{
  "ticker": {
    "uuid": "71f557db-de83-4f29-a56d-7c76e3e52162",
    "symbol": "PYPL",
    "name": "PayPal Holdings, 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": 1,
    "stage_name": "Basing",
    "phase": "1c",
    "phase_label": "Stage 1C \u00b7 Breakout watch",
    "transition": "stage_1_to_2_watch",
    "transition_label": "Stage 1 \u2192 2 watch",
    "confidence": 96.0,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Emerging rotation",
    "architecture_gate": "up",
    "architecture_direction": 80.737,
    "architecture_energy": 93.149,
    "architecture_maturity": 25.141,
    "architecture_confidence": 69.943,
    "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": 18.63,
        "rotation_up": 84.62,
        "upward_expansion": 97.67,
        "deceleration": 41.83,
        "rotation_down": 8.0,
        "downward_expansion": 22.0
      },
      "activity_lines": [
        981.044002,
        908.940183,
        853.59783,
        836.394809
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 1005.01001,
    "trend_reference": 827.674766,
    "distance_from_trend": 0.214257,
    "trend_direction": "Weakening",
    "fair_value": 1179.294097,
    "distance_from_fair_value": -0.147787,
    "fair_value_direction": "Improving",
    "relative_strength": -1.305795,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.450334,
    "excess_performance": 0.505,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.214257,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.094829,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.147787,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.204701,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.013058,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.368229,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.450334,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 9.764092,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 17180,
      "relative_activity": 0.726426,
      "balance": 9.764092,
      "dry_up": 2.231972,
      "accumulation_observations": 1,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.046,
      "annualized_volatility": 0.428353,
      "from_high_reference": -0.310587,
      "from_low_reference": 0.513146
    },
    "levels": {
      "trend_reference": 827.674766,
      "fair_value_reference": 1179.294097,
      "structural_low": 664.18587,
      "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": 2,
        "median_return": -0.084313,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.052661,
        "regime_survival": 0.5,
        "best_return": 9.2e-05,
        "worst_return": -0.168718,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 1,
        "median_return": -0.154035,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.218134,
        "regime_survival": 0.0,
        "best_return": -0.154035,
        "worst_return": -0.154035,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 1,
        "median_return": -0.301115,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.41102,
        "regime_survival": 0.0,
        "best_return": -0.301115,
        "worst_return": -0.301115,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": -0.480131,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.577754,
        "regime_survival": 0.0,
        "best_return": -0.480131,
        "worst_return": -0.480131,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2021-11-12",
        "end": "2022-08-12",
        "tenure": "Extended",
        "return": -0.532151,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2022-08-19",
        "end": "2022-09-30",
        "tenure": "Developing",
        "return": -0.108087,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2022-10-07",
        "end": "2022-11-25",
        "tenure": "Developing",
        "return": -0.138898,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2022-12-02",
        "end": "2022-12-16",
        "tenure": "New",
        "return": -0.054153,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2022-12-23",
        "end": "2023-12-15",
        "tenure": "Extended",
        "return": -0.210646,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2023-12-22",
        "end": "2024-04-26",
        "tenure": "Established",
        "return": 0.070358,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-05-03",
        "end": "2024-06-28",
        "tenure": "Developing",
        "return": -0.042553,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-07-05",
        "end": "2024-08-09",
        "tenure": "Developing",
        "return": 0.121676,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-02-28",
        "tenure": "Extended",
        "return": 0.145362,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-03-07",
        "end": "2025-03-28",
        "tenure": "New",
        "return": -0.070592,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "start": "2025-04-04",
        "end": "2025-07-18",
        "tenure": "Established",
        "return": 0.150713,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-08-15",
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        "return": -0.102186,
        "active": false
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      {
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      {
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        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
        "close": 991.0,
        "volume": 17859,
        "typical_volume": 23087.15,
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        "fair_value": 1179.568316,
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        "stage": 1,
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        "gate": "mixed",
        "direction": 57.115385,
        "energy": 84.492836,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 1005.01001,
        "volume": 17180,
        "typical_volume": 23650.05,
        "trend": 827.674766,
        "fair_value": 1179.294097,
        "relative_strength": -1.305795,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
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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."
    }
  }
}