{
  "ticker": {
    "uuid": "7362bdeb-170f-4d38-9862-1eeecaac95a4",
    "symbol": "FWONK",
    "name": "Liberty Media Corporation Series C Liberty Formula One Common Stock",
    "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": 2,
    "stage_name": "Advancing",
    "phase": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 58.145,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 72.433,
    "architecture_energy": 66.161,
    "architecture_maturity": 19.102,
    "architecture_confidence": 70.603,
    "architecture_tenure": "New",
    "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": 19.12,
        "rotation_up": 69.46,
        "upward_expansion": 86.21,
        "deceleration": 47.75,
        "rotation_down": 12.39,
        "downward_expansion": 12.87
      },
      "activity_lines": [
        99.896667,
        97.804545,
        94.580381,
        92.491215
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 102.85,
    "trend_reference": 90.316167,
    "distance_from_trend": 0.138777,
    "trend_direction": "Weakening",
    "fair_value": 84.053301,
    "distance_from_fair_value": 0.223628,
    "fair_value_direction": "Improving",
    "relative_strength": -4.442086,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.206452,
    "excess_performance": 0.018998,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.138777,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.001662,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.223628,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.075825,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.044421,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.136153,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.206452,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.798022,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 12047991,
      "relative_activity": 1.257318,
      "balance": 1.798022,
      "dry_up": 1.070031,
      "accumulation_observations": 4,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.059957,
      "annualized_volatility": 0.287498,
      "from_high_reference": -0.059551,
      "from_low_reference": 0.283219
    },
    "levels": {
      "trend_reference": 90.316167,
      "fair_value_reference": 84.053301,
      "structural_low": 80.15,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 34,
        "median_return": 0.009833,
        "positive_rate": 0.558824,
        "directional_follow_through": 0.558824,
        "median_excess_return": -0.017997,
        "regime_survival": 0.735294,
        "best_return": 0.11952,
        "worst_return": -0.154352,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 14,
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        "worst_return": -0.126168,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 8,
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        "directional_follow_through": 0.625,
        "median_excess_return": 0.047179,
        "regime_survival": 0.5,
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        "worst_return": -0.161881,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
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        "worst_return": -0.061506,
        "sufficient": false
      }
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        "regime": "rotation_down",
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      },
      {
        "date": "2026-04-24",
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      },
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        "date": "2026-05-01",
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        "modifier": "Balance after decline",
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      },
      {
        "date": "2026-05-08",
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      },
      {
        "date": "2026-05-15",
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        "trend": 90.9715,
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        "relative_strength": -21.507918,
        "stage": 4,
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        "direction": -9.00953,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "trend": 90.7685,
        "fair_value": 82.517158,
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        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -9.985252,
        "energy": 10.598247,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 10228834.8,
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        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 10099640.65,
        "trend": 89.989167,
        "fair_value": 82.731489,
        "relative_strength": -20.871347,
        "stage": 4,
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        "direction": -25.312018,
        "energy": 11.162957,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "fair_value": 82.809344,
        "relative_strength": -20.965255,
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        "modifier": "Balance after decline",
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      },
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        "date": "2026-06-19",
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        "relative_strength": -20.709812,
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      },
      {
        "date": "2026-06-26",
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        "relative_strength": -15.026402,
        "stage": 4,
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        "modifier": "Balance after decline",
        "gate": "mixed",
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      },
      {
        "date": "2026-07-03",
        "close": 98.5,
        "volume": 9306606,
        "typical_volume": 10076811.4,
        "trend": 89.650833,
        "fair_value": 83.195499,
        "relative_strength": -9.424989,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 45.931743,
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 10228708.8,
        "trend": 89.7295,
        "fair_value": 83.345224,
        "relative_strength": -12.575547,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 62.343183,
        "energy": 62.870663,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 102.2,
        "volume": 11948424,
        "typical_volume": 10028587.95,
        "trend": 89.896833,
        "fair_value": 83.53266,
        "relative_strength": -2.550576,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 79.586779,
        "energy": 77.148011,
        "activity_lines": [
          97.741333,
          94.533091,
          92.018238,
          90.66271
        ]
      },
      {
        "date": "2026-07-24",
        "close": 97.05,
        "volume": 7097021,
        "typical_volume": 9674956.75,
        "trend": 89.894167,
        "fair_value": 83.689968,
        "relative_strength": -5.47617,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.532286,
        "energy": 70.000709,
        "activity_lines": [
          98.107333,
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          92.719,
          91.124204
        ]
      },
      {
        "date": "2026-07-31",
        "close": 98.13,
        "volume": 9919997,
        "typical_volume": 9502032.8,
        "trend": 89.897167,
        "fair_value": 83.843814,
        "relative_strength": -4.497975,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 59.907366,
        "energy": 61.367192,
        "activity_lines": [
          98.414,
          96.238,
          93.459381,
          91.655548
        ]
      },
      {
        "date": "2026-08-07",
        "close": 102.85,
        "volume": 12047991,
        "typical_volume": 9582295.75,
        "trend": 90.316167,
        "fair_value": 84.053301,
        "relative_strength": -4.442086,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 72.433038,
        "energy": 66.161448,
        "activity_lines": [
          99.896667,
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          94.580381,
          92.491215
        ]
      }
    ],
    "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."
    }
  }
}