{
  "ticker": {
    "uuid": "600e4397-88f5-4d3c-84c3-10a5327c3bd0",
    "symbol": "BABAN",
    "name": "Alibaba Group Holding Limited",
    "exchange": "MEX",
    "country": "MX",
    "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": "^MXX",
    "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": -18.36,
    "architecture_energy": 23.563,
    "architecture_maturity": 100.0,
    "architecture_confidence": 69.089,
    "architecture_tenure": "Established",
    "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": 47.42,
        "rotation_up": 38.34,
        "upward_expansion": 21.79,
        "deceleration": 44.15,
        "rotation_down": 19.17,
        "downward_expansion": 55.79
      },
      "activity_lines": [
        2092.392651,
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        2052.67642,
        2136.727465
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.0
    },
    "latest_close": 2203.25,
    "trend_reference": 2296.680542,
    "distance_from_trend": -0.040681,
    "trend_direction": "Weakening",
    "fair_value": 1995.442873,
    "distance_from_fair_value": 0.104141,
    "fair_value_direction": "Weakening",
    "relative_strength": -15.23633,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.215445,
    "excess_performance": -0.160778,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.040681,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.111785,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.104141,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.127258,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.152363,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.005034,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.215445,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.162452,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 18215,
      "relative_activity": 0.868324,
      "balance": 1.162452,
      "dry_up": 0.980445,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.079298,
      "annualized_volatility": 0.412186,
      "from_high_reference": -0.375496,
      "from_low_reference": 0.354179
    },
    "levels": {
      "trend_reference": 2296.680542,
      "fair_value_reference": 1995.442873,
      "structural_low": 1627.0,
      "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": 33,
        "median_return": -0.038826,
        "positive_rate": 0.424242,
        "directional_follow_through": 0.575758,
        "median_excess_return": -0.026764,
        "regime_survival": 0.848485,
        "best_return": 0.275989,
        "worst_return": -0.169115,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 11,
        "median_return": -0.039579,
        "positive_rate": 0.454545,
        "directional_follow_through": 0.545455,
        "median_excess_return": -0.082939,
        "regime_survival": 0.545455,
        "best_return": 0.365085,
        "worst_return": -0.213929,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.026952,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.064277,
        "regime_survival": 0.333333,
        "best_return": 0.251523,
        "worst_return": -0.354624,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": -0.033116,
        "positive_rate": 0.25,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.178662,
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        "best_return": 0.349197,
        "worst_return": -0.393314,
        "sufficient": false
      }
    ],
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        "color": "green",
        "start": "2024-06-07",
        "end": "2024-06-21",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "tenure": "Developing",
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      },
      {
        "regime": "upward_expansion",
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      },
      {
        "regime": "deceleration",
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        "tenure": "Developing",
        "return": 0.015445,
        "active": false
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "end": "2025-08-01",
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        "return": 0.026679,
        "active": false
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        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "end": "2025-08-15",
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        "return": 0.011783,
        "active": false
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      {
        "regime": "balance",
        "label": "Balance",
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        "return": 0.109568,
        "active": false
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        "regime": "rotation_up",
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      {
        "date": "2026-08-07",
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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."
    }
  }
}