{ "ticker": { "uuid": "80aadcc6-e58a-4bd9-b907-77371851eb4d", "symbol": "ZS", "name": "Zscaler Inc", "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": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 96.0, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "mixed", "architecture_direction": 28.365, "architecture_energy": 23.469, "architecture_maturity": 15.686, "architecture_confidence": 48.017, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 48.14, "rotation_up": 56.54, "upward_expansion": 34.86, "deceleration": 34.06, "rotation_down": 15.95, "downward_expansion": 18.86 }, "activity_lines": [ 154.287333, 147.298545, 145.116048, 146.18471 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 168.68, "trend_reference": 153.196, "distance_from_trend": 0.101073, "trend_direction": "Weakening", "fair_value": 204.199199, "distance_from_fair_value": -0.173944, "fair_value_direction": "Improving", "relative_strength": -29.240431, "relative_strength_direction": "Improving", "price_momentum": 0.008068, "excess_performance": -0.179386, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.101073, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.194416, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.173944, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.080511, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.292404, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.187193, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.008068, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.560041, "read": "Supply-led" } ], "volume": { "latest": 10925702, "relative_activity": 0.589823, "balance": 0.560041, "dry_up": 0.587322, "accumulation_observations": 1, "distribution_observations": 4 }, "risk": { "range_context": 0.125606, "annualized_volatility": 0.700244, "from_high_reference": -0.499451, "from_low_reference": 0.471581 }, "levels": { "trend_reference": 153.196, "fair_value_reference": 204.199199, "structural_low": 114.625, "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": 14, "median_return": 0.000586, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.03612, "regime_survival": 0.5, "best_return": 0.31946, "worst_return": -0.144789, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": -0.001987, "positive_rate": 0.428571, "directional_follow_through": 0.428571, "median_excess_return": -0.016475, "regime_survival": 0.428571, "best_return": 0.435775, "worst_return": -0.139215, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.015866, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.114222, "regime_survival": 0.5, "best_return": 0.525108, "worst_return": -0.188039, 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"relative_strength": -37.599101, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.923047, "energy": 12.536773, "activity_lines": [ 142.542667, 140.401636, 141.710333, 146.814237 ] }, { "date": "2026-07-24", "close": 142.32, "volume": 8500321, "typical_volume": 18645292.6, "trend": 157.11, "fair_value": 204.001955, "relative_strength": -38.790456, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.787039, "energy": 15.346791, "activity_lines": [ 143.739333, 140.148909, 141.653762, 145.670366 ] }, { "date": "2026-07-31", "close": 151.2, "volume": 11869650, "typical_volume": 18617659.8, "trend": 154.797667, "fair_value": 204.034263, "relative_strength": -34.254768, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.016666, "energy": 11.738777, "activity_lines": [ 146.731333, 141.851273, 142.546429, 145.289075 ] }, { "date": "2026-08-07", "close": 168.68, "volume": 10925702, "typical_volume": 18523684.85, "trend": 153.196, "fair_value": 204.199199, "relative_strength": -29.240431, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.364637, "energy": 23.469358, "activity_lines": [ 154.287333, 147.298545, 145.116048, 146.18471 ] } ], "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." } } }