{
  "ticker": {
    "uuid": "6f378d1c-e5cf-4607-b83c-e3dbaf2f531a",
    "symbol": "MCHP",
    "name": "Microchip Technology 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": 4,
    "stage_name": "Declining",
    "phase": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 64.893,
    "architecture_regime": "rotation_down",
    "architecture_regime_label": "Rotation Down",
    "architecture_modifier": "Structural failure",
    "architecture_gate": "mixed",
    "architecture_direction": -53.049,
    "architecture_energy": 73.932,
    "architecture_maturity": 8.9,
    "architecture_confidence": 91.62,
    "architecture_tenure": "New",
    "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": 26.73,
        "rotation_up": 14.0,
        "upward_expansion": 34.44,
        "deceleration": 50.83,
        "rotation_down": 75.11,
        "downward_expansion": 50.44
      },
      "activity_lines": [
        1387.907991,
        1458.587267,
        1507.50307,
        1463.084936
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.5
    },
    "latest_close": 1290.420044,
    "trend_reference": 1412.219014,
    "distance_from_trend": -0.086247,
    "trend_direction": "Improving",
    "fair_value": 1352.22614,
    "distance_from_fair_value": -0.045707,
    "fair_value_direction": "Weakening",
    "relative_strength": -3.771119,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.003534,
    "excess_performance": 0.051133,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.086247,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.098557,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.045707,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.292144,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.037711,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.254144,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.003534,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.077809,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 3242,
      "relative_activity": 3.223786,
      "balance": 0.077809,
      "dry_up": 0.98767,
      "accumulation_observations": 0,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.048361,
      "annualized_volatility": 0.448836,
      "from_high_reference": -0.262407,
      "from_low_reference": 0.419609
    },
    "levels": {
      "trend_reference": 1412.219014,
      "fair_value_reference": 1352.22614,
      "structural_low": 1099.687134,
      "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": 12,
        "median_return": 0.036725,
        "positive_rate": 0.75,
        "directional_follow_through": 0.166667,
        "median_excess_return": 0.020976,
        "regime_survival": 0.333333,
        "best_return": 0.360622,
        "worst_return": -0.203073,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": 0.074282,
        "positive_rate": 0.571429,
        "directional_follow_through": 0.428571,
        "median_excess_return": 0.044381,
        "regime_survival": 0.0,
        "best_return": 0.454959,
        "worst_return": -0.22349,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": 0.020927,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.004752,
        "regime_survival": 0.166667,
        "best_return": 0.5106,
        "worst_return": -0.219317,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.052738,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.000812,
        "regime_survival": 0.0,
        "best_return": 0.119294,
        "worst_return": -0.195971,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-05-16",
        "end": "2025-05-23",
        "tenure": "New",
        "return": -0.120402,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-05-30",
        "end": "2025-06-06",
        "tenure": "New",
        "return": 0.221626,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-06-13",
        "end": "2025-07-11",
        "tenure": "Developing",
        "return": 0.055303,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-18",
        "end": "2025-08-08",
        "tenure": "New",
        "return": -0.160165,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-08-15",
        "end": "2025-10-31",
        "tenure": "Developing",
        "return": -0.000402,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-11-07",
        "end": "2025-11-21",
        "tenure": "New",
        "return": -0.155018,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-11-28",
        "end": "2026-01-02",
        "tenure": "Developing",
        "return": 0.190722,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-01-09",
        "end": "2026-02-13",
        "tenure": "Developing",
        "return": 0.005809,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-02-20",
        "end": "2026-03-06",
        "tenure": "New",
        "return": -0.143643,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-03-13",
        "end": "2026-04-10",
        "tenure": "Developing",
        "return": 0.125455,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-04-17",
        "end": "2026-05-01",
        "tenure": "New",
        "return": 0.163743,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "return": -0.085495,
        "active": false
      },
      {
        "regime": "deceleration",
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        "return": -0.098656,
        "active": false
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "start": "2026-08-07",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.0,
        "active": true
      }
    ],
    "chart_path": [
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        "activity_lines": [
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      },
      {
        "date": "2026-04-03",
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      },
      {
        "date": "2026-04-10",
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        "relative_strength": -8.320264,
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      },
      {
        "date": "2026-04-17",
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        "relative_strength": 0.516943,
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      },
      {
        "date": "2026-04-24",
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      },
      {
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      },
      {
        "date": "2026-05-08",
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        "relative_strength": 21.643291,
        "stage": 2,
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        "modifier": "Re-accelerating",
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      },
      {
        "date": "2026-05-15",
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 1446.3,
        "trend": 1271.175779,
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        "relative_strength": 17.177918,
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        "modifier": "Re-accelerating",
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      },
      {
        "date": "2026-05-29",
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        "trend": 1285.522231,
        "fair_value": 1353.335777,
        "relative_strength": 20.887943,
        "stage": 2,
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        "modifier": "Re-accelerating",
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      },
      {
        "date": "2026-06-05",
        "close": 1572.060059,
        "volume": 912,
        "typical_volume": 1424.2,
        "trend": 1300.765236,
        "fair_value": 1353.660861,
        "relative_strength": 18.139312,
        "stage": 2,
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        "energy": 66.708457,
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      },
      {
        "date": "2026-06-12",
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        "volume": 0,
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        "trend": 1320.90187,
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        "relative_strength": 16.963927,
        "stage": 2,
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        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "volume": 51,
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        "trend": 1363.3979,
        "fair_value": 1355.076144,
        "relative_strength": 13.741612,
        "stage": 2,
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        "modifier": "Re-accelerating",
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        "energy": 45.138184,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
        "close": 1540.0,
        "volume": 0,
        "typical_volume": 829.4,
        "trend": 1374.282332,
        "fair_value": 1355.441266,
        "relative_strength": 13.987893,
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        "modifier": "Recompressing",
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      },
      {
        "date": "2026-07-10",
        "close": 1550.01001,
        "volume": 16,
        "typical_volume": 808.0,
        "trend": 1385.500431,
        "fair_value": 1355.546279,
        "relative_strength": 15.842815,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
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        "energy": 33.601599,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 1550.01001,
        "volume": 0,
        "typical_volume": 808.0,
        "trend": 1398.691304,
        "fair_value": 1355.651292,
        "relative_strength": 15.763808,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 38.721352,
        "energy": 27.632103,
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          1553.088672,
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          1536.244193,
          1472.948974
        ]
      },
      {
        "date": "2026-07-24",
        "close": 1388.069946,
        "volume": 731,
        "typical_volume": 844.05,
        "trend": 1406.484176,
        "fair_value": 1354.718228,
        "relative_strength": 4.171847,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 2.853241,
        "energy": 19.927742,
        "activity_lines": [
          1494.027987,
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          1472.263725
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      },
      {
        "date": "2026-07-31",
        "close": 1388.069946,
        "volume": 0,
        "typical_volume": 843.55,
        "trend": 1414.277047,
        "fair_value": 1353.785164,
        "relative_strength": 3.430061,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -17.556338,
        "energy": 32.709623,
        "activity_lines": [
          1452.178638,
          1504.70253,
          1524.561479,
          1471.075711
        ]
      },
      {
        "date": "2026-08-07",
        "close": 1290.420044,
        "volume": 3242,
        "typical_volume": 1005.65,
        "trend": 1412.219014,
        "fair_value": 1352.22614,
        "relative_strength": -3.771119,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "mixed",
        "direction": -53.048657,
        "energy": 73.931538,
        "activity_lines": [
          1387.907991,
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          1463.084936
        ]
      }
    ],
    "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."
    }
  }
}