{
  "ticker": {
    "uuid": "9fddf179-80cb-4536-aa86-16113f691570",
    "symbol": "TM",
    "name": "Toyota Motor Corporation ADR",
    "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": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -32.493,
    "architecture_energy": 25.71,
    "architecture_maturity": 83.674,
    "architecture_confidence": 69.428,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 42.74,
        "rotation_up": 31.33,
        "upward_expansion": 21.04,
        "deceleration": 46.92,
        "rotation_down": 19.88,
        "downward_expansion": 55.04
      },
      "activity_lines": [
        184.689333,
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        182.916143,
        190.227355
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.0
    },
    "latest_close": 190.09,
    "trend_reference": 201.886,
    "distance_from_trend": -0.058429,
    "trend_direction": "Weakening",
    "fair_value": 189.320295,
    "distance_from_fair_value": 0.004066,
    "fair_value_direction": "Weakening",
    "relative_strength": -16.321537,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.221644,
    "excess_performance": -0.347269,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.058429,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.047636,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.004066,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.001736,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.163215,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.005459,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.221644,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.050043,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 2233740,
      "relative_activity": 1.004658,
      "balance": 1.050043,
      "dry_up": 0.978552,
      "accumulation_observations": 4,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.045936,
      "annualized_volatility": 0.276891,
      "from_high_reference": -0.23628,
      "from_low_reference": 0.144431
    },
    "levels": {
      "trend_reference": 201.886,
      "fair_value_reference": 189.320295,
      "structural_low": 166.1,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 19,
        "median_return": 0.007637,
        "positive_rate": 0.526316,
        "directional_follow_through": 0.473684,
        "median_excess_return": -0.014364,
        "regime_survival": 0.789474,
        "best_return": 0.148295,
        "worst_return": -0.097452,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": 0.015249,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
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        "regime_survival": 0.5,
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        "worst_return": -0.154572,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.00411,
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        "median_excess_return": -0.086225,
        "regime_survival": 0.25,
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        "worst_return": -0.200601,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "directional_follow_through": 0.666667,
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        "best_return": 0.012779,
        "worst_return": -0.180775,
        "sufficient": false
      }
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        "end": "2024-07-19",
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        "return": 0.0,
        "active": false
      },
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        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "tenure": "Established",
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      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "active": false
      },
      {
        "regime": "deceleration",
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      {
        "regime": "rotation_down",
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        "active": false
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      {
        "regime": "balance",
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        "active": false
      },
      {
        "regime": "downward_expansion",
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        "active": false
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      {
        "regime": "balance",
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        "active": false
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      {
        "regime": "upward_expansion",
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      {
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        "date": "2026-04-17",
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      },
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 2149957.9,
        "trend": 205.203,
        "fair_value": 188.769777,
        "relative_strength": -19.394037,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.666924,
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        ]
      },
      {
        "date": "2026-07-24",
        "close": 177.42,
        "volume": 1876790,
        "typical_volume": 2131948.75,
        "trend": 203.896333,
        "fair_value": 188.908992,
        "relative_strength": -18.71726,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -50.032649,
        "energy": 49.826781,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 188.99,
        "volume": 2649283,
        "typical_volume": 2199979.3,
        "trend": 202.933667,
        "fair_value": 189.100638,
        "relative_strength": -14.160356,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -41.294791,
        "energy": 31.195285,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 190.09,
        "volume": 2233740,
        "typical_volume": 2223382.65,
        "trend": 201.886,
        "fair_value": 189.320295,
        "relative_strength": -16.321537,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -32.492668,
        "energy": 25.709777,
        "activity_lines": [
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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."
    }
  }
}