{
  "ticker": {
    "uuid": "4fdc5fc3-e6e4-4c2c-a65e-646a210160aa",
    "symbol": "XPEL",
    "name": "Xpel 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": 67.477,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "down",
    "architecture_direction": 2.313,
    "architecture_energy": 4.308,
    "architecture_maturity": 45.689,
    "architecture_confidence": 65.427,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 66.37,
        "rotation_up": 18.04,
        "upward_expansion": 21.88,
        "deceleration": 61.35,
        "rotation_down": 37.7,
        "downward_expansion": 55.22
      },
      "activity_lines": [
        45.800667,
        45.869273,
        45.594214,
        45.34186
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.166667
    },
    "latest_close": 50.07,
    "trend_reference": 46.071167,
    "distance_from_trend": 0.086797,
    "trend_direction": "Weakening",
    "fair_value": 44.61141,
    "distance_from_fair_value": 0.122359,
    "fair_value_direction": "Improving",
    "relative_strength": 0.093682,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.035817,
    "excess_performance": -0.223271,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.086797,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.012531,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.122359,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.204049,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.000937,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.122752,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.035817,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.459428,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1976635,
      "relative_activity": 1.568574,
      "balance": 1.459428,
      "dry_up": 0.996631,
      "accumulation_observations": 4,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.080265,
      "annualized_volatility": 0.462343,
      "from_high_reference": -0.104454,
      "from_low_reference": 0.589524
    },
    "levels": {
      "trend_reference": 46.071167,
      "fair_value_reference": 44.61141,
      "structural_low": 36.99,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 24,
        "median_return": 0.01494,
        "positive_rate": 0.541667,
        "directional_follow_through": 0.541667,
        "median_excess_return": -0.001951,
        "regime_survival": 0.625,
        "best_return": 0.532407,
        "worst_return": -0.301414,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 11,
        "median_return": -0.073631,
        "positive_rate": 0.272727,
        "directional_follow_through": 0.272727,
        "median_excess_return": -0.115124,
        "regime_survival": 0.363636,
        "best_return": 0.539855,
        "worst_return": -0.38666,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
        "median_return": -0.094963,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.428571,
        "median_excess_return": -0.217544,
        "regime_survival": 0.285714,
        "best_return": 0.410788,
        "worst_return": -0.39357,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": -0.121595,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.217537,
        "regime_survival": 0.25,
        "best_return": 0.274903,
        "worst_return": -0.361779,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2024-10-11",
        "tenure": "New",
        "return": 0.011454,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2024-12-20",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "tenure": "Developing",
        "return": -0.156873,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-03-07",
        "end": "2025-06-13",
        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "end": "2025-06-27",
        "tenure": "New",
        "return": 0.006639,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "return": -0.128114,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-08-29",
        "tenure": "Developing",
        "return": 0.051351,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-09-12",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "balance",
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        "active": false
      },
      {
        "regime": "upward_expansion",
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        "end": "2026-02-20",
        "tenure": "Established",
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      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "end": "2026-03-13",
        "tenure": "New",
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        "active": false
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      {
        "regime": "rotation_down",
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        "end": "2026-04-17",
        "tenure": "Developing",
        "return": 0.221735,
        "active": false
      },
      {
        "regime": "balance",
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        "end": "2026-08-07",
        "tenure": "Established",
        "return": 0.073772,
        "active": true
      }
    ],
    "chart_path": [
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        "modifier": "Balance after decline",
        "gate": "mixed",
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        "energy": 18.050994,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-01",
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        "typical_volume": 1144037.7,
        "trend": 45.413833,
        "fair_value": 47.627308,
        "relative_strength": 1.291339,
        "stage": 2,
        "regime": "balance",
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        "gate": "mixed",
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        "energy": 22.717114,
        "activity_lines": [
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      },
      {
        "date": "2026-05-08",
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        "typical_volume": 1168780.1,
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        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
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        "energy": 11.297547,
        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 1192480.7,
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        "fair_value": 47.219872,
        "relative_strength": -15.734858,
        "stage": 3,
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        "modifier": "Balance after decline",
        "gate": "mixed",
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        "energy": 13.970773,
        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 1242689.85,
        "trend": 46.2685,
        "fair_value": 47.053526,
        "relative_strength": -10.143683,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -40.586482,
        "energy": 21.888685,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-29",
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        "typical_volume": 1235373.65,
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        "fair_value": 46.873397,
        "relative_strength": -10.509578,
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        "modifier": "Balance after decline",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 1256457.75,
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        "fair_value": 46.66859,
        "relative_strength": -8.49436,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -33.362684,
        "energy": 20.050589,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 1278321.8,
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        "fair_value": 46.454679,
        "relative_strength": -9.253152,
        "stage": 1,
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        "modifier": "Balance after decline",
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        "stage": 1,
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      },
      {
        "date": "2026-06-26",
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        "typical_volume": 1314173.6,
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        "fair_value": 46.008462,
        "relative_strength": 1.364023,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 3.24106,
        "energy": 9.658048,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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        "typical_volume": 1321989.75,
        "trend": 47.163167,
        "fair_value": 45.778782,
        "relative_strength": -1.151166,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 19.011284,
        "energy": 27.64574,
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      },
      {
        "date": "2026-07-10",
        "close": 44.49,
        "volume": 1235257,
        "typical_volume": 1322138.5,
        "trend": 46.9625,
        "fair_value": 45.532308,
        "relative_strength": -10.902186,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -14.698708,
        "energy": 16.715807,
        "activity_lines": [
          46.711333,
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      },
      {
        "date": "2026-07-17",
        "close": 43.25,
        "volume": 859048,
        "typical_volume": 1268877.45,
        "trend": 46.704167,
        "fair_value": 45.295,
        "relative_strength": -9.647851,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -35.675883,
        "energy": 16.479916,
        "activity_lines": [
          45.597333,
          45.660364,
          45.236714,
          45.478946
        ]
      },
      {
        "date": "2026-07-24",
        "close": 42.73,
        "volume": 1272659,
        "typical_volume": 1273460.05,
        "trend": 46.393167,
        "fair_value": 45.063526,
        "relative_strength": -9.281316,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -42.199916,
        "energy": 22.101356,
        "activity_lines": [
          44.435333,
          45.198727,
          45.088262,
          45.222548
        ]
      },
      {
        "date": "2026-07-31",
        "close": 44.37,
        "volume": 915265,
        "typical_volume": 1256109.0,
        "trend": 46.1975,
        "fair_value": 44.824103,
        "relative_strength": -6.508343,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -44.67419,
        "energy": 27.973869,
        "activity_lines": [
          44.001333,
          45.012727,
          45.085095,
          45.092022
        ]
      },
      {
        "date": "2026-08-07",
        "close": 50.07,
        "volume": 1976635,
        "typical_volume": 1260147.4,
        "trend": 46.071167,
        "fair_value": 44.61141,
        "relative_strength": 0.093682,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 2.31302,
        "energy": 4.308016,
        "activity_lines": [
          45.800667,
          45.869273,
          45.594214,
          45.34186
        ]
      }
    ],
    "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."
    }
  }
}