{
  "ticker": {
    "uuid": "a231155b-02d7-4568-ab24-92d69acb4af5",
    "symbol": "DAO",
    "name": "Youdao Inc",
    "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": 2,
    "stage_name": "Advancing",
    "phase": "2c",
    "phase_label": "Stage 2C \u00b7 Late advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 86.378,
    "architecture_energy": 90.19,
    "architecture_maturity": 28.0,
    "architecture_confidence": 76.069,
    "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": 4.0,
        "rotation_up": 86.49,
        "upward_expansion": 98.37,
        "deceleration": 39.01,
        "rotation_down": 8.4,
        "downward_expansion": 20.37
      },
      "activity_lines": [
        16.436667,
        14.839818,
        13.460429,
        12.619011
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 18.14,
    "trend_reference": 11.74,
    "distance_from_trend": 0.545145,
    "trend_direction": "Improving",
    "fair_value": 7.288718,
    "distance_from_fair_value": 1.488778,
    "fair_value_direction": "Improving",
    "relative_strength": 48.79011,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.834176,
    "excess_performance": 0.708551,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.545145,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.120158,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 1.488778,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.598053,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.487901,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.360229,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.834176,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.106113,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 260606,
      "relative_activity": 0.715933,
      "balance": 1.106113,
      "dry_up": 0.666836,
      "accumulation_observations": 2,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.110135,
      "annualized_volatility": 0.465865,
      "from_high_reference": -0.017335,
      "from_low_reference": 1.185542
    },
    "levels": {
      "trend_reference": 11.74,
      "fair_value_reference": 7.288718,
      "structural_low": 8.86,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 19,
        "median_return": -0.027052,
        "positive_rate": 0.421053,
        "directional_follow_through": 0.421053,
        "median_excess_return": -0.05454,
        "regime_survival": 0.631579,
        "best_return": 0.589322,
        "worst_return": -0.227311,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": -0.019438,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.428571,
        "median_excess_return": -0.137054,
        "regime_survival": 0.428571,
        "best_return": 0.51606,
        "worst_return": -0.210526,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.124104,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.011655,
        "regime_survival": 0.25,
        "best_return": 0.655246,
        "worst_return": -0.373368,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.422508,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.240125,
        "regime_survival": 0.5,
        "best_return": 1.35546,
        "worst_return": -0.510444,
        "sufficient": false
      }
    ],
    "ledger": [
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        "label": "Rotation Up",
        "color": "teal",
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        "end": "2024-10-11",
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        "active": false
      },
      {
        "regime": "upward_expansion",
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        "tenure": "Established",
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      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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      {
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      },
      {
        "regime": "balance",
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      {
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      {
        "regime": "deceleration",
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      {
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        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 46.07819,
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        "activity_lines": [
          10.568667,
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      },
      {
        "date": "2026-05-08",
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        "typical_volume": 419667.9,
        "trend": 10.332333,
        "fair_value": 6.56891,
        "relative_strength": 12.767214,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 421944.95,
        "trend": 10.365667,
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        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "energy": 66.46029,
        "activity_lines": [
          11.636,
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        ]
      },
      {
        "date": "2026-05-22",
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        "typical_volume": 427944.3,
        "trend": 10.432,
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        "direction": 76.278674,
        "energy": 73.629755,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 428669.2,
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        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 418977.4,
        "trend": 10.521667,
        "fair_value": 6.756154,
        "relative_strength": 5.660904,
        "stage": 2,
        "regime": "upward_expansion",
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        "energy": 46.16595,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "volume": 504541,
        "typical_volume": 409509.45,
        "trend": 10.592667,
        "fair_value": 6.795769,
        "relative_strength": 2.65701,
        "stage": 2,
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        "modifier": "Early expansion",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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        "energy": 23.975302,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
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        "volume": 597418,
        "typical_volume": 416663.8,
        "trend": 10.709333,
        "fair_value": 6.883782,
        "relative_strength": 1.304638,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 34.868382,
        "energy": 16.232392,
        "activity_lines": [
          11.551333,
          11.757818,
          11.298048,
          11.044129
        ]
      },
      {
        "date": "2026-07-03",
        "close": 12.59,
        "volume": 314476,
        "typical_volume": 399939.45,
        "trend": 10.812333,
        "fair_value": 6.934551,
        "relative_strength": 11.834092,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 46.268948,
        "energy": 23.002918,
        "activity_lines": [
          11.869333,
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          11.165462
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      },
      {
        "date": "2026-07-10",
        "close": 13.47,
        "volume": 430625,
        "typical_volume": 394531.4,
        "trend": 10.960667,
        "fair_value": 6.990128,
        "relative_strength": 17.497401,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 63.944867,
        "energy": 35.802713,
        "activity_lines": [
          12.438,
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          11.69181,
          11.336925
        ]
      },
      {
        "date": "2026-07-17",
        "close": 14.55,
        "volume": 263633,
        "typical_volume": 380533.35,
        "trend": 11.146333,
        "fair_value": 7.055385,
        "relative_strength": 28.031244,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 72.53631,
        "energy": 59.670921,
        "activity_lines": [
          13.246,
          12.636364,
          12.009905,
          11.568495
        ]
      },
      {
        "date": "2026-07-24",
        "close": 15.36,
        "volume": 167927,
        "typical_volume": 367101.5,
        "trend": 11.342333,
        "fair_value": 7.119808,
        "relative_strength": 34.77832,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 77.605697,
        "energy": 75.405038,
        "activity_lines": [
          14.114,
          13.179091,
          12.386905,
          11.840344
        ]
      },
      {
        "date": "2026-07-31",
        "close": 16.8,
        "volume": 278771,
        "typical_volume": 366546.1,
        "trend": 11.528333,
        "fair_value": 7.197372,
        "relative_strength": 44.314481,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 83.062325,
        "energy": 84.644059,
        "activity_lines": [
          15.241333,
          13.922545,
          12.876,
          12.192452
        ]
      },
      {
        "date": "2026-08-07",
        "close": 18.14,
        "volume": 260606,
        "typical_volume": 364008.85,
        "trend": 11.74,
        "fair_value": 7.288718,
        "relative_strength": 48.79011,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 86.377548,
        "energy": 90.190225,
        "activity_lines": [
          16.436667,
          14.839818,
          13.460429,
          12.619011
        ]
      }
    ],
    "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."
    }
  }
}