{
  "ticker": {
    "uuid": "e8a50dc6-bdec-4948-9eac-b32a788c72ca",
    "symbol": "BAC",
    "name": "Verizon Communications Inc.",
    "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": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 69.153,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "mixed",
    "architecture_direction": 8.189,
    "architecture_energy": 13.984,
    "architecture_maturity": 25.169,
    "architecture_confidence": 67.769,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 56.67,
        "rotation_up": 48.15,
        "upward_expansion": 31.85,
        "deceleration": 46.67,
        "rotation_down": 21.13,
        "downward_expansion": 22.85
      },
      "activity_lines": [
        39.87,
        39.261612,
        39.559848,
        39.931232
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.0
    },
    "latest_close": 40.435001,
    "trend_reference": 39.752267,
    "distance_from_trend": 0.017175,
    "trend_direction": "Improving",
    "fair_value": 34.196204,
    "distance_from_fair_value": 0.182441,
    "fair_value_direction": "Weakening",
    "relative_strength": -0.160824,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.052689,
    "excess_performance": -0.011951,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.017175,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.047188,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.182441,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.027246,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.001608,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.091966,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.052689,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.133221,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 38615,
      "relative_activity": 1.794682,
      "balance": 2.133221,
      "dry_up": 1.379707,
      "accumulation_observations": 4,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.053537,
      "annualized_volatility": 0.262263,
      "from_high_reference": -0.085564,
      "from_low_reference": 0.272006
    },
    "levels": {
      "trend_reference": 39.752267,
      "fair_value_reference": 34.196204,
      "structural_low": 35.783843,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 16,
        "median_return": -0.01187,
        "positive_rate": 0.375,
        "directional_follow_through": 0.375,
        "median_excess_return": -0.021651,
        "regime_survival": 0.375,
        "best_return": 0.080538,
        "worst_return": -0.087837,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
        "median_return": 0.003851,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.010293,
        "regime_survival": 0.2,
        "best_return": 0.318818,
        "worst_return": -0.133574,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
        "median_return": 0.035228,
        "positive_rate": 0.571429,
        "directional_follow_through": 0.571429,
        "median_excess_return": -0.048651,
        "regime_survival": 0.285714,
        "best_return": 0.147477,
        "worst_return": -0.146839,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.108238,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.19494,
        "regime_survival": 0.0,
        "best_return": 0.112577,
        "worst_return": -0.26259,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-01-24",
        "end": "2025-02-21",
        "tenure": "Developing",
        "return": 0.07909,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-02-28",
        "end": "2025-04-18",
        "tenure": "Developing",
        "return": -0.036936,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-04-25",
        "end": "2025-06-20",
        "tenure": "Developing",
        "return": 0.001508,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-06-27",
        "end": "2025-08-29",
        "tenure": "Developing",
        "return": 0.064167,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-09-05",
        "end": "2025-09-19",
        "tenure": "New",
        "return": -0.012747,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-10-17",
        "tenure": "New",
        "return": -0.047421,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-10-24",
        "end": "2025-11-28",
        "tenure": "Developing",
        "return": 0.060378,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-12-05",
        "end": "2025-12-26",
        "tenure": "New",
        "return": -0.05601,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-01-02",
        "end": "2026-01-23",
        "tenure": "New",
        "return": -0.022001,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-01-30",
        "end": "2026-02-13",
        "tenure": "New",
        "return": 0.124949,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2026-04-17",
        "tenure": "Developing",
        "return": -0.031407,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-04-24",
        "end": "2026-07-03",
        "tenure": "Developing",
        "return": -0.086178,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-07-10",
        "end": "2026-07-31",
        "tenure": "New",
        "return": 0.097234,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "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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        "trend": 36.737846,
        "fair_value": 32.87862,
        "relative_strength": 10.553398,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 35.683845,
        "energy": 28.033982,
        "activity_lines": [
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      },
      {
        "date": "2026-05-01",
        "close": 40.880001,
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        "typical_volume": 43987.7,
        "trend": 36.932592,
        "fair_value": 32.966708,
        "relative_strength": 11.867493,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 33.380453,
        "energy": 28.716688,
        "activity_lines": [
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      },
      {
        "date": "2026-05-08",
        "close": 39.974998,
        "volume": 18979,
