{
  "ticker": {
    "uuid": "d182ff67-5fcd-48c1-9450-8975babb5883",
    "symbol": "EWL",
    "name": "Edwards Lifesciences Corporation",
    "exchange": "GER",
    "country": "DE",
    "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": "^GDAXI",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 86.025,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 42.082,
    "architecture_energy": 25.339,
    "architecture_maturity": 60.449,
    "architecture_confidence": 80.143,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 34.42,
        "rotation_up": 30.87,
        "upward_expansion": 60.59,
        "deceleration": 85.47,
        "rotation_down": 29.61,
        "downward_expansion": 19.59
      },
      "activity_lines": [
        76.204002,
        77.029092,
        75.316239,
        73.858065
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 77.620003,
    "trend_reference": 72.185667,
    "distance_from_trend": 0.075283,
    "trend_direction": "Improving",
    "fair_value": 70.197115,
    "distance_from_fair_value": 0.105743,
    "fair_value_direction": "Improving",
    "relative_strength": 0.972046,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.174104,
    "excess_performance": 0.109464,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.075283,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.017211,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.105743,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.128172,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.00972,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.019766,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.174104,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.151726,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 251,
      "relative_activity": 0.371907,
      "balance": 0.151726,
      "dry_up": 2.937102,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.0486,
      "annualized_volatility": 0.249229,
      "from_high_reference": -0.075952,
      "from_low_reference": 0.251936
    },
    "levels": {
      "trend_reference": 72.185667,
      "fair_value_reference": 70.197115,
      "structural_low": 63.380001,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 8,
        "median_return": -0.002457,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.006297,
        "regime_survival": 0.375,
        "best_return": 0.083885,
        "worst_return": -0.326615,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": -0.050192,
        "positive_rate": 0.2,
        "directional_follow_through": 0.2,
        "median_excess_return": -0.032385,
        "regime_survival": 0.0,
        "best_return": 0.060809,
        "worst_return": -0.307847,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.032483,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.002639,
        "regime_survival": 0.0,
        "best_return": 0.154656,
        "worst_return": -0.208286,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.143333,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.183543,
        "regime_survival": 0.0,
        "best_return": -0.125336,
        "worst_return": -0.161331,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-01-31",
        "end": "2025-02-21",
        "tenure": "New",
        "return": 0.009384,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-02-28",
        "end": "2025-03-14",
        "tenure": "New",
        "return": -0.084435,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-03-21",
        "end": "2025-05-09",
        "tenure": "Developing",
        "return": 0.016179,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-16",
        "end": "2025-08-29",
        "tenure": "Established",
        "return": -0.005183,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-09-05",
        "end": "2025-09-12",
        "tenure": "New",
        "return": -0.054054,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-09-19",
        "end": "2025-10-24",
        "tenure": "Developing",
        "return": 0.043871,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-10-31",
        "end": "2025-11-07",
        "tenure": "New",
        "return": -0.009516,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-11-14",
        "end": "2026-01-02",
        "tenure": "Developing",
        "return": -0.027736,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-01-09",
        "end": "2026-02-13",
        "tenure": "Developing",
        "return": -0.089132,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-02-20",
        "end": "2026-03-06",
        "tenure": "New",
        "return": 0.043848,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-03-13",
        "end": "2026-05-29",
        "tenure": "Developing",
        "return": 0.044647,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-06-05",
        "end": "2026-06-26",
        "tenure": "New",
        "return": 0.066329,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-07-03",
        "end": "2026-07-31",
        "tenure": "Developing",
        "return": -0.093682,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-08-07",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.0,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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        "typical_volume": 1177.3,
        "trend": 77.360333,
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        "date": "2023-08-25",
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      },
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        "gate": "down",
        "direction": -46.796956,
        "energy": 33.257863,
        "activity_lines": [
          68.834666,
          69.226908,
          69.455285,
          70.075268
        ]
      },
      {
        "date": "2026-05-08",
        "close": 68.940002,
        "volume": 290,
        "typical_volume": 1191.5,
        "trend": 70.423333,
        "fair_value": 70.521731,
        "relative_strength": -1.004563,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -43.307574,
