{
  "ticker": {
    "uuid": "45c4e0a1-4e7f-4316-8998-b068e20d5ceb",
    "symbol": "HPQ",
    "name": "HP 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": 2,
    "stage_name": "Advancing",
    "phase": "2c",
    "phase_label": "Stage 2C \u00b7 Late advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 86.41,
    "architecture_energy": 88.076,
    "architecture_maturity": 24.0,
    "architecture_confidence": 75.731,
    "architecture_tenure": "New",
    "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": 14.27,
        "rotation_up": 81.05,
        "upward_expansion": 95.51,
        "deceleration": 42.37,
        "rotation_down": 10.43,
        "downward_expansion": 19.84
      },
      "activity_lines": [
        23.490667,
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        21.180715,
        20.021114
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 25.190001,
    "trend_reference": 18.651372,
    "distance_from_trend": 0.350571,
    "trend_direction": "Improving",
    "fair_value": 23.898383,
    "distance_from_fair_value": 0.054046,
    "fair_value_direction": "Improving",
    "relative_strength": 2.546515,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.532672,
    "excess_performance": 0.358425,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.350571,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.031768,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.054046,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.299686,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.025465,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.254267,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.532672,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.128419,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 2955,
      "relative_activity": 2.052012,
      "balance": 2.128419,
      "dry_up": 1.505503,
      "accumulation_observations": 5,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.069278,
      "annualized_volatility": 0.453649,
      "from_high_reference": 0.0,
      "from_low_reference": 0.770077
    },
    "levels": {
      "trend_reference": 18.651372,
      "fair_value_reference": 23.898383,
      "structural_low": 14.231016,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 20,
        "median_return": -0.005346,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.01115,
        "regime_survival": 0.7,
        "best_return": 0.220391,
        "worst_return": -0.135445,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "median_return": -0.031543,
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        "worst_return": -0.093828,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
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        "directional_follow_through": 0.4,
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        "worst_return": -0.343387,
        "sufficient": true
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        "horizon": "Full cycle",
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        "worst_return": -0.295356,
        "sufficient": false
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        "regime": "deceleration",
        "label": "Deceleration",
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      {
        "regime": "rotation_down",
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        "regime": "downward_expansion",
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        "regime": "balance",
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        "volume": 0,
        "typical_volume": 1799.7,
        "trend": 18.418487,
        "fair_value": 24.252165,
        "relative_strength": -26.336735,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -18.779988,
        "energy": 14.812392,
        "activity_lines": [
          16.728847,
          16.557326,
          16.478615,
          17.190075
        ]
      },
      {
        "date": "2026-05-08",
        "close": 18.270536,
        "volume": 125,
        "typical_volume": 1728.55,
        "trend": 18.30551,
        "fair_value": 24.219892,
        "relative_strength": -22.880143,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 9.088839,
        "energy": 17.913148,
        "activity_lines": [
          17.296765,
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          16.616314,
          17.18053
        ]
      },
      {
        "date": "2026-05-15",
        "close": 17.619602,
        "volume": 1686,
        "typical_volume": 1781.85,
        "trend": 18.134058,
        "fair_value": 24.174179,
        "relative_strength": -24.407142,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -2.042382,
        "energy": 19.398401,
        "activity_lines": [
          17.543002,
          17.069551,
          16.697693,
          17.136278
        ]
      },
      {
        "date": "2026-05-22",
        "close": 21.687941,
        "volume": 2329,
        "typical_volume": 1873.4,
        "trend": 18.079829,
        "fair_value": 24.149154,
        "relative_strength": -8.13132,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 54.140103,
