{
  "ticker": {
    "uuid": "24cd92b9-33de-4b9b-a08e-675285271b5f",
    "symbol": "HCITY",
    "name": "Promotora de Hoteles Norte 19, S.A.B. de C.V.",
    "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": 4,
    "stage_name": "Declining",
    "phase": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 65.56,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -53.963,
    "architecture_energy": 36.97,
    "architecture_maturity": 19.695,
    "architecture_confidence": 75.211,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 23.02,
        "rotation_up": 16.11,
        "upward_expansion": 3.59,
        "deceleration": 52.83,
        "rotation_down": 54.52,
        "downward_expansion": 74.59
      },
      "activity_lines": [
        5.756667,
        5.785818,
        5.897619,
        5.972323
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.5
    },
    "latest_close": 5.95,
    "trend_reference": 6.074667,
    "distance_from_trend": -0.020522,
    "trend_direction": "Weakening",
    "fair_value": 5.244551,
    "distance_from_fair_value": 0.134511,
    "fair_value_direction": "Weakening",
    "relative_strength": -1.413797,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.049521,
    "excess_performance": 0.005146,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.020522,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.028727,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.134511,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.003454,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.014138,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.007052,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.049521,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.453064,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1032628,
      "relative_activity": 2.709532,
      "balance": 3.453064,
      "dry_up": 1.157763,
      "accumulation_observations": 3,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.055074,
      "annualized_volatility": 0.224441,
      "from_high_reference": -0.178177,
      "from_low_reference": 0.322222
    },
    "levels": {
      "trend_reference": 6.074667,
      "fair_value_reference": 5.244551,
      "structural_low": 5.36,
      "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": 30,
        "median_return": -0.013401,
        "positive_rate": 0.4,
        "directional_follow_through": 0.6,
        "median_excess_return": -0.013255,
        "regime_survival": 0.866667,
        "best_return": 0.487603,
        "worst_return": -0.203306,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
        "median_return": -0.086601,
        "positive_rate": 0.4,
        "directional_follow_through": 0.6,
        "median_excess_return": -0.058771,
        "regime_survival": 0.6,
        "best_return": 0.70442,
        "worst_return": -0.342988,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.049841,
        "positive_rate": 0.5,
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        "median_excess_return": -0.114229,
        "regime_survival": 0.333333,
        "best_return": 0.399093,
        "worst_return": -0.303333,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.153963,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.062046,
        "regime_survival": 0.333333,
        "best_return": 0.076555,
        "worst_return": -0.419444,
        "sufficient": false
      }
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        "regime": "rotation_down",
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        "color": "orange",
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        "end": "2023-06-23",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2023-06-30",
        "end": "2024-07-26",
        "tenure": "Extended",
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      },
      {
        "regime": "balance",
        "label": "Balance",
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        "active": false
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      {
        "regime": "upward_expansion",
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      },
      {
        "regime": "balance",
        "label": "Balance",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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      {
        "regime": "rotation_up",
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      {
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        "regime": "upward_expansion",
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      {
        "regime": "deceleration",
        "label": "Deceleration",
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      {
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      },
      {
        "date": "2026-05-01",
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        "date": "2026-05-08",
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      },
      {
        "date": "2026-05-15",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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      },
      {
        "date": "2026-05-29",
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      {
        "date": "2026-06-05",
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      {
        "date": "2026-06-12",
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        "stage": 3,
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        "gate": "down",
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      {
        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "fair_value": 5.284872,
        "relative_strength": -4.405145,
        "stage": 3,
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        "modifier": "Early contraction",
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        "direction": -75.36711,
        "energy": 69.536412,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
        "close": 5.71,
        "volume": 2628,
        "typical_volume": 460115.65,
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        "relative_strength": -5.227552,
        "stage": 4,
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        "modifier": "Early contraction",
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        "energy": 77.018543,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 6.06,
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        "typical_volume": 400593.35,
        "trend": 6.14,
        "fair_value": 5.270577,
        "relative_strength": 1.240962,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.731618,
        "energy": 56.065832,
        "activity_lines": [
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          6.027667,
          6.07957
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      },
      {
        "date": "2026-07-17",
        "close": 5.68,
        "volume": 98082,
        "typical_volume": 390635.8,
        "trend": 6.126,
        "fair_value": 5.262756,
        "relative_strength": -5.321016,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -73.127706,
        "energy": 65.126229,
        "activity_lines": [
          5.821333,
          5.898545,
          5.987857,
          6.049892
        ]
      },
      {
        "date": "2026-07-24",
        "close": 5.46,
        "volume": 324732,
        "typical_volume": 325102.1,
        "trend": 6.1,
        "fair_value": 5.253846,
        "relative_strength": -8.632099,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -80.88813,
        "energy": 67.706031,
        "activity_lines": [
          5.692667,
          5.803636,
          5.930667,
          6.006925
        ]
      },
      {
        "date": "2026-07-31",
        "close": 5.7,
        "volume": 309495,
        "typical_volume": 332519.5,
        "trend": 6.086333,
        "fair_value": 5.248077,
        "relative_strength": -5.424628,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -58.112321,
        "energy": 42.698254,
        "activity_lines": [
          5.680667,
          5.767636,
          5.90081,
          5.981118
        ]
      },
      {
        "date": "2026-08-07",
        "close": 5.95,
        "volume": 1032628,
        "typical_volume": 381109.3,
        "trend": 6.074667,
        "fair_value": 5.244551,
        "relative_strength": -1.413797,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -53.962773,
        "energy": 36.970249,
        "activity_lines": [
          5.756667,
          5.785818,
          5.897619,
          5.972323
        ]
      }
    ],
    "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."
    }
  }
}