{
  "ticker": {
    "uuid": "cb25afc7-579b-47d7-b2ae-4bbaa140b287",
    "symbol": "UAL",
    "name": "United Airlines Holdings, Inc.",
    "exchange": "MEX",
    "country": "MX",
    "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": "^MXX",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 53.007,
    "architecture_energy": 33.745,
    "architecture_maturity": 74.492,
    "architecture_confidence": 88.19,
    "architecture_tenure": "Developing",
    "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": 32.77,
        "rotation_up": 37.03,
        "upward_expansion": 67.17,
        "deceleration": 85.34,
        "rotation_down": 26.95,
        "downward_expansion": 17.17
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      "activity_lines": [
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 2220.0,
    "trend_reference": 1883.359001,
    "distance_from_trend": 0.178745,
    "trend_direction": "Improving",
    "fair_value": 1416.44827,
    "distance_from_fair_value": 0.5673,
    "fair_value_direction": "Improving",
    "relative_strength": 14.798641,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.174603,
    "excess_performance": 0.22927,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.178745,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.037468,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.5673,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.228855,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.147986,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.245614,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.174603,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 5.720832,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 2106,
      "relative_activity": 0.858716,
      "balance": 5.720832,
      "dry_up": 0.848726,
      "accumulation_observations": 3,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.07699,
      "annualized_volatility": 0.525298,
      "from_high_reference": -0.075,
      "from_low_reference": 0.441558
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    "levels": {
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      "fair_value_reference": 1416.44827,
      "structural_low": 1540.0,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 18,
        "median_return": -0.006871,
        "positive_rate": 0.388889,
        "directional_follow_through": 0.388889,
        "median_excess_return": -0.011831,
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        "worst_return": -0.216518,
        "sufficient": true
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        "horizon": "Intermediate",
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        "horizon": "Extended",
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        "date": "2026-04-10",
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      },
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        "date": "2026-05-08",
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      },
      {
        "date": "2026-05-22",
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        "date": "2026-06-05",
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        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "relative_strength": 25.55537,
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "relative_strength": 19.210443,
        "stage": 2,
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        "modifier": "Early expansion",
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        "energy": 87.292695,
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      },
      {
        "date": "2026-07-17",
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        "volume": 1441,
        "typical_volume": 2305.35,
        "trend": 1874.659001,
        "fair_value": 1392.600194,
        "relative_strength": 7.141092,
        "stage": 2,
        "regime": "upward_expansion",
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        "direction": 66.425785,
        "energy": 78.909472,
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          1902.471655
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      },
      {
        "date": "2026-07-24",
        "close": 2070.0,
        "volume": 2626,
        "typical_volume": 2349.8,
        "trend": 1874.325667,
        "fair_value": 1400.087373,
        "relative_strength": 8.512049,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 61.942244,
        "energy": 51.070074,
        "activity_lines": [
          2160.2,
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          1982.376236,
          1915.074301
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      },
      {
        "date": "2026-07-31",
        "close": 2121.0,
        "volume": 2153,
        "typical_volume": 2389.8,
        "trend": 1878.359001,
        "fair_value": 1407.973911,
        "relative_strength": 10.003166,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 46.957397,
        "energy": 35.848011,
        "activity_lines": [
          2126.533333,
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      },
      {
        "date": "2026-08-07",
        "close": 2220.0,
        "volume": 2106,
        "typical_volume": 2452.5,
        "trend": 1883.359001,
        "fair_value": 1416.44827,
        "relative_strength": 14.798641,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 53.007476,
        "energy": 33.744949,
        "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."
    }
  }
}