{
  "ticker": {
    "uuid": "1923edc2-ce9d-4226-9982-745e38a79bad",
    "symbol": "IQV",
    "name": "IQVIA Holdings 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": 51.439,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Value reclamation",
    "architecture_gate": "mixed",
    "architecture_direction": 72.102,
    "architecture_energy": 90.188,
    "architecture_maturity": 30.666,
    "architecture_confidence": 83.729,
    "architecture_tenure": "Developing",
    "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": 17.87,
        "rotation_up": 87.27,
        "upward_expansion": 72.0,
        "deceleration": 18.0,
        "rotation_down": 16.0,
        "downward_expansion": 28.0
      },
      "activity_lines": [
        3744.72793,
        3486.989791,
        3249.21629,
        3206.832429
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 4047.879883,
    "trend_reference": 3282.103312,
    "distance_from_trend": 0.233319,
    "trend_direction": "Weakening",
    "fair_value": 3735.230843,
    "distance_from_fair_value": 0.083703,
    "fair_value_direction": "Improving",
    "relative_strength": 14.160954,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.1592,
    "excess_performance": 0.213867,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.233319,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.056798,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.083703,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.275848,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.14161,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.340597,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.1592,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.261168,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 0,
      "relative_activity": 0.0,
      "balance": 3.261168,
      "dry_up": 3.641596,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.029617,
      "annualized_volatility": 0.4171,
      "from_high_reference": -0.056783,
      "from_low_reference": 0.405514
    },
    "levels": {
      "trend_reference": 3282.103312,
      "fair_value_reference": 3735.230843,
      "structural_low": 2880.0,
      "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": 11,
        "median_return": 0.0,
        "positive_rate": 0.454545,
        "directional_follow_through": 0.454545,
        "median_excess_return": 0.009242,
        "regime_survival": 0.454545,
        "best_return": 0.230359,
        "worst_return": -0.129444,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": -0.037187,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.029695,
        "regime_survival": 0.0,
        "best_return": 0.105356,
        "worst_return": -0.261164,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.045581,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": -0.064503,
        "regime_survival": 0.4,
        "best_return": 0.125159,
        "worst_return": -0.166968,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": -0.051015,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.18379,
        "regime_survival": 1.0,
        "best_return": 0.22149,
        "worst_return": -0.204719,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-07-19",
        "end": "2024-08-09",
        "tenure": "New",
        "return": 0.141858,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-08-16",
        "end": "2024-10-18",
        "tenure": "Developing",
        "return": -0.042067,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-10-25",
        "end": "2024-11-08",
        "tenure": "New",
        "return": 0.03128,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-11-15",
        "end": "2024-11-15",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2025-01-03",
        "tenure": "Developing",
        "return": 0.042928,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-10",
        "end": "2025-02-07",
        "tenure": "Developing",
        "return": 0.034212,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-02-14",
        "end": "2025-02-28",
        "tenure": "New",
        "return": -0.046061,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-03-07",
        "end": "2025-07-18",
        "tenure": "Established",
        "return": -0.249536,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-07-25",
        "end": "2025-09-19",
        "tenure": "Developing",
        "return": -0.101841,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-09-26",
        "end": "2025-10-03",
        "tenure": "New",
        "return": 0.064102,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-10-10",
        "end": "2026-01-30",
        "tenure": "Established",
        "return": 0.170695,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "tenure": "Developing",
        "return": -0.154498,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2026-06-26",
        "tenure": "Established",
        "return": 0.016102,
        "active": false
      },
      {
        "regime": "rotation_up",
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        "tenure": "Developing",
        "return": 0.230359,
        "active": true
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    ],
    "chart_path": [
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      {
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        "energy": 56.192521,
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      },
      {
        "date": "2026-07-24",
        "close": 3290.0,
        "volume": 0,
        "typical_volume": 26.5,
        "trend": 3281.141317,
        "fair_value": 3731.181101,
        "relative_strength": -6.632376,
        "stage": 4,
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        "direction": 21.381201,
        "energy": 52.439476,
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      },
      {
        "date": "2026-07-31",
        "close": 4047.879883,
        "volume": 949,
        "typical_volume": 65.15,
        "trend": 3281.622314,
        "fair_value": 3733.205972,
        "relative_strength": 14.196764,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 62.280286,
        "energy": 85.08741,
        "activity_lines": [
          3542.626628,
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      },
      {
        "date": "2026-08-07",
        "close": 4047.879883,
        "volume": 0,
        "typical_volume": 65.15,
        "trend": 3282.103312,
        "fair_value": 3735.230843,
        "relative_strength": 14.160954,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 72.101939,
        "energy": 90.18793,
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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."
    }
  }
}