{
  "ticker": {
    "uuid": "9467a375-f386-41ce-8d0f-03d4343fea38",
    "symbol": "DECK",
    "name": "Deckers Outdoor Corporation",
    "exchange": "NYSE",
    "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": "SPY",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 67.813,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -58.457,
    "architecture_energy": 55.232,
    "architecture_maturity": 8.27,
    "architecture_confidence": 84.661,
    "architecture_tenure": "New",
    "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": 34.08,
        "rotation_up": 10.21,
        "upward_expansion": 11.44,
        "deceleration": 38.35,
        "rotation_down": 64.92,
        "downward_expansion": 84.77
      },
      "activity_lines": [
        98.794,
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        103.785476,
        104.452731
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 97.46,
    "trend_reference": 105.747333,
    "distance_from_trend": -0.078369,
    "trend_direction": "Improving",
    "fair_value": 126.139049,
    "distance_from_fair_value": -0.227361,
    "fair_value_direction": "Weakening",
    "relative_strength": -16.157896,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.155825,
    "excess_performance": -0.28145,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.078369,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.029679,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.227361,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.033469,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.161579,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.017762,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.155825,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.419024,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 8256777,
      "relative_activity": 0.818093,
      "balance": 1.419024,
      "dry_up": 1.149568,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.092068,
      "annualized_volatility": 0.410594,
      "from_high_reference": -0.223117,
      "from_low_reference": 0.235078
    },
    "levels": {
      "trend_reference": 105.747333,
      "fair_value_reference": 126.139049,
      "structural_low": 91.8,
      "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": 15,
        "median_return": 0.002163,
        "positive_rate": 0.533333,
        "directional_follow_through": 0.466667,
        "median_excess_return": -0.01221,
        "regime_survival": 0.8,
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        "worst_return": -0.153563,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
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        "positive_rate": 0.4,
        "directional_follow_through": 0.6,
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        "regime_survival": 0.4,
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        "worst_return": -0.162374,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": -0.0519,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
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        "regime_survival": 0.0,
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        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
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        "worst_return": -0.156956,
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    ],
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        "regime": "balance",
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      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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      },
      {
        "regime": "deceleration",
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        "color": "amber",
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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      },
      {
        "regime": "downward_expansion",
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      {
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      {
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      },
      {
        "date": "2026-04-24",
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        "date": "2026-05-08",
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        "date": "2026-05-15",
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      {
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      },
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        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 10012719.15,
        "trend": 106.288667,
        "fair_value": 125.920118,
        "relative_strength": -8.367432,
        "stage": 1,
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        "gate": "mixed",
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      },
      {
        "date": "2026-07-17",
        "close": 106.49,
        "volume": 9029616,
        "typical_volume": 9903639.45,
        "trend": 106.522667,
        "fair_value": 126.02844,
        "relative_strength": -6.24485,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -11.833201,
        "energy": 10.33863,
        "activity_lines": [
          105.914,
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          106.284194
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      },
      {
        "date": "2026-07-24",
        "close": 96.04,
        "volume": 16361816,
        "typical_volume": 10151253.9,
        "trend": 106.287667,
        "fair_value": 126.073504,
        "relative_strength": -14.348402,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -53.508961,
        "energy": 31.891564,
        "activity_lines": [
          102.538,
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          105.131476,
          105.607892
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      },
      {
        "date": "2026-07-31",
        "close": 96.88,
        "volume": 12760850,
        "typical_volume": 10258355.0,
        "trend": 105.957333,
        "fair_value": 126.104284,
        "relative_strength": -14.118346,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -60.641443,
        "energy": 49.862818,
        "activity_lines": [
          100.313333,
          103.381636,
          104.421571,
          105.000946
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      },
      {
        "date": "2026-08-07",
        "close": 97.46,
        "volume": 8256777,
        "typical_volume": 10092714.45,
        "trend": 105.747333,
        "fair_value": 126.139049,
        "relative_strength": -16.157896,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -58.457148,
        "energy": 55.23167,
        "activity_lines": [
          98.794,
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          104.452731
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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."
    }
  }
}