{
  "ticker": {
    "uuid": "931d16c6-4f74-485c-8345-ab8ce091f6ad",
    "symbol": "T1AM34",
    "name": "Atlassian Corporation",
    "exchange": "SAO",
    "country": "BR",
    "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": "^BVSP",
    "stage": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 96.0,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Structural repair",
    "architecture_gate": "mixed",
    "architecture_direction": 66.125,
    "architecture_energy": 76.27,
    "architecture_maturity": 22.0,
    "architecture_confidence": 79.731,
    "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": 25.88,
        "rotation_up": 78.49,
        "upward_expansion": 65.69,
        "deceleration": 20.87,
        "rotation_down": 16.55,
        "downward_expansion": 24.02
      },
      "activity_lines": [
        28.594001,
        25.631091,
        23.498429,
        22.475205
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 38.040001,
    "trend_reference": 22.538334,
    "distance_from_trend": 0.687791,
    "trend_direction": "Weakening",
    "fair_value": 47.921603,
    "distance_from_fair_value": -0.206203,
    "fair_value_direction": "Improving",
    "relative_strength": 12.772337,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.550754,
    "excess_performance": 0.607803,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.687791,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.212525,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.206203,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.34887,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.127723,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.673069,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.550754,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.645666,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 11659,
      "relative_activity": 1.140814,
      "balance": 2.645666,
      "dry_up": 0.526277,
      "accumulation_observations": 1,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.10766,
      "annualized_volatility": 1.097535,
      "from_high_reference": -0.278999,
      "from_low_reference": 1.667602
    },
    "levels": {
      "trend_reference": 22.538334,
      "fair_value_reference": 47.921603,
      "structural_low": 14.26,
      "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": 6,
        "median_return": -0.105984,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.082554,
        "regime_survival": 0.166667,
        "best_return": 0.300019,
        "worst_return": -0.180135,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": 0.007511,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": -0.023393,
        "regime_survival": 0.2,
        "best_return": 0.399395,
        "worst_return": -0.541927,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.068211,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.071801,
        "regime_survival": 0.0,
        "best_return": 0.125469,
        "worst_return": -0.334281,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.069811,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.073712,
        "regime_survival": 0.0,
        "best_return": 0.482004,
        "worst_return": -0.342382,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-03-29",
        "end": "2024-04-19",
        "tenure": "New",
        "return": 0.042688,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-04-26",
        "end": "2024-05-10",
        "tenure": "New",
        "return": -0.080313,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-05-17",
        "end": "2024-05-24",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-05-31",
        "end": "2024-10-04",
        "tenure": "Established",
        "return": -0.075106,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-10-11",
        "end": "2024-11-01",
        "tenure": "New",
        "return": 0.252598,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-11-08",
        "end": "2025-01-10",
        "tenure": "Developing",
        "return": 0.076442,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-01-17",
        "end": "2025-01-31",
        "tenure": "New",
        "return": 0.147582,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-02-07",
        "end": "2025-03-07",
        "tenure": "Developing",
        "return": -0.259822,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-03-14",
        "end": "2025-05-02",
        "tenure": "Developing",
        "return": -0.065114,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-05-09",
        "end": "2025-12-26",
        "tenure": "Extended",
        "return": -0.237807,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-01-02",
        "end": "2026-01-09",
        "tenure": "New",
        "return": -0.083724,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-01-16",
        "end": "2026-05-29",
        "tenure": "Established",
        "return": -0.15471,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-06-05",
        "end": "2026-07-31",
        "tenure": "Developing",
        "return": 0.337513,
        "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",
        "close": 46.27,
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        "typical_volume": 4585.7,
        "trend": 41.948667,
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        "relative_strength": 1.950152,
        "stage": 1,
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      },
      {
        "date": "2023-08-25",
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      },
      {
        "date": "2023-09-01",
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      },
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        "date": "2023-09-08",
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      },
      {
        "date": "2023-09-15",
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      },
      {
        "date": "2023-09-22",
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        "typical_volume": 8217.3,
        "trend": 31.214,
        "fair_value": 49.566539,
        "relative_strength": -66.398905,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.871951,
        "energy": 70.863753,
        "activity_lines": [
          16.820001,
          17.374728,
          20.798238,
          25.483398
        ]
