{
  "ticker": {
    "uuid": "94c5ec44-ab1b-4064-8b18-a1d2acbafdd7",
    "symbol": "COCH",
    "name": "Envoy Medical 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": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 61.932,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "mixed",
    "architecture_direction": -2.73,
    "architecture_energy": 2.484,
    "architecture_maturity": 44.102,
    "architecture_confidence": 60.09,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 74.47,
        "rotation_up": 29.22,
        "upward_expansion": 16.86,
        "deceleration": 56.92,
        "rotation_down": 35.73,
        "downward_expansion": 37.2
      },
      "activity_lines": [
        0.6742,
        0.678273,
        0.676298,
        0.678423
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.166667
    },
    "latest_close": 0.6712,
    "trend_reference": 0.67518,
    "distance_from_trend": -0.005895,
    "trend_direction": "Weakening",
    "fair_value": 2.139821,
    "distance_from_fair_value": -0.686329,
    "fair_value_direction": "Improving",
    "relative_strength": -25.296145,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.423542,
    "excess_performance": 0.236088,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.005895,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.032712,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.686329,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.09379,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.252961,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.21748,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.423542,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 4.762626,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 509460,
      "relative_activity": 0.345107,
      "balance": 4.762626,
      "dry_up": 1.100002,
      "accumulation_observations": 3,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.174074,
      "annualized_volatility": 0.766051,
      "from_high_reference": -0.644868,
      "from_low_reference": 0.851586
    },
    "levels": {
      "trend_reference": 0.67518,
      "fair_value_reference": 2.139821,
      "structural_low": 0.3625,
      "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": 13,
        "median_return": -0.086932,
        "positive_rate": 0.153846,
        "directional_follow_through": 0.153846,
        "median_excess_return": -0.152501,
        "regime_survival": 0.692308,
        "best_return": 0.131387,
        "worst_return": -0.221818,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": -0.183411,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.456005,
        "regime_survival": 0.4,
        "best_return": -0.154762,
        "worst_return": -0.529648,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": -0.311897,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.414396,
        "regime_survival": 0.666667,
        "best_return": -0.214953,
        "worst_return": -0.60244,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.537344,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.800251,
        "regime_survival": 1.0,
        "best_return": -0.459807,
        "worst_return": -0.614881,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2023-09-29",
        "end": "2024-02-23",
        "tenure": "Established",
        "return": -0.820385,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-03-01",
        "end": "2024-04-05",
        "tenure": "Developing",
        "return": -0.0144,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-04-12",
        "end": "2024-04-26",
        "tenure": "New",
        "return": 0.025743,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-05-03",
        "end": "2024-05-10",
        "tenure": "New",
        "return": -0.266667,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-05-17",
        "end": "2024-06-07",
        "tenure": "New",
        "return": -0.228296,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-06-14",
        "end": "2024-07-12",
        "tenure": "Developing",
        "return": -0.087786,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-07-19",
        "end": "2024-09-06",
        "tenure": "Developing",
        "return": 0.383929,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2024-09-20",
        "tenure": "New",
        "return": 0.071647,
        "active": false
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      {
        "regime": "rotation_up",
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        "end": "2024-10-11",
        "tenure": "New",
        "return": -0.183486,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "return": -0.221818,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "start": "2024-11-22",
        "end": "2025-05-09",
        "tenure": "Established",
        "return": -0.224771,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-08-29",
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        "active": false
      },
      {
        "regime": "downward_expansion",
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        "end": "2026-03-13",
        "tenure": "Extended",
        "return": -0.400758,
        "active": false
      },
      {
        "regime": "balance",
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        "tenure": "Established",
        "return": -0.135497,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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        "typical_volume": 84903.1,
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      {
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      {
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      },
      {
        "date": "2026-07-03",
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      },
      {
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        "relative_strength": -31.669007,
        "stage": 1,
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        "gate": "mixed",
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      },
      {
        "date": "2026-07-17",
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        "volume": 3870056,
        "typical_volume": 1729354.55,
        "trend": 0.67854,
        "fair_value": 2.325273,
        "relative_strength": -24.832432,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 41.10826,
        "energy": 21.120444,
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          0.697613,
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          0.681046,
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        ]
      },
      {
        "date": "2026-07-24",
        "close": 0.6627,
        "volume": 1461431,
        "typical_volume": 1752122.25,
        "trend": 0.676297,
        "fair_value": 2.263399,
        "relative_strength": -25.9428,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 26.707302,
        "energy": 14.523877,
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          0.689353,
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          0.67879,
          0.679066
        ]
      },
      {
        "date": "2026-07-31",
        "close": 0.6706,
        "volume": 654516,
        "typical_volume": 1675798.1,
        "trend": 0.67546,
        "fair_value": 2.201608,
        "relative_strength": -23.623464,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 25.952388,
        "energy": 9.554575,
        "activity_lines": [
          0.681813,
          0.679242,
          0.677229,
          0.678698
        ]
      },
      {
        "date": "2026-08-07",
        "close": 0.6712,
        "volume": 509460,
        "typical_volume": 1476239.0,
        "trend": 0.67518,
        "fair_value": 2.139821,
        "relative_strength": -25.296145,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -2.730433,
        "energy": 2.483649,
        "activity_lines": [
          0.6742,
          0.678273,
          0.676298,
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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."
    }
  }
}