{
  "ticker": {
    "uuid": "24b28d5f-b9f5-4e2e-ac1f-469cbc413233",
    "symbol": "QCI",
    "name": "QUALCOMM Incorporated",
    "exchange": "GER",
    "country": "DE",
    "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": "^GDAXI",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 76.23,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "mixed",
    "architecture_direction": -20.243,
    "architecture_energy": 32.375,
    "architecture_maturity": 38.252,
    "architecture_confidence": 57.075,
    "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": 43.05,
        "rotation_up": 14.18,
        "upward_expansion": 16.88,
        "deceleration": 62.91,
        "rotation_down": 62.41,
        "downward_expansion": 41.88
      },
      "activity_lines": [
        141.997331,
        153.502181,
        163.184288,
        155.426237
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.5
    },
    "latest_close": 143.119995,
    "trend_reference": 145.464186,
    "distance_from_trend": -0.016115,
    "trend_direction": "Improving",
    "fair_value": 139.45731,
    "distance_from_fair_value": 0.026264,
    "fair_value_direction": "Weakening",
    "relative_strength": -8.009555,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.234311,
    "excess_performance": 0.169671,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.016115,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.042641,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.026264,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.401869,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.080096,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.493545,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.234311,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.947012,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 30315,
      "relative_activity": 0.826427,
      "balance": 0.947012,
      "dry_up": 0.87532,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.165522,
      "annualized_volatility": 0.679457,
      "from_high_reference": -0.353724,
      "from_low_reference": 0.355193
    },
    "levels": {
      "trend_reference": 145.464186,
      "fair_value_reference": 139.45731,
      "structural_low": 105.608577,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 10,
        "median_return": -0.020514,
        "positive_rate": 0.3,
        "directional_follow_through": 0.3,
        "median_excess_return": -0.026352,
        "regime_survival": 0.4,
        "best_return": 0.098791,
        "worst_return": -0.132711,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": -0.082299,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.063501,
        "regime_survival": 0.0,
        "best_return": 0.39007,
        "worst_return": -0.212053,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.122553,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.145427,
        "regime_survival": 0.25,
        "best_return": 0.312189,
        "worst_return": -0.106911,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.030897,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.099623,
        "regime_survival": 0.0,
        "best_return": 0.101888,
        "worst_return": -0.163682,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-02-14",
        "end": "2025-02-28",
        "tenure": "New",
        "return": -0.087798,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-03-07",
        "end": "2025-03-21",
        "tenure": "New",
        "return": 0.002081,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-03-28",
        "end": "2025-04-04",
        "tenure": "New",
        "return": -0.147025,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-11",
        "end": "2025-06-27",
        "tenure": "Developing",
        "return": 0.149841,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-07-04",
        "end": "2025-09-19",
        "tenure": "Developing",
        "return": 0.048629,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-11-28",
        "tenure": "Developing",
        "return": -0.000693,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-12-05",
        "end": "2025-12-12",
        "tenure": "New",
        "return": 0.015793,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-12-19",
        "end": "2026-01-16",
        "tenure": "Developing",
        "return": -0.087141,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-01-23",
        "end": "2026-01-30",
        "tenure": "New",
        "return": -0.034856,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-02-06",
        "end": "2026-02-20",
        "tenure": "New",
        "return": 0.038357,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-02-27",
        "end": "2026-04-24",
        "tenure": "Developing",
        "return": 0.044979,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-05-01",
        "end": "2026-05-22",
        "tenure": "New",
        "return": 0.308812,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-05-29",
        "end": "2026-07-03",
        "tenure": "Developing",
        "return": -0.259694,
        "active": false
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      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-07-10",
        "end": "2026-08-07",
        "tenure": "Developing",
        "return": -0.132711,
        "active": true
      }
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        "date": "2023-08-18",
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        "typical_volume": 12875.5,
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        "typical_volume": 14004.9,
        "trend": 131.936135,
        "fair_value": 132.384275,
        "relative_strength": -5.740197,
        "stage": 4,
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        "energy": 40.399991,
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      },
      {
        "date": "2026-05-01",
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        "trend": 132.40576,
        "fair_value": 132.805789,
        "relative_strength": 17.378655,
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        "regime": "rotation_up",
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      },
      {
        "date": "2026-05-08",
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        "typical_volume": 22850.1,
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        "relative_strength": 41.344934,
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        "modifier": "Value reclamation",
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      },
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        "date": "2026-05-15",
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 32235.9,
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        "energy": 96.284864,
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      },
      {
        "date": "2026-05-29",
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      },
      {
        "date": "2026-06-05",
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        "volume": 10520,
        "typical_volume": 34496.2,
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        "fair_value": 136.034799,
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        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 34083.45,
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      },
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        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "trend": 145.61399,
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        "stage": 2,
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        "gate": "up",
        "direction": 49.927243,
        "energy": 43.160843,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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        "volume": 807,
        "typical_volume": 31296.6,
        "trend": 145.943259,
        "fair_value": 138.059579,
        "relative_strength": 4.952318,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
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        "volume": 31544,
        "typical_volume": 32329.55,
        "trend": 146.400787,
        "fair_value": 138.473075,
        "relative_strength": 11.727401,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 35.96747,
        "energy": 23.310335,
        "activity_lines": [
          171.565336,
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      },
      {
        "date": "2026-07-17",
        "close": 145.259995,
        "volume": 23663,
        "typical_volume": 33038.9,
        "trend": 146.267514,
        "fair_value": 138.741312,
        "relative_strength": -0.881726,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 15.381716,
        "energy": 22.0949,
        "activity_lines": [
          161.101334,
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          167.519942,
          156.618583
        ]
      },
      {
        "date": "2026-07-24",
        "close": 148.059998,
        "volume": 26338,
        "typical_volume": 33876.35,
        "trend": 146.323113,
        "fair_value": 138.993529,
        "relative_strength": -0.200093,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 12.878575,
        "energy": 22.875618,
        "activity_lines": [
          154.158666,
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          166.967664,
          156.734227
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      },
      {
        "date": "2026-07-31",
        "close": 128.66,
        "volume": 48118,
        "typical_volume": 35693.85,
        "trend": 145.730728,
        "fair_value": 139.162983,
        "relative_strength": -14.984123,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -31.084142,
        "energy": 33.819651,
        "activity_lines": [
          144.011999,
          158.666054,
          164.421568,
          155.594671
        ]
      },
      {
        "date": "2026-08-07",
        "close": 143.119995,
        "volume": 30315,
        "typical_volume": 36682.0,
        "trend": 145.464186,
        "fair_value": 139.45731,
        "relative_strength": -8.009555,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -20.243484,
        "energy": 32.375051,
        "activity_lines": [
          141.997331,
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          163.184288,
          155.426237
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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."
    }
  }
}