{
  "ticker": {
    "uuid": "9b55c6a1-e154-4cb1-b9be-463b36c1d17e",
    "symbol": "E1XR34",
    "name": "Extra Space Storage Inc.",
    "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": "1c",
    "phase_label": "Stage 1C \u00b7 Breakout watch",
    "transition": "stage_1_to_2_watch",
    "transition_label": "Stage 1 \u2192 2 watch",
    "confidence": 91.692,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 78.819,
    "architecture_energy": 53.888,
    "architecture_maturity": 54.42,
    "architecture_confidence": 64.074,
    "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": 21.61,
        "rotation_up": 52.76,
        "upward_expansion": 78.81,
        "deceleration": 71.46,
        "rotation_down": 24.78,
        "downward_expansion": 7.81
      },
      "activity_lines": [
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        183.880354,
        182.295385
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 191.710007,
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    "distance_from_trend": 0.056664,
    "trend_direction": "Improving",
    "fair_value": 187.935177,
    "distance_from_fair_value": 0.020086,
    "fair_value_direction": "Improving",
    "relative_strength": 0.678704,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.058091,
    "excess_performance": 0.115139,
    "evidence": [
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        "label": "Price vs Trend",
        "positive": true,
        "value": 0.056664,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.018303,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.020086,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.090616,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.006787,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.225747,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.058091,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 4.631579,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 3,
      "relative_activity": 0.41958,
      "balance": 4.631579,
      "dry_up": 0.524476,
      "accumulation_observations": 2,
      "distribution_observations": 1
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    "risk": {
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      "annualized_volatility": 0.184874,
      "from_high_reference": -0.033822,
      "from_low_reference": 0.142371
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      "fair_value_reference": 187.935177,
      "structural_low": 167.817657,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
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        "sufficient": true
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        "date": "2026-05-01",
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        "volume": 4,
        "typical_volume": 193.65,
        "trend": 180.429143,
        "fair_value": 186.00844,
        "relative_strength": -23.856807,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
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        "direction": -60.08976,
        "energy": 52.204985,
        "activity_lines": [
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      },
      {
        "date": "2026-05-08",
        "close": 172.867584,
        "volume": 1,
        "typical_volume": 191.6,
        "trend": 179.908064,
        "fair_value": 185.985077,
        "relative_strength": -21.895991,
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        "modifier": "Early contraction",
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        "direction": -56.962613,
        "energy": 46.002922,
        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
        "close": 174.474823,
        "volume": 1,
        "typical_volume": 191.55,
        "trend": 179.191801,
        "fair_value": 185.972016,
        "relative_strength": -17.521032,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -45.072077,
        "energy": 38.88017,
        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
        "close": 174.474823,
        "volume": 0,
        "typical_volume": 191.55,
        "trend": 178.475538,
        "fair_value": 185.958956,
        "relative_strength": -16.423921,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
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        "direction": -42.301831,
        "energy": 32.68957,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-29",
        "close": 184.525024,
        "volume": 4,
        "typical_volume": 191.75,
        "trend": 178.168421,
        "fair_value": 186.101437,
        "relative_strength": -9.764034,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "down",
        "direction": 1.969055,
        "energy": 15.225959,
        "activity_lines": [
          177.503442,
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      },
      {
        "date": "2026-06-05",
        "close": 181.975266,
        "volume": 5,
        "typical_volume": 191.95,
        "trend": 177.776313,
        "fair_value": 186.236055,
        "relative_strength": -7.899933,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 29.434929,
        "energy": 34.617505,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
        "close": 186.960007,
        "volume": 44,
        "typical_volume": 194.1,
        "trend": 178.286881,
        "fair_value": 186.406135,
        "relative_strength": -5.955294,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 59.636421,
        "energy": 66.515849,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
        "close": 187.339996,
        "volume": 32,
        "typical_volume": 195.65,
        "trend": 178.93173,
        "fair_value": 186.599361,
        "relative_strength": -3.754782,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 54.033026,
        "energy": 76.732826,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
        "close": 184.300003,
        "volume": 2,
        "typical_volume": 195.75,
        "trend": 179.052195,
        "fair_value": 186.735938,
        "relative_strength": -7.254612,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 57.303402,
        "energy": 82.606298,
        "activity_lines": [
          185.347705,
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          179.363115
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      },
      {
        "date": "2026-07-03",
        "close": 184.300003,
        "volume": 0,
        "typical_volume": 8.7,
        "trend": 179.512792,
        "fair_value": 186.867265,
        "relative_strength": -7.237834,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 57.171798,
        "energy": 80.729595,
        "activity_lines": [
          185.107686,
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          179.619969,
          179.701683
        ]
      },
      {
        "date": "2026-07-10",
        "close": 192.240005,
        "volume": 4,
        "typical_volume": 8.9,
        "trend": 180.128965,
        "fair_value": 187.042389,
        "relative_strength": -4.565407,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 93.327124,
        "energy": 96.038985,
        "activity_lines": [
          187.529336,
          185.124695,
          180.853457,
          180.522794
        ]
      },
      {
        "date": "2026-07-17",
        "close": 189.720001,
        "volume": 2,
        "typical_volume": 7.5,
        "trend": 180.523362,
        "fair_value": 187.196072,
        "relative_strength": -2.882888,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 76.604588,
        "energy": 87.847159,
        "activity_lines": [
          188.426669,
          186.465468,
          181.814967,
          181.141571
        ]
      },
      {
        "date": "2026-07-24",
        "close": 184.199997,
        "volume": 10,
        "typical_volume": 7.1,
        "trend": 180.74196,
        "fair_value": 187.365409,
        "relative_strength": -5.140571,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.931323,
        "energy": 57.568596,
        "activity_lines": [
          187.300001,
          186.496195,
          182.254405,
          181.378773
        ]
      },
      {
        "date": "2026-07-31",
        "close": 184.199997,
        "volume": 0,
        "typical_volume": 7.0,
        "trend": 180.960558,
        "fair_value": 187.652564,
        "relative_strength": -6.594429,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.217088,
        "energy": 51.688275,
        "activity_lines": [
          186.382666,
          186.350101,
          182.720395,
          181.601872
        ]
      },
      {
        "date": "2026-08-07",
        "close": 191.710007,
        "volume": 3,
        "typical_volume": 7.15,
        "trend": 181.42949,
        "fair_value": 187.935177,
        "relative_strength": 0.678704,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 78.818604,
        "energy": 53.888001,
        "activity_lines": [
          187.975335,
          187.392643,
          183.880354,
          182.295385
        ]
      }
    ],
    "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."
    }
  }
}