{
  "ticker": {
    "uuid": "c4168881-d314-4aaa-a48a-1a0e73dedf3a",
    "symbol": "EVER",
    "name": "EverQuote Inc Class A",
    "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": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 79.868,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 65.385,
    "architecture_energy": 63.895,
    "architecture_maturity": 24.0,
    "architecture_confidence": 88.788,
    "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": 16.39,
        "rotation_up": 64.27,
        "upward_expansion": 86.19,
        "deceleration": 50.88,
        "rotation_down": 16.73,
        "downward_expansion": 12.86
      },
      "activity_lines": [
        25.446667,
        24.606545,
        22.216095,
        20.680495
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 25.71,
    "trend_reference": 19.544333,
    "distance_from_trend": 0.315471,
    "trend_direction": "Weakening",
    "fair_value": 19.496955,
    "distance_from_fair_value": 0.318667,
    "fair_value_direction": "Improving",
    "relative_strength": 4.240738,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.421227,
    "excess_performance": 0.233774,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.315471,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.044661,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.318667,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.195593,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.042407,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.273294,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.421227,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.180979,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 5082806,
      "relative_activity": 1.260446,
      "balance": 3.180979,
      "dry_up": 0.970714,
      "accumulation_observations": 2,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.112572,
      "annualized_volatility": 0.704953,
      "from_high_reference": -0.105113,
      "from_low_reference": 0.852305
    },
    "levels": {
      "trend_reference": 19.544333,
      "fair_value_reference": 19.496955,
      "structural_low": 13.88,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 15,
        "median_return": 0.019967,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": 0.044354,
        "regime_survival": 0.666667,
        "best_return": 0.319195,
        "worst_return": -0.223276,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": -0.158481,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.428571,
        "median_excess_return": -0.255725,
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        "best_return": 0.523854,
        "worst_return": -0.428252,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": -0.196735,
        "positive_rate": 0.2,
        "directional_follow_through": 0.2,
        "median_excess_return": -0.361478,
        "regime_survival": 0.2,
        "best_return": 1.234799,
        "worst_return": -0.57956,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.187581,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.682268,
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        "best_return": 0.394108,
        "worst_return": -0.465691,
        "sufficient": false
      }
    ],
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        "regime": "balance",
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        "regime": "rotation_up",
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      {
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      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "tenure": "Established",
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        "regime": "downward_expansion",
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        "regime": "rotation_down",
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        "active": false
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      },
      {
        "date": "2026-05-01",
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      },
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      },
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        "date": "2026-05-15",
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      },
      {
        "date": "2026-05-22",
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      },
      {
        "date": "2026-05-29",
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      },
      {
        "date": "2026-06-05",
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      },
      {
        "date": "2026-06-12",
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      },
      {
        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "gate": "mixed",
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        "energy": 49.771472,
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 4287453.4,
        "trend": 19.629333,
        "fair_value": 19.012885,
        "relative_strength": -1.263362,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 49.256888,
        "energy": 69.125063,
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      },
      {
        "date": "2026-07-17",
        "close": 26.16,
        "volume": 3130878,
        "typical_volume": 4039718.95,
        "trend": 19.607,
        "fair_value": 19.135417,
        "relative_strength": 8.944917,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 51.321473,
        "energy": 74.291205,
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          24.750667,
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          20.460714,
          19.566559
        ]
      },
      {
        "date": "2026-07-24",
        "close": 25.04,
        "volume": 3610990,
        "typical_volume": 3983167.55,
        "trend": 19.552,
        "fair_value": 19.251955,
        "relative_strength": 6.504067,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 65.472727,
        "energy": 76.69597,
        "activity_lines": [
          25.15,
          23.522545,
          21.058714,
          19.917075
        ]
      },
      {
        "date": "2026-07-31",
        "close": 25.22,
        "volume": 3833121,
        "typical_volume": 3974761.4,
        "trend": 19.545,
        "fair_value": 19.370353,
        "relative_strength": 7.103865,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.910113,
        "energy": 64.539246,
        "activity_lines": [
          25.284,
          24.077636,
          21.634857,
          20.282753
        ]
      },
      {
        "date": "2026-08-07",
        "close": 25.71,
        "volume": 5082806,
        "typical_volume": 4032545.3,
        "trend": 19.544333,
        "fair_value": 19.496955,
        "relative_strength": 4.240738,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.385318,
        "energy": 63.894778,
        "activity_lines": [
          25.446667,
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          22.216095,
          20.680495
        ]
      }
    ],
    "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."
    }
  }
}