{
  "ticker": {
    "uuid": "9c9559b5-4b82-488d-9ab5-4cb283c6eaeb",
    "symbol": "CXDO",
    "name": "Crexendo 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": "3c",
    "phase_label": "Stage 3C \u00b7 Breakdown watch",
    "transition": "stage_3_to_4_watch",
    "transition_label": "Stage 3 \u2192 4 watch",
    "confidence": 71.735,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Momentum cooling",
    "architecture_gate": "mixed",
    "architecture_direction": -19.422,
    "architecture_energy": 28.006,
    "architecture_maturity": 34.693,
    "architecture_confidence": 62.731,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 40.62,
        "rotation_up": 18.96,
        "upward_expansion": 20.27,
        "deceleration": 53.42,
        "rotation_down": 54.59,
        "downward_expansion": 42.93
      },
      "activity_lines": [
        6.957333,
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        7.599905,
        7.436387
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.333333
    },
    "latest_close": 6.67,
    "trend_reference": 7.227,
    "distance_from_trend": -0.077072,
    "trend_direction": "Improving",
    "fair_value": 5.360062,
    "distance_from_fair_value": 0.244389,
    "fair_value_direction": "Weakening",
    "relative_strength": -15.379436,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.02144,
    "excess_performance": -0.166014,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.077072,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.028999,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.244389,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.686495,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.153794,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.376486,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.02144,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.515188,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 3186858,
      "relative_activity": 1.312006,
      "balance": 0.515188,
      "dry_up": 1.100548,
      "accumulation_observations": 2,
      "distribution_observations": 5
    },
    "risk": {
      "range_context": 0.188277,
      "annualized_volatility": 0.696809,
      "from_high_reference": -0.406055,
      "from_low_reference": 0.201802
    },
    "levels": {
      "trend_reference": 7.227,
      "fair_value_reference": 5.360062,
      "structural_low": 5.55,
      "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": 9,
        "median_return": 0.074523,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.101558,
        "regime_survival": 0.555556,
        "best_return": 0.381148,
        "worst_return": -0.159664,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": -0.021671,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.037285,
        "regime_survival": 0.25,
        "best_return": 2.021978,
        "worst_return": -0.317227,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.4525,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.256411,
        "regime_survival": 0.333333,
        "best_return": 1.197802,
        "worst_return": 0.108949,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 1.242068,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.942886,
        "regime_survival": 0.0,
        "best_return": 2.192308,
        "worst_return": 0.291829,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-08-23",
        "end": "2024-09-27",
        "tenure": "Developing",
        "return": -0.137725,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-10-04",
        "end": "2024-10-11",
        "tenure": "New",
        "return": 0.118534,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-10-18",
        "end": "2024-11-29",
        "tenure": "Developing",
        "return": -0.07401,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-12-06",
        "end": "2025-01-31",
        "tenure": "Developing",
        "return": 0.122568,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-02-07",
        "end": "2025-04-11",
        "tenure": "Developing",
        "return": -0.256757,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-04-18",
        "end": "2025-04-25",
        "tenure": "New",
        "return": 0.067416,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-05-02",
        "end": "2025-05-09",
        "tenure": "New",
        "return": 0.093023,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-16",
        "end": "2025-07-04",
        "tenure": "Developing",
        "return": 0.101027,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-07-11",
        "end": "2025-07-25",
        "tenure": "New",
        "return": 0.020797,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-08-01",
        "end": "2025-08-29",
        "tenure": "Developing",
        "return": 0.192453,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-09-05",
        "end": "2026-02-13",
        "tenure": "Established",
        "return": -0.045524,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-02-20",
        "end": "2026-05-01",
        "tenure": "Developing",
        "return": 0.280136,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2026-06-19",
        "tenure": "Developing",
        "return": -0.245726,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2026-08-07",
        "tenure": "Developing",
        "return": -0.077455,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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        "typical_volume": 143484.8,
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      },
      {
        "date": "2023-08-25",
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        "date": "2026-05-01",
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        "date": "2026-06-05",
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        "date": "2026-06-12",
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      },
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      },
      {
        "date": "2026-07-03",
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        "fair_value": 5.180703,
        "relative_strength": -1.879737,
        "stage": 2,
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 2144731.3,
        "trend": 7.190667,
        "fair_value": 5.22346,
        "relative_strength": 4.915161,
        "stage": 2,
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        "gate": "up",
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        "energy": 19.687302,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
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        "volume": 2046007,
        "typical_volume": 2206171.6,
        "trend": 7.215,
        "fair_value": 5.262626,
        "relative_strength": 0.760227,
        "stage": 2,
        "regime": "deceleration",
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        "gate": "up",
        "direction": 25.390271,
        "energy": 11.798605,
        "activity_lines": [
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          7.825381,
          7.532774
        ]
      },
      {
        "date": "2026-07-24",
        "close": 6.62,
        "volume": 4006811,
        "typical_volume": 2312453.05,
        "trend": 7.220333,
        "fair_value": 5.294357,
        "relative_strength": -11.388459,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -0.560349,
        "energy": 4.304847,
        "activity_lines": [
          7.409333,
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          7.739762,
          7.494387
        ]
      },
      {
        "date": "2026-07-31",
        "close": 6.88,
        "volume": 1453237,
        "typical_volume": 2320432.3,
        "trend": 7.228667,
        "fair_value": 5.328011,
        "relative_strength": -8.475386,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -14.710282,
        "energy": 12.569983,
        "activity_lines": [
          7.206667,
          7.357818,
          7.681,
          7.47243
        ]
      },
      {
        "date": "2026-08-07",
        "close": 6.67,
        "volume": 3186858,
        "typical_volume": 2428996.85,
        "trend": 7.227,
        "fair_value": 5.360062,
        "relative_strength": -15.379436,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -19.421842,
        "energy": 28.006202,
        "activity_lines": [
          6.957333,
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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."
    }
  }
}