{
  "ticker": {
    "uuid": "9940126f-1f77-49af-9fb8-35fb9864083d",
    "symbol": "ATRC",
    "name": "AtriCure 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": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 86.465,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Value reclamation",
    "architecture_gate": "mixed",
    "architecture_direction": 63.124,
    "architecture_energy": 82.157,
    "architecture_maturity": 28.0,
    "architecture_confidence": 77.076,
    "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": 8.51,
        "rotation_up": 83.08,
        "upward_expansion": 70.47,
        "deceleration": 18.03,
        "rotation_down": 16.19,
        "downward_expansion": 26.47
      },
      "activity_lines": [
        37.819333,
        35.184364,
        32.320381,
        31.587473
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 41.39,
    "trend_reference": 31.744667,
    "distance_from_trend": 0.303841,
    "trend_direction": "Weakening",
    "fair_value": 32.785096,
    "distance_from_fair_value": 0.262464,
    "fair_value_direction": "Improving",
    "relative_strength": 5.968463,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.115333,
    "excess_performance": -0.072121,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.303841,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.051218,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.262464,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.496803,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.059685,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.421065,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.115333,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 6.736828,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 4047699,
      "relative_activity": 0.975724,
      "balance": 6.736828,
      "dry_up": 1.136885,
      "accumulation_observations": 4,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.077535,
      "annualized_volatility": 0.368248,
      "from_high_reference": -0.041454,
      "from_low_reference": 0.632098
    },
    "levels": {
      "trend_reference": 31.744667,
      "fair_value_reference": 32.785096,
      "structural_low": 25.36,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 3,
        "median_return": -0.032661,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.08053,
        "regime_survival": 0.0,
        "best_return": -0.007926,
        "worst_return": -0.251779,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": -0.039565,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.072398,
        "regime_survival": 0.0,
        "best_return": 0.05858,
        "worst_return": -0.260271,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": -0.134891,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.201893,
        "regime_survival": 0.0,
        "best_return": 0.155755,
        "worst_return": -0.483819,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.144822,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.103524,
        "regime_survival": 0.0,
        "best_return": 0.255341,
        "worst_return": -0.544985,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-05-09",
        "end": "2025-05-30",
        "tenure": "New",
        "return": 0.115521,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-06",
        "end": "2025-07-11",
        "tenure": "Developing",
        "return": -0.120778,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-07-18",
        "end": "2025-08-01",
        "tenure": "New",
        "return": 0.176008,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-08-08",
        "end": "2025-08-15",
        "tenure": "New",
        "return": 0.003965,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "tenure": "New",
        "return": -0.068773,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-09-19",
        "end": "2025-09-26",
        "tenure": "New",
        "return": -0.033763,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-10-03",
        "end": "2025-10-17",
        "tenure": "New",
        "return": 0.067509,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-10-24",
        "end": "2025-10-31",
        "tenure": "New",
        "return": -0.079648,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-12-12",
        "tenure": "Developing",
        "return": 0.322309,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-12-19",
        "end": "2026-02-06",
        "tenure": "Developing",
        "return": -0.093773,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-02-13",
        "end": "2026-02-20",
        "tenure": "New",
        "return": -0.002144,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-02-27",
        "end": "2026-03-06",
        "tenure": "New",
        "return": -0.039667,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-03-13",
        "end": "2026-07-10",
        "tenure": "Established",
        "return": 0.148601,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.184263,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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        "typical_volume": 1412125.95,
        "trend": 45.900333,
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      },
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      },
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      },
      {
        "date": "2026-07-03",
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      },
      {
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      },
      {
        "date": "2026-07-17",
        "close": 34.95,
        "volume": 3703016,
        "typical_volume": 3889008.1,
        "trend": 31.973667,
        "fair_value": 33.106314,
        "relative_strength": -7.498821,
        "stage": 1,
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        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 39.22567,
        "energy": 52.886687,
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          33.093333,
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      },
      {
        "date": "2026-07-24",
        "close": 35.04,
        "volume": 5247272,
        "typical_volume": 4010134.95,
        "trend": 31.797333,
        "fair_value": 32.976122,
        "relative_strength": -5.602085,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 35.811357,
        "energy": 61.840495,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 37.76,
        "volume": 5867060,
        "typical_volume": 4137468.55,
        "trend": 31.747,
        "fair_value": 32.851314,
        "relative_strength": 1.438258,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 55.019617,
        "energy": 73.549565,
        "activity_lines": [
          35.610667,
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      },
      {
        "date": "2026-08-07",
        "close": 41.39,
        "volume": 4047699,
        "typical_volume": 4148406.0,
        "trend": 31.744667,
        "fair_value": 32.785096,
        "relative_strength": 5.968463,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 63.123674,
        "energy": 82.157379,
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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."
    }
  }
}