{
  "ticker": {
    "uuid": "5b313cc8-76e1-4301-acb5-821fd4e5eb76",
    "symbol": "ANET",
    "name": "Arista Networks",
    "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": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "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": 66.463,
    "architecture_energy": 47.964,
    "architecture_maturity": 35.296,
    "architecture_confidence": 90.188,
    "architecture_tenure": "Developing",
    "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": 17.65,
        "rotation_up": 60.51,
        "upward_expansion": 80.15,
        "deceleration": 54.22,
        "rotation_down": 16.36,
        "downward_expansion": 6.82
      },
      "activity_lines": [
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        160.531204
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 188.67,
    "trend_reference": 152.006333,
    "distance_from_trend": 0.241198,
    "trend_direction": "Improving",
    "fair_value": 103.065272,
    "distance_from_fair_value": 0.830588,
    "fair_value_direction": "Improving",
    "relative_strength": 15.669688,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.372245,
    "excess_performance": 0.24662,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.241198,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.100493,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.830588,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.299696,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.156697,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.183341,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.372245,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.285885,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 57643197,
      "relative_activity": 1.338958,
      "balance": 3.285885,
      "dry_up": 0.93937,
      "accumulation_observations": 4,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.111834,
      "annualized_volatility": 0.545744,
      "from_high_reference": -0.122016,
      "from_low_reference": 0.647485
    },
    "levels": {
      "trend_reference": 152.006333,
      "fair_value_reference": 103.065272,
      "structural_low": 115.42,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 41,
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        "positive_rate": 0.585366,
        "directional_follow_through": 0.585366,
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        "worst_return": -0.218583,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "worst_return": -0.25683,
        "sufficient": true
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      {
        "horizon": "Extended",
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      {
        "horizon": "Full cycle",
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        "sufficient": false
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        "regime": "rotation_down",
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      },
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        "date": "2026-07-17",
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 41344214.4,
        "trend": 148.255333,
        "fair_value": 101.267933,
        "relative_strength": 12.377197,
        "stage": 2,
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        "modifier": "Re-accelerating",
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        "direction": 57.112257,
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      },
      {
        "date": "2026-07-31",
        "close": 180.35,
        "volume": 38547876,
        "typical_volume": 41912513.1,
        "trend": 149.813667,
        "fair_value": 102.136202,
        "relative_strength": 14.693239,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.362659,
        "energy": 53.704069,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 188.67,
        "volume": 57643197,
        "typical_volume": 43050789.75,
        "trend": 152.006333,
        "fair_value": 103.065272,
        "relative_strength": 15.669688,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.462893,
        "energy": 47.964098,
        "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."
    }
  }
}