{
  "ticker": {
    "uuid": "a5618d36-11fd-4c53-9a86-2925077e162e",
    "symbol": "BIDUN",
    "name": "Baidu, Inc.",
    "exchange": "MEX",
    "country": "MX",
    "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": "^MXX",
    "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": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -66.092,
    "architecture_energy": 62.814,
    "architecture_maturity": 24.684,
    "architecture_confidence": 80.495,
    "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": 13.78,
        "rotation_up": 14.63,
        "upward_expansion": 11.82,
        "deceleration": 42.82,
        "rotation_down": 66.79,
        "downward_expansion": 85.15
      },
      "activity_lines": [
        1902.966667,
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        2081.050597
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 1887.0,
    "trend_reference": 2177.85933,
    "distance_from_trend": -0.133553,
    "trend_direction": "Weakening",
    "fair_value": 1940.556091,
    "distance_from_fair_value": -0.027598,
    "fair_value_direction": "Weakening",
    "relative_strength": -15.720465,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.232927,
    "excess_performance": -0.17826,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.133553,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.050248,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.027598,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.245372,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.157205,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.199715,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.232927,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.289217,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 375,
      "relative_activity": 0.30129,
      "balance": 3.289217,
      "dry_up": 0.598562,
      "accumulation_observations": 3,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.067237,
      "annualized_volatility": 0.400781,
      "from_high_reference": -0.342509,
      "from_low_reference": 0.192719
    },
    "levels": {
      "trend_reference": 2177.85933,
      "fair_value_reference": 1940.556091,
      "structural_low": 1805.400024,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 32,
        "median_return": 0.02972,
        "positive_rate": 0.5625,
        "directional_follow_through": 0.4375,
        "median_excess_return": 0.023731,
        "regime_survival": 0.75,
        "best_return": 0.363374,
        "worst_return": -0.189223,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 12,
        "median_return": -0.053616,
        "positive_rate": 0.416667,
        "directional_follow_through": 0.583333,
        "median_excess_return": -0.026198,
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        "worst_return": -0.125519,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
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        "directional_follow_through": 0.333333,
        "median_excess_return": -0.002583,
        "regime_survival": 0.333333,
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        "worst_return": -0.129624,
        "sufficient": true
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      {
        "horizon": "Full cycle",
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        "worst_return": -0.126751,
        "sufficient": false
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        "regime": "balance",
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      {
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      },
      {
        "date": "2026-07-24",
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        "direction": -71.509607,
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      },
      {
        "date": "2026-07-31",
        "close": 1918.0,
        "volume": 1445,
        "typical_volume": 1933.1,
        "trend": 2201.192664,
        "fair_value": 1943.331796,
        "relative_strength": -14.325323,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.870528,
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        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 1887.0,
        "volume": 375,
        "typical_volume": 1244.65,
        "trend": 2177.85933,
        "fair_value": 1940.556091,
        "relative_strength": -15.720465,
        "stage": 4,
        "regime": "downward_expansion",
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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."
    }
  }
}