{
  "ticker": {
    "uuid": "9228ada1-95a4-403c-b8fe-27ee5f160d52",
    "symbol": "UCL",
    "name": "Ucloudlink Group 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": 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": -84.256,
    "architecture_energy": 69.928,
    "architecture_maturity": 92.837,
    "architecture_confidence": 91.203,
    "architecture_tenure": "Extended",
    "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": 1.04,
        "rotation_up": 21.28,
        "upward_expansion": 12.36,
        "deceleration": 44.82,
        "rotation_down": 70.08,
        "downward_expansion": 90.36
      },
      "activity_lines": [
        0.836416,
        0.888286,
        0.969523,
        1.083834
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": -1.0
    },
    "latest_close": 0.7164,
    "trend_reference": 1.246213,
    "distance_from_trend": -0.425139,
    "trend_direction": "Weakening",
    "fair_value": 1.663476,
    "distance_from_fair_value": -0.569335,
    "fair_value_direction": "Weakening",
    "relative_strength": -64.353917,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.565818,
    "excess_performance": -0.753272,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.425139,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.214074,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.569335,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.191756,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.643539,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.12238,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.565818,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.399733,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 99717,
      "relative_activity": 1.704564,
      "balance": 0.399733,
      "dry_up": 0.710201,
      "accumulation_observations": 2,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.196044,
      "annualized_volatility": 0.476078,
      "from_high_reference": -0.829021,
      "from_low_reference": 0.024307
    },
    "levels": {
      "trend_reference": 1.246213,
      "fair_value_reference": 1.663476,
      "structural_low": 0.6994,
      "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": 37,
        "median_return": -0.035088,
        "positive_rate": 0.432432,
        "directional_follow_through": 0.567568,
        "median_excess_return": -0.038667,
        "regime_survival": 0.864865,
        "best_return": 2.84058,
        "worst_return": -0.36064,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 13,
        "median_return": -0.136564,
        "positive_rate": 0.307692,
        "directional_follow_through": 0.692308,
        "median_excess_return": -0.22226,
        "regime_survival": 0.615385,
        "best_return": 6.872727,
        "worst_return": -0.444332,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
        "median_return": 0.0,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.428571,
        "median_excess_return": -0.099345,
        "regime_survival": 0.285714,
        "best_return": 3.374621,
        "worst_return": -0.599271,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.753036,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": 1.036113,
        "regime_survival": 0.0,
        "best_return": 1.346457,
        "worst_return": -0.408303,
        "sufficient": false
      }
    ],
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      {
        "regime": "downward_expansion",
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        "tenure": "Established",
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      {
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        "active": false
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      {
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      {
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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": "2026-05-22",
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        "typical_volume": 37659.85,
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      },
      {
        "date": "2026-07-03",
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      {
        "date": "2026-07-10",
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      },
      {
        "date": "2026-07-17",
        "close": 0.920149,
        "volume": 18699,
        "typical_volume": 57971.6,
        "trend": 1.34379,
        "fair_value": 1.70796,
        "relative_strength": -56.000069,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.975025,
        "energy": 56.54988,
        "activity_lines": [
          0.937003,
          0.964637,
          1.05561,
          1.176505
        ]
      },
      {
        "date": "2026-07-24",
        "close": 0.916,
        "volume": 24937,
        "typical_volume": 57489.7,
        "trend": 1.30599,
        "fair_value": 1.69287,
        "relative_strength": -54.558705,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.482103,
        "energy": 53.292601,
        "activity_lines": [
          0.92447,
          0.952673,
          1.031735,
          1.148906
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      },
      {
        "date": "2026-07-31",
        "close": 0.8603,
        "volume": 22834,
        "typical_volume": 55849.5,
        "trend": 1.279333,
        "fair_value": 1.677872,
        "relative_strength": -56.599267,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -71.725988,
        "energy": 55.674758,
        "activity_lines": [
          0.903103,
          0.932292,
          1.006063,
          1.120152
        ]
      },
      {
        "date": "2026-08-07",
        "close": 0.7164,
        "volume": 99717,
        "typical_volume": 58500.0,
        "trend": 1.246213,
        "fair_value": 1.663476,
        "relative_strength": -64.353917,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -84.255588,
        "energy": 69.928344,
        "activity_lines": [
          0.836416,
          0.888286,
          0.969523,
          1.083834
        ]
      }
    ],
    "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."
    }
  }
}