{
  "ticker": {
    "uuid": "cb0134f8-26d4-4b7d-8276-35a9c726d95e",
    "symbol": "WTTR",
    "name": "Select Energy Services Inc",
    "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": 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": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 64.095,
    "architecture_energy": 44.218,
    "architecture_maturity": 96.054,
    "architecture_confidence": 82.019,
    "architecture_tenure": "Extended",
    "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": 20.21,
        "rotation_up": 55.05,
        "upward_expansion": 78.58,
        "deceleration": 64.32,
        "rotation_down": 21.43,
        "downward_expansion": 5.25
      },
      "activity_lines": [
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        17.698533
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 20.23,
    "trend_reference": 16.219965,
    "distance_from_trend": 0.247228,
    "trend_direction": "Improving",
    "fair_value": 10.810062,
    "distance_from_fair_value": 0.871405,
    "fair_value_direction": "Improving",
    "relative_strength": 33.907689,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.576,
    "excess_performance": 0.450375,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.247228,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.212354,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.871405,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.165742,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.339077,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.021314,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.576,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.963474,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 15673918,
      "relative_activity": 1.700176,
      "balance": 1.963474,
      "dry_up": 1.083867,
      "accumulation_observations": 4,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.101059,
      "annualized_volatility": 0.425307,
      "from_high_reference": -0.099778,
      "from_low_reference": 1.615193
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    "levels": {
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      "fair_value_reference": 10.810062,
      "structural_low": 12.12925,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 29,
        "median_return": 0.037266,
        "positive_rate": 0.586207,
        "directional_follow_through": 0.586207,
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        "best_return": 0.326965,
        "worst_return": -0.14772,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "worst_return": -0.295017,
        "sufficient": true
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        "horizon": "Extended",
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        "regime_survival": 0.333333,
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        "sufficient": true
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        "horizon": "Full cycle",
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      },
      {
        "date": "2026-07-17",
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      },
      {
        "date": "2026-07-24",
        "close": 20.100448,
        "volume": 9594834,
        "typical_volume": 8778365.65,
        "trend": 15.664354,
        "fair_value": 10.661845,
        "relative_strength": 42.526443,
        "stage": 2,
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        "modifier": "Established expansion",
        "gate": "up",
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        "energy": 51.711329,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-07-31",
        "close": 18.456138,
        "volume": 7428447,
        "typical_volume": 8799291.8,
        "trend": 15.913421,
        "fair_value": 10.72985,
        "relative_strength": 28.106299,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 58.016855,
        "energy": 43.234063,
        "activity_lines": [
          19.317159,
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 20.23,
        "volume": 15673918,
        "typical_volume": 9218996.7,
        "trend": 16.219965,
        "fair_value": 10.810062,
        "relative_strength": 33.907689,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.094803,
        "energy": 44.218431,
        "activity_lines": [
          19.665287,
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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."
    }
  }
}