{
  "ticker": {
    "uuid": "8f4b98af-740c-4156-9751-800d00b35782",
    "symbol": "EWLS",
    "name": "Edwards Lifesciences Corporation",
    "exchange": "VIE",
    "country": "AT",
    "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": "^ATX",
    "stage": 3,
    "stage_name": "Distribution",
    "phase": "3b",
    "phase_label": "Stage 3B \u00b7 Distribution",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 72.855,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 42.679,
    "architecture_energy": 26.412,
    "architecture_maturity": 62.142,
    "architecture_confidence": 74.505,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 30.23,
        "rotation_up": 30.84,
        "upward_expansion": 60.9,
        "deceleration": 85.48,
        "rotation_down": 30.05,
        "downward_expansion": 19.9
      },
      "activity_lines": [
        76.282666,
        77.118182,
        75.456809,
        74.011247
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 77.720001,
    "trend_reference": 72.306,
    "distance_from_trend": 0.074876,
    "trend_direction": "Improving",
    "fair_value": 70.249551,
    "distance_from_fair_value": 0.106342,
    "fair_value_direction": "Improving",
    "relative_strength": -10.973405,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.176328,
    "excess_performance": 0.002081,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.074876,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.017807,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.106342,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.126799,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.109734,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.043454,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.176328,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.0,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 0,
      "relative_activity": 0.0,
      "balance": 0.0,
      "dry_up": 3.430657,
      "accumulation_observations": 0,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.044539,
      "annualized_volatility": 0.261552,
      "from_high_reference": -0.068106,
      "from_low_reference": 0.257402
    },
    "levels": {
      "trend_reference": 72.306,
      "fair_value_reference": 70.249551,
      "structural_low": 64.0,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 9,
        "median_return": 0.006534,
        "positive_rate": 0.555556,
        "directional_follow_through": 0.555556,
        "median_excess_return": -0.008912,
        "regime_survival": 0.333333,
        "best_return": 0.083271,
        "worst_return": -0.328109,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": -0.069607,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.122029,
        "regime_survival": 0.0,
        "best_return": 0.142168,
        "worst_return": -0.306735,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.089989,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": -0.110196,
        "regime_survival": 0.0,
        "best_return": 0.152941,
        "worst_return": -0.208093,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.125181,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.336619,
        "regime_survival": 0.333333,
        "best_return": -0.027588,
        "worst_return": -0.234388,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-01-31",
        "end": "2025-02-21",
        "tenure": "New",
        "return": 0.00967,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-02-28",
        "end": "2025-03-21",
        "tenure": "New",
        "return": -0.04743,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-03-28",
        "end": "2025-05-02",
        "tenure": "Developing",
        "return": 0.017357,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-05-09",
        "end": "2025-05-16",
        "tenure": "New",
        "return": 0.055269,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-23",
        "end": "2025-10-10",
        "tenure": "Established",
        "return": -0.028302,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2025-10-24",
        "tenure": "New",
        "return": 0.047212,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-11-07",
        "tenure": "New",
        "return": -0.015634,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2026-01-02",
        "tenure": "Developing",
        "return": -0.026408,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "end": "2026-02-13",
        "tenure": "Developing",
        "return": -0.113239,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-02-20",
        "end": "2026-03-06",
        "tenure": "New",
        "return": 0.046209,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "active": false
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "return": 0.014392,
        "active": false
      },
      {
        "regime": "upward_expansion",
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        "end": "2026-08-07",
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        "return": 0.0,
        "active": true
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        "gate": "down",
        "direction": -41.809471,
        "energy": 16.773963,
        "activity_lines": [
          69.410667,
          69.491637,
          69.58781,
          70.151011
        ]
      },
      {
        "date": "2026-05-15",
        "close": 70.199997,
        "volume": 0,
        "typical_volume": 15.9,
        "trend": 70.753667,
        "fair_value": 70.495449,
        "relative_strength": -13.204829,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -26.386283,
