{
  "ticker": {
    "uuid": "65ce1416-6e91-4e0e-ada7-971440f06071",
    "symbol": "CLBT",
    "name": "Cellebrite DI",
    "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": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 72.253,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Value reclamation",
    "architecture_gate": "mixed",
    "architecture_direction": 37.455,
    "architecture_energy": 30.157,
    "architecture_maturity": 18.652,
    "architecture_confidence": 42.321,
    "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": 43.3,
        "rotation_up": 52.0,
        "upward_expansion": 50.41,
        "deceleration": 33.37,
        "rotation_down": 24.12,
        "downward_expansion": 11.08
      },
      "activity_lines": [
        15.234333,
        14.937455,
        14.33081,
        14.127462
      ],
      "activity_state": "Compressed",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 16.01,
    "trend_reference": 14.128833,
    "distance_from_trend": 0.133144,
    "trend_direction": "Weakening",
    "fair_value": 14.633814,
    "distance_from_fair_value": 0.094042,
    "fair_value_direction": "Improving",
    "relative_strength": -10.891675,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.129852,
    "excess_performance": -0.057602,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.133144,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.072972,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.094042,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.121229,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.108917,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.181236,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.129852,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.010696,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 4084450,
      "relative_activity": 0.439813,
      "balance": 1.010696,
      "dry_up": 0.619011,
      "accumulation_observations": 4,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.105214,
      "annualized_volatility": 0.639932,
      "from_high_reference": -0.198699,
      "from_low_reference": 0.452813
    },
    "levels": {
      "trend_reference": 14.128833,
      "fair_value_reference": 14.633814,
      "structural_low": 11.02,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 2,
        "median_return": -0.04689,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.042717,
        "regime_survival": 0.5,
        "best_return": 0.00161,
        "worst_return": -0.095391,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 1,
        "median_return": -0.011809,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.059999,
        "regime_survival": 0.0,
        "best_return": -0.011809,
        "worst_return": -0.011809,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 1,
        "median_return": -0.304885,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.251247,
        "regime_survival": 0.0,
        "best_return": -0.304885,
        "worst_return": -0.304885,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 0,
        "median_return": null,
        "positive_rate": null,
        "directional_follow_through": null,
        "median_excess_return": null,
        "regime_survival": null,
        "best_return": null,
        "worst_return": null,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-04-12",
        "end": "2024-06-21",
        "tenure": "Developing",
        "return": 0.126066,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-06-28",
        "end": "2025-03-07",
        "tenure": "Extended",
        "return": 0.470293,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-03-14",
        "end": "2025-04-04",
        "tenure": "New",
        "return": -0.029589,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-04-11",
        "end": "2025-04-25",
        "tenure": "New",
        "return": 0.021852,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-02",
        "end": "2025-05-23",
        "tenure": "New",
        "return": -0.145482,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-05-30",
        "end": "2025-09-19",
        "tenure": "Established",
        "return": 0.055755,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-11-07",
        "tenure": "Developing",
        "return": -0.173376,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-12-19",
        "tenure": "Developing",
        "return": 0.041192,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "return": -0.076589,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2026-01-30",
        "tenure": "New",
        "return": -0.073094,
        "active": false
      },
      {
        "regime": "rotation_down",
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        "return": -0.071277,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "tenure": "Established",
        "return": 0.031484,
        "active": false
      },
      {
        "regime": "balance",
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        "active": true
      }
    ],
    "chart_path": [
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      },
      {
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      },
      {
        "date": "2026-07-03",
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        "relative_strength": -12.802288,
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      },
      {
        "date": "2026-07-10",
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        "relative_strength": -12.469289,
        "stage": 1,
        "regime": "balance",
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        "gate": "mixed",
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      },
      {
        "date": "2026-07-17",
        "close": 15.44,
        "volume": 7371797,
        "typical_volume": 9552078.45,
        "trend": 14.453333,
        "fair_value": 14.491026,
        "relative_strength": -11.296376,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 20.937515,
        "energy": 44.939343,
        "activity_lines": [
          15.217333,
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          13.981476,
          13.998581
        ]
      },
      {
        "date": "2026-07-24",
        "close": 14.215,
        "volume": 6576359,
        "typical_volume": 9435036.0,
        "trend": 14.3135,
        "fair_value": 14.533365,
        "relative_strength": -16.714803,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 26.672221,
        "energy": 44.225242,
        "activity_lines": [
          15.047667,
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          14.021,
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      },
      {
        "date": "2026-07-31",
        "close": 14.75,
        "volume": 4961904,
        "typical_volume": 9416549.15,
        "trend": 14.2105,
        "fair_value": 14.580545,
        "relative_strength": -13.82758,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 25.461417,
        "energy": 36.347064,
        "activity_lines": [
          14.964,
          14.644091,
          14.116643,
          14.011366
        ]
      },
      {
        "date": "2026-08-07",
        "close": 16.01,
        "volume": 4084450,
        "typical_volume": 9286794.2,
        "trend": 14.128833,
        "fair_value": 14.633814,
        "relative_strength": -10.891675,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 37.454725,
        "energy": 30.156899,
        "activity_lines": [
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          14.33081,
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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."
    }
  }
}