{
  "ticker": {
    "uuid": "6c2edd67-f08c-4ab8-9bb9-65535ce8d098",
    "symbol": "FTNT",
    "name": "Fortinet, Inc.",
    "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": 2,
    "stage_name": "Advancing",
    "phase": "2c",
    "phase_label": "Stage 2C \u00b7 Late advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 68.029,
    "architecture_energy": 66.6,
    "architecture_maturity": 99.0,
    "architecture_confidence": 86.571,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 8.74,
        "rotation_up": 55.3,
        "upward_expansion": 85.33,
        "deceleration": 68.66,
        "rotation_down": 29.93,
        "downward_expansion": 12.0
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      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 2734.0,
    "trend_reference": 1938.666675,
    "distance_from_trend": 0.410248,
    "trend_direction": "Improving",
    "fair_value": 1555.20218,
    "distance_from_fair_value": 0.757971,
    "fair_value_direction": "Improving",
    "relative_strength": 53.105583,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.954826,
    "excess_performance": 1.009493,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.410248,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.260189,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.757971,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.39891,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.531056,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.42578,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.954826,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 413.114173,
        "read": "Demand-led"
      }
    ],
    "volume": {
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      "relative_activity": 1.242628,
      "balance": 413.114173,
      "dry_up": 2.793474,
      "accumulation_observations": 4,
      "distribution_observations": 0
    },
    "risk": {
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      "annualized_volatility": 0.484119,
      "from_high_reference": -0.057566,
      "from_low_reference": 1.098235
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    "levels": {
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      "fair_value_reference": 1555.20218,
      "structural_low": 1303.0,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 18,
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        "sufficient": true
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      },
      {
        "date": "2026-04-10",
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        "date": "2026-04-17",
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      },
      {
        "date": "2026-05-08",
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      },
      {
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      },
      {
        "date": "2026-05-29",
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      },
      {
        "date": "2026-06-05",
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      },
      {
        "date": "2026-06-12",
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        "date": "2026-06-19",
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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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        "energy": 77.458881,
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      },
      {
        "date": "2026-07-17",
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        "volume": 3946,
        "typical_volume": 6843.2,
        "trend": 1811.071672,
        "fair_value": 1524.39641,
        "relative_strength": 63.427934,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
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        "energy": 74.40834,
        "activity_lines": [
          2763.533333,
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          2303.023482,
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      },
      {
        "date": "2026-07-24",
        "close": 2663.47998,
        "volume": 207,
        "typical_volume": 6741.35,
        "trend": 1851.254338,
        "fair_value": 1533.23282,
        "relative_strength": 53.129881,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.442375,
        "energy": 68.497936,
        "activity_lines": [
          2747.42666,
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          2364.79648,
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      },
      {
        "date": "2026-07-31",
        "close": 2681.370117,
        "volume": 53862,
        "typical_volume": 5691.8,
        "trend": 1894.433341,
        "fair_value": 1544.176539,
        "relative_strength": 52.025412,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.556487,
        "energy": 66.725921,
        "activity_lines": [
          2729.118034,
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          2422.637681,
          2181.058463
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      },
      {
        "date": "2026-08-07",
        "close": 2734.0,
        "volume": 7259,
        "typical_volume": 5841.65,
        "trend": 1938.666675,
        "fair_value": 1555.20218,
        "relative_strength": 53.105583,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.028796,
        "energy": 66.600021,
        "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."
    }
  }
}