{
  "ticker": {
    "uuid": "37c24ae7-9b95-41a0-8d3c-77d9053208cc",
    "symbol": "AAL",
    "name": "American Airlines Group Inc.",
    "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": 2,
    "stage_name": "Advancing",
    "phase": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 38.897,
    "architecture_energy": 27.395,
    "architecture_maturity": 69.198,
    "architecture_confidence": 95.669,
    "architecture_tenure": "New",
    "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": 44.34,
        "rotation_up": 27.01,
        "upward_expansion": 59.2,
        "deceleration": 88.29,
        "rotation_down": 31.3,
        "downward_expansion": 20.54
      },
      "activity_lines": [
        266.550001,
        273.656,
        260.420048,
        248.057398
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
    },
    "latest_close": 275.5,
    "trend_reference": 239.051333,
    "distance_from_trend": 0.152472,
    "trend_direction": "Improving",
    "fair_value": 241.595897,
    "distance_from_fair_value": 0.140334,
    "fair_value_direction": "Improving",
    "relative_strength": 10.855957,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.049524,
    "excess_performance": 0.104191,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.152472,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.010823,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.140334,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.204598,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.10856,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.223673,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.049524,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.474889,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 7736,
      "relative_activity": 0.235708,
      "balance": 3.474889,
      "dry_up": 0.441702,
      "accumulation_observations": 2,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.091551,
      "annualized_volatility": 0.549271,
      "from_high_reference": -0.133648,
      "from_low_reference": 0.505464
    },
    "levels": {
      "trend_reference": 239.051333,
      "fair_value_reference": 241.595897,
      "structural_low": 183.0,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 8,
        "median_return": -0.049563,
        "positive_rate": 0.375,
        "directional_follow_through": 0.375,
        "median_excess_return": -0.036078,
        "regime_survival": 0.25,
        "best_return": 0.073836,
        "worst_return": -0.257373,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": -0.107872,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.090382,
        "regime_survival": 0.0,
        "best_return": 0.237443,
        "worst_return": -0.28564,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": -0.125267,
        "positive_rate": 0.2,
        "directional_follow_through": 0.2,
        "median_excess_return": -0.116775,
        "regime_survival": 0.0,
        "best_return": 0.014703,
        "worst_return": -0.187641,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.120996,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.161559,
        "regime_survival": 0.0,
        "best_return": -0.070141,
        "worst_return": -0.320115,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-02-21",
        "end": "2025-03-07",
        "tenure": "New",
        "return": -0.153178,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-03-14",
        "end": "2025-04-18",
        "tenure": "Developing",
        "return": -0.138376,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-25",
        "end": "2025-07-18",
        "tenure": "Established",
        "return": 0.239735,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-07-25",
        "end": "2025-08-29",
        "tenure": "Developing",
        "return": 0.160505,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-09-05",
        "end": "2025-09-26",
        "tenure": "New",
        "return": -0.155122,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-10-03",
        "end": "2025-10-10",
        "tenure": "New",
        "return": 0.002303,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-11-07",
        "tenure": "New",
        "return": 0.144292,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-11-14",
        "end": "2026-02-06",
        "tenure": "Established",
        "return": 0.116214,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-02-13",
        "end": "2026-02-27",
        "tenure": "New",
        "return": -0.05542,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-03-06",
        "end": "2026-03-20",
        "tenure": "New",
        "return": -0.067033,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-03-27",
        "end": "2026-05-29",
        "tenure": "Developing",
        "return": 0.37957,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "tenure": "Developing",
        "return": 0.241312,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-07-17",
        "end": "2026-07-31",
        "tenure": "New",
        "return": 0.024323,
        "active": false
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      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.0,
        "active": true
      }
    ],
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        "date": "2023-08-18",
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        "date": "2026-05-01",
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        "trend": 236.072333,
        "fair_value": 242.999294,
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        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
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        "direction": -39.53668,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-08",
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 38538.3,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 43785.5,
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 44954.45,
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        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
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        "volume": 3757,
        "typical_volume": 41276.4,
        "trend": 235.965,
        "fair_value": 242.264743,
        "relative_strength": -2.703935,
        "stage": 1,
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        "modifier": "Structural repair",
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        "direction": 19.613271,
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 41322.7,
        "trend": 236.705,
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        "relative_strength": 3.601709,
        "stage": 1,
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      },
      {
        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "typical_volume": 38276.55,
        "trend": 239.781333,
        "fair_value": 242.106795,
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        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 63.416708,
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      },
      {
        "date": "2026-07-03",
        "close": 306.0,
        "volume": 14,
        "typical_volume": 37995.75,
        "trend": 240.981333,
        "fair_value": 242.071153,
        "relative_strength": 23.420416,
        "stage": 2,
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        "energy": 81.74837,
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      },
      {
        "date": "2026-07-10",
        "close": 291.459991,
        "volume": 23417,
        "typical_volume": 38717.5,
        "trend": 241.775,
        "fair_value": 241.990769,
        "relative_strength": 18.335553,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 66.106849,
        "energy": 85.302076,
        "activity_lines": [
          294.681331,
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      },
      {
        "date": "2026-07-17",
        "close": 259.019989,
        "volume": 9990,
        "typical_volume": 37990.15,
        "trend": 240.912666,
        "fair_value": 241.752243,
        "relative_strength": 5.094517,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.765336,
        "energy": 74.210817,
        "activity_lines": [
          285.013328,
          276.025089,
          252.589333,
          243.518988
        ]
      },
      {
        "date": "2026-07-24",
        "close": 249.990005,
        "volume": 15305,
        "typical_volume": 36287.2,
        "trend": 240.020666,
        "fair_value": 241.559935,
        "relative_strength": 1.794126,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 48.249985,
        "energy": 38.629124,
        "activity_lines": [
          272.22533,
          273.331817,
          254.188143,
          244.104623
        ]
      },
      {
        "date": "2026-07-31",
        "close": 265.320007,
        "volume": 24956,
        "typical_volume": 33878.55,
        "trend": 239.531333,
        "fair_value": 241.529935,
        "relative_strength": 6.977241,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 39.954009,
        "energy": 23.91545,
        "activity_lines": [
          266.169334,
          272.762364,
          257.008429,
          245.736839
        ]
      },
      {
        "date": "2026-08-07",
        "close": 275.5,
        "volume": 7736,
        "typical_volume": 32820.2,
        "trend": 239.051333,
        "fair_value": 241.595897,
        "relative_strength": 10.855957,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 38.897011,
        "energy": 27.395403,
        "activity_lines": [
          266.550001,
          273.656,
          260.420048,
          248.057398
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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."
    }
  }
}