        "energy": 12.928117,
        "activity_lines": [
          69.806666,
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        ]
      },
      {
        "date": "2026-05-22",
        "close": 73.0,
        "volume": 0,
        "typical_volume": 15.9,
        "trend": 70.983667,
        "fair_value": 70.474295,
        "relative_strength": -11.250563,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 2.586423,
        "energy": 8.176609,
        "activity_lines": [
          70.894666,
          70.137454,
          69.910048,
          70.275441
        ]
      },
      {
        "date": "2026-05-29",
        "close": 74.639999,
        "volume": 0,
        "typical_volume": 15.9,
        "trend": 71.041,
        "fair_value": 70.444295,
        "relative_strength": -11.283213,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 31.703628,
        "energy": 40.379308,
        "activity_lines": [
          72.251999,
          71.011454,
          70.362524,
          70.511333
        ]
      },
      {
        "date": "2026-06-05",
        "close": 75.040001,
        "volume": 0,
        "typical_volume": 15.9,
        "trend": 71.149667,
        "fair_value": 70.426474,
        "relative_strength": -9.484755,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 42.532212,
        "energy": 58.072369,
        "activity_lines": [
          73.485333,
          71.892909,
          70.845857,
          70.769334
        ]
      },
      {
        "date": "2026-06-12",
        "close": 73.059998,
        "volume": 0,
        "typical_volume": 6.15,
        "trend": 71.123667,
        "fair_value": 70.35109,
        "relative_strength": -13.921179,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 32.106359,
        "energy": 57.696682,
        "activity_lines": [
          73.705333,
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        ]
      },
      {
        "date": "2026-06-19",
        "close": 76.120003,
        "volume": 0,
        "typical_volume": 6.15,
        "trend": 71.208,
        "fair_value": 70.305961,
        "relative_strength": -13.614667,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 74.70881,
        "energy": 75.25143,
        "activity_lines": [
          74.682667,
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          71.693619,
          71.214925
        ]
      },
      {
        "date": "2026-06-26",
        "close": 80.559998,
        "volume": 0,
        "typical_volume": 6.15,
        "trend": 71.397334,
        "fair_value": 70.270192,
        "relative_strength": -6.517276,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 88.880243,
        "energy": 86.392823,
        "activity_lines": [
          76.745333,
          74.758182,
          72.64519,
          71.81828
        ]
      },
      {
        "date": "2026-07-03",
        "close": 82.080002,
        "volume": 0,
        "typical_volume": 6.15,
        "trend": 71.619667,
        "fair_value": 70.269423,
        "relative_strength": -6.764624,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 88.39825,
        "energy": 92.140956,
        "activity_lines": [
          78.810667,
          76.368,
          73.672524,
          72.507484
        ]
      },
      {
        "date": "2026-07-10",
        "close": 79.699997,
        "volume": 211,
        "typical_volume": 16.7,
        "trend": 71.893,
        "fair_value": 70.248141,
        "relative_strength": -8.005446,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.429662,
        "energy": 87.013065,
        "activity_lines": [
          79.586666,
          77.339636,
          74.391095,
          73.028796
        ]
      },
      {
        "date": "2026-07-17",
        "close": 75.639999,
        "volume": 78,
        "typical_volume": 20.6,
        "trend": 71.99,
        "fair_value": 70.200064,
        "relative_strength": -10.678906,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.764821,
        "energy": 76.191436,
        "activity_lines": [
          78.698666,
          77.391999,
          74.661904,
          73.270538
        ]
      },
      {
        "date": "2026-07-24",
        "close": 75.18,
        "volume": 376,
        "typical_volume": 33.5,
        "trend": 72.056333,
        "fair_value": 70.1925,
        "relative_strength": -12.057247,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.113494,
        "energy": 46.146754,
        "activity_lines": [
          77.485333,
          77.242181,
          74.878285,
          73.476344
        ]
      },
      {
        "date": "2026-07-31",
        "close": 74.779999,
        "volume": 16,
        "typical_volume": 34.25,
        "trend": 72.152667,
        "fair_value": 70.209936,
        "relative_strength": -12.067469,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 41.250541,
        "energy": 24.123187,
        "activity_lines": [
          76.201333,
          76.92909,
          75.031714,
          73.652064
        ]
      },
      {
        "date": "2026-08-07",
        "close": 77.720001,
        "volume": 0,
        "typical_volume": 34.25,
        "trend": 72.306,
        "fair_value": 70.249551,
        "relative_strength": -10.973405,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 42.67916,
        "energy": 26.411859,
        "activity_lines": [
          76.282666,
          77.118182,
          75.456809,
          74.011247
        ]
      }
    ],
    "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."
    }
  }
}