{
  "ticker": {
    "uuid": "d574a1c8-15c4-4483-9646-47234dffcaf1",
    "symbol": "NET",
    "name": "Cloudflare 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": "2c",
    "phase_label": "Stage 2C \u00b7 Late 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": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 78.566,
    "architecture_energy": 78.008,
    "architecture_maturity": 40.0,
    "architecture_confidence": 85.65,
    "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": 8.7,
        "rotation_up": 76.37,
        "upward_expansion": 92.53,
        "deceleration": 42.84,
        "rotation_down": 11.51,
        "downward_expansion": 16.86
      },
      "activity_lines": [
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        234.214043
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 300.27,
    "trend_reference": 216.837,
    "distance_from_trend": 0.384773,
    "trend_direction": "Improving",
    "fair_value": 139.738397,
    "distance_from_fair_value": 1.148801,
    "fair_value_direction": "Improving",
    "relative_strength": 25.519818,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.73356,
    "excess_performance": 0.607936,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.384773,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.094103,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 1.148801,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.573249,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.255198,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.372255,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.73356,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 4.051258,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 26896656,
      "relative_activity": 1.370812,
      "balance": 4.051258,
      "dry_up": 0.899334,
      "accumulation_observations": 3,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.102026,
      "annualized_volatility": 0.641184,
      "from_high_reference": -0.075324,
      "from_low_reference": 0.890512
    },
    "levels": {
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      "fair_value_reference": 139.738397,
      "structural_low": 158.83,
      "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": 30,
        "median_return": 0.012665,
        "positive_rate": 0.533333,
        "directional_follow_through": 0.533333,
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        "worst_return": -0.314062,
        "sufficient": true
      },
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        "horizon": "Intermediate",
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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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        "typical_volume": 19505879.7,
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        "relative_strength": 21.896841,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "energy": 71.748637,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
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        "volume": 13542015,
        "typical_volume": 19404423.35,
        "trend": 210.155333,
        "fair_value": 136.878654,
        "relative_strength": 15.47776,
        "stage": 2,
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        "modifier": "Early expansion",
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        "direction": 61.798225,
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      },
      {
        "date": "2026-07-31",
        "close": 278.98,
        "volume": 15426155,
        "typical_volume": 19276768.2,
        "trend": 212.920667,
        "fair_value": 138.221346,
        "relative_strength": 21.194548,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.06952,
        "energy": 71.850528,
        "activity_lines": [
          270.379333,
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      },
      {
        "date": "2026-08-07",
        "close": 300.27,
        "volume": 26896656,
        "typical_volume": 19620963.6,
        "trend": 216.837,
        "fair_value": 139.738397,
        "relative_strength": 25.519818,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 78.566086,
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        "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."
    }
  }
}