{
  "ticker": {
    "uuid": "af5913fa-d9a5-4351-812e-011a2e23a938",
    "symbol": "IRDM",
    "name": "Iridium Communications 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": "2c",
    "phase_label": "Stage 2C \u00b7 Late advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 60.625,
    "architecture_energy": 36.454,
    "architecture_maturity": 58.638,
    "architecture_confidence": 91.076,
    "architecture_tenure": "New",
    "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": 22.35,
        "rotation_up": 39.38,
        "upward_expansion": 67.12,
        "deceleration": 90.44,
        "rotation_down": 28.53,
        "downward_expansion": 14.12
      },
      "activity_lines": [
        47.984667,
        47.941678,
        46.498137,
        42.545999
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 49.93,
    "trend_reference": 36.558851,
    "distance_from_trend": 0.365743,
    "trend_direction": "Improving",
    "fair_value": 29.638367,
    "distance_from_fair_value": 0.684641,
    "fair_value_direction": "Improving",
    "relative_strength": 54.444417,
    "relative_strength_direction": "Improving",
    "price_momentum": 1.519785,
    "excess_performance": 1.332331,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.365743,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.384985,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.684641,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.320621,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.544444,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.108923,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 1.519785,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.863197,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 5080413,
      "relative_activity": 0.428881,
      "balance": 0.863197,
      "dry_up": 0.601863,
      "accumulation_observations": 1,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.116108,
      "annualized_volatility": 0.596384,
      "from_high_reference": -0.126793,
      "from_low_reference": 2.248655
    },
    "levels": {
      "trend_reference": 36.558851,
      "fair_value_reference": 29.638367,
      "structural_low": 18.269601,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 3,
        "median_return": 0.024867,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.019788,
        "regime_survival": 0.333333,
        "best_return": 0.037269,
        "worst_return": -0.013814,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": -0.060791,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.107783,
        "regime_survival": 0.0,
        "best_return": 0.005206,
        "worst_return": -0.126788,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": -0.169808,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.165573,
        "regime_survival": 0.0,
        "best_return": -0.077701,
        "worst_return": -0.261915,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.199995,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.266754,
        "regime_survival": 0.0,
        "best_return": 0.172176,
        "worst_return": -0.572166,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-06-14",
        "end": "2024-09-13",
        "tenure": "Established",
        "return": 0.024953,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-09-20",
        "end": "2024-10-04",
        "tenure": "New",
        "return": 0.024983,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-01-03",
        "tenure": "Established",
        "return": 0.022995,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-01-10",
        "end": "2025-02-28",
        "tenure": "Developing",
        "return": 0.1148,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-03-14",
        "tenure": "New",
        "return": -0.099837,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-04-04",
        "tenure": "New",
        "return": -0.110669,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2025-06-13",
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        "return": 0.185826,
        "active": false
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      {
        "regime": "balance",
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        "active": false
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-08-08",
        "tenure": "Developing",
        "return": -0.251258,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2025-08-22",
        "tenure": "New",
        "return": -0.0012,
        "active": false
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      {
        "regime": "downward_expansion",
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      {
        "regime": "rotation_up",
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      {
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      {
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        "return": 0.0,
        "active": true
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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": 12368925.7,
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 12228581.75,
        "trend": 34.541756,
        "fair_value": 29.621175,
        "relative_strength": 53.239158,
        "stage": 2,
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        "energy": 45.888416,
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      },
      {
        "date": "2026-07-31",
        "close": 47.34,
        "volume": 7945388,
        "typical_volume": 12204943.1,
        "trend": 35.533227,
        "fair_value": 29.625086,
        "relative_strength": 55.802728,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 52.791602,
        "energy": 36.529298,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 49.93,
        "volume": 5080413,
        "typical_volume": 11845747.8,
        "trend": 36.558851,
        "fair_value": 29.638367,
        "relative_strength": 54.444417,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 60.62516,
        "energy": 36.453837,
        "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."
    }
  }
}