{
  "ticker": {
    "uuid": "182f31fb-47af-4faa-8891-c6c54210b254",
    "symbol": "INVX",
    "name": "Innovex International, Inc",
    "exchange": "NYSE",
    "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": "SPY",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Upper balance after advance",
    "architecture_gate": "up",
    "architecture_direction": 40.774,
    "architecture_energy": 23.817,
    "architecture_maturity": 23.188,
    "architecture_confidence": 70.163,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The prior uptrend is attempting to re-accelerate.",
        "body": "Positive Trend survived a recompression and Fast Activity is strengthening again. Promotion requires renewed confirmation across the completed evidence set."
      },
      "scores": {
        "balance": 45.4,
        "rotation_up": 52.6,
        "upward_expansion": 66.33,
        "deceleration": 58.48,
        "rotation_down": 13.72,
        "downward_expansion": 9.66
      },
      "activity_lines": [
        27.358,
        26.659818,
        26.819905,
        26.590452
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.333333
    },
    "latest_close": 28.1,
    "trend_reference": 26.208,
    "distance_from_trend": 0.072192,
    "trend_direction": "Improving",
    "fair_value": 20.37391,
    "distance_from_fair_value": 0.379215,
    "fair_value_direction": "Improving",
    "relative_strength": 6.946117,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.108481,
    "excess_performance": -0.017144,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.072192,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.057414,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.379215,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.062383,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.069461,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.081069,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.108481,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.246085,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 6064174,
      "relative_activity": 2.73569,
      "balance": 2.246085,
      "dry_up": 1.256747,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.112385,
      "annualized_volatility": 0.441519,
      "from_high_reference": -0.166419,
      "from_low_reference": 0.782995
    },
    "levels": {
      "trend_reference": 26.208,
      "fair_value_reference": 20.37391,
      "structural_low": 22.21,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 19,
        "median_return": 0.02569,
        "positive_rate": 0.526316,
        "directional_follow_through": 0.526316,
        "median_excess_return": -0.01318,
        "regime_survival": 0.631579,
        "best_return": 0.378788,
        "worst_return": -0.286689,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
        "median_return": -0.103266,
        "positive_rate": 0.375,
        "directional_follow_through": 0.375,
        "median_excess_return": -0.092751,
        "regime_survival": 0.375,
        "best_return": 0.312644,
        "worst_return": -0.266694,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.238041,
        "positive_rate": 0.166667,
        "directional_follow_through": 0.166667,
        "median_excess_return": -0.271286,
        "regime_survival": 0.166667,
        "best_return": 0.621008,
        "worst_return": -0.383139,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": -0.17398,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.188163,
        "regime_survival": 0.0,
        "best_return": 0.746377,
        "worst_return": -0.259599,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2023-12-08",
        "end": "2024-03-08",
        "tenure": "Established",
        "return": 0.058086,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-03-15",
        "end": "2024-03-22",
        "tenure": "New",
        "return": 0.027546,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-03-29",
        "end": "2024-04-05",
        "tenure": "New",
        "return": 0.029738,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2024-04-26",
        "tenure": "New",
        "return": -0.082065,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-05-03",
        "end": "2024-11-15",
        "tenure": "Extended",
        "return": -0.125806,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "end": "2025-01-10",
        "tenure": "New",
        "return": 0.141593,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-02-28",
        "tenure": "Developing",
        "return": 0.058994,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-04-04",
        "tenure": "Developing",
        "return": -0.223889,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-04-11",
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        "tenure": "Established",
        "return": 0.108037,
        "active": false
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      {
        "regime": "upward_expansion",
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        "return": 0.444645,
        "active": false
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      {
        "regime": "deceleration",
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        "color": "amber",
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        "active": true
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      },
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        "date": "2026-05-01",
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      },
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      },
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      },
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        "date": "2026-05-29",
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        "date": "2026-06-05",
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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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        "fair_value": 20.353654,
        "relative_strength": -2.089541,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
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      },
      {
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        "typical_volume": 2617646.3,
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        "fair_value": 20.357308,
        "relative_strength": 1.682427,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
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        "energy": 20.215296,
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      },
      {
        "date": "2026-07-17",
        "close": 25.78,
        "volume": 1416138,
        "typical_volume": 2296618.75,
        "trend": 25.718333,
        "fair_value": 20.362436,
        "relative_strength": 3.964796,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -11.973843,
        "energy": 18.382792,
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          25.298667,
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          26.244065
        ]
      },
      {
        "date": "2026-07-24",
        "close": 26.84,
        "volume": 1684144,
        "typical_volume": 2136483.65,
        "trend": 25.878,
        "fair_value": 20.3725,
        "relative_strength": 8.280075,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -5.392613,
        "energy": 9.857398,
        "activity_lines": [
          25.822667,
          26.088727,
          26.501333,
          26.31643
        ]
      },
      {
        "date": "2026-07-31",
        "close": 28.08,
        "volume": 1978814,
        "typical_volume": 2069829.15,
        "trend": 26.054667,
        "fair_value": 20.374615,
        "relative_strength": 11.292261,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 39.664603,
        "energy": 17.966498,
        "activity_lines": [
          26.675333,
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          26.668905,
          26.458495
        ]
      },
      {
        "date": "2026-08-07",
        "close": 28.1,
        "volume": 6064174,
        "typical_volume": 2216688.9,
        "trend": 26.208,
        "fair_value": 20.37391,
        "relative_strength": 6.946117,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 40.773704,
        "energy": 23.816744,
        "activity_lines": [
          27.358,
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          26.819905,
          26.590452
        ]
      }
    ],
    "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."
    }
  }
}