{
  "ticker": {
    "uuid": "198a85fe-4362-4863-ac6e-b2c760414c23",
    "symbol": "ATNI",
    "name": "ATN International 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": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 96.0,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Structural repair",
    "architecture_gate": "mixed",
    "architecture_direction": 24.128,
    "architecture_energy": 12.666,
    "architecture_maturity": 27.574,
    "architecture_confidence": 65.729,
    "architecture_tenure": "New",
    "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": 49.05,
        "rotation_up": 40.69,
        "upward_expansion": 20.06,
        "deceleration": 44.83,
        "rotation_down": 30.17,
        "downward_expansion": 36.06
      },
      "activity_lines": [
        26.379333,
        25.750528,
        26.124302,
        26.259027
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.5
    },
    "latest_close": 31.97,
    "trend_reference": 26.124532,
    "distance_from_trend": 0.223754,
    "trend_direction": "Improving",
    "fair_value": 22.871485,
    "distance_from_fair_value": 0.39781,
    "fair_value_direction": "Improving",
    "relative_strength": 25.139231,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.252637,
    "excess_performance": 0.065184,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.223754,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.06813,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.39781,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.278221,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.251392,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.141606,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.252637,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.258899,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 601205,
      "relative_activity": 1.672171,
      "balance": 1.258899,
      "dry_up": 1.102329,
      "accumulation_observations": 2,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.087516,
      "annualized_volatility": 0.610767,
      "from_high_reference": -0.00945,
      "from_low_reference": 1.358044
    },
    "levels": {
      "trend_reference": 26.124532,
      "fair_value_reference": 22.871485,
      "structural_low": 22.265059,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 9,
        "median_return": -0.035442,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.116753,
        "regime_survival": 0.333333,
        "best_return": 0.17954,
        "worst_return": -0.21461,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": -0.196081,
        "positive_rate": 0.166667,
        "directional_follow_through": 0.166667,
        "median_excess_return": -0.290539,
        "regime_survival": 0.0,
        "best_return": 0.12219,
        "worst_return": -0.393722,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": -0.239731,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.407795,
        "regime_survival": 0.0,
        "best_return": -0.08021,
        "worst_return": -0.435654,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.00834,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": 0.001184,
        "regime_survival": 0.0,
        "best_return": 0.217761,
        "worst_return": -0.550917,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-10-11",
        "end": "2024-10-25",
        "tenure": "New",
        "return": -0.043451,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-11-01",
        "end": "2024-12-20",
        "tenure": "Developing",
        "return": -0.188321,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-12-27",
        "end": "2025-03-14",
        "tenure": "Developing",
        "return": 0.356038,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-03-21",
        "end": "2025-04-18",
        "tenure": "Developing",
        "return": -0.21461,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-05-09",
        "tenure": "New",
        "return": -0.094798,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-05-16",
        "end": "2025-07-11",
        "tenure": "Developing",
        "return": 0.263133,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "end": "2025-08-08",
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        "return": -0.1444,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-08-15",
        "end": "2025-11-14",
        "tenure": "Established",
        "return": 0.313492,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2026-03-20",
        "tenure": "Established",
        "return": 0.311171,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-03-27",
        "end": "2026-04-03",
        "tenure": "New",
        "return": -0.00623,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2026-05-29",
        "tenure": "Developing",
        "return": 0.047971,
        "active": false
      },
      {
        "regime": "balance",
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        "color": "blue",
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        "return": -0.090344,
        "active": false
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      {
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        "end": "2026-07-31",
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        "return": 0.015352,
        "active": false
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      {
        "regime": "rotation_up",
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        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.0,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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      },
      {
        "date": "2026-04-24",
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      },
      {
        "date": "2026-05-08",
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      },
      {
        "date": "2026-05-29",
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      },
      {
        "date": "2026-06-05",
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        "relative_strength": 6.041227,
        "stage": 2,
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      },
      {
        "date": "2026-06-12",
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      },
      {
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      },
      {
        "date": "2026-07-03",
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        "relative_strength": 0.308962,
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      },
      {
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        "typical_volume": 384192.45,
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        "fair_value": 23.053809,
        "relative_strength": -5.126311,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
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      },
      {
        "date": "2026-07-17",
        "close": 23.17,
        "volume": 386992,
        "typical_volume": 392264.2,
        "trend": 25.663714,
        "fair_value": 22.997804,
        "relative_strength": -4.236898,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -38.088516,
        "energy": 48.519329,
        "activity_lines": [
          24.325042,
          25.299491,
          26.077941,
          26.126234
        ]
      },
      {
        "date": "2026-07-24",
        "close": 23.45,
        "volume": 312871,
        "typical_volume": 374655.45,
        "trend": 25.723796,
        "fair_value": 22.947398,
        "relative_strength": -1.721246,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -36.54717,
        "energy": 53.959287,
        "activity_lines": [
          23.86782,
          24.859583,
          25.80925,
          25.983414
        ]
      },
      {
        "date": "2026-07-31",
        "close": 23.81,
        "volume": 284238,
        "typical_volume": 353884.4,
        "trend": 25.784204,
        "fair_value": 22.883628,
        "relative_strength": -1.033111,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -31.412418,
        "energy": 51.695195,
        "activity_lines": [
          23.666,
          24.533388,
          25.577169,
          25.859943
        ]
      },
      {
        "date": "2026-08-07",
        "close": 31.97,
        "volume": 601205,
        "typical_volume": 359535.6,
        "trend": 26.124532,
        "fair_value": 22.871485,
        "relative_strength": 25.139231,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 24.128113,
        "energy": 12.665932,
        "activity_lines": [
          26.379333,
          25.750528,
          26.124302,
          26.259027
        ]
      }
    ],
    "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."
    }
  }
}