{
  "ticker": {
    "uuid": "691d1579-f536-48ae-9cff-332edbcd706c",
    "symbol": "ASR",
    "name": "Grupo Aeroportuario del Sureste SAB de CV ADR",
    "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": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "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": -61.843,
    "architecture_energy": 70.161,
    "architecture_maturity": 27.41,
    "architecture_confidence": 84.643,
    "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": 17.26,
        "rotation_up": 11.3,
        "upward_expansion": 15.98,
        "deceleration": 37.71,
        "rotation_down": 69.37,
        "downward_expansion": 89.32
      },
      "activity_lines": [
        275.58,
        284.124909,
        291.516749,
        300.832359
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 276.68,
    "trend_reference": 313.563626,
    "distance_from_trend": -0.117627,
    "trend_direction": "Weakening",
    "fair_value": 266.842975,
    "distance_from_fair_value": 0.036864,
    "fair_value_direction": "Weakening",
    "relative_strength": -20.64441,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.233821,
    "excess_performance": -0.359446,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.117627,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.017546,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.036864,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.121384,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.206444,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.074306,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.233821,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.54823,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 421474,
      "relative_activity": 1.190015,
      "balance": 1.54823,
      "dry_up": 0.981813,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.068888,
      "annualized_volatility": 0.28778,
      "from_high_reference": -0.261133,
      "from_low_reference": 0.068221
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    "levels": {
      "trend_reference": 313.563626,
      "fair_value_reference": 266.842975,
      "structural_low": 259.01,
      "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": 13,
        "median_return": -0.008569,
        "positive_rate": 0.384615,
        "directional_follow_through": 0.615385,
        "median_excess_return": -0.004548,
        "regime_survival": 0.692308,
        "best_return": 0.310313,
        "worst_return": -0.181253,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": 0.041055,
        "positive_rate": 0.6,
        "directional_follow_through": 0.4,
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        "regime_survival": 0.4,
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        "worst_return": -0.139319,
        "sufficient": true
      },
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        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.106934,
        "positive_rate": 1.0,
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        "worst_return": 0.005308,
        "sufficient": false
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      {
        "horizon": "Full cycle",
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        "sufficient": false
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        "end": "2024-12-20",
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        "regime": "balance",
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      {
        "regime": "upward_expansion",
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      },
      {
        "date": "2026-04-24",
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        "modifier": "Upper balance after advance",
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      },
      {
        "date": "2026-05-08",
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      },
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        "date": "2026-06-05",
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      },
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        "date": "2026-06-12",
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "relative_strength": -17.554828,
        "stage": 3,
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      },
      {
        "date": "2026-07-17",
        "close": 279.71,
        "volume": 299841,
        "typical_volume": 347508.8,
        "trend": 318.22613,
        "fair_value": 265.939577,
        "relative_strength": -17.530365,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.248409,
        "energy": 37.553681,
        "activity_lines": [
          293.102,
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          300.456447,
          309.184129
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      },
      {
        "date": "2026-07-24",
        "close": 267.76,
        "volume": 345046,
        "typical_volume": 346722.6,
        "trend": 316.345053,
        "fair_value": 266.164746,
        "relative_strength": -20.296044,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -75.234481,
        "energy": 65.815185,
        "activity_lines": [
          282.87,
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          296.698802,
          305.928249
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      },
      {
        "date": "2026-07-31",
        "close": 275.62,
        "volume": 324575,
        "typical_volume": 351072.0,
        "trend": 314.941253,
        "fair_value": 266.50477,
        "relative_strength": -18.528461,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.989666,
        "energy": 71.390599,
        "activity_lines": [
          277.954667,
          286.570182,
          293.972101,
          303.300827
        ]
      },
      {
        "date": "2026-08-07",
        "close": 276.68,
        "volume": 421474,
        "typical_volume": 354175.35,
        "trend": 313.563626,
        "fair_value": 266.842975,
        "relative_strength": -20.64441,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.843138,
        "energy": 70.161234,
        "activity_lines": [
          275.58,
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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."
    }
  }
}