{
  "ticker": {
    "uuid": "b2591259-7af9-44ef-8a99-cf90c2b88d2e",
    "symbol": "EDTK",
    "name": "Skillful Craftsman Education Tech",
    "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": "4c",
    "phase_label": "Stage 4C \u00b7 Repair watch",
    "transition": "stage_4_to_1_watch",
    "transition_label": "Stage 4 \u2192 1 repair watch",
    "confidence": 59.713,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Upper balance after advance",
    "architecture_gate": "mixed",
    "architecture_direction": -10.019,
    "architecture_energy": 10.246,
    "architecture_maturity": 32.066,
    "architecture_confidence": 38.763,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 45.78,
        "rotation_up": 30.23,
        "upward_expansion": 12.13,
        "deceleration": 48.46,
        "rotation_down": 41.46,
        "downward_expansion": 46.8
      },
      "activity_lines": [
        0.962633,
        0.966125,
        0.976882,
        0.977303
      ],
      "activity_state": "Compressed",
      "activity_direction": "Stable",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.333333
    },
    "latest_close": 0.9999,
    "trend_reference": 0.974727,
    "distance_from_trend": 0.025826,
    "trend_direction": "Weakening",
    "fair_value": 1.00413,
    "distance_from_fair_value": -0.004213,
    "fair_value_direction": "Improving",
    "relative_strength": -12.758288,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.052526,
    "excess_performance": -0.134927,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.025826,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.00155,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.004213,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.034453,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.127583,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.032056,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.052526,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 4.290959,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 194865,
      "relative_activity": 10.605042,
      "balance": 4.290959,
      "dry_up": 3.113893,
      "accumulation_observations": 2,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.089001,
      "annualized_volatility": 0.269313,
      "from_high_reference": -0.152627,
      "from_low_reference": 0.249875
    },
    "levels": {
      "trend_reference": 0.974727,
      "fair_value_reference": 1.00413,
      "structural_low": 0.8,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 25,
        "median_return": -0.017,
        "positive_rate": 0.24,
        "directional_follow_through": 0.24,
        "median_excess_return": -0.069648,
        "regime_survival": 0.68,
        "best_return": 0.76397,
        "worst_return": -0.140127,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 9,
        "median_return": -0.056075,
        "positive_rate": 0.222222,
        "directional_follow_through": 0.222222,
        "median_excess_return": -0.198189,
        "regime_survival": 0.444444,
        "best_return": 0.75,
        "worst_return": -0.257812,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": -0.162991,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.238332,
        "regime_survival": 0.0,
        "best_return": 0.68,
        "worst_return": -0.404762,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": 0.050917,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.20585,
        "regime_survival": 0.75,
        "best_return": 0.377778,
        "worst_return": -0.4525,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-11-22",
        "end": "2024-11-22",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-29",
        "end": "2024-12-27",
        "tenure": "Developing",
        "return": 0.04,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-01-03",
        "end": "2025-01-17",
        "tenure": "New",
        "return": 0.028037,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-01-24",
        "end": "2025-01-31",
        "tenure": "New",
        "return": -0.057596,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-02-07",
        "end": "2025-05-16",
        "tenure": "Established",
        "return": -0.082483,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-05-23",
        "end": "2025-08-15",
        "tenure": "Established",
        "return": 0.135647,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-08-22",
        "end": "2025-09-12",
        "tenure": "New",
        "return": 0.075343,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-09-19",
        "end": "2025-10-24",
        "tenure": "Developing",
        "return": 0.019048,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-10-31",
        "end": "2025-12-12",
        "tenure": "Developing",
        "return": -0.142857,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-12-19",
        "end": "2026-01-23",
        "tenure": "Developing",
        "return": 0.084553,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-01-30",
        "end": "2026-03-20",
        "tenure": "Developing",
        "return": 0.009804,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-03-27",
        "end": "2026-04-03",
        "tenure": "New",
        "return": 0.009901,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2026-04-24",
        "tenure": "New",
        "return": -0.0001,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-05-01",
        "end": "2026-08-07",
        "tenure": "Established",
        "return": -0.01,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
        "close": 1.1604,
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        "typical_volume": 211304.0,
        "trend": 1.581513,
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      },
      {
        "date": "2023-08-25",
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      },
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        ]
      },
      {
        "date": "2026-05-01",
        "close": 1.01,
        "volume": 3580,
        "typical_volume": 34303.55,
        "trend": 0.98324,
        "fair_value": 1.045862,
