{
  "ticker": {
    "uuid": "7c4f7821-954b-4b87-aa09-ee7dd57d057f",
    "symbol": "WH",
    "name": "Wyndham Hotels & Resorts Inc",
    "exchange": "NYSE",
    "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": "SPY",
    "stage": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 90.406,
    "architecture_regime": "rotation_down",
    "architecture_regime_label": "Rotation Down",
    "architecture_modifier": "Supply rotation",
    "architecture_gate": "mixed",
    "architecture_direction": -36.929,
    "architecture_energy": 55.567,
    "architecture_maturity": 9.644,
    "architecture_confidence": 71.634,
    "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": 34.77,
        "rotation_up": 16.93,
        "upward_expansion": 19.58,
        "deceleration": 43.57,
        "rotation_down": 68.88,
        "downward_expansion": 61.25
      },
      "activity_lines": [
        74.716,
        77.469894,
        79.327473,
        79.587437
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.833333
    },
    "latest_close": 73.81,
    "trend_reference": 79.412208,
    "distance_from_trend": -0.070546,
    "trend_direction": "Improving",
    "fair_value": 79.250075,
    "distance_from_fair_value": -0.068644,
    "fair_value_direction": "Weakening",
    "relative_strength": -16.495414,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.034559,
    "excess_performance": -0.160184,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.070546,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.021433,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.068644,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.119154,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.164954,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.080647,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.034559,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.60241,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 5880385,
      "relative_activity": 0.934798,
      "balance": 0.60241,
      "dry_up": 1.080488,
      "accumulation_observations": 3,
      "distribution_observations": 5
    },
    "risk": {
      "range_context": 0.07762,
      "annualized_volatility": 0.29737,
      "from_high_reference": -0.178748,
      "from_low_reference": 0.083854
    },
    "levels": {
      "trend_reference": 79.412208,
      "fair_value_reference": 79.250075,
      "structural_low": 71.268934,
      "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": 5,
        "median_return": 0.002771,
        "positive_rate": 0.6,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.010522,
        "regime_survival": 0.4,
        "best_return": 0.032982,
        "worst_return": -0.057485,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": 0.015556,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.071263,
        "regime_survival": 0.0,
        "best_return": 0.030053,
        "worst_return": -0.112389,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.034714,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.017109,
        "regime_survival": 0.0,
        "best_return": 0.14452,
        "worst_return": -0.037458,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.15268,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.143614,
        "regime_survival": 0.333333,
        "best_return": 0.191798,
        "worst_return": 0.035782,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-02-23",
        "end": "2024-04-05",
        "tenure": "Developing",
        "return": -0.077056,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-04-12",
        "end": "2024-05-03",
        "tenure": "New",
        "return": 0.014965,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-05-10",
        "end": "2024-07-05",
        "tenure": "Developing",
        "return": 0.004843,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-07-12",
        "end": "2024-08-23",
        "tenure": "Developing",
        "return": 0.049358,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-08-30",
        "end": "2024-09-06",
        "tenure": "New",
        "return": -0.016645,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-09-13",
        "end": "2025-03-07",
        "tenure": "Established",
        "return": 0.266484,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-03-14",
        "end": "2025-05-02",
        "tenure": "Developing",
        "return": -0.028582,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-05-09",
        "end": "2025-07-18",
        "tenure": "Developing",
        "return": 0.034886,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-07-25",
        "end": "2025-10-10",
        "tenure": "Developing",
        "return": -0.171744,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-10-17",
        "end": "2026-01-09",
        "tenure": "Established",
        "return": 0.042031,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-01-16",
        "end": "2026-04-10",
        "tenure": "Established",
        "return": 0.074099,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-04-17",
        "end": "2026-06-05",
        "tenure": "Developing",
        "return": -0.081989,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-06-12",
        "end": "2026-07-24",
        "tenure": "Developing",
        "return": -0.068917,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-07-31",
        "end": "2026-08-07",
        "tenure": "New",
        "return": -0.014026,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 70.04017,
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        "typical_volume": 4972253.05,
        "trend": 67.171663,
        "fair_value": 65.747285,
        "relative_strength": -2.335439,
        "stage": 2,
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        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 32.798806,
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        "activity_lines": [
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      },
      {
        "date": "2023-08-25",
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      },
      {
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      },
      {
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      },
      {
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      },
      {
        "date": "2023-09-22",
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      },
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      },
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      },
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      },
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      },
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      },
      {
        "date": "2026-07-03",
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      },
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      },
      {
        "date": "2026-07-17",
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        "relative_strength": -11.554292,
        "stage": 3,
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        "modifier": "Upper balance after advance",
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        "energy": 2.886598,
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      },
      {
        "date": "2026-07-24",
        "close": 73.53,
        "volume": 8537678,
        "typical_volume": 6305353.75,
        "trend": 79.6127,
        "fair_value": 79.21533,
        "relative_strength": -13.935936,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -27.534766,
        "energy": 28.075745,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 74.86,
        "volume": 6994576,
        "typical_volume": 6289218.35,
        "trend": 79.626232,
        "fair_value": 79.239696,
        "relative_strength": -12.8469,
        "stage": 1,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -23.660147,
        "energy": 41.926042,
        "activity_lines": [
          75.839333,
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      },
      {
        "date": "2026-08-07",
        "close": 73.81,
        "volume": 5880385,
        "typical_volume": 6290539.65,
        "trend": 79.412208,
        "fair_value": 79.250075,
        "relative_strength": -16.495414,
        "stage": 1,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -36.928866,
        "energy": 55.567278,
        "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."
    }
  }
}