{
  "ticker": {
    "uuid": "f1247675-fa98-4a0b-b67f-82f35a1840e8",
    "symbol": "DIS",
    "name": "The Walt Disney Company",
    "exchange": "MEX",
    "country": "MX",
    "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": "^MXX",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4c",
    "phase_label": "Stage 4C \u00b7 Repair watch",
    "transition": "stage_4_to_1_watch",
    "transition_label": "Stage 4 \u2192 1 repair watch",
    "confidence": 73.437,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -23.89,
    "architecture_energy": 18.919,
    "architecture_maturity": 100.0,
    "architecture_confidence": 57.815,
    "architecture_tenure": "Extended",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 43.0,
        "rotation_up": 25.39,
        "upward_expansion": 15.81,
        "deceleration": 62.29,
        "rotation_down": 38.15,
        "downward_expansion": 65.81
      },
      "activity_lines": [
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.5
    },
    "latest_close": 1800.0,
    "trend_reference": 1780.089757,
    "distance_from_trend": 0.011185,
    "trend_direction": "Weakening",
    "fair_value": 1884.316049,
    "distance_from_fair_value": -0.044746,
    "fair_value_direction": "Weakening",
    "relative_strength": -7.575888,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.040363,
    "excess_performance": 0.014303,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.011185,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.048237,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.044746,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.039702,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.075759,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.10104,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.040363,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.908311,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 12238,
      "relative_activity": 1.294513,
      "balance": 1.908311,
      "dry_up": 0.892979,
      "accumulation_observations": 1,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.037749,
      "annualized_volatility": 0.225298,
      "from_high_reference": -0.195406,
      "from_low_reference": 0.111097
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    "levels": {
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      "fair_value_reference": 1884.316049,
      "structural_low": 1620.02002,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 39,
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        "positive_rate": 0.410256,
        "directional_follow_through": 0.589744,
        "median_excess_return": -0.020651,
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        "worst_return": -0.158626,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "worst_return": -0.338322,
        "sufficient": true
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        "horizon": "Extended",
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        "sufficient": true
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      {
        "horizon": "Full cycle",
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      },
      {
        "date": "2026-07-31",
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      },
      {
        "date": "2026-08-07",
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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."
    }
  }
}