{
  "ticker": {
    "uuid": "22ba9d52-0030-431a-a1dc-16c1a7b280a0",
    "symbol": "FSLR",
    "name": "First Solar, 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": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 51.804,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "mixed",
    "architecture_direction": -3.244,
    "architecture_energy": 18.825,
    "architecture_maturity": 54.333,
    "architecture_confidence": 59.854,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 54.69,
        "rotation_up": 17.67,
        "upward_expansion": 17.09,
        "deceleration": 68.37,
        "rotation_down": 59.58,
        "downward_expansion": 44.43
      },
      "activity_lines": [
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        4012.771354
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 4350.0,
    "trend_reference": 3935.216325,
    "distance_from_trend": 0.105403,
    "trend_direction": "Weakening",
    "fair_value": 3601.101282,
    "distance_from_fair_value": 0.207964,
    "fair_value_direction": "Improving",
    "relative_strength": 2.971333,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.164035,
    "excess_performance": 0.218702,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.105403,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.044046,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.207964,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.145563,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.029713,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.153911,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.164035,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 21.558411,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 2393,
      "relative_activity": 1.615746,
      "balance": 21.558411,
      "dry_up": 0.776307,
      "accumulation_observations": 2,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.095616,
      "annualized_volatility": 0.627545,
      "from_high_reference": -0.206494,
      "from_low_reference": 0.345916
    },
    "levels": {
      "trend_reference": 3935.216325,
      "fair_value_reference": 3601.101282,
      "structural_low": 3232.0,
      "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": 0.058125,
        "positive_rate": 0.555556,
        "directional_follow_through": 0.555556,
        "median_excess_return": 0.050575,
        "regime_survival": 0.333333,
        "best_return": 0.17806,
        "worst_return": -0.149635,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "regime_survival": 0.0,
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        "worst_return": -0.216363,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
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        "worst_return": -0.334648,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
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      {
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      {
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      },
      {
        "date": "2026-04-03",
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        "date": "2026-04-10",
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        "date": "2026-04-17",
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        "date": "2026-05-08",
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      },
      {
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      },
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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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      },
      {
        "date": "2026-07-10",
        "close": 4042.550049,
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        "fair_value": 3590.306346,
        "relative_strength": -4.011686,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
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        "direction": 25.768633,
        "energy": 30.872883,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
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        "volume": 423,
        "typical_volume": 1442.35,
        "trend": 4009.070996,
        "fair_value": 3591.819231,
        "relative_strength": -15.748632,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -23.038932,
        "energy": 33.939519,
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          4132.123334,
          4027.897697
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      },
      {
        "date": "2026-07-24",
        "close": 3650.0,
        "volume": 883,
        "typical_volume": 1378.65,
        "trend": 3969.904329,
        "fair_value": 3593.197436,
        "relative_strength": -12.932552,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -19.426447,
        "energy": 35.019606,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 3677.0,
        "volume": 900,
        "typical_volume": 1385.2,
        "trend": 3932.482992,
        "fair_value": 3595.614103,
        "relative_strength": -12.825434,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -25.695498,
        "energy": 36.907614,
        "activity_lines": [
          3707.475342,
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          4077.098478,
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      },
      {
        "date": "2026-08-07",
        "close": 4350.0,
        "volume": 2393,
        "typical_volume": 1481.05,
        "trend": 3935.216325,
        "fair_value": 3601.101282,
        "relative_strength": 2.971333,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -3.244057,
        "energy": 18.824794,
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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."
    }
  }
}