        "relative_strength": -11.056608,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 20.902114,
        "energy": 13.746014,
        "activity_lines": [
          1.00468,
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          0.976008,
          0.9739
        ]
      },
      {
        "date": "2026-05-08",
        "close": 1.0,
        "volume": 6339,
        "typical_volume": 34193.2,
        "trend": 0.981573,
        "fair_value": 1.040221,
        "relative_strength": -15.963928,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 8.962379,
        "energy": 8.945432,
        "activity_lines": [
          1.002673,
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        ]
      },
      {
        "date": "2026-05-15",
        "close": 1.0,
        "volume": 5641,
        "typical_volume": 28228.3,
        "trend": 0.98024,
        "fair_value": 1.034901,
        "relative_strength": -15.380092,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 7.249588,
        "energy": 8.15686,
        "activity_lines": [
          1.002,
          1.004736,
          0.982938,
          0.97617
        ]
      },
      {
        "date": "2026-05-22",
        "close": 1.0,
        "volume": 4465,
        "typical_volume": 27589.1,
        "trend": 0.977907,
        "fair_value": 1.031375,
        "relative_strength": -15.929215,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 6.509295,
        "energy": 7.179295,
        "activity_lines": [
          1.001333,
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          0.977445
        ]
      },
      {
        "date": "2026-05-29",
        "close": 1.0,
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        "typical_volume": 16592.2,
        "trend": 0.97624,
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        "relative_strength": -17.875612,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 32.422166,
        "energy": 14.830717,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-06-05",
        "close": 0.9799,
        "volume": 6704,
        "typical_volume": 12424.25,
        "trend": 0.973903,
        "fair_value": 1.024067,
        "relative_strength": -15.309991,
        "stage": 4,
        "regime": "balance",
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        "gate": "up",
        "direction": 30.674087,
        "energy": 12.882981,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
        "close": 0.975,
        "volume": 13104,
        "typical_volume": 11985.6,
        "trend": 0.971737,
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        "relative_strength": -17.079405,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
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      },
      {
        "date": "2026-06-19",
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        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 8.750836,
        "energy": 7.997133,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
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        "volume": 18819,
        "typical_volume": 11707.25,
        "trend": 0.96857,
        "fair_value": 1.016439,
        "relative_strength": -14.093243,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 12.906017,
        "energy": 9.453121,
        "activity_lines": [
          0.97652,
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          0.979379
        ]
      },
      {
        "date": "2026-07-03",
        "close": 0.992,
        "volume": 15006,
        "typical_volume": 11556.7,
        "trend": 0.96797,
        "fair_value": 1.014593,
        "relative_strength": -13.817161,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 15.778347,
        "energy": 8.915228,
        "activity_lines": [
          0.980527,
          0.985044,
          0.989524,
          0.980891
        ]
      },
      {
        "date": "2026-07-10",
        "close": 0.972,
        "volume": 5630,
        "typical_volume": 11478.75,
        "trend": 0.97037,
        "fair_value": 1.013003,
        "relative_strength": -16.67588,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 11.175911,
        "energy": 6.866348,
        "activity_lines": [
          0.9784,
          0.981736,
          0.988888,
          0.981151
        ]
      },
      {
        "date": "2026-07-17",
        "close": 0.942,
        "volume": 13072,
        "typical_volume": 11767.5,
        "trend": 0.970113,
        "fair_value": 1.011028,
        "relative_strength": -15.521445,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -16.791623,
        "energy": 16.317017,
        "activity_lines": [
          0.9668,
          0.973665,
          0.984868,
          0.97932
        ]
      },
      {
        "date": "2026-07-24",
        "close": 0.952,
        "volume": 10797,
        "typical_volume": 11328.55,
        "trend": 0.971997,
        "fair_value": 1.008477,
        "relative_strength": -12.878834,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -12.563326,
        "energy": 17.196224,
        "activity_lines": [
          0.960733,
          0.968467,
          0.981453,
          0.978152
        ]
      },
      {
        "date": "2026-07-31",
        "close": 0.932,
        "volume": 10134,
        "typical_volume": 9561.9,
        "trend": 0.973063,
        "fair_value": 1.005605,
        "relative_strength": -14.910791,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -17.999181,
        "energy": 26.751388,
        "activity_lines": [
          0.948667,
          0.960505,
          0.975749,
          0.975571
        ]
      },
      {
        "date": "2026-08-07",
        "close": 0.9999,
        "volume": 194865,
        "typical_volume": 18374.75,
        "trend": 0.974727,
        "fair_value": 1.00413,
        "relative_strength": -12.758288,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -10.018702,
        "energy": 10.245552,
        "activity_lines": [
          0.962633,
          0.966125,
          0.976882,
          0.977303
        ]
      }
    ],
    "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."
    }
  }
}