{
  "ticker": {
    "uuid": "f527b7b2-e112-4573-813c-a37dd129b412",
    "symbol": "EQH",
    "name": "Axa Equitable Holdings 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": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 68.594,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 84.655,
    "architecture_energy": 85.079,
    "architecture_maturity": 20.236,
    "architecture_confidence": 70.09,
    "architecture_tenure": "New",
    "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": 12.02,
        "rotation_up": 79.54,
        "upward_expansion": 94.61,
        "deceleration": 42.24,
        "rotation_down": 10.76,
        "downward_expansion": 18.94
      },
      "activity_lines": [
        48.946749,
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        43.76321
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 51.52,
    "trend_reference": 42.827976,
    "distance_from_trend": 0.202952,
    "trend_direction": "Weakening",
    "fair_value": 41.714707,
    "distance_from_fair_value": 0.235056,
    "fair_value_direction": "Improving",
    "relative_strength": 1.190006,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.147857,
    "excess_performance": 0.022232,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.202952,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.00025,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.235056,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.178818,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.0119,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.215264,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.147857,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.753116,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 20185358,
      "relative_activity": 1.033787,
      "balance": 0.753116,
      "dry_up": 0.765987,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.056253,
      "annualized_volatility": 0.322265,
      "from_high_reference": -0.048506,
      "from_low_reference": 0.47468
    },
    "levels": {
      "trend_reference": 42.827976,
      "fair_value_reference": 41.714707,
      "structural_low": 34.936403,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 27,
        "median_return": 0.002634,
        "positive_rate": 0.518519,
        "directional_follow_through": 0.518519,
        "median_excess_return": 0.005263,
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        "worst_return": -0.137299,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 11,
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        "worst_return": -0.247136,
        "sufficient": true
      },
      {
        "horizon": "Extended",
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        "worst_return": -0.190398,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
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        "worst_return": -0.046878,
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        "regime": "deceleration",
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        "regime": "balance",
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        "date": "2026-04-10",
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      },
      {
        "date": "2026-07-03",
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      },
      {
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 19491978.35,
        "trend": 42.705845,
        "fair_value": 41.42264,
        "relative_strength": -2.815142,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
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      },
      {
        "date": "2026-07-31",
        "close": 47.354037,
        "volume": 16047660,
        "typical_volume": 19404817.25,
        "trend": 42.707667,
        "fair_value": 41.554961,
        "relative_strength": -4.124807,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.991104,
        "energy": 75.50589,
        "activity_lines": [
          47.491842,
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      },
      {
        "date": "2026-08-07",
        "close": 51.52,
        "volume": 20185358,
        "typical_volume": 19525648.2,
        "trend": 42.827976,
        "fair_value": 41.714707,
        "relative_strength": 1.190006,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 84.654824,
        "energy": 85.078913,
        "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."
    }
  }
}