", "end": "2025-05-09", "tenure": "Developing", "return": 0.593886, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-16", "end": "2025-06-06", 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"typical_volume": 57889.85, "trend": 11.079783, "fair_value": 110.770862, "relative_strength": -69.927152, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.749094, "energy": 10.911883, "activity_lines": [ 10.917333, 10.711273, 10.784733, 10.867187 ] }, { "date": "2026-07-17", "close": 10.795, "volume": 172679, "typical_volume": 61428.15, "trend": 11.066283, "fair_value": 109.841663, "relative_strength": -66.528811, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.910316, "energy": 14.94458, "activity_lines": [ 10.961667, 10.754727, 10.781581, 10.848814 ] }, { "date": "2026-07-24", "close": 10.39, "volume": 217140, "typical_volume": 70032.35, "trend": 10.992733, "fair_value": 108.766279, "relative_strength": -62.74453, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.893893, "energy": 15.015492, "activity_lines": [ 10.818, 10.709, 10.736071, 10.805183 ] }, { "date": "2026-07-31", "close": 10.6, "volume": 13171, "typical_volume": 62116.7, "trend": 10.937733, "fair_value": 107.687753, "relative_strength": -56.124126, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.944729, "energy": 11.761185, "activity_lines": [ 10.718333, 10.690909, 10.715667, 10.779845 ] }, { "date": "2026-08-07", "close": 10.6143, "volume": 156166, "typical_volume": 67207.7, "trend": 10.871543, "fair_value": 106.604832, "relative_strength": -50.970889, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.171658, "energy": 17.837197, "activity_lines": [ 10.639433, 10.681964, 10.696671, 10.758978 ] } ], "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." } } }