{ "ticker": { "uuid": "6bc2b842-4d8f-4c22-9561-1b2eb6d084d4", "symbol": "SBAC", "name": "SBA Communications Corp", "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": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 74.894, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Structural failure", "architecture_gate": "down", "architecture_direction": -58.348, "architecture_energy": 42.424, "architecture_maturity": 14.364, "architecture_confidence": 83.624, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 30.37, "rotation_up": 14.45, "upward_expansion": 5.3, "deceleration": 48.49, "rotation_down": 60.67, "downward_expansion": 78.63 }, "activity_lines": [ 181.746, 184.249818, 192.685865, 194.325951 ], "activity_state": "Moderate", "activity_direction": "Stable", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 184.03, "trend_reference": 194.648206, "distance_from_trend": -0.054551, "trend_direction": "Weakening", "fair_value": 205.085569, "distance_from_fair_value": -0.102667, "fair_value_direction": "Weakening", "relative_strength": -17.279002, "relative_strength_direction": "Weakening", "price_momentum": 0.031204, "excess_performance": -0.15625, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.054551, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.002357, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.102667, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.14977, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.17279, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.058601, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.031204, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.059834, "read": "Demand-led" } ], "volume": { "latest": 7903123, "relative_activity": 1.426981, "balance": 1.059834, "dry_up": 1.006373, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.075061, "annualized_volatility": 0.4387, "from_high_reference": -0.175136, "from_low_reference": 0.14001 }, "levels": { "trend_reference": 194.648206, "fair_value_reference": 205.085569, "structural_low": 161.42841, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 4, "median_return": -0.029961, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.036517, "regime_survival": 0.25, "best_return": 0.016297, "worst_return": -0.031574, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 3, "median_return": -0.035779, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.12282, "regime_survival": 0.0, "best_return": 0.072647, "worst_return": -0.108358, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.082258, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.019902, "regime_survival": 0.0, "best_return": 0.147255, "worst_return": -0.000177, "sufficient": false }, { "horizon": "Full cycle", 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"2026-07-24", "close": 173.57, "volume": 4036632, "typical_volume": 5238348.15, "trend": 194.780166, "fair_value": 205.481931, "relative_strength": -18.894344, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.964448, "energy": 61.467431, "activity_lines": [ 182.238667, 187.474364, 195.511319, 195.890331 ] }, { "date": "2026-07-31", "close": 180.98, "volume": 6960802, "typical_volume": 5349458.15, "trend": 194.477723, "fair_value": 205.295661, "relative_strength": -15.155542, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.822747, "energy": 45.237834, "activity_lines": [ 181.391333, 185.361273, 193.93925, 194.999998 ] }, { "date": "2026-08-07", "close": 184.03, "volume": 7903123, "typical_volume": 5538352.4, "trend": 194.648206, "fair_value": 205.085569, "relative_strength": -17.279002, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -58.347958, "energy": 42.423671, "activity_lines": [ 181.746, 184.249818, 192.685865, 194.325951 ] } ], "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." } } }