{ "ticker": { "uuid": "f6db1008-c56f-44d2-9216-b4268cb66ffa", "symbol": "MRK", "name": "Merck & Company 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": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "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": 59.238, "architecture_energy": 48.685, "architecture_maturity": 40.743, "architecture_confidence": 83.734, "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": 23.19, "rotation_up": 61.6, "upward_expansion": 80.78, "deceleration": 53.61, "rotation_down": 15.18, "downward_expansion": 7.45 }, "activity_lines": [ 129.03, 127.276446, 123.132374, 121.173338 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 128.58, "trend_reference": 118.585145, "distance_from_trend": 0.084284, "trend_direction": "Improving", "fair_value": 101.545373, "distance_from_fair_value": 0.266232, "fair_value_direction": "Improving", "relative_strength": 8.146152, "relative_strength_direction": "Improving", "price_momentum": 0.070164, "excess_performance": -0.055461, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.084284, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.080129, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.266232, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.156716, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.081462, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.04037, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.070164, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.002385, "read": "Demand-led" } ], "volume": { "latest": 47872173, "relative_activity": 1.017089, "balance": 1.002385, "dry_up": 0.937131, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.061106, "annualized_volatility": 0.290151, "from_high_reference": -0.047908, "from_low_reference": 0.696201 }, "levels": { "trend_reference": 118.585145, "fair_value_reference": 101.545373, "structural_low": 107.107646, 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119.999053, 118.682402 ] }, { "date": "2026-07-24", "close": 131.07, "volume": 37551907, "typical_volume": 48085080.6, "trend": 117.086217, "fair_value": 101.128021, "relative_strength": 16.704408, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.545348, "energy": 68.050736, "activity_lines": [ 128.25, 125.170355, 121.229873, 119.64017 ] }, { "date": "2026-07-31", "close": 130.2, "volume": 40286849, "typical_volume": 48084889.35, "trend": 117.929689, "fair_value": 101.349019, "relative_strength": 13.95836, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.048898, "energy": 55.325554, "activity_lines": [ 128.961333, 126.449663, 122.297023, 120.486221 ] }, { "date": "2026-08-07", "close": 128.58, "volume": 47872173, "typical_volume": 47067852.35, "trend": 118.585145, "fair_value": 101.545373, "relative_strength": 8.146152, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.238453, "energy": 48.685224, "activity_lines": [ 129.03, 127.276446, 123.132374, 121.173338 ] } ], "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." } } }