{
  "ticker": {
    "uuid": "100a7bf2-ccaa-4bf7-af01-5611a7b3f2ac",
    "symbol": "FIHO12",
    "name": "FibraHotel",
    "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": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 51.238,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -25.087,
    "architecture_energy": 16.098,
    "architecture_maturity": 46.777,
    "architecture_confidence": 65.975,
    "architecture_tenure": "Developing",
    "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": 47.27,
        "rotation_up": 34.24,
        "upward_expansion": 21.63,
        "deceleration": 40.15,
        "rotation_down": 23.01,
        "downward_expansion": 53.3
      },
      "activity_lines": [
        7.507933,
        7.429218,
        7.490656,
        7.550128
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.166667
    },
    "latest_close": 7.57,
    "trend_reference": 7.59294,
    "distance_from_trend": -0.003021,
    "trend_direction": "Weakening",
    "fair_value": 8.270808,
    "distance_from_fair_value": -0.084733,
    "fair_value_direction": "Weakening",
    "relative_strength": -4.063578,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.0035,
    "excess_performance": 0.051167,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.003021,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.014982,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.084733,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.019772,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.040636,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.073116,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.0035,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.170724,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 205903,
      "relative_activity": 0.755056,
      "balance": 0.170724,
      "dry_up": 0.71338,
      "accumulation_observations": 1,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.044367,
      "annualized_volatility": 0.148787,
      "from_high_reference": -0.079257,
      "from_low_reference": 0.082854
    },
    "levels": {
      "trend_reference": 7.59294,
      "fair_value_reference": 8.270808,
      "structural_low": 7.0,
      "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": -0.003096,
        "positive_rate": 0.458333,
        "directional_follow_through": 0.541667,
        "median_excess_return": -0.022853,
        "regime_survival": 0.75,
        "best_return": 0.412781,
        "worst_return": -0.061489,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 9,
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        "positive_rate": 0.555556,
        "directional_follow_through": 0.444444,
        "median_excess_return": 0.035991,
        "regime_survival": 0.444444,
        "best_return": 0.438687,
        "worst_return": -0.084953,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
        "median_return": 0.02923,
        "positive_rate": 0.571429,
        "directional_follow_through": 0.428571,
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        "worst_return": -0.138732,
        "sufficient": true
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      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
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        "sufficient": false
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        "start": "2023-11-03",
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        "regime": "balance",
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        "regime": "upward_expansion",
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        "end": "2025-04-11",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 563816.35,
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        "fair_value": 8.301323,
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        "stage": 4,
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        "modifier": "Early contraction",
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        "direction": -56.397605,
        "energy": 47.971181,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
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        "volume": 167005,
        "typical_volume": 566897.15,
        "trend": 7.589777,
        "fair_value": 8.28947,
        "relative_strength": -7.174818,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -52.608092,
        "energy": 32.925933,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 7.67,
        "volume": 292459,
        "typical_volume": 269134.55,
        "trend": 7.590301,
        "fair_value": 8.280324,
        "relative_strength": -3.193729,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -24.900887,
        "energy": 12.777753,
        "activity_lines": [
          7.449127,
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          7.492003,
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 7.57,
        "volume": 205903,
        "typical_volume": 272699.15,
        "trend": 7.59294,
        "fair_value": 8.270808,
        "relative_strength": -4.063578,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -25.087466,
        "energy": 16.097543,
        "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."
    }
  }
}