{
  "ticker": {
    "uuid": "cbe9a958-de22-40df-9a6f-e46a06286404",
    "symbol": "NETAS",
    "name": "Netas Telekom\u00fcnikasyon A.S.",
    "exchange": "IST",
    "country": "TR",
    "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": "2026-08-21",
    "benchmark": "XU100.IS",
    "stage": 1,
    "stage_name": "Basing",
    "phase": "1c",
    "phase_label": "Stage 1C \u00b7 Breakout watch",
    "transition": "stage_1_to_2_watch",
    "transition_label": "Stage 1 \u2192 2 watch",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 85.488,
    "architecture_energy": 79.328,
    "architecture_maturity": 22.0,
    "architecture_confidence": 80.362,
    "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": 22.8,
        "rotation_up": 72.56,
        "upward_expansion": 84.96,
        "deceleration": 50.47,
        "rotation_down": 13.84,
        "downward_expansion": 20.96
      },
      "activity_lines": [
        74.723333,
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        67.563333,
        66.06914
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.0
    },
    "latest_close": 96.900002,
    "trend_reference": 64.356666,
    "distance_from_trend": 0.505672,
    "trend_direction": "Improving",
    "fair_value": 64.805384,
    "distance_from_fair_value": 0.495246,
    "fair_value_direction": "Improving",
    "relative_strength": 27.062229,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.609635,
    "excess_performance": 0.56796,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.505672,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.038094,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.495246,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.46662,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.270622,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.413332,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.609635,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 7.160256,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 15812518,
      "relative_activity": 6.572192,
      "balance": 7.160256,
      "dry_up": 2.135118,
      "accumulation_observations": 1,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.073311,
      "annualized_volatility": 0.712927,
      "from_high_reference": -0.03003,
      "from_low_reference": 0.847474
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    "levels": {
      "trend_reference": 64.356666,
      "fair_value_reference": 64.805384,
      "structural_low": 52.450001,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 17,
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        "positive_rate": 0.470588,
        "directional_follow_through": 0.470588,
        "median_excess_return": -0.037518,
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        "worst_return": -0.261905,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "regime_survival": 0.333333,
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        "worst_return": -0.251421,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
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        "sufficient": false
      },
      {
        "horizon": "Full cycle",
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        "worst_return": 0.765241,
        "sufficient": false
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    ],
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        "regime": "balance",
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      {
        "regime": "downward_expansion",
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      {
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      },
      {
        "date": "2026-05-08",
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      },
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        "date": "2026-05-22",
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      },
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        "date": "2026-05-29",
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      },
      {
        "date": "2026-06-05",
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        "regime": "upward_expansion",
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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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      },
      {
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      },
      {
        "date": "2026-07-17",
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      },
      {
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      },
      {
        "date": "2026-07-31",
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        "typical_volume": 1997808.9,
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        "direction": 10.344703,
        "energy": 12.264764,
        "activity_lines": [
          63.326667,
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      },
      {
        "date": "2026-08-07",
        "close": 65.0,
        "volume": 1411399,
        "typical_volume": 2001641.35,
        "trend": 63.146667,
        "fair_value": 64.378269,
        "relative_strength": -10.828561,
        "stage": 1,
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        "modifier": "Upper balance after advance",
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        "activity_lines": [
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      },
      {
        "date": "2026-08-14",
        "close": 62.099998,
        "volume": 1417881,
        "typical_volume": 1979447.45,
        "trend": 63.191666,
        "fair_value": 64.525577,
        "relative_strength": -16.831767,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 6.293806,
        "energy": 4.228826,
        "activity_lines": [
          63.576666,
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          63.894408
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      },
      {
        "date": "2026-08-21",
        "close": 96.900002,
        "volume": 15812518,
        "typical_volume": 2405973.25,
        "trend": 64.356666,
        "fair_value": 64.805384,
        "relative_strength": 27.062229,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 85.487636,
        "energy": 79.328414,
        "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."
    }
  }
}