{
  "ticker": {
    "uuid": "de36aca3-dde4-4d28-a57f-0f98f85d881c",
    "symbol": "XRAY",
    "name": "Dentsply Sirona Inc",
    "exchange": "NASDAQ",
    "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": "QQQ",
    "stage": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 96.0,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Emerging rotation",
    "architecture_gate": "mixed",
    "architecture_direction": 25.369,
    "architecture_energy": 49.413,
    "architecture_maturity": 7.44,
    "architecture_confidence": 65.016,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating upward.",
        "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair."
      },
      "scores": {
        "balance": 35.72,
        "rotation_up": 68.95,
        "upward_expansion": 53.71,
        "deceleration": 16.87,
        "rotation_down": 14.9,
        "downward_expansion": 24.05
      },
      "activity_lines": [
        12.882,
        12.369818,
        11.728095,
        11.735591
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 12.12,
    "trend_reference": 11.905667,
    "distance_from_trend": 0.018003,
    "trend_direction": "Improving",
    "fair_value": 19.653827,
    "distance_from_fair_value": -0.383326,
    "fair_value_direction": "Improving",
    "relative_strength": -12.438533,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.119186,
    "excess_performance": -0.30664,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.018003,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.016084,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.383326,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.110353,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.124385,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.1764,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.119186,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.2919,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 29185675,
      "relative_activity": 1.184361,
      "balance": 2.2919,
      "dry_up": 1.083271,
      "accumulation_observations": 4,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.108943,
      "annualized_volatility": 0.516342,
      "from_high_reference": -0.178584,
      "from_low_reference": 0.288676
    },
    "levels": {
      "trend_reference": 11.905667,
      "fair_value_reference": 19.653827,
      "structural_low": 9.405,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 5,
        "median_return": -0.030565,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.095257,
        "regime_survival": 0.4,
        "best_return": 0.029277,
        "worst_return": -0.10888,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
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        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.211263,
        "regime_survival": 0.0,
        "best_return": 0.115477,
        "worst_return": -0.222394,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": -0.091698,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.363897,
        "regime_survival": 0.0,
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        "worst_return": -0.293835,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.240361,
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        "directional_follow_through": 0.0,
        "median_excess_return": -0.613528,
        "regime_survival": 0.5,
        "best_return": -0.02068,
        "worst_return": -0.460043,
        "sufficient": false
      }
    ],
    "ledger": [
      {
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        "end": "2024-02-16",
        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "balance",
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        "tenure": "Developing",
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      },
      {
        "regime": "rotation_down",
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        "tenure": "New",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2024-09-20",
        "tenure": "Established",
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      },
      {
        "regime": "balance",
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        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "end": "2025-06-06",
        "tenure": "Extended",
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        "active": false
      },
      {
        "regime": "balance",
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        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "end": "2026-01-16",
        "tenure": "Established",
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      },
      {
        "regime": "balance",
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        "active": false
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      {
        "regime": "rotation_up",
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        "active": false
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      {
        "regime": "balance",
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        "tenure": "Developing",
        "return": -0.080365,
        "active": false
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      {
        "regime": "rotation_down",
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        "active": false
      },
      {
        "regime": "downward_expansion",
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      {
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        "active": true
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    ],
    "chart_path": [
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      {
        "date": "2026-07-03",
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      },
      {
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 24527207.6,
        "trend": 11.810667,
        "fair_value": 20.112,
        "relative_strength": 3.484675,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "mixed",
        "direction": 44.766329,
        "energy": 43.902574,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
        "close": 12.93,
        "volume": 26801708,
        "typical_volume": 24414479.4,
        "trend": 11.857667,
        "fair_value": 19.952261,
        "relative_strength": -2.376743,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 28.327048,
        "energy": 52.475167,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 13.37,
        "volume": 22068926,
        "typical_volume": 24433506.95,
        "trend": 11.927667,
        "fair_value": 19.805631,
        "relative_strength": 0.975626,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 32.924236,
        "energy": 60.113466,
        "activity_lines": [
          13.126,
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      },
      {
        "date": "2026-08-07",
        "close": 12.12,
        "volume": 29185675,
        "typical_volume": 24642554.9,
        "trend": 11.905667,
        "fair_value": 19.653827,
        "relative_strength": -12.438533,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 25.368559,
        "energy": 49.413081,
        "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."
    }
  }
}