{
  "ticker": {
    "uuid": "82dae525-63cf-4d98-8cc9-a25553a32459",
    "symbol": "CNXC",
    "name": "Concentrix Corporation",
    "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": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -38.936,
    "architecture_energy": 22.683,
    "architecture_maturity": 86.233,
    "architecture_confidence": 87.252,
    "architecture_tenure": "Established",
    "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": 43.71,
        "rotation_up": 23.96,
        "upward_expansion": 13.33,
        "deceleration": 45.79,
        "rotation_down": 36.85,
        "downward_expansion": 63.33
      },
      "activity_lines": [
        24.245238,
        24.086496,
        24.81072,
        26.052924
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.5
    },
    "latest_close": 25.72,
    "trend_reference": 28.643254,
    "distance_from_trend": -0.102057,
    "trend_direction": "Weakening",
    "fair_value": 51.374506,
    "distance_from_fair_value": -0.499363,
    "fair_value_direction": "Improving",
    "relative_strength": -36.515609,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.347012,
    "excess_performance": -0.534466,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.102057,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.134895,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.499363,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.065465,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.365156,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.158675,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.347012,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.397445,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 6035528,
      "relative_activity": 0.693071,
      "balance": 0.397445,
      "dry_up": 0.750479,
      "accumulation_observations": 0,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.14733,
      "annualized_volatility": 0.659505,
      "from_high_reference": -0.541649,
      "from_low_reference": 0.366953
    },
    "levels": {
      "trend_reference": 28.643254,
      "fair_value_reference": 51.374506,
      "structural_low": 18.815568,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 31,
        "median_return": -0.011346,
        "positive_rate": 0.483871,
        "directional_follow_through": 0.516129,
        "median_excess_return": -0.001611,
        "regime_survival": 0.774194,
        "best_return": 0.190106,
        "worst_return": -0.289041,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
        "median_return": -0.058555,
        "positive_rate": 0.4,
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        "regime_survival": 0.4,
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        "worst_return": -0.232971,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.168989,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
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        "worst_return": -0.429241,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "regime_survival": 0.666667,
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        "worst_return": -0.434312,
        "sufficient": false
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        "regime": "upward_expansion",
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      {
        "regime": "rotation_down",
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        "active": false
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      {
        "regime": "downward_expansion",
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      {
        "regime": "balance",
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        "regime": "deceleration",
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      },
      {
        "date": "2026-07-24",
        "close": 22.25,
        "volume": 5722648,
        "typical_volume": 8717514.8,
        "trend": 29.742919,
        "fair_value": 51.975019,
        "relative_strength": -43.69835,
        "stage": 4,
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        "modifier": "Established contraction",
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      },
      {
        "date": "2026-07-31",
        "close": 24.6,
        "volume": 6643455,
        "typical_volume": 8767476.65,
        "trend": 29.220828,
        "fair_value": 51.66159,
        "relative_strength": -37.140822,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -54.802593,
        "energy": 37.256707,
        "activity_lines": [
          23.402691,
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      },
      {
        "date": "2026-08-07",
        "close": 25.72,
        "volume": 6035528,
        "typical_volume": 8708383.8,
        "trend": 28.643254,
        "fair_value": 51.374506,
        "relative_strength": -36.515609,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -38.936074,
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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."
    }
  }
}