        "typical_volume": 43889.85,
        "trend": 37.148004,
        "fair_value": 33.045718,
        "relative_strength": 9.035799,
        "stage": 2,
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        "modifier": "Recompressing",
        "gate": "up",
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        "energy": 23.240102,
        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
        "close": 40.599998,
        "volume": 8620,
        "typical_volume": 43652.05,
        "trend": 37.385051,
        "fair_value": 33.134314,
        "relative_strength": 12.297176,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 33.634416,
        "energy": 20.568793,
        "activity_lines": [
          40.341999,
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      },
      {
        "date": "2026-05-22",
        "close": 41.564999,
        "volume": 20009,
        "typical_volume": 43437.55,
        "trend": 37.701627,
        "fair_value": 33.23414,
        "relative_strength": 10.383983,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 46.931128,
        "energy": 29.499649,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-29",
        "close": 40.98,
        "volume": 13632,
        "typical_volume": 39397.6,
        "trend": 37.960974,
        "fair_value": 33.334541,
        "relative_strength": 7.698812,
        "stage": 2,
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        "modifier": "Recompressing",
        "gate": "up",
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        "energy": 26.465681,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-06-05",
        "close": 38.603592,
        "volume": 6511,
        "typical_volume": 36726.7,
        "trend": 38.13292,
        "fair_value": 33.4129,
        "relative_strength": 2.741136,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 7.393499,
        "energy": 9.816386,
        "activity_lines": [
          40.187197,
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          39.722552
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      },
      {
        "date": "2026-06-12",
        "close": 40.628906,
        "volume": 1157,
        "typical_volume": 34496.95,
        "trend": 38.358248,
        "fair_value": 33.502936,
        "relative_strength": 8.426747,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 20.07436,
        "energy": 13.148981,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
        "close": 38.84388,
        "volume": 4194,
        "typical_volume": 30480.85,
        "trend": 38.500154,
        "fair_value": 33.58286,
        "relative_strength": 2.074111,
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        "modifier": "Recompressing",
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        "energy": 9.889859,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
        "close": 39.908028,
        "volume": 2857,
        "typical_volume": 22911.35,
        "trend": 38.696957,
        "fair_value": 33.665639,
        "relative_strength": 5.906513,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 10.497596,
        "energy": 15.287811,
        "activity_lines": [
          39.665971,
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          40.507376,
          40.005745
        ]
      },
      {
        "date": "2026-07-03",
        "close": 36.6077,
        "volume": 7337,
        "typical_volume": 21146.0,
        "trend": 38.759186,
        "fair_value": 33.727332,
        "relative_strength": -6.997781,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -35.646784,
        "energy": 38.054674,
        "activity_lines": [
          38.604244,
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          39.870954
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      },
      {
        "date": "2026-07-10",
        "close": 36.869999,
        "volume": 37169,
        "typical_volume": 21504.0,
        "trend": 38.869653,
        "fair_value": 33.804982,
        "relative_strength": -3.775325,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -45.09312,
        "energy": 56.780179,
        "activity_lines": [
          37.921436,
          38.834947,
          39.725178,
          39.749071
        ]
      },
      {
        "date": "2026-07-17",
        "close": 38.900002,
        "volume": 21955,
        "typical_volume": 21907.2,
        "trend": 39.064483,
        "fair_value": 33.897132,
        "relative_strength": 2.228869,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -29.732853,
        "energy": 47.702547,
        "activity_lines": [
          38.030869,
          38.733454,
          39.568217,
          39.751029
        ]
      },
      {
        "date": "2026-07-24",
        "close": 39.794998,
        "volume": 33975,
        "typical_volume": 21356.55,
        "trend": 39.297817,
        "fair_value": 33.990661,
        "relative_strength": 3.256329,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -26.962338,
        "energy": 35.448004,
        "activity_lines": [
          38.553895,
          38.814234,
          39.508601,
          39.798159
        ]
      },
      {
        "date": "2026-07-31",
        "close": 40.455,
        "volume": 24200,
        "typical_volume": 21118.9,
        "trend": 39.529549,
        "fair_value": 34.095284,
        "relative_strength": 2.695331,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": 0.13577,
        "energy": 4.784802,
        "activity_lines": [
          39.233513,
          39.02965,
          39.526567,
          39.872816
        ]
      },
      {
        "date": "2026-08-07",
        "close": 40.435001,
        "volume": 38615,
        "typical_volume": 21516.35,
        "trend": 39.752267,
        "fair_value": 34.196204,
        "relative_strength": -0.160824,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 8.189001,
        "energy": 13.983536,
        "activity_lines": [
          39.87,
          39.261612,
          39.559848,
          39.931232
        ]
      }
    ],
    "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."
    }
  }
}