{
  "ticker": {
    "uuid": "26b85967-677b-4cb4-b24e-168f9a8c6c37",
    "symbol": "GWRE",
    "name": "Guidewire Software Inc",
    "exchange": "NYSE",
    "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": "SPY",
    "stage": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 74.695,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "mixed",
    "architecture_direction": 35.064,
    "architecture_energy": 41.426,
    "architecture_maturity": 22.562,
    "architecture_confidence": 67.399,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 42.79,
        "rotation_up": 63.54,
        "upward_expansion": 44.75,
        "deceleration": 26.42,
        "rotation_down": 14.77,
        "downward_expansion": 19.75
      },
      "activity_lines": [
        154.084667,
        143.791818,
        139.559857,
        140.099355
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.5
    },
    "latest_close": 170.53,
    "trend_reference": 141.281,
    "distance_from_trend": 0.207027,
    "trend_direction": "Weakening",
    "fair_value": 160.920641,
    "distance_from_fair_value": 0.059715,
    "fair_value_direction": "Improving",
    "relative_strength": -14.312558,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.330291,
    "excess_performance": 0.204666,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.207027,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.140717,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.059715,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.171549,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.143126,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.240873,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.330291,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.194679,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 5174994,
      "relative_activity": 0.707461,
      "balance": 1.194679,
      "dry_up": 0.866564,
      "accumulation_observations": 3,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.126955,
      "annualized_volatility": 0.718594,
      "from_high_reference": -0.374431,
      "from_low_reference": 0.66696
    },
    "levels": {
      "trend_reference": 141.281,
      "fair_value_reference": 160.920641,
      "structural_low": 102.3,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 5,
        "median_return": -0.001096,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": 0.005545,
        "regime_survival": 0.2,
        "best_return": 0.199747,
        "worst_return": -0.078244,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": 0.000121,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.023735,
        "regime_survival": 0.0,
        "best_return": 0.242482,
        "worst_return": -0.429104,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.067362,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.053461,
        "regime_survival": 0.0,
        "best_return": 0.277905,
        "worst_return": -0.415127,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.187585,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.296126,
        "regime_survival": 0.0,
        "best_return": 0.663343,
        "worst_return": -0.44801,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-08-04",
        "end": "2023-10-27",
        "tenure": "Established",
        "return": 0.016911,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2023-11-03",
        "end": "2023-11-10",
        "tenure": "New",
        "return": -0.003937,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2024-03-22",
        "tenure": "Established",
        "return": 0.17257,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-03-29",
        "end": "2024-05-17",
        "tenure": "Developing",
        "return": 0.053209,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "tenure": "Extended",
        "return": 0.428713,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-01-31",
        "tenure": "Developing",
        "return": 0.200193,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-03-14",
        "tenure": "Developing",
        "return": -0.129677,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-05-09",
        "tenure": "Developing",
        "return": 0.115015,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2025-07-11",
        "tenure": "Developing",
        "return": 0.014376,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "regime": "upward_expansion",
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      {
        "regime": "balance",
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        "active": false
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      {
        "regime": "downward_expansion",
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        "end": "2026-07-17",
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        "return": -0.268552,
        "active": false
      },
      {
        "regime": "balance",
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        "active": true
      }
    ],
    "chart_path": [
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      },
      {
        "date": "2026-05-01",
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      },
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        "date": "2026-05-08",
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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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      },
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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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        "fair_value": 158.741282,
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        "modifier": "Established contraction",
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      },
      {
        "date": "2026-07-10",
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        "trend": 146.863667,
        "fair_value": 159.108333,
        "relative_strength": -32.944644,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -51.838468,
        "energy": 31.924837,
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      },
      {
        "date": "2026-07-17",
        "close": 150.02,
        "volume": 7786362,
        "typical_volume": 7868685.3,
        "trend": 145.200333,
        "fair_value": 159.566987,
        "relative_strength": -24.099053,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -16.255877,
        "energy": 10.842391,
        "activity_lines": [
          136.59,
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          135.204333,
          138.114151
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      },
      {
        "date": "2026-07-24",
        "close": 138.23,
        "volume": 5991320,
        "typical_volume": 7453581.55,
        "trend": 142.959333,
        "fair_value": 159.925064,
        "relative_strength": -28.789185,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -24.302362,
        "energy": 18.63248,
        "activity_lines": [
          139.336,
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          135.084571,
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      },
      {
        "date": "2026-07-31",
        "close": 151.94,
        "volume": 6402571,
        "typical_volume": 7396486.35,
        "trend": 141.769667,
        "fair_value": 160.356987,
        "relative_strength": -21.662873,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 17.787908,
        "energy": 20.059866,
        "activity_lines": [
          144.627333,
          137.357636,
          136.416429,
          138.243849
        ]
      },
      {
        "date": "2026-08-07",
        "close": 170.53,
        "volume": 5174994,
        "typical_volume": 7314879.05,
        "trend": 141.281,
        "fair_value": 160.920641,
        "relative_strength": -14.312558,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 35.063886,
        "energy": 41.426162,
        "activity_lines": [
          154.084667,
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          140.099355
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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."
    }
  }
}