{
  "ticker": {
    "uuid": "24a2503e-7793-4a72-b72b-4b8fcb8a69e5",
    "symbol": "TDOC",
    "name": "Teladoc Health, 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": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 35.487,
    "architecture_energy": 23.92,
    "architecture_maturity": 70.969,
    "architecture_confidence": 65.471,
    "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": 30.09,
        "rotation_up": 29.91,
        "upward_expansion": 66.65,
        "deceleration": 85.5,
        "rotation_down": 32.94,
        "downward_expansion": 21.32
      },
      "activity_lines": [
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.166667
    },
    "latest_close": 122.400002,
    "trend_reference": 113.901001,
    "distance_from_trend": 0.074617,
    "trend_direction": "Improving",
    "fair_value": 191.874424,
    "distance_from_fair_value": -0.362083,
    "fair_value_direction": "Improving",
    "relative_strength": -6.022895,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.476478,
    "excess_performance": 0.531144,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.074617,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.021332,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.362083,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.062007,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.060229,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.081037,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.476478,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.277175,
        "read": "Supply-led"
      }
    ],
    "volume": {
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      "relative_activity": 0.32682,
      "balance": 0.277175,
      "dry_up": 1.224566,
      "accumulation_observations": 0,
      "distribution_observations": 1
    },
    "risk": {
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      "annualized_volatility": 0.703087,
      "from_high_reference": -0.304545,
      "from_low_reference": 0.569231
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    "levels": {
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      "fair_value_reference": 191.874424,
      "structural_low": 78.0,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
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        "sample_count": 5,
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        "sufficient": true
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        "relative_strength": -29.167646,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
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        "energy": 31.152872,
        "activity_lines": [
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      },
      {
        "date": "2026-05-01",
        "close": 107.0,
        "volume": 19671,
        "typical_volume": 13679.8,
        "trend": 117.058,
        "fair_value": 217.535001,
        "relative_strength": -24.30596,
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        "regime": "downward_expansion",
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        "energy": 19.401099,
        "activity_lines": [
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      },
      {
        "date": "2026-05-08",
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        "volume": 2454,
        "typical_volume": 13762.7,
        "trend": 116.197,
        "fair_value": 215.606603,
        "relative_strength": -14.126564,
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        "regime": "rotation_up",
        "modifier": "Structural repair",
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        "energy": 42.54502,
        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
        "close": 110.0,
        "volume": 681,
        "typical_volume": 12433.9,
        "trend": 114.562667,
        "fair_value": 213.613013,
        "relative_strength": -21.138968,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
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        "direction": 3.627934,
        "energy": 34.451302,
        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "volume": 305,
        "typical_volume": 12385.8,
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        "fair_value": 211.747565,
        "relative_strength": -21.675611,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
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      },
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        "date": "2026-05-29",
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        "typical_volume": 12420.7,
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        "relative_strength": -2.95389,
        "stage": 1,
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        "activity_lines": [
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      },
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        "date": "2026-06-05",
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        "volume": 0,
        "typical_volume": 12326.05,
        "trend": 111.503334,
        "fair_value": 208.045257,
        "relative_strength": 2.720817,
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        "gate": "mixed",
        "direction": 62.332485,
        "energy": 82.801135,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
        "close": 121.0,
        "volume": 0,
        "typical_volume": 12279.95,
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        "fair_value": 206.12218,
        "relative_strength": -11.542242,
        "stage": 1,
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        "modifier": "Emerging rotation",
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      },
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        "date": "2026-06-19",
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        "volume": 0,
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      },
      {
        "date": "2026-06-26",
        "close": 133.0,
        "volume": 0,
        "typical_volume": 10512.1,
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        "relative_strength": -0.648473,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 42.677006,
        "energy": 67.372632,
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      },
      {
        "date": "2026-07-03",
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        "volume": 0,
        "typical_volume": 8181.65,
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        "fair_value": 201.004872,
        "relative_strength": 16.517652,
        "stage": 1,
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        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 91.898263,
        "energy": 79.180635,
        "activity_lines": [
          139.029333,
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      },
      {
        "date": "2026-07-10",
        "close": 166.600006,
        "volume": 414,
        "typical_volume": 8149.35,
        "trend": 112.667667,
        "fair_value": 199.367052,
        "relative_strength": 26.608832,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 93.406275,
        "energy": 95.552149,
        "activity_lines": [
          149.266669,
          139.643092,
          125.48781,
          117.65742
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      },
      {
        "date": "2026-07-17",
        "close": 166.600006,
        "volume": 251,
        "typical_volume": 8151.9,
        "trend": 113.887667,
        "fair_value": 197.870898,
        "relative_strength": 26.623097,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 85.554905,
        "energy": 94.092759,
        "activity_lines": [
          157.560004,
          145.857457,
          130.454239,
          121.136926
        ]
      },
      {
        "date": "2026-07-24",
        "close": 154.0,
        "volume": 1139,
        "typical_volume": 1574.55,
        "trend": 114.787667,
        "fair_value": 195.87827,
        "relative_strength": 18.061109,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.190668,
        "energy": 87.05041,
        "activity_lines": [
          158.613336,
          149.009457,
          133.846906,
          123.724818
        ]
      },
      {
        "date": "2026-07-31",
        "close": 116.0,
        "volume": 6541,
        "typical_volume": 1878.05,
        "trend": 114.421,
        "fair_value": 193.750065,
        "relative_strength": -11.293963,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 48.752911,
        "energy": 47.154952,
        "activity_lines": [
          145.600002,
          144.452365,
          133.317049,
          123.803033
        ]
      },
      {
        "date": "2026-08-07",
        "close": 122.400002,
        "volume": 567,
        "typical_volume": 1734.9,
        "trend": 113.901001,
        "fair_value": 191.874424,
        "relative_strength": -6.022895,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 35.486525,
        "energy": 23.919763,
        "activity_lines": [
          135.853335,
          140.931638,
          133.315763,
          124.317807
        ]
      }
    ],
    "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."
    }
  }
}