{
  "ticker": {
    "uuid": "827239c4-1470-4ce5-80ae-53aa8b58aea7",
    "symbol": "IBM",
    "name": "International Business Machines Corporation",
    "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": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -55.879,
    "architecture_energy": 51.917,
    "architecture_maturity": 9.611,
    "architecture_confidence": 66.075,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 27.91,
        "rotation_up": 13.53,
        "upward_expansion": 11.22,
        "deceleration": 40.36,
        "rotation_down": 69.85,
        "downward_expansion": 77.55
      },
      "activity_lines": [
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      "activity_state": "Compressed",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.166667
    },
    "latest_close": 4051.0,
    "trend_reference": 4476.921126,
    "distance_from_trend": -0.095137,
    "trend_direction": "Weakening",
    "fair_value": 4140.632798,
    "distance_from_fair_value": -0.021647,
    "fair_value_direction": "Weakening",
    "relative_strength": -17.635947,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.208193,
    "excess_performance": -0.153526,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.095137,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.074284,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.021647,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.016733,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.176359,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.110911,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.208193,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.974797,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 5721,
      "relative_activity": 1.213079,
      "balance": 1.974797,
      "dry_up": 2.052066,
      "accumulation_observations": 5,
      "distribution_observations": 1
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    "risk": {
      "range_context": 0.119569,
      "annualized_volatility": 0.658211,
      "from_high_reference": -0.324324,
      "from_low_reference": 0.157759
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    "levels": {
      "trend_reference": 4476.921126,
      "fair_value_reference": 4140.632798,
      "structural_low": 3499.0,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 15,
        "median_return": 0.049887,
        "positive_rate": 0.733333,
        "directional_follow_through": 0.266667,
        "median_excess_return": 0.027503,
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        "worst_return": -0.133208,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
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        "worst_return": -0.036764,
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        "horizon": "Extended",
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        "median_excess_return": -0.009335,
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        "horizon": "Full cycle",
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      {
        "date": "2026-04-03",
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        "date": "2026-04-10",
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      {
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      {
        "date": "2026-04-24",
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      {
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        "date": "2026-05-08",
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        "date": "2026-05-15",
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      {
        "date": "2026-05-22",
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 4630.1,
        "trend": 4836.171346,
        "fair_value": 4006.562165,
        "relative_strength": -2.805251,
        "stage": 1,
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        "modifier": "Structural repair",
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      },
      {
        "date": "2026-06-05",
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        "stage": 1,
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        "modifier": "Value reclamation",
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      },
      {
        "date": "2026-06-12",
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      },
      {
        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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      },
      {
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      },
      {
        "date": "2026-07-17",
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        "volume": 17450,
        "typical_volume": 3954.75,
        "trend": 4620.819832,
        "fair_value": 4112.68971,
        "relative_strength": -25.63655,
        "stage": 1,
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        "energy": 20.169666,
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      },
      {
        "date": "2026-07-24",
        "close": 3755.0,
        "volume": 5488,
        "typical_volume": 4224.2,
        "trend": 4564.76936,
        "fair_value": 4121.38196,
        "relative_strength": -23.875255,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -56.173649,
        "energy": 34.419324,
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      },
      {
        "date": "2026-07-31",
        "close": 3857.610107,
        "volume": 10052,
        "typical_volume": 4631.2,
        "trend": 4520.153499,
        "fair_value": 4130.233344,
        "relative_strength": -21.916839,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -60.719169,
        "energy": 47.54025,
        "activity_lines": [
          4034.829411,
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      },
      {
        "date": "2026-08-07",
        "close": 4051.0,
        "volume": 5721,
        "typical_volume": 4716.1,
        "trend": 4476.921126,
        "fair_value": 4140.632798,
        "relative_strength": -17.635947,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -55.87931,
        "energy": 51.91748,
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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."
    }
  }
}