{
  "ticker": {
    "uuid": "3847758c-efd7-45ae-8f42-90c6f2885ebb",
    "symbol": "ACVA",
    "name": "ACV Auctions 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": 96.0,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Emerging rotation",
    "architecture_gate": "up",
    "architecture_direction": 61.616,
    "architecture_energy": 64.3,
    "architecture_maturity": 27.478,
    "architecture_confidence": 74.516,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating upward.",
        "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair."
      },
      "scores": {
        "balance": 20.89,
        "rotation_up": 64.81,
        "upward_expansion": 87.34,
        "deceleration": 47.22,
        "rotation_down": 14.35,
        "downward_expansion": 14.01
      },
      "activity_lines": [
        7.468,
        7.224727,
        6.685286,
        6.331634
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 7.46,
    "trend_reference": 6.250667,
    "distance_from_trend": 0.193473,
    "trend_direction": "Weakening",
    "fair_value": 13.849231,
    "distance_from_fair_value": -0.461342,
    "fair_value_direction": "Improving",
    "relative_strength": -11.103543,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.012212,
    "excess_performance": -0.113413,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.193473,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.032654,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.461342,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.102748,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.111035,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.311131,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.012212,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.487883,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 13305018,
      "relative_activity": 0.878762,
      "balance": 1.487883,
      "dry_up": 0.952589,
      "accumulation_observations": 3,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.115228,
      "annualized_volatility": 0.741225,
      "from_high_reference": -0.463309,
      "from_low_reference": 0.835178
    },
    "levels": {
      "trend_reference": 6.250667,
      "fair_value_reference": 13.849231,
      "structural_low": 4.065,
      "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": 1,
        "median_return": 0.026027,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.023006,
        "regime_survival": 1.0,
        "best_return": 0.026027,
        "worst_return": 0.026027,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 0,
        "median_return": null,
        "positive_rate": null,
        "directional_follow_through": null,
        "median_excess_return": null,
        "regime_survival": null,
        "best_return": null,
        "worst_return": null,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 0,
        "median_return": null,
        "positive_rate": null,
        "directional_follow_through": null,
        "median_excess_return": null,
        "regime_survival": null,
        "best_return": null,
        "worst_return": null,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 0,
        "median_return": null,
        "positive_rate": null,
        "directional_follow_through": null,
        "median_excess_return": null,
        "regime_survival": null,
        "best_return": null,
        "worst_return": null,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-05-10",
        "end": "2024-05-24",
        "tenure": "New",
        "return": 0.104106,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-05-31",
        "end": "2024-06-28",
        "tenure": "Developing",
        "return": 0.022409,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-07-05",
        "end": "2024-09-13",
        "tenure": "Developing",
        "return": 0.101441,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-09-20",
        "end": "2025-01-17",
        "tenure": "Established",
        "return": 0.03759,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-01-24",
        "end": "2025-02-28",
        "tenure": "Developing",
        "return": -0.249182,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-03-07",
        "end": "2025-03-14",
        "tenure": "New",
        "return": 0.014174,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-03-21",
        "end": "2025-06-06",
        "tenure": "Developing",
        "return": 0.08034,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-13",
        "end": "2025-07-25",
        "tenure": "Developing",
        "return": -0.052632,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-08-01",
        "end": "2026-01-16",
        "tenure": "Established",
        "return": -0.353072,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-01-23",
        "end": "2026-01-30",
        "tenure": "New",
        "return": -0.081176,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-02-06",
        "end": "2026-02-06",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-02-13",
        "end": "2026-05-29",
        "tenure": "Established",
        "return": -0.006051,
        "active": false
      },
      {
        "regime": "balance",
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        "tenure": "New",
        "return": 0.224382,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "end": "2026-08-07",
        "tenure": "Developing",
        "return": 0.021918,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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      },
      {
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      },
      {
        "date": "2026-07-17",
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        "relative_strength": -13.266025,
        "stage": 1,
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        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 44.55883,
        "energy": 58.960188,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-07-24",
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        "typical_volume": 15065143.75,
        "trend": 6.321333,
        "fair_value": 13.961218,
        "relative_strength": -7.524365,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 46.915832,
        "energy": 61.217902,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-07-31",
        "close": 7.49,
        "volume": 13276239,
        "typical_volume": 15181928.4,
        "trend": 6.294667,
        "fair_value": 13.903205,
        "relative_strength": -9.530167,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 36.773652,
        "energy": 49.498541,
        "activity_lines": [
          7.424,
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 7.46,
        "volume": 13305018,
        "typical_volume": 15140641.6,
        "trend": 6.250667,
        "fair_value": 13.849231,
        "relative_strength": -11.103543,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 61.616223,
        "energy": 64.300148,
        "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."
    }
  }
}