{
  "ticker": {
    "uuid": "65367348-7ef4-438e-acbf-b684df2131d2",
    "symbol": "ETSY",
    "name": "Etsy, Inc.",
    "exchange": "VIE",
    "country": "AT",
    "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": "^ATX",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2c",
    "phase_label": "Stage 2C \u00b7 Late advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 77.779,
    "architecture_energy": 70.156,
    "architecture_maturity": 44.919,
    "architecture_confidence": 82.077,
    "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": 0.87,
        "rotation_up": 75.37,
        "upward_expansion": 90.0,
        "deceleration": 53.81,
        "rotation_down": 17.64,
        "downward_expansion": 12.0
      },
      "activity_lines": [
        72.174667,
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        64.425048,
        59.996979
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 73.839996,
    "trend_reference": 55.115834,
    "distance_from_trend": 0.339724,
    "trend_direction": "Improving",
    "fair_value": 54.898942,
    "distance_from_fair_value": 0.345017,
    "fair_value_direction": "Improving",
    "relative_strength": 12.320006,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.50617,
    "excess_performance": 0.331923,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.339724,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.136085,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.345017,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.379582,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.1232,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.205931,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.50617,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.337312,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1179,
      "relative_activity": 2.278041,
      "balance": 2.337312,
      "dry_up": 2.108492,
      "accumulation_observations": 4,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.061318,
      "annualized_volatility": 0.531542,
      "from_high_reference": -0.027141,
      "from_low_reference": 0.988956
    },
    "levels": {
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      "fair_value_reference": 54.898942,
      "structural_low": 37.125,
      "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": 14,
        "median_return": -0.083948,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.428571,
        "median_excess_return": -0.05359,
        "regime_survival": 0.714286,
        "best_return": 0.261187,
        "worst_return": -0.294706,
        "sufficient": true
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        "horizon": "Intermediate",
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        "worst_return": -0.319951,
        "sufficient": true
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      },
      {
        "date": "2026-05-08",
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        "trend": 49.124833,
        "fair_value": 56.30625,
        "relative_strength": -8.273069,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
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      },
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        "date": "2026-05-15",
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        "typical_volume": 532.55,
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        "relative_strength": -14.622442,
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        "energy": 57.29385,
        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "modifier": "Emerging rotation",
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        "activity_lines": [
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      },
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        "date": "2026-05-29",
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        "relative_strength": -5.848213,
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        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
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        "relative_strength": -3.343683,
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      },
      {
        "date": "2026-06-12",
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        "relative_strength": -3.821426,
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      },
      {
        "date": "2026-06-26",
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        "typical_volume": 479.55,
        "trend": 50.506,
        "fair_value": 55.273301,
        "relative_strength": 7.773362,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 89.943985,
        "energy": 95.115283,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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        "volume": 135,
        "typical_volume": 454.75,
        "trend": 51.2145,
        "fair_value": 55.216699,
        "relative_strength": 3.11089,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 79.335602,
        "energy": 91.717107,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 69.139999,
        "volume": 1088,
        "typical_volume": 407.15,
        "trend": 51.978833,
        "fair_value": 55.131058,
        "relative_strength": 7.672302,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 80.14138,
        "energy": 91.939431,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 72.660004,
        "volume": 1132,
        "typical_volume": 416.85,
        "trend": 52.849667,
        "fair_value": 55.022404,
        "relative_strength": 15.282779,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 86.004749,
        "energy": 93.992354,
        "activity_lines": [
          69.489335,
          65.682183,
          59.977239,
          56.416463
        ]
      },
      {
        "date": "2026-07-24",
        "close": 71.440002,
        "volume": 1450,
        "typical_volume": 449.35,
        "trend": 53.674834,
        "fair_value": 54.899519,
        "relative_strength": 11.893771,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 74.45895,
        "energy": 84.567276,
        "activity_lines": [
          70.524002,
          67.387638,
          61.508168,
          57.615839
        ]
      },
      {
        "date": "2026-07-31",
        "close": 71.160004,
        "volume": 604,
        "typical_volume": 469.05,
        "trend": 54.4175,
        "fair_value": 54.873878,
        "relative_strength": 11.543964,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.192113,
        "energy": 74.95351,
        "activity_lines": [
          70.993336,
          68.658184,
          62.900477,
          58.743915
        ]
      },
      {
        "date": "2026-08-07",
        "close": 73.839996,
        "volume": 1179,
        "typical_volume": 517.55,
        "trend": 55.115834,
        "fair_value": 54.898942,
        "relative_strength": 12.320006,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 77.779487,
        "energy": 70.156146,
        "activity_lines": [
          72.174667,
          70.073819,
          64.425048,
          59.996979
        ]
      }
    ],
    "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."
    }
  }
}