{
  "ticker": {
    "uuid": "028894a2-fea3-4629-861d-03e119aeecfd",
    "symbol": "TMO",
    "name": "Thermo Fisher Scientific Inc.",
    "exchange": "MEX",
    "country": "MX",
    "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": "^MXX",
    "stage": 1,
    "stage_name": "Basing",
    "phase": "1c",
    "phase_label": "Stage 1C \u00b7 Breakout watch",
    "transition": "stage_1_to_2_watch",
    "transition_label": "Stage 1 \u2192 2 watch",
    "confidence": 77.759,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Value reclamation",
    "architecture_gate": "mixed",
    "architecture_direction": 47.214,
    "architecture_energy": 79.824,
    "architecture_maturity": 16.007,
    "architecture_confidence": 63.967,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating upward.",
        "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair."
      },
      "scores": {
        "balance": 18.2,
        "rotation_up": 79.99,
        "upward_expansion": 71.93,
        "deceleration": 18.02,
        "rotation_down": 16.1,
        "downward_expansion": 27.93
      },
      "activity_lines": [
        9791.306771,
        9442.867329,
        8956.869303,
        8864.177379
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 9880.0,
    "trend_reference": 8981.055449,
    "distance_from_trend": 0.100093,
    "trend_direction": "Weakening",
    "fair_value": 9640.127898,
    "distance_from_fair_value": 0.024883,
    "fair_value_direction": "Improving",
    "relative_strength": 2.52811,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.049223,
    "excess_performance": 0.10389,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.100093,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.052209,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.024883,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.204287,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.025281,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.246576,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.049223,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.144493,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 2001,
      "relative_activity": 2.578608,
      "balance": 1.144493,
      "dry_up": 0.871134,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.042215,
      "annualized_volatility": 0.378197,
      "from_high_reference": -0.124066,
      "from_low_reference": 0.300241
    },
    "levels": {
      "trend_reference": 8981.055449,
      "fair_value_reference": 9640.127898,
      "structural_low": 7598.590332,
      "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": 9,
        "median_return": -0.044761,
        "positive_rate": 0.444444,
        "directional_follow_through": 0.444444,
        "median_excess_return": -0.024918,
        "regime_survival": 0.444444,
        "best_return": 0.145643,
        "worst_return": -0.083708,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": 0.037147,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": 0.00334,
        "regime_survival": 0.0,
        "best_return": 0.163223,
        "worst_return": -0.292152,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": -0.065364,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.234639,
        "regime_survival": 0.0,
        "best_return": 0.209667,
        "worst_return": -0.23659,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": 0.022545,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.113267,
        "regime_survival": 0.0,
        "best_return": 0.163888,
        "worst_return": -0.217166,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-11-29",
        "end": "2024-12-27",
        "tenure": "Developing",
        "return": -0.015095,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-01-03",
        "end": "2025-01-17",
        "tenure": "New",
        "return": 0.089164,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-01-24",
        "end": "2025-02-21",
        "tenure": "Developing",
        "return": -0.064493,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-02-28",
        "end": "2025-03-14",
        "tenure": "New",
        "return": -0.041554,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-03-21",
        "end": "2025-08-01",
        "tenure": "Established",
        "return": -0.169174,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-08-08",
        "end": "2025-08-15",
        "tenure": "New",
        "return": 0.071429,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "end": "2025-09-19",
        "tenure": "Developing",
        "return": -0.072027,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-09-26",
        "end": "2025-10-10",
        "tenure": "New",
        "return": 0.143865,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-10-17",
        "end": "2025-12-26",
        "tenure": "Developing",
        "return": 0.047133,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-01-02",
        "end": "2026-01-09",
        "tenure": "New",
        "return": 0.078704,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-01-16",
        "end": "2026-01-30",
        "tenure": "New",
        "return": -0.002567,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-02-06",
        "end": "2026-03-20",
        "tenure": "Developing",
        "return": -0.11432,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-03-27",
        "end": "2026-07-10",
        "tenure": "Established",
        "return": 0.048466,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.067416,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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      },
      {
        "date": "2026-07-17",
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      },
      {
        "date": "2026-07-24",
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        "volume": 132,
        "typical_volume": 661.45,
        "trend": 9046.452617,
        "fair_value": 9634.066068,
        "relative_strength": 5.252784,
        "stage": 1,
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        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 54.747127,
        "energy": 79.236568,
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      },
      {
        "date": "2026-07-31",
        "close": 9893.900391,
        "volume": 540,
        "typical_volume": 685.4,
        "trend": 9027.701803,
        "fair_value": 9637.240847,
        "relative_strength": 2.682507,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 54.235735,
        "energy": 80.921836,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 9880.0,
        "volume": 2001,
        "typical_volume": 776.0,
        "trend": 8981.055449,
        "fair_value": 9640.127898,
        "relative_strength": 2.52811,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 47.213538,
        "energy": 79.824434,
        "activity_lines": [
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    ],
    "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."
    }
  }
}