{
  "ticker": {
    "uuid": "ad5dd639-e6cf-4813-9749-59cd269f5ffd",
    "symbol": "LBRDA",
    "name": "Liberty Broadband Srs A",
    "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": 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": -43.856,
    "architecture_energy": 32.225,
    "architecture_maturity": 76.481,
    "architecture_confidence": 83.529,
    "architecture_tenure": "Established",
    "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": 28.47,
        "rotation_up": 27.69,
        "upward_expansion": 21.88,
        "deceleration": 44.26,
        "rotation_down": 35.16,
        "downward_expansion": 62.88
      },
      "activity_lines": [
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        33.563936,
        37.228832
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.5
    },
    "latest_close": 35.93,
    "trend_reference": 41.623268,
    "distance_from_trend": -0.136781,
    "trend_direction": "Weakening",
    "fair_value": 59.573367,
    "distance_from_fair_value": -0.396878,
    "fair_value_direction": "Improving",
    "relative_strength": -34.40067,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.330164,
    "excess_performance": -0.517618,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.136781,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.114832,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.396878,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.036646,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.344007,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.160872,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.330164,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.336166,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 982213,
      "relative_activity": 0.969788,
      "balance": 1.336166,
      "dry_up": 1.14234,
      "accumulation_observations": 4,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.11281,
      "annualized_volatility": 0.615489,
      "from_high_reference": -0.450612,
      "from_low_reference": 0.374522
    },
    "levels": {
      "trend_reference": 41.623268,
      "fair_value_reference": 59.573367,
      "structural_low": 26.14,
      "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": 34,
        "median_return": -0.004224,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.022505,
        "regime_survival": 0.882353,
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        "worst_return": -0.223297,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "worst_return": -0.361235,
        "sufficient": true
      },
      {
        "horizon": "Extended",
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        "directional_follow_through": 0.666667,
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        "worst_return": -0.351945,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
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        "modifier": "Upper balance after advance",
        "gate": "mixed",
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      {
        "date": "2026-04-24",
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        "date": "2026-05-08",
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      },
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        "date": "2026-05-22",
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      {
        "date": "2026-05-29",
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        "date": "2026-06-05",
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      },
      {
        "date": "2026-06-12",
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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        "fair_value": 61.022629,
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        "date": "2026-07-10",
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        "fair_value": 60.75953,
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        "stage": 4,
        "regime": "downward_expansion",
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        "energy": 53.629325,
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      },
      {
        "date": "2026-07-17",
        "close": 30.86,
        "volume": 1245016,
        "typical_volume": 995894.4,
        "trend": 43.178268,
        "fair_value": 60.465475,
        "relative_strength": -44.145751,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.338728,
        "energy": 49.877949,
        "activity_lines": [
          30.955612,
          31.316936,
          35.20367,
          39.09411
        ]
      },
      {
        "date": "2026-07-24",
        "close": 28.87,
        "volume": 1240690,
        "typical_volume": 1023122.0,
        "trend": 42.537601,
        "fair_value": 60.161246,
        "relative_strength": -45.825193,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -72.147799,
        "energy": 58.38273,
        "activity_lines": [
          30.330916,
          30.803217,
          34.162013,
          38.170996
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      },
      {
        "date": "2026-07-31",
        "close": 34.06,
        "volume": 1159984,
        "typical_volume": 1032235.2,
        "trend": 42.055935,
        "fair_value": 59.867546,
        "relative_strength": -35.494803,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -50.699822,
        "energy": 44.189252,
        "activity_lines": [
          31.455333,
          31.295594,
          33.734641,
          37.624054
        ]
      },
      {
        "date": "2026-08-07",
        "close": 35.93,
        "volume": 982213,
        "typical_volume": 1012812.05,
        "trend": 41.623268,
        "fair_value": 59.573367,
        "relative_strength": -34.40067,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -43.855983,
        "energy": 32.224858,
        "activity_lines": [
          32.992667,
          32.116526,
          33.563936,
          37.228832
        ]
      }
    ],
    "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."
    }
  }
}