{
  "ticker": {
    "uuid": "1352a2b7-dc7a-4965-85a5-6ecd3db4cca2",
    "symbol": "ECPG",
    "name": "Encore Capital 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": 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": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 83.659,
    "architecture_energy": 65.711,
    "architecture_maturity": 34.434,
    "architecture_confidence": 77.497,
    "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": 11.83,
        "rotation_up": 71.76,
        "upward_expansion": 85.64,
        "deceleration": 56.19,
        "rotation_down": 17.5,
        "downward_expansion": 9.97
      },
      "activity_lines": [
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        87.942524,
        83.516839
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 100.2,
    "trend_reference": 76.600167,
    "distance_from_trend": 0.308091,
    "trend_direction": "Improving",
    "fair_value": 51.102724,
    "distance_from_fair_value": 0.960757,
    "fair_value_direction": "Improving",
    "relative_strength": 38.620606,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.735065,
    "excess_performance": 0.547611,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.308091,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.191188,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.960757,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.210262,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.386206,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.032471,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.735065,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.8684,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 1974339,
      "relative_activity": 1.206307,
      "balance": 0.8684,
      "dry_up": 1.086555,
      "accumulation_observations": 4,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.061989,
      "annualized_volatility": 0.298909,
      "from_high_reference": -0.015669,
      "from_low_reference": 1.572133
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    "levels": {
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      "fair_value_reference": 51.102724,
      "structural_low": 55.9,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 25,
        "median_return": 0.025074,
        "positive_rate": 0.56,
        "directional_follow_through": 0.56,
        "median_excess_return": 0.019767,
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        "worst_return": -0.300282,
        "sufficient": true
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        "worst_return": -0.30388,
        "sufficient": true
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      },
      {
        "date": "2026-05-01",
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        "stage": 2,
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      },
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        "date": "2026-05-08",
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      },
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        "date": "2026-05-15",
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      },
      {
        "date": "2026-05-22",
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      },
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      },
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        "date": "2026-06-05",
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      },
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        "date": "2026-06-12",
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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        "typical_volume": 1577887.55,
        "trend": 70.176333,
        "fair_value": 49.755833,
        "relative_strength": 35.642709,
        "stage": 2,
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      },
      {
        "date": "2026-07-10",
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        "fair_value": 50.017051,
        "relative_strength": 34.554911,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "direction": 77.425509,
        "energy": 80.006112,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 91.33,
        "volume": 1078897,
        "typical_volume": 1600796.6,
        "trend": 72.699,
        "fair_value": 50.264487,
        "relative_strength": 36.776987,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 68.210978,
        "energy": 80.239763,
        "activity_lines": [
          90.872667,
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          84.101429,
          79.468022
        ]
      },
      {
        "date": "2026-07-24",
        "close": 90.155,
        "volume": 2325304,
        "typical_volume": 1618148.3,
        "trend": 73.8535,
        "fair_value": 50.504583,
        "relative_strength": 35.488836,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.786033,
        "energy": 62.396042,
        "activity_lines": [
          91.045,
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          85.043571,
          80.594215
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      },
      {
        "date": "2026-07-31",
        "close": 94.08,
        "volume": 1734837,
        "typical_volume": 1622007.85,
        "trend": 75.125833,
        "fair_value": 50.783878,
        "relative_strength": 38.652596,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 71.67187,
        "energy": 57.880743,
        "activity_lines": [
          92.052,
          89.940455,
          86.266786,
          81.899151
        ]
      },
      {
        "date": "2026-08-07",
        "close": 100.2,
        "volume": 1974339,
        "typical_volume": 1636680.8,
        "trend": 76.600167,
        "fair_value": 51.102724,
        "relative_strength": 38.620606,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 83.659012,
        "energy": 65.710798,
        "activity_lines": [
          94.868333,
          92.246727,
          87.942524,
          83.516839
        ]
      }
    ],
    "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."
    }
  }
}