      },
      {
        "date": "2026-05-08",
        "close": 22.02,
        "volume": 34658,
        "typical_volume": 9660.75,
        "trend": 30.614,
        "fair_value": 49.491282,
        "relative_strength": -54.534574,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -50.335507,
        "energy": 52.257323,
        "activity_lines": [
          18.612,
          18.087091,
          20.430857,
          24.890237
        ]
      },
      {
        "date": "2026-05-15",
        "close": 22.040001,
        "volume": 3947,
        "typical_volume": 9841.25,
        "trend": 29.979334,
        "fair_value": 49.401154,
        "relative_strength": -51.59907,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -42.416337,
        "energy": 37.57447,
        "activity_lines": [
          20.104001,
          18.75291,
          20.173715,
          24.337076
        ]
      },
      {
        "date": "2026-05-22",
        "close": 21.620001,
        "volume": 8391,
        "typical_volume": 10250.7,
        "trend": 29.228,
        "fair_value": 49.284744,
        "relative_strength": -51.125154,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -34.901662,
        "energy": 31.982273,
        "activity_lines": [
          20.941334,
          19.338001,
          19.987429,
          23.797764
        ]
      },
      {
        "date": "2026-05-29",
        "close": 27.1,
        "volume": 6342,
        "typical_volume": 10453.2,
        "trend": 28.621,
        "fair_value": 49.16609,
        "relative_strength": -36.538032,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": 14.600439,
        "energy": 32.497766,
        "activity_lines": [
          23.272001,
          20.886546,
          20.423143,
          23.660473
        ]
      },
      {
        "date": "2026-06-05",
        "close": 19.139999,
        "volume": 575,
        "typical_volume": 10310.0,
        "trend": 27.856667,
        "fair_value": 48.99641,
        "relative_strength": -52.658383,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -20.929232,
        "energy": 25.362604,
        "activity_lines": [
          22.337333,
          20.853818,
          20.157762,
          23.048796
        ]
      },
      {
        "date": "2026-06-12",
        "close": 22.360001,
        "volume": 417,
        "typical_volume": 10231.5,
        "trend": 27.257667,
        "fair_value": 48.864744,
        "relative_strength": -44.177655,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -12.282727,
        "energy": 18.553905,
        "activity_lines": [
          22.329334,
          21.371273,
          20.260572,
          22.694172
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      },
      {
        "date": "2026-06-19",
        "close": 21.700001,
        "volume": 0,
        "typical_volume": 9818.55,
        "trend": 26.675667,
        "fair_value": 48.754103,
        "relative_strength": -43.825531,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -12.361006,
        "energy": 15.352088,
        "activity_lines": [
          22.078667,
          21.67891,
          20.359858,
          22.335613
        ]
      },
      {
        "date": "2026-06-26",
        "close": 20.26,
        "volume": 485,
        "typical_volume": 9673.45,
        "trend": 26.013667,
        "fair_value": 48.626475,
        "relative_strength": -47.71183,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -30.640949,
        "energy": 22.245592,
        "activity_lines": [
          21.370667,
          21.590546,
          20.368,
          21.921699
        ]
      },
      {
        "date": "2026-07-03",
        "close": 22.059999,
        "volume": 1,
        "typical_volume": 9525.1,
        "trend": 25.320333,
        "fair_value": 48.505192,
        "relative_strength": -41.968441,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -23.455086,
        "energy": 14.00153,
        "activity_lines": [
          21.353333,
          21.763273,
          20.567905,
          21.666624
        ]
      },
      {
        "date": "2026-07-10",
        "close": 22.559999,
        "volume": 2364,
        "typical_volume": 9606.3,
        "trend": 24.613667,
        "fair_value": 48.368333,
        "relative_strength": -40.522264,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -18.772359,
        "energy": 11.142384,
        "activity_lines": [
          21.838666,
          21.951636,
          20.816905,
          21.488538
        ]
      },
      {
        "date": "2026-07-17",
        "close": 23.950001,
        "volume": 3966,
        "typical_volume": 9631.8,
        "trend": 23.919667,
        "fair_value": 48.243654,
        "relative_strength": -33.7443,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 2.786231,
        "energy": 7.56341,
        "activity_lines": [
          22.559333,
          22.290546,
          21.184143,
          21.445721
        ]
      },
      {
        "date": "2026-07-24",
        "close": 21.950001,
        "volume": 2628,
        "typical_volume": 9580.6,
        "trend": 23.140667,
        "fair_value": 48.122308,
        "relative_strength": -37.680023,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 1.640426,
        "energy": 8.866255,
        "activity_lines": [
          22.507334,
          22.230727,
          21.338572,
          21.318645
        ]
      },
      {
        "date": "2026-07-31",
        "close": 25.6,
        "volume": 3261,
        "typical_volume": 9666.3,
        "trend": 22.572667,
        "fair_value": 47.985128,
        "relative_strength": -27.29726,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 37.495639,
        "energy": 37.652754,
        "activity_lines": [
          23.655334,
          22.836182,
          21.839905,
          21.477312
        ]
      },
      {
        "date": "2026-08-07",
        "close": 38.040001,
        "volume": 11659,
        "typical_volume": 10219.9,
        "trend": 22.538334,
        "fair_value": 47.921603,
        "relative_strength": 12.772337,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 66.124637,
        "energy": 76.270373,
        "activity_lines": [
          28.594001,
          25.631091,
          23.498429,
          22.475205
        ]
      }
    ],
    "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."
    }
  }
}