{
  "ticker": {
    "uuid": "b5b9632e-c666-4e87-90c5-d4e40d0431b7",
    "symbol": "NFLX",
    "name": "Netflix, 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": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -65.482,
    "architecture_energy": 78.84,
    "architecture_maturity": 34.481,
    "architecture_confidence": 90.686,
    "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": 11.34,
        "rotation_up": 19.74,
        "upward_expansion": 19.07,
        "deceleration": 39.26,
        "rotation_down": 64.08,
        "downward_expansion": 92.4
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      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": -0.666667
    },
    "latest_close": 1270.569946,
    "trend_reference": 1485.537329,
    "distance_from_trend": -0.144707,
    "trend_direction": "Weakening",
    "fair_value": 1513.91301,
    "distance_from_fair_value": -0.160738,
    "fair_value_direction": "Weakening",
    "relative_strength": -28.203849,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.102204,
    "excess_performance": -0.047537,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.144707,
        "read": "Below"
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      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.102096,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.160738,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.190318,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.282038,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.033901,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.102204,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.508534,
        "read": "Demand-led"
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    ],
    "volume": {
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      "balance": 1.508534,
      "dry_up": 1.340401,
      "accumulation_observations": 3,
      "distribution_observations": 2
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    "risk": {
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      "annualized_volatility": 0.417935,
      "from_high_reference": -0.460983,
      "from_low_reference": 0.104843
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    "levels": {
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      "fair_value_reference": 1513.91301,
      "structural_low": 1150.0,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
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    "outcomes": [
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        "directional_follow_through": 0.6875,
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        "horizon": "Intermediate",
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        "horizon": "Extended",
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        "horizon": "Full cycle",
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      },
      {
        "date": "2026-07-24",
        "close": 1228.48999,
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      },
      {
        "date": "2026-07-31",
        "close": 1241.5,
        "volume": 115687,
        "typical_volume": 75452.45,
        "trend": 1496.773332,
        "fair_value": 1510.372178,
        "relative_strength": -30.843235,
        "stage": 4,
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        "modifier": "Established contraction",
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        "energy": 81.787595,
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      },
      {
        "date": "2026-08-07",
        "close": 1270.569946,
        "volume": 116255,
        "typical_volume": 79665.9,
        "trend": 1485.537329,
        "fair_value": 1513.91301,
        "relative_strength": -28.203849,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
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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."
    }
  }
}