{
  "ticker": {
    "uuid": "ccb0c9de-b8fc-464f-a7b1-d0ef3740d40b",
    "symbol": "PBI",
    "name": "Pitney Bowes 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": 57.574,
    "architecture_energy": 47.434,
    "architecture_maturity": 95.603,
    "architecture_confidence": 65.803,
    "architecture_tenure": "Established",
    "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": 18.01,
        "rotation_up": 41.59,
        "upward_expansion": 76.71,
        "deceleration": 73.81,
        "rotation_down": 28.67,
        "downward_expansion": 8.04
      },
      "activity_lines": [
        17.747333,
        17.729818,
        16.945368,
        15.661227
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
    },
    "latest_close": 17.42,
    "trend_reference": 13.961842,
    "distance_from_trend": 0.247686,
    "trend_direction": "Improving",
    "fair_value": 8.334223,
    "distance_from_fair_value": 1.090177,
    "fair_value_direction": "Weakening",
    "relative_strength": 25.104511,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.639409,
    "excess_performance": 0.513784,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.247686,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.226804,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 1.090177,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.087409,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.251045,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.027377,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.639409,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.104048,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 10482595,
      "relative_activity": 0.753401,
      "balance": 2.104048,
      "dry_up": 0.632946,
      "accumulation_observations": 4,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.081227,
      "annualized_volatility": 0.391368,
      "from_high_reference": -0.086523,
      "from_low_reference": 0.974618
    },
    "levels": {
      "trend_reference": 13.961842,
      "fair_value_reference": 8.334223,
      "structural_low": 9.631486,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 26,
        "median_return": 0.002585,
        "positive_rate": 0.538462,
        "directional_follow_through": 0.538462,
        "median_excess_return": -0.009694,
        "regime_survival": 0.807692,
        "best_return": 0.226635,
        "worst_return": -0.163866,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 9,
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        "positive_rate": 0.777778,
        "directional_follow_through": 0.777778,
        "median_excess_return": 0.087715,
        "regime_survival": 0.555556,
        "best_return": 0.450347,
        "worst_return": -0.17857,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.318622,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": 0.178583,
        "regime_survival": 0.4,
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        "worst_return": -0.195085,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.288889,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.125871,
        "regime_survival": 0.333333,
        "best_return": 0.760557,
        "worst_return": -0.037525,
        "sufficient": false
      }
    ],
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        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2023-09-15",
        "end": "2023-10-06",
        "tenure": "New",
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      },
      {
        "regime": "balance",
        "label": "Balance",
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        "regime": "upward_expansion",
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      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-05-03",
        "tenure": "Established",
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      {
        "regime": "deceleration",
        "label": "Deceleration",
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      {
        "regime": "rotation_down",
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      },
      {
        "date": "2026-07-17",
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      },
      {
        "date": "2026-07-24",
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        "trend": 13.484528,
        "fair_value": 8.150212,
        "relative_strength": 35.981063,
        "stage": 2,
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        "modifier": "Established expansion",
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      },
      {
        "date": "2026-07-31",
        "close": 17.53,
        "volume": 10270494,
        "typical_volume": 14471849.9,
        "trend": 13.729454,
        "fair_value": 8.242714,
        "relative_strength": 31.06149,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.457015,
        "energy": 55.001748,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 17.42,
        "volume": 10482595,
        "typical_volume": 13913690.8,
        "trend": 13.961842,
        "fair_value": 8.334223,
        "relative_strength": 25.104511,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 57.574091,
        "energy": 47.434042,
        "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."
    }
  }
}