{
  "ticker": {
    "uuid": "fd3ac80a-92c7-4b81-829f-3d7a9635e52e",
    "symbol": "FWONA",
    "name": "Liberty Media Corporation Series A Liberty Formula One Common Stock",
    "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": 2,
    "stage_name": "Advancing",
    "phase": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 57.986,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 71.42,
    "architecture_energy": 63.415,
    "architecture_maturity": 18.603,
    "architecture_confidence": 70.906,
    "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": 16.23,
        "rotation_up": 67.93,
        "upward_expansion": 85.23,
        "deceleration": 48.72,
        "rotation_down": 13.27,
        "downward_expansion": 11.9
      },
      "activity_lines": [
        91.481,
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        86.947857,
        85.012215
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 93.96,
    "trend_reference": 82.964,
    "distance_from_trend": 0.132539,
    "trend_direction": "Improving",
    "fair_value": 76.472404,
    "distance_from_fair_value": 0.228679,
    "fair_value_direction": "Improving",
    "relative_strength": -4.515482,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.205233,
    "excess_performance": 0.01778,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.132539,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.000951,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.228679,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.076259,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.045155,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.135805,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.205233,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.59144,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 923425,
      "relative_activity": 1.218048,
      "balance": 1.59144,
      "dry_up": 1.061419,
      "accumulation_observations": 6,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.058769,
      "annualized_volatility": 0.277619,
      "from_high_reference": -0.055868,
      "from_low_reference": 0.274898
    },
    "levels": {
      "trend_reference": 82.964,
      "fair_value_reference": 76.472404,
      "structural_low": 73.7,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 33,
        "median_return": 0.008294,
        "positive_rate": 0.545455,
        "directional_follow_through": 0.545455,
        "median_excess_return": 0.010959,
        "regime_survival": 0.69697,
        "best_return": 0.153639,
        "worst_return": -0.164907,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "directional_follow_through": 0.642857,
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        "worst_return": -0.140595,
        "sufficient": true
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        "horizon": "Extended",
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        "worst_return": -0.209119,
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        "sufficient": false
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        "regime": "deceleration",
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        "modifier": "Established contraction",
        "gate": "down",
        "direction": -25.234742,
        "energy": 21.057442,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-01",
        "close": 81.29,
        "volume": 614936,
        "typical_volume": 731366.4,
        "trend": 83.863833,
        "fair_value": 74.43159,
        "relative_strength": -18.898523,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
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        "energy": 18.693175,
        "activity_lines": [
          81.71,
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        ]
      },
      {
        "date": "2026-05-08",
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        "volume": 724363,
        "typical_volume": 727667.8,
        "trend": 83.6055,
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        "relative_strength": -18.095933,
        "stage": 4,
        "regime": "balance",
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        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-15",
        "close": 82.07,
        "volume": 794587,
        "typical_volume": 751744.9,
        "trend": 83.304833,
        "fair_value": 74.704772,
        "relative_strength": -20.965435,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -8.717267,
        "energy": 12.604499,
        "activity_lines": [
          82.937333,
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      },
      {
        "date": "2026-05-22",
        "close": 81.91,
        "volume": 899542,
        "typical_volume": 780089.1,
        "trend": 83.1185,
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        "relative_strength": -21.429606,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -9.127043,
        "energy": 11.182975,
        "activity_lines": [
          82.643333,
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        ]
      },
      {
        "date": "2026-05-29",
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        "typical_volume": 760927.85,
        "trend": 82.885167,
        "fair_value": 74.980319,
        "relative_strength": -21.118889,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 757333.1,
        "trend": 82.508167,
        "fair_value": 75.083054,
        "relative_strength": -19.798684,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -22.279415,
        "energy": 11.163106,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "volume": 553781,
        "typical_volume": 760523.15,
        "trend": 82.237167,
        "fair_value": 75.177053,
        "relative_strength": -20.032052,
        "stage": 4,
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        "modifier": "Balance after decline",
        "gate": "mixed",
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      },
      {
        "date": "2026-06-19",
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        "fair_value": 75.300836,
        "relative_strength": -19.429326,
        "stage": 4,
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        "energy": 12.708587,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
        "close": 84.88,
        "volume": 1103999,
        "typical_volume": 779860.5,
        "trend": 82.1005,
        "fair_value": 75.429931,
        "relative_strength": -14.190004,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 25.045169,
        "energy": 15.049349,
        "activity_lines": [
          83.503333,
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      },
      {
        "date": "2026-07-03",
        "close": 90.89,
        "volume": 771363,
        "typical_volume": 777259.45,
        "trend": 82.295167,
        "fair_value": 75.602033,
        "relative_strength": -8.38366,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 46.897381,
        "energy": 51.088771,
        "activity_lines": [
          86.075333,
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      },
      {
        "date": "2026-07-10",
        "close": 88.19,
        "volume": 990164,
        "typical_volume": 791297.9,
        "trend": 82.3545,
        "fair_value": 75.754863,
        "relative_strength": -12.128462,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 61.051461,
        "energy": 62.745238,
        "activity_lines": [
          87.286667,
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          83.588905,
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      },
      {
        "date": "2026-07-17",
        "close": 93.88,
        "volume": 906587,
        "typical_volume": 788133.9,
        "trend": 82.5355,
        "fair_value": 75.949488,
        "relative_strength": -1.962715,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 79.238723,
        "energy": 76.804468,
        "activity_lines": [
          89.911333,
          87.087455,
          84.715619,
          83.387903
        ]
      },
      {
        "date": "2026-07-24",
        "close": 89.075,
        "volume": 602744,
        "typical_volume": 784715.7,
        "trend": 82.554,
        "fair_value": 76.118622,
        "relative_strength": -5.019282,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.400156,
        "energy": 69.236618,
        "activity_lines": [
          90.141667,
          87.777273,
          85.339429,
          83.809806
        ]
      },
      {
        "date": "2026-07-31",
        "close": 89.81,
        "volume": 785971,
        "typical_volume": 761179.65,
        "trend": 82.578667,
        "fair_value": 76.269904,
        "relative_strength": -4.350801,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 59.562427,
        "energy": 58.597852,
        "activity_lines": [
          90.284,
          88.473364,
          85.977786,
          84.277935
        ]
      },
      {
        "date": "2026-08-07",
        "close": 93.96,
        "volume": 923425,
        "typical_volume": 758118.85,
        "trend": 82.964,
        "fair_value": 76.472404,
        "relative_strength": -4.515482,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 71.419688,
        "energy": 63.41529,
        "activity_lines": [
          91.481,
          89.780364,
          86.947857,
          85.012215
        ]
      }
    ],
    "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."
    }
  }
}