{
  "ticker": {
    "uuid": "b944ec4a-497b-431d-8322-c0935fb70b3a",
    "symbol": "ROP",
    "name": "Roper Technologies Inc",
    "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": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 96.0,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Emerging rotation",
    "architecture_gate": "mixed",
    "architecture_direction": 53.739,
    "architecture_energy": 68.337,
    "architecture_maturity": 14.751,
    "architecture_confidence": 59.209,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating upward.",
        "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair."
      },
      "scores": {
        "balance": 18.85,
        "rotation_up": 77.82,
        "upward_expansion": 66.27,
        "deceleration": 18.16,
        "rotation_down": 16.45,
        "downward_expansion": 22.27
      },
      "activity_lines": [
        384.222,
        369.4589,
        355.729288,
        353.248198
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 402.25,
    "trend_reference": 354.598104,
    "distance_from_trend": 0.134383,
    "trend_direction": "Weakening",
    "fair_value": 493.072522,
    "distance_from_fair_value": -0.184197,
    "fair_value_direction": "Improving",
    "relative_strength": -14.157139,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.112704,
    "excess_performance": -0.074749,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.134383,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.074014,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.184197,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.132644,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.141571,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.241451,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.112704,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.072341,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 3704747,
      "relative_activity": 0.68858,
      "balance": 2.072341,
      "dry_up": 0.806674,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.063018,
      "annualized_volatility": 0.312719,
      "from_high_reference": -0.257207,
      "from_low_reference": 0.314714
    },
    "levels": {
      "trend_reference": 354.598104,
      "fair_value_reference": 493.072522,
      "structural_low": 305.96,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 3,
        "median_return": -0.014368,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.05154,
        "regime_survival": 0.0,
        "best_return": -0.007479,
        "worst_return": -0.066853,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": -0.016685,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.005861,
        "regime_survival": 0.0,
        "best_return": 0.017761,
        "worst_return": -0.141819,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": -0.073849,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.149432,
        "regime_survival": 0.0,
        "best_return": 0.034317,
        "worst_return": -0.209965,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.237974,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.274288,
        "regime_survival": 0.0,
        "best_return": -0.040085,
        "worst_return": -0.435863,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-04-05",
        "end": "2024-04-12",
        "tenure": "New",
        "return": -0.013223,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-04-19",
        "end": "2024-05-03",
        "tenure": "New",
        "return": -0.032131,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-05-10",
        "end": "2024-05-24",
        "tenure": "New",
        "return": 0.04042,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-05-31",
        "end": "2024-06-28",
        "tenure": "Developing",
        "return": 0.058,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-07-05",
        "end": "2024-08-02",
        "tenure": "Developing",
        "return": -0.045876,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-08-09",
        "end": "2024-12-27",
        "tenure": "Established",
        "return": -0.004074,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-03",
        "end": "2025-02-07",
        "tenure": "Developing",
        "return": 0.112933,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-02-14",
        "end": "2025-02-21",
        "tenure": "New",
        "return": 0.000819,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-04-04",
        "tenure": "Developing",
        "return": -0.071642,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-04-11",
        "end": "2025-05-16",
        "tenure": "Developing",
        "return": 0.04056,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-08-08",
        "tenure": "Developing",
        "return": -0.056204,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-08-15",
        "end": "2026-07-10",
        "tenure": "Extended",
        "return": -0.323812,
        "active": false
      },
      {
        "regime": "balance",
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        "color": "blue",
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        "end": "2026-07-24",
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        "return": 0.011566,
        "active": false
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      {
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        "return": 0.026226,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2026-04-17",
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      {
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      },
      {
        "date": "2026-07-17",
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        "stage": 4,
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        "modifier": "Balance after decline",
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          355.560357,
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      },
      {
        "date": "2026-07-24",
        "close": 367.34,
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        "typical_volume": 5657128.6,
        "trend": 357.02941,
        "fair_value": 494.126385,
        "relative_strength": -19.030645,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 24.310019,
        "energy": 29.698583,
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      },
      {
        "date": "2026-07-31",
        "close": 391.97,
        "volume": 5203673,
        "typical_volume": 5580917.2,
        "trend": 355.646913,
        "fair_value": 493.574061,
        "relative_strength": -13.048738,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 49.603203,
        "energy": 56.607723,
        "activity_lines": [
          372.913234,
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      },
      {
        "date": "2026-08-07",
        "close": 402.25,
        "volume": 3704747,
        "typical_volume": 5380269.4,
        "trend": 354.598104,
        "fair_value": 493.072522,
        "relative_strength": -14.157139,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 53.738933,
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        "activity_lines": [
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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."
    }
  }
}