{
  "ticker": {
    "uuid": "9c428995-eb7c-4b61-8e30-8b84a57d3d72",
    "symbol": "EGHT",
    "name": "8x8 Inc Common Stock",
    "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": "3b",
    "phase_label": "Stage 3B \u00b7 Distribution",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 56.217,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "down",
    "architecture_direction": -9.603,
    "architecture_energy": 7.379,
    "architecture_maturity": 18.88,
    "architecture_confidence": 60.538,
    "architecture_tenure": "New",
    "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": 57.53,
        "rotation_up": 29.28,
        "upward_expansion": 20.76,
        "deceleration": 34.99,
        "rotation_down": 25.45,
        "downward_expansion": 54.76
      },
      "activity_lines": [
        2.008667,
        1.936727,
        1.985143,
        2.009032
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.0
    },
    "latest_close": 2.3,
    "trend_reference": 2.030667,
    "distance_from_trend": 0.132633,
    "trend_direction": "Weakening",
    "fair_value": 2.330032,
    "distance_from_fair_value": -0.012889,
    "fair_value_direction": "Weakening",
    "relative_strength": -0.123869,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.122137,
    "excess_performance": -0.309591,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.132633,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.014399,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.012889,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.105793,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.001239,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.152282,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.122137,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.560469,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 10809258,
      "relative_activity": 1.301033,
      "balance": 0.560469,
      "dry_up": 1.145324,
      "accumulation_observations": 3,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.156706,
      "annualized_volatility": 0.829768,
      "from_high_reference": -0.201389,
      "from_low_reference": 0.464968
    },
    "levels": {
      "trend_reference": 2.030667,
      "fair_value_reference": 2.330032,
      "structural_low": 1.59,
      "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": 17,
        "median_return": 0.072539,
        "positive_rate": 0.529412,
        "directional_follow_through": 0.529412,
        "median_excess_return": 0.031295,
        "regime_survival": 0.411765,
        "best_return": 0.527638,
        "worst_return": -0.248571,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": -0.062176,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.428571,
        "median_excess_return": -0.112888,
        "regime_survival": 0.142857,
        "best_return": 0.662722,
        "worst_return": -0.417266,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": -0.005181,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.138665,
        "regime_survival": 0.2,
        "best_return": 0.843195,
        "worst_return": -0.146283,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.056732,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.367789,
        "regime_survival": 0.5,
        "best_return": 0.088757,
        "worst_return": -0.202222,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-18",
        "end": "2025-07-04",
        "tenure": "Developing",
        "return": 0.367089,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "tenure": "Developing",
        "return": 0.165803,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-10-10",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "balance",
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        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "downward_expansion",
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        "tenure": "New",
        "return": -0.011905,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "active": false
      },
      {
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      },
      {
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        "active": false
      },
      {
        "regime": "rotation_down",
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        "return": -0.035354,
        "active": false
      },
      {
        "regime": "balance",
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      },
      {
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      },
      {
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      },
      {
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    ],
    "chart_path": [
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      },
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        "date": "2026-05-01",
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      },
      {
        "date": "2026-05-08",
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      },
      {
        "date": "2026-05-15",
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        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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      },
      {
        "date": "2026-05-22",
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      },
      {
        "date": "2026-05-29",
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      },
      {
        "date": "2026-06-05",
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        "relative_strength": -19.288309,
        "stage": 3,
        "regime": "balance",
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      {
        "date": "2026-06-12",
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        "typical_volume": 8836444.0,
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        "relative_strength": -25.33541,
        "stage": 4,
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        "modifier": "Upper balance after advance",
        "gate": "mixed",
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "fair_value": 2.388365,
        "relative_strength": -12.665564,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -47.190835,
        "energy": 28.191911,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 1.88,
        "volume": 8022262,
        "typical_volume": 7609027.05,
        "trend": 2.026667,
        "fair_value": 2.372596,
        "relative_strength": -16.058614,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -48.28768,
        "energy": 25.21714,
        "activity_lines": [
          1.892667,
          1.899455,
          1.985952,
          2.016925
        ]
      },
      {
        "date": "2026-07-24",
        "close": 1.74,
        "volume": 10482350,
        "typical_volume": 7814916.7,
        "trend": 2.017667,
        "fair_value": 2.35484,
        "relative_strength": -20.549048,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -54.532946,
        "energy": 26.422456,
        "activity_lines": [
          1.850667,
          1.858909,
          1.960048,
          1.99843
        ]
      },
      {
        "date": "2026-07-31",
        "close": 1.9,
        "volume": 8748497,
        "typical_volume": 8002222.6,
        "trend": 2.018,
        "fair_value": 2.337788,
        "relative_strength": -13.391107,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -36.019791,
        "energy": 18.008128,
        "activity_lines": [
          1.868667,
          1.858727,
          1.953095,
          1.990839
        ]
      },
      {
        "date": "2026-08-07",
        "close": 2.3,
        "volume": 10809258,
        "typical_volume": 8308209.7,
        "trend": 2.030667,
        "fair_value": 2.330032,
        "relative_strength": -0.123869,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -9.603228,
        "energy": 7.378771,
        "activity_lines": [
          2.008667,
          1.936727,
          1.985143,
          2.009032
        ]
      }
    ],
    "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."
    }
  }
}