{
  "ticker": {
    "uuid": "b84c69c6-909b-45c2-85cc-316fb2dbc8a9",
    "symbol": "PHG",
    "name": "Koninklijke Philips NV ADR",
    "exchange": "NYSE",
    "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": "SPY",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 53.339,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Upper balance after advance",
    "architecture_gate": "down",
    "architecture_direction": -30.392,
    "architecture_energy": 17.75,
    "architecture_maturity": 41.828,
    "architecture_confidence": 65.538,
    "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": 50.98,
        "rotation_up": 17.21,
        "upward_expansion": 11.51,
        "deceleration": 56.56,
        "rotation_down": 45.32,
        "downward_expansion": 63.51
      },
      "activity_lines": [
        26.577333,
        26.779636,
        26.661054,
        26.794027
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.0
    },
    "latest_close": 26.73,
    "trend_reference": 27.171315,
    "distance_from_trend": -0.016242,
    "trend_direction": "Improving",
    "fair_value": 24.257376,
    "distance_from_fair_value": 0.101933,
    "fair_value_direction": "Weakening",
    "relative_strength": -11.823799,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.056806,
    "excess_performance": -0.18243,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.016242,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.002333,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.101933,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.005086,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.118238,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.00982,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.056806,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.395389,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 4623336,
      "relative_activity": 0.809962,
      "balance": 1.395389,
      "dry_up": 1.211374,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.05261,
      "annualized_volatility": 0.291639,
      "from_high_reference": -0.168939,
      "from_low_reference": 0.120755
    },
    "levels": {
      "trend_reference": 27.171315,
      "fair_value_reference": 24.257376,
      "structural_low": 23.85,
      "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": 9,
        "median_return": 0.006348,
        "positive_rate": 0.555556,
        "directional_follow_through": 0.555556,
        "median_excess_return": 0.000914,
        "regime_survival": 0.444444,
        "best_return": 0.164601,
        "worst_return": -0.279294,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": 0.043952,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": 0.053606,
        "regime_survival": 0.2,
        "best_return": 0.17001,
        "worst_return": -0.293154,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.024946,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.181344,
        "regime_survival": 0.5,
        "best_return": 0.202439,
        "worst_return": -0.467283,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.138829,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.058637,
        "regime_survival": 0.333333,
        "best_return": 0.641926,
        "worst_return": -0.671098,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-05-17",
        "end": "2024-06-21",
        "tenure": "Developing",
        "return": -0.06183,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-06-28",
        "end": "2024-08-02",
        "tenure": "Developing",
        "return": 0.130159,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-08-09",
        "end": "2024-10-25",
        "tenure": "Developing",
        "return": 0.100799,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-11-01",
        "end": "2025-01-03",
        "tenure": "Developing",
        "return": -0.050208,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-10",
        "end": "2025-07-11",
        "tenure": "Extended",
        "return": -0.035279,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-07-18",
        "end": "2025-07-25",
        "tenure": "New",
        "return": 0.063415,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-08-01",
        "end": "2025-08-22",
        "tenure": "New",
        "return": 0.071051,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-08-29",
        "end": "2025-10-10",
        "tenure": "Developing",
        "return": -0.009065,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-10-24",
        "tenure": "New",
        "return": 0.01087,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-10-31",
        "end": "2025-12-05",
        "tenure": "Developing",
        "return": -0.009883,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-12-12",
        "end": "2026-01-16",
        "tenure": "Developing",
        "return": 0.111195,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2026-03-27",
        "tenure": "Developing",
        "return": -0.089116,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "end": "2026-04-17",
        "tenure": "New",
        "return": 0.095537,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2026-08-07",
        "tenure": "Established",
        "return": 0.011522,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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      },
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 5264352.55,
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        "stage": 3,
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          27.236667,
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      },
      {
        "date": "2026-07-24",
        "close": 26.17,
        "volume": 4075183,
        "typical_volume": 5226935.55,
        "trend": 27.220183,
        "fair_value": 24.16075,
        "relative_strength": -10.214814,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -20.677321,
        "energy": 12.358333,
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          26.895333,
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      },
      {
        "date": "2026-07-31",
        "close": 26.3,
        "volume": 14113510,
        "typical_volume": 5714326.75,
        "trend": 27.228825,
        "fair_value": 24.206555,
        "relative_strength": -10.477118,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -33.047651,
        "energy": 15.618318,
        "activity_lines": [
          26.638,
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 26.73,
        "volume": 4623336,
        "typical_volume": 5708092.8,
        "trend": 27.171315,
        "fair_value": 24.257376,
        "relative_strength": -11.823799,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -30.39236,
        "energy": 17.74996,
        "activity_lines": [
          26.577333,
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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."
    }
  }
}