{
  "ticker": {
    "uuid": "9cf91720-3ed7-4e95-a55d-a43e5bd77e55",
    "symbol": "EHC",
    "name": "Encompass Health Corp",
    "exchange": "NYSE",
    "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": "SPY",
    "stage": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 74.346,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 86.816,
    "architecture_energy": 81.778,
    "architecture_maturity": 21.501,
    "architecture_confidence": 69.466,
    "architecture_tenure": "New",
    "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": 22.12,
        "rotation_up": 81.39,
        "upward_expansion": 92.57,
        "deceleration": 41.88,
        "rotation_down": 8.73,
        "downward_expansion": 16.91
      },
      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 125.23,
    "trend_reference": 104.903348,
    "distance_from_trend": 0.193766,
    "trend_direction": "Weakening",
    "fair_value": 95.342821,
    "distance_from_fair_value": 0.313471,
    "fair_value_direction": "Improving",
    "relative_strength": 1.244784,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.190572,
    "excess_performance": 0.064947,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.193766,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.005113,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.313471,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.158925,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.012448,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.177023,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.190572,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.089107,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 6576396,
      "relative_activity": 1.392334,
      "balance": 2.089107,
      "dry_up": 0.98657,
      "accumulation_observations": 4,
      "distribution_observations": 0
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    "risk": {
      "range_context": 0.058723,
      "annualized_volatility": 0.299453,
      "from_high_reference": -0.017904,
      "from_low_reference": 0.352531
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    "levels": {
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      "fair_value_reference": 95.342821,
      "structural_low": 94.795044,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
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    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 31,
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        "positive_rate": 0.548387,
        "directional_follow_through": 0.548387,
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        "worst_return": -0.12991,
        "sufficient": true
      },
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        "horizon": "Intermediate",
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        "horizon": "Extended",
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        "horizon": "Full cycle",
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      },
      {
        "date": "2026-04-17",
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      },
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      },
      {
        "date": "2026-05-08",
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        "stage": 4,
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        "modifier": "Balance after decline",
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        "date": "2026-05-15",
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      },
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      },
      {
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      },
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        "date": "2026-06-05",
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      },
      {
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      },
      {
        "date": "2026-07-03",
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        "typical_volume": 4687867.65,
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        "fair_value": 93.822998,
        "relative_strength": -12.098813,
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 4748458.55,
        "trend": 103.590188,
        "fair_value": 94.106543,
        "relative_strength": -9.788147,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
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        "energy": 26.25131,
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      },
      {
        "date": "2026-07-17",
        "close": 112.21,
        "volume": 5177630,
        "typical_volume": 4769676.55,
        "trend": 103.797405,
        "fair_value": 94.407564,
        "relative_strength": -6.385883,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 63.239581,
        "energy": 49.797915,
        "activity_lines": [
          108.079838,
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          104.315002
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      },
      {
        "date": "2026-07-24",
        "close": 112.89,
        "volume": 3820085,
        "typical_volume": 4748714.35,
        "trend": 103.989762,
        "fair_value": 94.716085,
        "relative_strength": -5.068181,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.581482,
        "energy": 64.360544,
        "activity_lines": [
          110.522031,
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          105.683846,
          104.901621
        ]
      },
      {
        "date": "2026-07-31",
        "close": 111.07,
        "volume": 3065323,
        "typical_volume": 4634559.4,
        "trend": 104.153334,
        "fair_value": 94.986676,
        "relative_strength": -7.313626,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 59.390623,
        "energy": 66.264671,
        "activity_lines": [
          111.354667,
          108.154226,
          106.347287,
          105.35841
        ]
      },
      {
        "date": "2026-08-07",
        "close": 125.23,
        "volume": 6576396,
        "typical_volume": 4723290.4,
        "trend": 104.903348,
        "fair_value": 95.342821,
        "relative_strength": 1.244784,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 86.816354,
        "energy": 81.778056,
        "activity_lines": [
          116.245333,
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          108.307417,
          106.718195
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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."
    }
  }
}