        "energy": 67.369739,
        "activity_lines": [
          19.006289,
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          17.365561
        ]
      },
      {
        "date": "2026-05-29",
        "close": 23.048985,
        "volume": 2306,
        "typical_volume": 1988.7,
        "trend": 18.077097,
        "fair_value": 24.135999,
        "relative_strength": -4.574498,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 66.910123,
        "energy": 84.845356,
        "activity_lines": [
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          19.002373,
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          17.686152
        ]
      },
      {
        "date": "2026-06-05",
        "close": 21.835878,
        "volume": 0,
        "typical_volume": 1756.95,
        "trend": 18.082159,
        "fair_value": 24.118661,
        "relative_strength": -8.135801,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 50.483123,
        "energy": 81.630541,
        "activity_lines": [
          21.329926,
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      },
      {
        "date": "2026-06-12",
        "close": 21.84,
        "volume": 0,
        "typical_volume": 1721.95,
        "trend": 18.118005,
        "fair_value": 24.098285,
        "relative_strength": -10.1878,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 70.505375,
        "energy": 89.064361,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
        "close": 20.41,
        "volume": 0,
        "typical_volume": 1721.95,
        "trend": 18.131832,
        "fair_value": 24.075148,
        "relative_strength": -18.922022,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.30206,
        "energy": 84.359275,
        "activity_lines": [
          21.51357,
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          18.91524,
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      },
      {
        "date": "2026-06-26",
        "close": 20.02,
        "volume": 3758,
        "typical_volume": 1625.75,
        "trend": 18.122981,
        "fair_value": 24.044466,
        "relative_strength": -18.367094,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.153136,
        "energy": 55.478787,
        "activity_lines": [
          20.932049,
          20.633625,
          19.124035,
          18.440783
        ]
      },
      {
        "date": "2026-07-03",
        "close": 19.115,
        "volume": 135,
        "typical_volume": 1553.55,
        "trend": 18.040089,
        "fair_value": 24.005714,
        "relative_strength": -23.207882,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 46.326107,
        "energy": 35.191988,
        "activity_lines": [
          20.160059,
          20.495638,
          19.22957,
          18.504784
        ]
      },
      {
        "date": "2026-07-10",
        "close": 21.610001,
        "volume": 4330,
        "typical_volume": 1736.45,
        "trend": 18.065065,
        "fair_value": 23.977911,
        "relative_strength": -11.50577,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 57.461759,
        "energy": 35.449901,
        "activity_lines": [
          20.482,
          20.766435,
          19.558982,
          18.735101
        ]
      },
      {
        "date": "2026-07-17",
        "close": 21.469999,
        "volume": 1842,
        "typical_volume": 1227.3,
        "trend": 18.131994,
        "fair_value": 23.949154,
        "relative_strength": -9.873837,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 54.338342,
        "energy": 36.820918,
        "activity_lines": [
          20.772333,
          20.934472,
          19.844185,
          18.954774
        ]
      },
      {
        "date": "2026-07-24",
        "close": 22.620001,
        "volume": 0,
        "typical_volume": 1201.55,
        "trend": 18.24622,
        "fair_value": 23.92465,
        "relative_strength": -5.879358,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 75.756009,
        "energy": 53.562817,
        "activity_lines": [
          21.470667,
          21.253428,
          20.211152,
          19.244323
        ]
      },
      {
        "date": "2026-07-31",
        "close": 23.5,
        "volume": 3875,
        "typical_volume": 1292.3,
        "trend": 18.403519,
        "fair_value": 23.907545,
        "relative_strength": -1.807841,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 79.57205,
        "energy": 73.382119,
        "activity_lines": [
          22.315,
          21.641468,
          20.632029,
          19.583276
        ]
      },
      {
        "date": "2026-08-07",
        "close": 25.190001,
        "volume": 2955,
        "typical_volume": 1440.05,
        "trend": 18.651372,
        "fair_value": 23.898383,
        "relative_strength": 2.546515,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 86.409917,
        "energy": 88.076323,
        "activity_lines": [
          23.490667,
          22.303834,
          21.180715,
          20.021114
        ]
      }
    ],
    "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."
    }
  }
}