{
  "ticker": {
    "uuid": "985448e7-d4da-4f7b-9e9c-72a996c96a34",
    "symbol": "SQ3",
    "name": "Block, Inc.",
    "exchange": "GER",
    "country": "DE",
    "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": "^GDAXI",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 62.137,
    "architecture_energy": 49.686,
    "architecture_maturity": 42.592,
    "architecture_confidence": 86.429,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 9.39,
        "rotation_up": 60.03,
        "upward_expansion": 82.96,
        "deceleration": 58.49,
        "rotation_down": 20.84,
        "downward_expansion": 7.29
      },
      "activity_lines": [
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        62.247322
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.833333
    },
    "latest_close": 68.349998,
    "trend_reference": 58.608166,
    "distance_from_trend": 0.16622,
    "trend_direction": "Improving",
    "fair_value": 61.295513,
    "distance_from_fair_value": 0.11509,
    "fair_value_direction": "Improving",
    "relative_strength": 6.407949,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.440008,
    "excess_performance": 0.375369,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.16622,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.068157,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.11509,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.074378,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.064079,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.022876,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.440008,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.746244,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 12918,
      "relative_activity": 1.611487,
      "balance": 0.746244,
      "dry_up": 1.093473,
      "accumulation_observations": 3,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.073097,
      "annualized_volatility": 0.486211,
      "from_high_reference": -0.090486,
      "from_low_reference": 0.654563
    },
    "levels": {
      "trend_reference": 58.608166,
      "fair_value_reference": 61.295513,
      "structural_low": 41.310001,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 10,
        "median_return": -0.001607,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.029846,
        "regime_survival": 0.5,
        "best_return": 0.068918,
        "worst_return": -0.113285,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "median_return": -0.115216,
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        "worst_return": -0.249833,
        "sufficient": false
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      {
        "horizon": "Extended",
        "sample_count": 3,
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        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
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        "horizon": "Full cycle",
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          56.877333,
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          53.287952,
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        ]
      },
      {
        "date": "2026-05-01",
        "close": 59.75,
        "volume": 7197,
        "typical_volume": 15882.45,
        "trend": 55.324833,
        "fair_value": 60.845641,
        "relative_strength": 3.215442,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 23.773682,
        "energy": 44.010393,
        "activity_lines": [
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      },
      {
        "date": "2026-05-08",
        "close": 63.400002,
        "volume": 15828,
        "typical_volume": 15982.05,
        "trend": 55.293167,
        "fair_value": 60.919872,
        "relative_strength": 8.695562,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 44.565198,
        "energy": 62.232114,
        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
        "close": 60.799999,
        "volume": 6902,
        "typical_volume": 16134.35,
        "trend": 55.182833,
        "fair_value": 60.963141,
        "relative_strength": 5.625055,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 33.629129,
        "energy": 57.615817,
        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "volume": 10766,
        "typical_volume": 16173.55,
        "trend": 54.862166,
        "fair_value": 60.981923,
        "relative_strength": -1.846359,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 58.439149,
        "energy": 56.019303,
        "activity_lines": [
          60.48,
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      },
      {
        "date": "2026-05-29",
        "close": 65.599998,
        "volume": 11693,
        "typical_volume": 15867.0,
        "trend": 54.8685,
        "fair_value": 61.027564,
        "relative_strength": 8.258954,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "direction": 75.096602,
        "energy": 66.815386,
        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
        "close": 59.299999,
        "volume": 11575,
        "typical_volume": 15477.6,
        "trend": 55.0055,
        "fair_value": 61.017692,
        "relative_strength": -0.841588,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 56.067486,
        "energy": 39.083156,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
        "close": 60.200001,
        "volume": 1720,
        "typical_volume": 14702.35,
        "trend": 55.2385,
        "fair_value": 61.016538,
        "relative_strength": 1.052502,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 53.451876,
        "energy": 35.585862,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
        "close": 63.5,
        "volume": 6078,
        "typical_volume": 14018.7,
        "trend": 55.606166,
        "fair_value": 61.055833,
        "relative_strength": 4.960948,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.120032,
        "energy": 42.271531,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
        "close": 67.150002,
        "volume": 1011,
        "typical_volume": 12285.1,
        "trend": 55.911166,
        "fair_value": 61.101026,
        "relative_strength": 12.084896,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 72.380702,
        "energy": 47.378854,
        "activity_lines": [
          63.636667,
          62.554546,
          59.792928,
          57.762376
        ]
      },
      {
        "date": "2026-07-03",
        "close": 68.300003,
        "volume": 649,
        "typical_volume": 10442.2,
        "trend": 56.422833,
        "fair_value": 61.144936,
        "relative_strength": 8.917633,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 74.963521,
        "energy": 69.298335,
        "activity_lines": [
          65.353335,
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          60.898548,
          58.561656
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      },
      {
        "date": "2026-07-10",
        "close": 67.550003,
        "volume": 6936,
        "typical_volume": 9761.05,
        "trend": 56.882833,
        "fair_value": 61.147051,
        "relative_strength": 10.527474,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.375148,
        "energy": 73.757859,
        "activity_lines": [
          66.640002,
          64.607274,
          61.805477,
          59.279538
        ]
      },
      {
        "date": "2026-07-17",
        "close": 69.449997,
        "volume": 10191,
        "typical_volume": 8824.3,
        "trend": 57.346833,
        "fair_value": 61.154231,
        "relative_strength": 14.480562,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 72.528164,
        "energy": 79.382493,
        "activity_lines": [
          68.010001,
          65.696364,
          62.787476,
          60.090323
        ]
      },
      {
        "date": "2026-07-24",
        "close": 68.5,
        "volume": 3812,
        "typical_volume": 8075.0,
        "trend": 57.8105,
        "fair_value": 61.135897,
        "relative_strength": 11.798077,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.150346,
        "energy": 72.415379,
        "activity_lines": [
          68.446667,
          66.502728,
          63.597572,
          60.809882
        ]
      },
      {
        "date": "2026-07-31",
        "close": 70.05,
        "volume": 8141,
        "typical_volume": 7769.1,
        "trend": 58.309166,
        "fair_value": 61.214551,
        "relative_strength": 11.950152,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.901051,
        "energy": 62.778267,
        "activity_lines": [
          69.066667,
          67.45091,
          64.50281,
          61.599527
        ]
      },
      {
        "date": "2026-08-07",
        "close": 68.349998,
        "volume": 12918,
        "typical_volume": 8016.2,
        "trend": 58.608166,
        "fair_value": 61.295513,
        "relative_strength": 6.407949,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.136927,
        "energy": 49.686152,
        "activity_lines": [
          68.926666,
          67.885455,
          65.163143,
          62.247322
        ]
      }
    ],
    "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."
    }
  }
}