{
  "ticker": {
    "uuid": "68dba2cf-363b-41e9-9806-cc280941c57f",
    "symbol": "MA",
    "name": "Mastercard Incorporated",
    "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": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 87.311,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Value reclamation",
    "architecture_gate": "up",
    "architecture_direction": 70.273,
    "architecture_energy": 84.996,
    "architecture_maturity": 11.984,
    "architecture_confidence": 64.525,
    "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": 18.93,
        "rotation_up": 83.23,
        "upward_expansion": 98.4,
        "deceleration": 39.02,
        "rotation_down": 8.11,
        "downward_expansion": 20.4
      },
      "activity_lines": [
        9640.730729,
        9372.068447,
        9069.894682,
        9002.257332
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 9665.0,
    "trend_reference": 8992.381161,
    "distance_from_trend": 0.074799,
    "trend_direction": "Weakening",
    "fair_value": 9230.137659,
    "distance_from_fair_value": 0.047113,
    "fair_value_direction": "Improving",
    "relative_strength": -1.992205,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.025558,
    "excess_performance": 0.080225,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.074799,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.036902,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.047113,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.100691,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.019922,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.217156,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.025558,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.43566,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 1035,
      "relative_activity": 0.410364,
      "balance": 0.43566,
      "dry_up": 0.883373,
      "accumulation_observations": 1,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.034447,
      "annualized_volatility": 0.213686,
      "from_high_reference": -0.133431,
      "from_low_reference": 0.155256
    },
    "levels": {
      "trend_reference": 8992.381161,
      "fair_value_reference": 9230.137659,
      "structural_low": 8366.111002,
      "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": 6,
        "median_return": -0.024169,
        "positive_rate": 0.166667,
        "directional_follow_through": 0.166667,
        "median_excess_return": -0.00995,
        "regime_survival": 0.166667,
        "best_return": 0.037863,
        "worst_return": -0.051253,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": -0.067613,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.120708,
        "regime_survival": 0.0,
        "best_return": -0.016461,
        "worst_return": -0.091802,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.050252,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.025347,
        "regime_survival": 0.0,
        "best_return": -0.008324,
        "worst_return": -0.152352,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.021373,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.038756,
        "regime_survival": 0.5,
        "best_return": 0.023662,
        "worst_return": -0.066408,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2023-11-03",
        "end": "2023-12-08",
        "tenure": "Developing",
        "return": 0.063953,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-12-15",
        "end": "2024-04-05",
        "tenure": "Established",
        "return": 0.095991,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-04-12",
        "end": "2024-06-14",
        "tenure": "Developing",
        "return": 0.059347,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-06-21",
        "end": "2025-03-14",
        "tenure": "Extended",
        "return": 0.278212,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-03-21",
        "end": "2025-04-18",
        "tenure": "Developing",
        "return": -0.056846,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-04-25",
        "end": "2025-05-09",
        "tenure": "New",
        "return": 0.07267,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-16",
        "end": "2025-06-27",
        "tenure": "Developing",
        "return": -0.083223,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-07-04",
        "end": "2025-08-15",
        "tenure": "Developing",
        "return": 0.018298,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-08-22",
        "end": "2025-08-29",
        "tenure": "New",
        "return": -0.004426,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-09-05",
        "end": "2025-09-12",
        "tenure": "New",
        "return": -0.015518,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-09-19",
        "end": "2025-10-10",
        "tenure": "New",
        "return": -0.037123,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-10-17",
        "end": "2026-07-03",
        "tenure": "Extended",
        "return": -0.097874,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-07-10",
        "end": "2026-07-17",
        "tenure": "New",
        "return": 0.043825,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-07-24",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.026226,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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        "typical_volume": 1864.35,
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      },
      {
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      },
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      },
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      },
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      {
        "date": "2026-03-27",
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      {
        "date": "2026-07-03",
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      {
        "date": "2026-07-10",
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        "relative_strength": -8.497113,
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      },
      {
        "date": "2026-07-17",
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        "volume": 5311,
        "typical_volume": 2907.15,
        "trend": 9053.961109,
        "fair_value": 9171.832343,
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        "stage": 1,
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        "gate": "mixed",
        "direction": 43.709576,
        "energy": 46.727531,
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      },
      {
        "date": "2026-07-24",
        "close": 9418.0,
        "volume": 372,
        "typical_volume": 2569.15,
        "trend": 9022.363322,
        "fair_value": 9190.548692,
        "relative_strength": -4.653181,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 34.202999,
        "energy": 63.379619,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 9944.990234,
        "volume": 2194,
        "typical_volume": 2496.55,
        "trend": 9018.923608,
        "fair_value": 9211.279007,
        "relative_strength": 0.330162,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 61.918436,
        "energy": 81.682354,
        "activity_lines": [
          9576.191678,
          9253.706768,
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      },
      {
        "date": "2026-08-07",
        "close": 9665.0,
        "volume": 1035,
        "typical_volume": 2522.15,
        "trend": 8992.381161,
        "fair_value": 9230.137659,
        "relative_strength": -1.992205,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 70.27345,
        "energy": 84.996007,
        "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."
    }
  }
}