{
  "ticker": {
    "uuid": "ad036d58-b1ac-495b-863f-76e4f3f18e3e",
    "symbol": "ADI",
    "name": "Analog Devices 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": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 94.728,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 8.917,
    "architecture_energy": 12.565,
    "architecture_maturity": 47.059,
    "architecture_confidence": 76.828,
    "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": 58.17,
        "rotation_up": 17.86,
        "upward_expansion": 40.41,
        "deceleration": 85.95,
        "rotation_down": 37.29,
        "downward_expansion": 34.41
      },
      "activity_lines": [
        378.749333,
        384.656,
        391.003335,
        380.254132
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.5
    },
    "latest_close": 389.93,
    "trend_reference": 363.278504,
    "distance_from_trend": 0.073364,
    "trend_direction": "Improving",
    "fair_value": 239.515256,
    "distance_from_fair_value": 0.627997,
    "fair_value_direction": "Weakening",
    "relative_strength": 9.34771,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.223942,
    "excess_performance": 0.036488,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.073364,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.13427,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.627997,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.248269,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.093477,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.181249,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.223942,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.684831,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 18098643,
      "relative_activity": 0.881177,
      "balance": 0.684831,
      "dry_up": 0.967999,
      "accumulation_observations": 3,
      "distribution_observations": 5
    },
    "risk": {
      "range_context": 0.089894,
      "annualized_volatility": 0.375774,
      "from_high_reference": -0.125541,
      "from_low_reference": 0.768584
    },
    "levels": {
      "trend_reference": 363.278504,
      "fair_value_reference": 239.515256,
      "structural_low": 299.780797,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 14,
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        "positive_rate": 0.571429,
        "directional_follow_through": 0.571429,
        "median_excess_return": -0.011657,
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        "best_return": 0.299668,
        "worst_return": -0.102107,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "positive_rate": 0.857143,
        "directional_follow_through": 0.857143,
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        "regime_survival": 0.285714,
        "best_return": 0.44023,
        "worst_return": -0.08737,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.09777,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.026718,
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        "worst_return": -0.075639,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
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        "worst_return": 0.078287,
        "sufficient": false
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    ],
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      },
      {
        "regime": "deceleration",
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      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "return": 0.100268,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "active": false
      },
      {
        "regime": "downward_expansion",
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      {
        "regime": "rotation_up",
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        "active": false
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
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        "typical_volume": 20625656.25,
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        "fair_value": 238.134284,
        "relative_strength": 8.930995,
        "stage": 2,
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        "modifier": "Recompressing",
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      },
      {
        "date": "2026-08-07",
        "close": 389.93,
        "volume": 18098643,
        "typical_volume": 20539159.0,
        "trend": 363.278504,
        "fair_value": 239.515256,
        "relative_strength": 9.34771,
        "stage": 2,
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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."
    }
  }
}