{
  "ticker": {
    "uuid": "46ea9f17-19bf-4ad5-b701-641ea8399bea",
    "symbol": "TYL",
    "name": "Tyler Technologies 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": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -32.562,
    "architecture_energy": 16.067,
    "architecture_maturity": 100.0,
    "architecture_confidence": 60.624,
    "architecture_tenure": "Extended",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 52.21,
        "rotation_up": 24.26,
        "upward_expansion": 16.93,
        "deceleration": 45.48,
        "rotation_down": 27.38,
        "downward_expansion": 53.26
      },
      "activity_lines": [
        309.373333,
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        317.776538
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.166667
    },
    "latest_close": 312.45,
    "trend_reference": 332.187333,
    "distance_from_trend": -0.059416,
    "trend_direction": "Weakening",
    "fair_value": 475.142308,
    "distance_from_fair_value": -0.342408,
    "fair_value_direction": "Weakening",
    "relative_strength": -31.537585,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.103057,
    "excess_performance": -0.228682,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.059416,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.134681,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.342408,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.014884,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.315376,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.076475,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.103057,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.880115,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 3996690,
      "relative_activity": 1.120401,
      "balance": 0.880115,
      "dry_up": 1.202816,
      "accumulation_observations": 3,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.095687,
      "annualized_volatility": 0.399817,
      "from_high_reference": -0.477561,
      "from_low_reference": 0.154187
    },
    "levels": {
      "trend_reference": 332.187333,
      "fair_value_reference": 475.142308,
      "structural_low": 270.71,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 25,
        "median_return": -0.031453,
        "positive_rate": 0.32,
        "directional_follow_through": 0.68,
        "median_excess_return": -0.038237,
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        "worst_return": -0.309243,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "worst_return": -0.275517,
        "sufficient": true
      },
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        "horizon": "Extended",
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        "worst_return": -0.370699,
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        "horizon": "Full cycle",
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        "regime": "deceleration",
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        "date": "2026-07-17",
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        "energy": 21.471755,
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      },
      {
        "date": "2026-07-24",
        "close": 297.15,
        "volume": 3268973,
        "typical_volume": 3295168.35,
        "trend": 340.925667,
        "fair_value": 476.087372,
        "relative_strength": -34.161503,
        "stage": 4,
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        "modifier": "Established contraction",
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      },
      {
        "date": "2026-07-31",
        "close": 309.6,
        "volume": 6597692,
        "typical_volume": 3510306.95,
        "trend": 336.718,
        "fair_value": 475.623782,
        "relative_strength": -30.992105,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -35.303012,
        "energy": 18.388683,
        "activity_lines": [
          308.812667,
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      },
      {
        "date": "2026-08-07",
        "close": 312.45,
        "volume": 3996690,
        "typical_volume": 3567196.05,
        "trend": 332.187333,
        "fair_value": 475.142308,
        "relative_strength": -31.537585,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -32.561715,
        "energy": 16.066889,
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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."
    }
  }
}