{
  "ticker": {
    "uuid": "b891dd3d-8e16-4b6c-842d-3980734914ea",
    "symbol": "EBAY",
    "name": "eBay Inc.",
    "exchange": "VIE",
    "country": "AT",
    "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": "^ATX",
    "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": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 63.046,
    "architecture_energy": 43.105,
    "architecture_maturity": 61.376,
    "architecture_confidence": 61.939,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 22.31,
        "rotation_up": 44.98,
        "upward_expansion": 75.67,
        "deceleration": 68.23,
        "rotation_down": 28.53,
        "downward_expansion": 11.34
      },
      "activity_lines": [
        98.138666,
        97.740545,
        95.854338,
        92.139154
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 99.279999,
    "trend_reference": 87.167417,
    "distance_from_trend": 0.138958,
    "trend_direction": "Improving",
    "fair_value": 61.438691,
    "distance_from_fair_value": 0.61592,
    "fair_value_direction": "Improving",
    "relative_strength": -0.882219,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.38034,
    "excess_performance": 0.206094,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.138958,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.105908,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.61592,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.020157,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.008822,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.033839,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.38034,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.71206,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1894,
      "relative_activity": 3.455259,
      "balance": 2.71206,
      "dry_up": 1.765028,
      "accumulation_observations": 4,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.0482,
      "annualized_volatility": 0.292842,
      "from_high_reference": -0.038171,
      "from_low_reference": 0.496436
    },
    "levels": {
      "trend_reference": 87.167417,
      "fair_value_reference": 61.438691,
      "structural_low": 66.344302,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 26,
        "median_return": 0.02004,
        "positive_rate": 0.653846,
        "directional_follow_through": 0.653846,
        "median_excess_return": 0.007725,
        "regime_survival": 0.807692,
        "best_return": 0.206416,
        "worst_return": -0.112827,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
        "median_return": 0.090562,
        "positive_rate": 0.7,
        "directional_follow_through": 0.7,
        "median_excess_return": 0.047536,
        "regime_survival": 0.6,
        "best_return": 0.263303,
        "worst_return": -0.202452,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.060907,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.09033,
        "regime_survival": 0.6,
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        "worst_return": 0.004808,
        "sufficient": true
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      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "directional_follow_through": 0.666667,
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        "regime_survival": 0.333333,
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        "worst_return": -0.259228,
        "sufficient": false
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        "return": 0.0612,
        "active": false
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        "regime": "balance",
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        "regime": "upward_expansion",
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      {
        "regime": "deceleration",
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        "close": 86.086678,
        "volume": 586,
        "typical_volume": 552.95,
        "trend": 76.258424,
        "fair_value": 56.23495,
        "relative_strength": -0.575278,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.951386,
        "energy": 75.985916,
        "activity_lines": [
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      },
      {
        "date": "2026-05-08",
        "close": 90.26342,
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        "typical_volume": 626.8,
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        "gate": "up",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 672.95,
        "trend": 77.399381,
        "fair_value": 56.952721,
        "relative_strength": 11.84673,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 91.130347,
        "energy": 91.423354,
        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "volume": 326,
        "typical_volume": 669.6,
        "trend": 78.00611,
        "fair_value": 57.354247,
        "relative_strength": 12.172576,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 91.022216,
        "energy": 95.256549,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
        "close": 94.559998,
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        "typical_volume": 627.6,
        "trend": 78.819753,
        "fair_value": 57.712592,
        "relative_strength": 1.92372,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.734343,
        "energy": 86.746048,
        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
        "close": 95.089996,
        "volume": 0,
        "typical_volume": 615.6,
        "trend": 79.629307,
        "fair_value": 58.064325,
        "relative_strength": 3.537643,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.396207,
        "energy": 85.9312,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "volume": 70,
        "typical_volume": 611.5,
        "trend": 80.344869,
        "fair_value": 58.410982,
        "relative_strength": -1.322055,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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        "volume": 0,
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        "relative_strength": -4.073019,
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        "energy": 53.59457,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
        "close": 95.18,
        "volume": 651,
        "typical_volume": 547.95,
        "trend": 81.988139,
        "fair_value": 59.137863,
        "relative_strength": -1.506924,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 51.921734,
        "energy": 47.44042,
        "activity_lines": [
          94.508,
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          86.598933
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      },
      {
        "date": "2026-07-03",
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        "volume": 0,
        "typical_volume": 513.95,
        "trend": 82.966267,
        "fair_value": 59.531695,
        "relative_strength": 0.483781,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 74.764832,
        "energy": 57.055732,
        "activity_lines": [
          96.22,
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          91.64365,
          87.735827
        ]
      },
      {
        "date": "2026-07-10",
        "close": 102.18,
        "volume": 1395,
        "typical_volume": 469.65,
        "trend": 83.98174,
        "fair_value": 59.937707,
        "relative_strength": 4.180505,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 79.40584,
        "energy": 64.533137,
        "activity_lines": [
          98.452,
          97.154097,
          93.063889,
          88.975423
        ]
      },
      {
        "date": "2026-07-17",
        "close": 96.510002,
        "volume": 873,
        "typical_volume": 486.1,
        "trend": 84.79994,
        "fair_value": 60.289985,
        "relative_strength": 0.191536,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 62.035778,
        "energy": 56.632278,
        "activity_lines": [
          98.321334,
          97.174827,
          93.809934,
          89.783698
        ]
      },
      {
        "date": "2026-07-24",
        "close": 95.919998,
        "volume": 895,
        "typical_volume": 494.0,
        "trend": 85.634217,
        "fair_value": 60.656111,
        "relative_strength": -1.782026,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 60.499069,
        "energy": 51.916948,
        "activity_lines": [
          97.772,
          96.974708,
          94.396614,
          90.501121
        ]
      },
      {
        "date": "2026-07-31",
        "close": 98.18,
        "volume": 208,
        "typical_volume": 473.9,
        "trend": 86.436265,
        "fair_value": 61.047337,
        "relative_strength": 0.75748,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 60.627295,
        "energy": 46.322837,
        "activity_lines": [
          97.872,
          97.230909,
          95.118194,
          91.310526
        ]
      },
      {
        "date": "2026-08-07",
        "close": 99.279999,
        "volume": 1894,
        "typical_volume": 548.15,
        "trend": 87.167417,
        "fair_value": 61.438691,
        "relative_strength": -0.882219,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.046457,
        "energy": 43.104985,
        "activity_lines": [
          98.138666,
          97.740545,
          95.854338,
          92.139154
        ]
      }
    ],
    "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."
    }
  }
}