{
  "ticker": {
    "uuid": "6894c8d0-4fe8-4704-ab13-b9619b7d5e08",
    "symbol": "CLVT",
    "name": "CLARIVATE PLC",
    "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": 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": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -66.218,
    "architecture_energy": 57.402,
    "architecture_maturity": 32.918,
    "architecture_confidence": 91.431,
    "architecture_tenure": "Developing",
    "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": 23.74,
        "rotation_up": 15.97,
        "upward_expansion": 13.8,
        "deceleration": 36.19,
        "rotation_down": 63.4,
        "downward_expansion": 84.8
      },
      "activity_lines": [
        2.01,
        2.124909,
        2.262286,
        2.314538
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.5
    },
    "latest_close": 1.82,
    "trend_reference": 2.383667,
    "distance_from_trend": -0.23647,
    "trend_direction": "Weakening",
    "fair_value": 5.052179,
    "distance_from_fair_value": -0.639759,
    "fair_value_direction": "Weakening",
    "relative_strength": -45.815051,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.157407,
    "excess_performance": -0.283032,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.23647,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.153728,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.639759,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.138403,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.458151,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.16698,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.157407,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.65559,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 31480834,
      "relative_activity": 1.035435,
      "balance": 0.65559,
      "dry_up": 0.949041,
      "accumulation_observations": 1,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.218998,
      "annualized_volatility": 0.863493,
      "from_high_reference": -0.600439,
      "from_low_reference": 0.096386
    },
    "levels": {
      "trend_reference": 2.383667,
      "fair_value_reference": 5.052179,
      "structural_low": 1.66,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 46,
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        "positive_rate": 0.434783,
        "directional_follow_through": 0.543478,
        "median_excess_return": -0.048062,
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        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 16,
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        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 8,
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        "sufficient": true
      },
      {
        "horizon": "Full cycle",
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      },
      {
        "date": "2026-07-24",
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        "stage": 4,
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      },
      {
        "date": "2026-07-31",
        "close": 1.98,
        "volume": 36598572,
        "typical_volume": 30292930.05,
        "trend": 2.438,
        "fair_value": 5.08609,
        "relative_strength": -39.98375,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.033657,
        "energy": 40.514192,
        "activity_lines": [
          2.152,
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          2.354409
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      },
      {
        "date": "2026-08-07",
        "close": 1.82,
        "volume": 31480834,
        "typical_volume": 30403490.35,
        "trend": 2.383667,
        "fair_value": 5.052179,
        "relative_strength": -45.815051,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.217962,
        "energy": 57.401745,
        "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."
    }
  }
}