{
  "ticker": {
    "uuid": "5b771fab-ab57-4d66-890a-143eaf431b8b",
    "symbol": "MTD",
    "name": "Mettler-Toledo International 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": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 61.471,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Value reclamation",
    "architecture_gate": "mixed",
    "architecture_direction": 52.147,
    "architecture_energy": 70.105,
    "architecture_maturity": 15.725,
    "architecture_confidence": 64.435,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating upward.",
        "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair."
      },
      "scores": {
        "balance": 14.51,
        "rotation_up": 78.31,
        "upward_expansion": 67.05,
        "deceleration": 18.2,
        "rotation_down": 16.41,
        "downward_expansion": 23.05
      },
      "activity_lines": [
        1380.683333,
        1328.270545,
        1265.887952,
        1260.074538
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 1429.46,
    "trend_reference": 1274.523,
    "distance_from_trend": 0.121565,
    "trend_direction": "Weakening",
    "fair_value": 1269.123654,
    "distance_from_fair_value": 0.126336,
    "fair_value_direction": "Improving",
    "relative_strength": -3.242916,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.04069,
    "excess_performance": -0.084935,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.121565,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.038165,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.126336,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.244628,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.032429,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.198697,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.04069,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.231637,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 832776,
      "relative_activity": 0.917789,
      "balance": 2.231637,
      "dry_up": 0.951684,
      "accumulation_observations": 6,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.061088,
      "annualized_volatility": 0.374095,
      "from_high_reference": -0.062754,
      "from_low_reference": 0.397253
    },
    "levels": {
      "trend_reference": 1274.523,
      "fair_value_reference": 1269.123654,
      "structural_low": 1023.05,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 5,
        "median_return": 0.047822,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": 0.010399,
        "regime_survival": 0.4,
        "best_return": 0.09833,
        "worst_return": -0.101439,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": 0.129246,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.067672,
        "regime_survival": 0.0,
        "best_return": 0.148858,
        "worst_return": 0.050615,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.188812,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.114054,
        "regime_survival": 0.0,
        "best_return": 0.222438,
        "worst_return": 0.13505,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.093607,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.162858,
        "regime_survival": 0.0,
        "best_return": 0.096389,
        "worst_return": -0.111801,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-10-25",
        "end": "2024-11-01",
        "tenure": "New",
        "return": 0.038151,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-11-08",
        "end": "2024-11-15",
        "tenure": "New",
        "return": -0.099578,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-22",
        "end": "2025-06-06",
        "tenure": "Extended",
        "return": -0.027612,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-13",
        "end": "2025-07-11",
        "tenure": "Developing",
        "return": 0.059294,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-08-29",
        "tenure": "Developing",
        "return": 0.088873,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-09-05",
        "end": "2025-09-26",
        "tenure": "New",
        "return": -0.077567,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-10-03",
        "end": "2025-10-17",
        "tenure": "New",
        "return": 0.026818,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-12-19",
        "tenure": "Developing",
        "return": -0.022178,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-12-26",
        "end": "2026-01-09",
        "tenure": "New",
        "return": 0.045786,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-01-16",
        "end": "2026-01-30",
        "tenure": "New",
        "return": -0.05983,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2026-03-06",
        "tenure": "Developing",
        "return": -0.119339,
        "active": false
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      {
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        "end": "2026-03-27",
        "tenure": "New",
        "return": 0.04967,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "tenure": "Established",
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      {
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      }
    ],
    "chart_path": [
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      {
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      },
      {
        "date": "2026-07-24",
        "close": 1327.18,
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        "typical_volume": 912216.35,
        "trend": 1276.214667,
        "fair_value": 1266.979615,
        "relative_strength": -6.176921,
        "stage": 4,
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        "gate": "mixed",
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      },
      {
        "date": "2026-07-31",
        "close": 1416.3,
        "volume": 939681,
        "typical_volume": 910021.85,
        "trend": 1276.378333,
        "fair_value": 1267.907885,
        "relative_strength": -0.911525,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 42.487149,
        "energy": 58.26289,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 1429.46,
        "volume": 832776,
        "typical_volume": 907372.2,
        "trend": 1274.523,
        "fair_value": 1269.123654,
        "relative_strength": -3.242916,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
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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."
    }
  }
}