{
  "ticker": {
    "uuid": "0872f494-5e4c-4409-99cd-ab2ec28ffa03",
    "symbol": "CSGP",
    "name": "CoStar Group Inc",
    "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": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -59.958,
    "architecture_energy": 50.824,
    "architecture_maturity": 100.0,
    "architecture_confidence": 85.412,
    "architecture_tenure": "Extended",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 17.44,
        "rotation_up": 28.35,
        "upward_expansion": 8.31,
        "deceleration": 60.66,
        "rotation_down": 46.83,
        "downward_expansion": 79.31
      },
      "activity_lines": [
        29.144667,
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        31.135429,
        33.918258
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.5
    },
    "latest_close": 30.24,
    "trend_reference": 39.257667,
    "distance_from_trend": -0.229705,
    "trend_direction": "Weakening",
    "fair_value": 71.667821,
    "distance_from_fair_value": -0.578053,
    "fair_value_direction": "Weakening",
    "relative_strength": -52.750114,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.398568,
    "excess_performance": -0.586022,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.229705,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.23528,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.578053,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.008765,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.527501,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.075135,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.398568,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.968036,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 32483642,
      "relative_activity": 0.918429,
      "balance": 0.968036,
      "dry_up": 1.16166,
      "accumulation_observations": 4,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.103556,
      "annualized_volatility": 0.463537,
      "from_high_reference": -0.681517,
      "from_low_reference": 0.167838
    },
    "levels": {
      "trend_reference": 39.257667,
      "fair_value_reference": 71.667821,
      "structural_low": 25.894,
      "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": 24,
        "median_return": -0.024699,
        "positive_rate": 0.416667,
        "directional_follow_through": 0.583333,
        "median_excess_return": -0.01834,
        "regime_survival": 0.833333,
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        "worst_return": -0.311448,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
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        "positive_rate": 0.625,
        "directional_follow_through": 0.375,
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        "worst_return": -0.31923,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
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        "positive_rate": 0.5,
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        "median_excess_return": 0.009285,
        "regime_survival": 0.333333,
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        "worst_return": -0.495167,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "positive_rate": 1.0,
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        "worst_return": 0.031442,
        "sufficient": false
      }
    ],
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        "regime": "balance",
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        "active": false
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "tenure": "Developing",
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      },
      {
        "regime": "balance",
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        "tenure": "Developing",
        "return": 0.156079,
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      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "tenure": "Developing",
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      },
      {
        "regime": "deceleration",
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      {
        "regime": "rotation_down",
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        "active": false
      },
      {
        "regime": "downward_expansion",
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      },
      {
        "regime": "balance",
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      },
      {
        "regime": "downward_expansion",
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      {
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      },
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        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-17",
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        "trend": 42.742,
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        "stage": 4,
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        "modifier": "Established contraction",
        "gate": "down",
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          32.740524,
          36.351269
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      },
      {
        "date": "2026-07-24",
        "close": 27.66,
        "volume": 31569157,
        "typical_volume": 34214479.25,
        "trend": 41.430333,
        "fair_value": 72.329679,
        "relative_strength": -56.708994,
        "stage": 4,
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        "modifier": "Established contraction",
        "gate": "down",
        "direction": -75.586382,
        "energy": 66.894976,
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          28.856,
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          31.999286,
          35.378237
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      },
      {
        "date": "2026-07-31",
        "close": 28.76,
        "volume": 57571890,
        "typical_volume": 35743144.85,
        "trend": 40.199333,
        "fair_value": 71.992179,
        "relative_strength": -54.005575,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.769848,
        "energy": 58.876193,
        "activity_lines": [
          28.704,
          29.522545,
          31.461476,
          34.560796
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      },
      {
        "date": "2026-08-07",
        "close": 30.24,
        "volume": 32483642,
        "typical_volume": 35368719.35,
        "trend": 39.257667,
        "fair_value": 71.667821,
        "relative_strength": -52.750114,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -59.957823,
        "energy": 50.824229,
        "activity_lines": [
          29.144667,
          29.495455,
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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."
    }
  }
}