        "energy": 20.382855,
        "activity_lines": [
          68.888001,
          69.062,
          69.349285,
          69.990516
        ]
      },
      {
        "date": "2026-05-15",
        "close": 70.18,
        "volume": 31,
        "typical_volume": 1188.8,
        "trend": 70.659666,
        "fair_value": 70.452885,
        "relative_strength": 2.403551,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -28.641938,
        "energy": 11.92407,
        "activity_lines": [
          69.448001,
          69.202909,
          69.379523,
          69.974817
        ]
      },
      {
        "date": "2026-05-22",
        "close": 72.919998,
        "volume": 87,
        "typical_volume": 1170.65,
        "trend": 70.893333,
        "fair_value": 70.431987,
        "relative_strength": 2.288874,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 0.61644,
        "energy": 8.464497,
        "activity_lines": [
          70.68,
          69.838545,
          69.685142,
          70.120645
        ]
      },
      {
        "date": "2026-05-29",
        "close": 74.639999,
        "volume": 719,
        "typical_volume": 1178.1,
        "trend": 70.964333,
        "fair_value": 70.401987,
        "relative_strength": 3.727111,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 28.577106,
        "energy": 35.318205,
        "activity_lines": [
          72.216,
          70.760181,
          70.149523,
          70.362365
        ]
      },
      {
        "date": "2026-06-05",
        "close": 75.080002,
        "volume": 15,
        "typical_volume": 1109.95,
        "trend": 71.073,
        "fair_value": 70.383269,
        "relative_strength": 5.627787,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 42.162025,
        "energy": 55.202207,
        "activity_lines": [
          73.468,
          71.697091,
          70.648714,
          70.627892
        ]
      },
      {
        "date": "2026-06-12",
        "close": 73.120003,
        "volume": 30,
        "typical_volume": 970.05,
        "trend": 71.046666,
        "fair_value": 70.308526,
        "relative_strength": 3.260047,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 32.443529,
        "energy": 55.462983,
        "activity_lines": [
          73.724001,
          72.161455,
          70.947952,
          70.759957
        ]
      },
      {
        "date": "2026-06-19",
        "close": 75.360001,
        "volume": 24,
        "typical_volume": 947.3,
        "trend": 71.104,
        "fair_value": 70.258654,
        "relative_strength": 4.750673,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 41.366727,
        "energy": 60.168984,
        "activity_lines": [
          74.448001,
          72.982546,
          71.451381,
          71.038236
        ]
      },
      {
        "date": "2026-06-26",
        "close": 80.059998,
        "volume": 55,
        "typical_volume": 899.25,
        "trend": 71.276666,
        "fair_value": 70.21968,
        "relative_strength": 12.339356,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 85.600985,
        "energy": 81.183901,
        "activity_lines": [
          76.393334,
          74.498182,
          72.369,
          71.616043
        ]
      },
      {
        "date": "2026-07-03",
        "close": 82.620003,
        "volume": 18,
        "typical_volume": 874.1,
        "trend": 71.514333,
        "fair_value": 70.221346,
        "relative_strength": 10.596547,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 88.451758,
        "energy": 89.074989,
        "activity_lines": [
          78.716001,
          76.276001,
          73.464,
          72.347871
        ]
      },
      {
        "date": "2026-07-10",
        "close": 79.660004,
        "volume": 201,
        "typical_volume": 876.15,
        "trend": 71.788,
        "fair_value": 70.199423,
        "relative_strength": 9.340301,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.049038,
        "energy": 84.335715,
        "activity_lines": [
          79.520002,
          77.253092,
          74.200953,
          72.873398
        ]
      },
      {
        "date": "2026-07-17",
        "close": 75.419998,
        "volume": 329,
        "typical_volume": 860.9,
        "trend": 71.877,
        "fair_value": 70.150064,
        "relative_strength": 4.287101,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.292512,
        "energy": 74.93202,
        "activity_lines": [
          78.605334,
          77.282546,
          74.474048,
          73.107721
        ]
      },
      {
        "date": "2026-07-24",
        "close": 74.980003,
        "volume": 977,
        "typical_volume": 880.05,
        "trend": 71.936,
        "fair_value": 70.140192,
        "relative_strength": 2.40553,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 59.578337,
        "energy": 44.850685,
        "activity_lines": [
          77.390668,
          77.114183,
          74.695429,
          73.307914
        ]
      },
      {
        "date": "2026-07-31",
        "close": 74.88,
        "volume": 6372,
        "typical_volume": 671.5,
        "trend": 72.036667,
        "fair_value": 70.158398,
        "relative_strength": 0.158677,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 40.968262,
        "energy": 23.542629,
        "activity_lines": [
          76.168001,
          76.840365,
          74.883525,
          73.49785
        ]
      },
      {
        "date": "2026-08-07",
        "close": 77.620003,
        "volume": 251,
        "typical_volume": 674.9,
        "trend": 72.185667,
        "fair_value": 70.197115,
        "relative_strength": 0.972046,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 42.082474,
        "energy": 25.339034,
        "activity_lines": [
          76.204002,
          77.029092,
          75.316239,
          73.858065
        ]
      }
    ],
    "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."
    }
  }
}