{ "ticker": { "uuid": "fa4fb718-e138-43c8-a1ef-77cd37b9c1fb", "symbol": "VRNS", "name": "Varonis Systems", "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": "Early expansion", "architecture_gate": "up", "architecture_direction": 64.418, "architecture_energy": 60.757, "architecture_maturity": 50.411, "architecture_confidence": 77.921, "architecture_tenure": "Developing", "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": 14.82, "rotation_up": 60.11, "upward_expansion": 84.3, "deceleration": 67.19, "rotation_down": 21.97, "downward_expansion": 10.96 }, "activity_lines": [ 43.615333, 42.466182, 37.738857, 34.28543 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 43.52, "trend_reference": 31.0265, "distance_from_trend": 0.402672, "trend_direction": "Improving", "fair_value": 42.794423, "distance_from_fair_value": 0.016955, "fair_value_direction": "Improving", "relative_strength": 0.966686, "relative_strength_direction": "Improving", "price_momentum": 0.921413, "excess_performance": 0.733959, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.402672, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.085507, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.016955, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.335028, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.009667, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.4315, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.921413, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.370639, "read": "Demand-led" } ], "volume": { "latest": 8383938, "relative_activity": 0.756679, "balance": 2.370639, "dry_up": 0.923432, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.106651, "annualized_volatility": 0.586995, "from_high_reference": -0.318936, "from_low_reference": 1.209137 }, "levels": { "trend_reference": 31.0265, "fair_value_reference": 42.794423, "structural_low": 19.7, "invalidation": "A 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"energy": 95.091056, "activity_lines": [ 43.892, 39.845818, 34.401667, 31.840903 ] }, { "date": "2026-07-24", "close": 45.74, "volume": 6921619, "typical_volume": 10992545.3, "trend": 30.487167, "fair_value": 42.646282, "relative_strength": 9.550009, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.402629, "energy": 89.15275, "activity_lines": [ 45.231333, 41.471818, 35.860357, 32.851108 ] }, { "date": "2026-07-31", "close": 39.95, "volume": 15198032, "typical_volume": 11352038.7, "trend": 30.750833, "fair_value": 42.71141, "relative_strength": -3.591307, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.103167, "energy": 71.165226, "activity_lines": [ 43.816667, 41.725818, 36.665952, 33.461613 ] }, { "date": "2026-08-07", "close": 43.52, "volume": 8383938, "typical_volume": 11079912.4, "trend": 31.0265, "fair_value": 42.794423, "relative_strength": 0.966686, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.417919, "energy": 60.75699, "activity_lines": [ 43.615333, 42.466182, 37.738857, 34.28543 ] } ], "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." } } }