{
  "ticker": {
    "uuid": "b7082a44-9b12-431b-88ec-420e97d242e0",
    "symbol": "ACLS",
    "name": "Axcelis Technologies, 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": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "rotation_down",
    "architecture_regime_label": "Rotation Down",
    "architecture_modifier": "Structural failure",
    "architecture_gate": "up",
    "architecture_direction": 21.959,
    "architecture_energy": 41.712,
    "architecture_maturity": 35.7,
    "architecture_confidence": 84.157,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating downward.",
        "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion."
      },
      "scores": {
        "balance": 32.92,
        "rotation_up": 33.82,
        "upward_expansion": 70.17,
        "deceleration": 88.33,
        "rotation_down": 30.67,
        "downward_expansion": 24.83
      },
      "activity_lines": [
        2957.333333,
        3074.03691,
        2827.50781,
        2519.968105
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.166667
    },
    "latest_close": 2272.0,
    "trend_reference": 2171.570996,
    "distance_from_trend": 0.046247,
    "trend_direction": "Improving",
    "fair_value": 1920.483391,
    "distance_from_fair_value": 0.183035,
    "fair_value_direction": "Weakening",
    "relative_strength": 15.890069,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.336471,
    "excess_performance": 0.391137,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.046247,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.291804,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.183035,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.205199,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.158901,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.423341,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.336471,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.0,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 10,
      "relative_activity": 1.904762,
      "balance": 0.0,
      "dry_up": 0.47619,
      "accumulation_observations": 0,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.06128,
      "annualized_volatility": 1.122351,
      "from_high_reference": -0.311515,
      "from_low_reference": 0.653434
    },
    "levels": {
      "trend_reference": 2171.570996,
      "fair_value_reference": 1920.483391,
      "structural_low": 1374.109985,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 6,
        "median_return": 0.014041,
        "positive_rate": 0.5,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.031934,
        "regime_survival": 0.166667,
        "best_return": 0.156463,
        "worst_return": -0.120941,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": -0.087964,
        "positive_rate": 0.25,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.105619,
        "regime_survival": 0.0,
        "best_return": 0.589484,
        "worst_return": -0.216091,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": -0.009303,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.042841,
        "regime_survival": 0.0,
        "best_return": 1.244898,
        "worst_return": -0.406911,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": -0.303139,
        "positive_rate": 0.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.304906,
        "regime_survival": 0.0,
        "best_return": -0.303139,
        "worst_return": -0.303139,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-08-23",
        "end": "2024-10-04",
        "tenure": "Developing",
        "return": -0.091803,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-10-11",
        "end": "2024-11-15",
        "tenure": "Developing",
        "return": -0.126658,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-22",
        "end": "2025-06-20",
        "tenure": "Extended",
        "return": -0.066996,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-06-27",
        "end": "2025-08-15",
        "tenure": "Developing",
        "return": 0.191635,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-08-22",
        "end": "2025-10-24",
        "tenure": "Developing",
        "return": 0.014678,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-10-31",
        "end": "2025-12-19",
        "tenure": "Developing",
        "return": 0.027044,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-12-26",
        "end": "2026-01-02",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-01-09",
        "end": "2026-01-16",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-01-23",
        "end": "2026-02-13",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-02-20",
        "end": "2026-03-06",
        "tenure": "New",
        "return": 0.034932,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-03-13",
        "end": "2026-05-01",
        "tenure": "Developing",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-05-08",
        "end": "2026-05-15",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-05-22",
        "end": "2026-07-31",
        "tenure": "Developing",
        "return": 0.245283,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-08-07",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.0,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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        "typical_volume": 94.35,
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        "modifier": "Re-accelerating",
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      },
      {
        "date": "2026-07-24",
        "close": 3300.0,
        "volume": 0,
        "typical_volume": 4.75,
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        "fair_value": 1923.028263,
        "relative_strength": 73.769379,
        "stage": 2,
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        "modifier": "Re-accelerating",
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        "energy": 68.343427,
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      },
      {
        "date": "2026-07-31",
        "close": 3300.0,
        "volume": 0,
        "typical_volume": 4.75,
        "trend": 2152.504329,
        "fair_value": 1925.050699,
        "relative_strength": 69.283613,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.731876,
        "energy": 67.452529,
        "activity_lines": [
          3300.0,
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      },
      {
        "date": "2026-08-07",
        "close": 2272.0,
        "volume": 10,
        "typical_volume": 5.25,
        "trend": 2171.570996,
        "fair_value": 1920.483391,
        "relative_strength": 15.890069,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "up",
        "direction": 21.958809,
        "energy": 41.712433,
        "activity_lines": [
          2957.333333,
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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."
    }
  }
}