{
  "ticker": {
    "uuid": "4659dd83-5cfe-4cab-a112-e08e86075b4c",
    "symbol": "ZM",
    "name": "Zoom Video Communications Inc",
    "exchange": "NASDAQ",
    "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": "QQQ",
    "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": 89.19,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 51.855,
    "architecture_energy": 30.65,
    "architecture_maturity": 30.15,
    "architecture_confidence": 66.811,
    "architecture_tenure": "Developing",
    "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": 37.66,
        "rotation_up": 53.95,
        "upward_expansion": 64.8,
        "deceleration": 57.57,
        "rotation_down": 16.32,
        "downward_expansion": 12.8
      },
      "activity_lines": [
        96.184667,
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        94.345262,
        92.315688
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.0
    },
    "latest_close": 104.5,
    "trend_reference": 90.007167,
    "distance_from_trend": 0.161019,
    "trend_direction": "Improving",
    "fair_value": 76.175673,
    "distance_from_fair_value": 0.371829,
    "fair_value_direction": "Weakening",
    "relative_strength": 5.015085,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.133406,
    "excess_performance": -0.054048,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.161019,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.02728,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.371829,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.104271,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.050151,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.046476,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.133406,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.574563,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 14943790,
      "relative_activity": 0.737903,
      "balance": 1.574563,
      "dry_up": 0.776923,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.09477,
      "annualized_volatility": 0.494522,
      "from_high_reference": -0.089245,
      "from_low_reference": 0.511208
    },
    "levels": {
      "trend_reference": 90.007167,
      "fair_value_reference": 76.175673,
      "structural_low": 70.7,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 4,
        "median_return": -0.005902,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.019599,
        "regime_survival": 0.5,
        "best_return": 0.090047,
        "worst_return": -0.128085,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": -0.033243,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.035341,
        "regime_survival": 0.0,
        "best_return": 0.017798,
        "worst_return": -0.084283,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": 0.025355,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.052572,
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        "worst_return": -0.041245,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
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        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
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        "worst_return": 0.037018,
        "sufficient": false
      }
    ],
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "tenure": "New",
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      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "tenure": "New",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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      },
      {
        "regime": "balance",
        "label": "Balance",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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      },
      {
        "regime": "deceleration",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "tenure": "Established",
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        "active": false
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      {
        "regime": "rotation_down",
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        "active": false
      },
      {
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        "active": true
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        "date": "2026-06-05",
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        "date": "2026-06-12",
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      },
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        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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        "relative_strength": -10.962767,
        "stage": 3,
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        "modifier": "Recompressing",
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      },
      {
        "date": "2026-07-10",
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        "trend": 88.896167,
        "fair_value": 75.53516,
        "relative_strength": -9.806566,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -12.966332,
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        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 20899522.95,
        "trend": 88.939833,
        "fair_value": 75.664006,
        "relative_strength": -4.418044,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 6.548107,
        "energy": 15.015047,
        "activity_lines": [
          89.029667,
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          90.94028
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      },
      {
        "date": "2026-07-24",
        "close": 87.99,
        "volume": 15259454,
        "typical_volume": 20253640.15,
        "trend": 88.938167,
        "fair_value": 75.759583,
        "relative_strength": -6.161712,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 3.689015,
        "energy": 10.350058,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 96.07,
        "volume": 17125643,
        "typical_volume": 20313540.8,
        "trend": 89.363167,
        "fair_value": 75.932724,
        "relative_strength": 1.737861,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 30.1032,
        "energy": 13.500699,
        "activity_lines": [
          91.491,
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          91.339118
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      },
      {
        "date": "2026-08-07",
        "close": 104.5,
        "volume": 14943790,
        "typical_volume": 20251701.45,
        "trend": 90.007167,
        "fair_value": 76.175673,
        "relative_strength": 5.015085,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 51.855069,
        "energy": 30.649597,
        "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."
    }
  }
}