{
  "ticker": {
    "uuid": "35d442f9-1fbb-49e6-acd8-86730d8dec69",
    "symbol": "FMX",
    "name": "Fomento Economico Mexicano",
    "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": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 41.958,
    "architecture_energy": 27.902,
    "architecture_maturity": 79.265,
    "architecture_confidence": 84.737,
    "architecture_tenure": "Established",
    "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": 37.8,
        "rotation_up": 37.98,
        "upward_expansion": 64.59,
        "deceleration": 85.26,
        "rotation_down": 25.2,
        "downward_expansion": 14.59
      },
      "activity_lines": [
        126.01271,
        126.5978,
        124.509499,
        121.129978
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 122.46,
    "trend_reference": 116.515694,
    "distance_from_trend": 0.051017,
    "trend_direction": "Improving",
    "fair_value": 97.747614,
    "distance_from_fair_value": 0.252818,
    "fair_value_direction": "Weakening",
    "relative_strength": 4.129096,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.127072,
    "excess_performance": 0.001447,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.051017,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.101247,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.252818,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.024342,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.041291,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.067069,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.127072,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.367846,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 2634063,
      "relative_activity": 1.082828,
      "balance": 1.367846,
      "dry_up": 1.093825,
      "accumulation_observations": 4,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.05949,
      "annualized_volatility": 0.213418,
      "from_high_reference": -0.134375,
      "from_low_reference": 0.580766
    },
    "levels": {
      "trend_reference": 116.515694,
      "fair_value_reference": 97.747614,
      "structural_low": 99.419136,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 29,
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        "positive_rate": 0.62069,
        "directional_follow_through": 0.62069,
        "median_excess_return": 0.008355,
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        "worst_return": -0.138732,
        "sufficient": true
      },
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        "horizon": "Intermediate",
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        "worst_return": -0.073106,
        "sufficient": true
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        "horizon": "Extended",
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        "horizon": "Full cycle",
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      },
      {
        "date": "2026-04-17",
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      },
      {
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 2297312.5,
        "trend": 113.642934,
        "fair_value": 97.144634,
        "relative_strength": 15.479766,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
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        "energy": 53.673568,
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        ]
      },
      {
        "date": "2026-07-24",
        "close": 127.12,
        "volume": 1737665,
        "typical_volume": 2278908.05,
        "trend": 114.606668,
        "fair_value": 97.34461,
        "relative_strength": 14.069222,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.668653,
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        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 127.99,
        "volume": 3890079,
        "typical_volume": 2377556.65,
        "trend": 115.669849,
        "fair_value": 97.566377,
        "relative_strength": 13.079462,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 57.396812,
        "energy": 39.658525,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 122.46,
        "volume": 2634063,
        "typical_volume": 2432577.8,
        "trend": 116.515694,
        "fair_value": 97.747614,
        "relative_strength": 4.129096,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 41.957627,
        "energy": 27.901768,
        "activity_lines": [
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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."
    }
  }
}