{
  "ticker": {
    "uuid": "915789b8-3603-4cfa-895b-91f2bbd47cb3",
    "symbol": "APPN",
    "name": "Appian Corp",
    "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": 53.903,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Structural repair",
    "architecture_gate": "mixed",
    "architecture_direction": 60.563,
    "architecture_energy": 67.46,
    "architecture_maturity": 22.0,
    "architecture_confidence": 74.538,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating upward.",
        "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair."
      },
      "scores": {
        "balance": 17.53,
        "rotation_up": 74.87,
        "upward_expansion": 63.13,
        "deceleration": 21.05,
        "rotation_down": 16.85,
        "downward_expansion": 21.47
      },
      "activity_lines": [
        28.658,
        26.535455,
        24.71069,
        24.392097
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 34.64,
    "trend_reference": 24.562167,
    "distance_from_trend": 0.410299,
    "trend_direction": "Weakening",
    "fair_value": 32.450929,
    "distance_from_fair_value": 0.067458,
    "fair_value_direction": "Improving",
    "relative_strength": 5.129434,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.374058,
    "excess_performance": 0.186604,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.410299,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.151629,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.067458,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.429601,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.051294,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.444532,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.374058,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.362093,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 6045558,
      "relative_activity": 1.374897,
      "balance": 2.362093,
      "dry_up": 1.055562,
      "accumulation_observations": 4,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.112542,
      "annualized_volatility": 0.675927,
      "from_high_reference": -0.247921,
      "from_low_reference": 0.859367
    },
    "levels": {
      "trend_reference": 24.562167,
      "fair_value_reference": 32.450929,
      "structural_low": 18.63,
      "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": 2,
        "median_return": -0.107362,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.145128,
        "regime_survival": 0.0,
        "best_return": -0.05278,
        "worst_return": -0.161944,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": -0.084925,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.24815,
        "regime_survival": 0.0,
        "best_return": -0.044298,
        "worst_return": -0.125552,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": -0.041929,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.231935,
        "regime_survival": 0.0,
        "best_return": 0.102262,
        "worst_return": -0.186119,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.272403,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.547413,
        "regime_survival": 0.0,
        "best_return": -0.247172,
        "worst_return": -0.297635,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-05-24",
        "end": "2024-09-13",
        "tenure": "Established",
        "return": 0.058615,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-09-20",
        "end": "2024-11-08",
        "tenure": "Developing",
        "return": 0.220593,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-11-15",
        "end": "2024-12-20",
        "tenure": "Developing",
        "return": -0.031567,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-12-27",
        "end": "2025-03-07",
        "tenure": "Developing",
        "return": -0.047263,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-03-14",
        "end": "2025-05-23",
        "tenure": "Developing",
        "return": 0.017561,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-30",
        "end": "2025-07-11",
        "tenure": "Developing",
        "return": -0.089206,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-07-18",
        "end": "2025-08-22",
        "tenure": "Developing",
        "return": 0.03471,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-08-29",
        "end": "2025-10-31",
        "tenure": "Developing",
        "return": -0.027615,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-11-07",
        "end": "2025-12-19",
        "tenure": "Developing",
        "return": -0.085629,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-12-26",
        "end": "2026-01-23",
        "tenure": "Developing",
        "return": -0.16988,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-01-30",
        "end": "2026-02-27",
        "tenure": "Developing",
        "return": -0.044086,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-03-06",
        "end": "2026-07-03",
        "tenure": "Established",
        "return": -0.083396,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-07-10",
        "end": "2026-07-31",
        "tenure": "New",
        "return": 0.063091,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-08-07",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.0,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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      },
      {
        "date": "2026-05-01",
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      },
      {
        "date": "2026-05-08",
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      },
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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": 4834387.0,
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      },
      {
        "date": "2026-06-05",
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      },
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        "date": "2026-06-12",
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      },
      {
        "date": "2026-06-26",
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        "energy": 18.51742,
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      },
      {
        "date": "2026-07-03",
        "close": 24.4,
        "volume": 3519280,
        "typical_volume": 4638970.75,
        "trend": 25.9455,
        "fair_value": 33.152564,
        "relative_strength": -26.789738,
        "stage": 4,
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      },
      {
        "date": "2026-07-10",
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        "volume": 3040939,
        "typical_volume": 4362213.8,
        "trend": 25.529833,
        "fair_value": 32.991667,
        "relative_strength": -24.737101,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
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        "energy": 4.007468,
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      },
      {
        "date": "2026-07-17",
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        "volume": 3268091,
        "typical_volume": 4181381.95,
        "trend": 25.172167,
        "fair_value": 32.847853,
        "relative_strength": -18.677558,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 3.72658,
        "energy": 13.936723,
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          24.672,
          23.917636,
          23.20981,
          23.690624
        ]
      },
      {
        "date": "2026-07-24",
        "close": 23.75,
        "volume": 4709742,
        "typical_volume": 4211667.55,
        "trend": 24.770833,
        "fair_value": 32.681122,
        "relative_strength": -24.267776,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -6.957613,
        "energy": 16.02756,
        "activity_lines": [
          24.669333,
          24.020727,
          23.255548,
          23.598871
        ]
      },
      {
        "date": "2026-07-31",
        "close": 26.96,
        "volume": 4542237,
        "typical_volume": 4271231.65,
        "trend": 24.534167,
        "fair_value": 32.536314,
        "relative_strength": -14.116862,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 26.549576,
        "energy": 36.609973,
        "activity_lines": [
          25.55,
          24.630727,
          23.620667,
          23.740108
        ]
      },
      {
        "date": "2026-08-07",
        "close": 34.64,
        "volume": 6045558,
        "typical_volume": 4397097.55,
        "trend": 24.562167,
        "fair_value": 32.450929,
        "relative_strength": 5.129434,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 60.562765,
        "energy": 67.459882,
        "activity_lines": [
          28.658,
          26.535455,
          24.71069,
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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."
    }
  }
}