{
  "ticker": {
    "uuid": "329a599c-4f56-47bb-a86c-cd2dc8943cb2",
    "symbol": "DXCM",
    "name": "DexCom, Inc.",
    "exchange": "VIE",
    "country": "AT",
    "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": "^ATX",
    "stage": 1,
    "stage_name": "Basing",
    "phase": "1c",
    "phase_label": "Stage 1C \u00b7 Breakout watch",
    "transition": "stage_1_to_2_watch",
    "transition_label": "Stage 1 \u2192 2 watch",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 82.443,
    "architecture_energy": 83.67,
    "architecture_maturity": 32.334,
    "architecture_confidence": 74.108,
    "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": 11.86,
        "rotation_up": 76.53,
        "upward_expansion": 91.93,
        "deceleration": 45.64,
        "rotation_down": 10.73,
        "downward_expansion": 18.6
      },
      "activity_lines": [
        69.093333,
        66.778182,
        63.376238,
        61.551678
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 72.400002,
    "trend_reference": 60.124333,
    "distance_from_trend": 0.204171,
    "trend_direction": "Improving",
    "fair_value": 78.110545,
    "distance_from_fair_value": -0.073108,
    "fair_value_direction": "Improving",
    "relative_strength": -0.675117,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.220499,
    "excess_performance": 0.046252,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.204171,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.06346,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.073108,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.29491,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.006751,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.285853,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.220499,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 119.214286,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 285,
      "relative_activity": 3.386809,
      "balance": 119.214286,
      "dry_up": 3.912656,
      "accumulation_observations": 4,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.055886,
      "annualized_volatility": 0.366082,
      "from_high_reference": -0.047368,
      "from_low_reference": 0.530008
    },
    "levels": {
      "trend_reference": 60.124333,
      "fair_value_reference": 78.110545,
      "structural_low": 49.0,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 8,
        "median_return": -0.025665,
        "positive_rate": 0.375,
        "directional_follow_through": 0.375,
        "median_excess_return": -0.046805,
        "regime_survival": 0.5,
        "best_return": 0.060127,
        "worst_return": -0.232835,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "horizon": "Extended",
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        "sufficient": false
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        "horizon": "Full cycle",
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        "relative_strength": -29.260377,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -64.5444,
        "energy": 70.802515,
        "activity_lines": [
          51.76,
          53.072182,
          55.630619,
          56.118193
        ]
      },
      {
        "date": "2026-05-15",
        "close": 53.599998,
        "volume": 0,
        "typical_volume": 35.15,
        "trend": 56.058166,
        "fair_value": 81.925801,
        "relative_strength": -25.86032,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.893742,
        "energy": 60.250244,
        "activity_lines": [
          52.166666,
          52.928,
          55.304619,
          55.953107
        ]
      },
      {
        "date": "2026-05-22",
        "close": 62.799999,
        "volume": 12,
        "typical_volume": 35.75,
        "trend": 56.103833,
        "fair_value": 81.642468,
        "relative_strength": -14.067052,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 20.246275,
        "energy": 13.211562,
        "activity_lines": [
          55.733333,
          54.560181,
          55.868905,
          56.388064
        ]
      },
      {
        "date": "2026-05-29",
        "close": 63.0,
        "volume": 0,
        "typical_volume": 35.75,
        "trend": 56.5365,
        "fair_value": 81.326699,
        "relative_strength": -15.20184,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 34.396371,
        "energy": 35.480577,
        "activity_lines": [
          58.726666,
          56.112909,
          56.422524,
          56.832978
        ]
      },
      {
        "date": "2026-06-05",
        "close": 64.400002,
        "volume": 0,
        "typical_volume": 32.35,
        "trend": 57.099333,
        "fair_value": 81.005801,
        "relative_strength": -11.485934,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 50.476679,
        "energy": 51.322467,
        "activity_lines": [
          61.44,
          57.832546,
          57.085714,
          57.340301
        ]
      },
      {
        "date": "2026-06-12",
        "close": 64.400002,
        "volume": 0,
        "typical_volume": 24.1,
        "trend": 57.548,
        "fair_value": 80.65016,
        "relative_strength": -13.093121,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 64.776329,
        "energy": 74.420417,
        "activity_lines": [
          63.186668,
          59.367273,
          57.730143,
          57.811312
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      },
      {
        "date": "2026-06-19",
        "close": 63.200001,
        "volume": 0,
        "typical_volume": 24.1,
        "trend": 57.922666,
        "fair_value": 80.312212,
        "relative_strength": -17.354412,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.411721,
        "energy": 81.314316,
        "activity_lines": [
          63.706668,
          60.492728,
          58.246191,
          58.175957
        ]
      },
      {
        "date": "2026-06-26",
        "close": 61.400002,
        "volume": 0,
        "typical_volume": 24.1,
        "trend": 58.138667,
        "fair_value": 79.951186,
        "relative_strength": -17.208166,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.227496,
        "energy": 75.356204,
        "activity_lines": [
          62.986668,
          61.141819,
          58.582953,
          58.400301
        ]
      },
      {
        "date": "2026-07-03",
        "close": 62.599998,
        "volume": 0,
        "typical_volume": 24.1,
        "trend": 58.322,
        "fair_value": 79.61375,
        "relative_strength": -16.745124,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.756597,
        "energy": 52.495777,
        "activity_lines": [
          62.76,
          61.86,
          59.024095,
          58.688129
        ]
      },
      {
        "date": "2026-07-10",
        "close": 65.0,
        "volume": 354,
        "typical_volume": 36.95,
        "trend": 58.576333,
        "fair_value": 79.254648,
        "relative_strength": -11.599099,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 71.650043,
        "energy": 51.503809,
        "activity_lines": [
          63.36,
          62.818182,
          59.676524,
          59.118968
        ]
      },
      {
        "date": "2026-07-17",
        "close": 67.0,
        "volume": 146,
        "typical_volume": 44.25,
        "trend": 58.928667,
        "fair_value": 78.926186,
        "relative_strength": -6.278873,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 76.444982,
        "energy": 55.628675,
        "activity_lines": [
          64.586667,
          63.865455,
          60.502715,
          59.66243
        ]
      },
      {
        "date": "2026-07-24",
        "close": 63.0,
        "volume": 14,
        "typical_volume": 26.3,
        "trend": 59.143333,
        "fair_value": 78.548878,
        "relative_strength": -12.112184,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 58.278897,
        "energy": 46.759391,
        "activity_lines": [
          64.306667,
          63.912728,
          60.924953,
          59.925097
        ]
      },
      {
        "date": "2026-07-31",
        "close": 71.599998,
        "volume": 872,
        "typical_volume": 69.9,
        "trend": 59.644667,
        "fair_value": 78.295801,
        "relative_strength": 0.601616,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 85.062516,
        "energy": 75.480418,
        "activity_lines": [
          66.906666,
          65.352727,
          62.148619,
          60.728753
        ]
      },
      {
        "date": "2026-08-07",
        "close": 72.400002,
        "volume": 285,
        "typical_volume": 84.15,
        "trend": 60.124333,
        "fair_value": 78.110545,
        "relative_strength": -0.675117,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 82.442739,
        "energy": 83.669938,
        "activity_lines": [
          69.093333,
          66.778182,
          63.376238,
          61.551678
        ]
      }
    ],
    "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."
    }
  }
}