{
  "ticker": {
    "uuid": "fd6923e3-5076-4883-8d77-32bbfab17668",
    "symbol": "ZIP",
    "name": "Ziprecruiter 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": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 87.638,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 84.526,
    "architecture_energy": 67.846,
    "architecture_maturity": 28.0,
    "architecture_confidence": 83.099,
    "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": 15.48,
        "rotation_up": 71.94,
        "upward_expansion": 87.78,
        "deceleration": 46.73,
        "rotation_down": 14.86,
        "downward_expansion": 12.11
      },
      "activity_lines": [
        4.33,
        4.074727,
        3.713286,
        3.382753
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 5.14,
    "trend_reference": 3.005333,
    "distance_from_trend": 0.710293,
    "trend_direction": "Weakening",
    "fair_value": 7.51359,
    "distance_from_fair_value": -0.315906,
    "fair_value_direction": "Improving",
    "relative_strength": 25.246402,
    "relative_strength_direction": "Improving",
    "price_momentum": 1.436019,
    "excess_performance": 1.310394,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.710293,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.055916,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.315906,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.26419,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.252464,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.453715,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 1.436019,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.426592,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 5500721,
      "relative_activity": 1.425146,
      "balance": 1.426592,
      "dry_up": 0.87242,
      "accumulation_observations": 2,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.138432,
      "annualized_volatility": 1.26955,
      "from_high_reference": -0.083779,
      "from_low_reference": 2.115152
    },
    "levels": {
      "trend_reference": 3.005333,
      "fair_value_reference": 7.51359,
      "structural_low": 1.65,
      "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": 2,
        "median_return": -0.124138,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.129231,
        "regime_survival": 0.5,
        "best_return": 0.062005,
        "worst_return": -0.310282,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 1,
        "median_return": -0.319836,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.332432,
        "regime_survival": 0.0,
        "best_return": -0.319836,
        "worst_return": -0.319836,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 1,
        "median_return": -0.250227,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.350705,
        "regime_survival": 0.0,
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        "worst_return": -0.250227,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": -0.33667,
        "positive_rate": 0.0,
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        "worst_return": -0.33667,
        "sufficient": false
      }
    ],
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        "regime": "balance",
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        "regime": "downward_expansion",
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        "regime": "balance",
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      },
      {
        "date": "2026-07-17",
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        "relative_strength": -0.638471,
        "stage": 1,
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        "modifier": "Early expansion",
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        "direction": 65.434523,
        "energy": 67.305406,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
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        "volume": 2300234,
        "typical_volume": 4287879.5,
        "trend": 2.937,
        "fair_value": 7.675833,
        "relative_strength": -0.858826,
        "stage": 1,
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        "modifier": "Early expansion",
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        "direction": 59.652325,
        "energy": 59.104764,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 3.94,
        "volume": 3632138,
        "typical_volume": 3981531.2,
        "trend": 2.942667,
        "fair_value": 7.586282,
        "relative_strength": -0.509085,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 59.534096,
        "energy": 42.515789,
        "activity_lines": [
          3.925333,
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          3.240989
        ]
      },
      {
        "date": "2026-08-07",
        "close": 5.14,
        "volume": 5500721,
        "typical_volume": 3859759.75,
        "trend": 3.005333,
        "fair_value": 7.51359,
        "relative_strength": 25.246402,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 84.525574,
        "energy": 67.846098,
        "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."
    }
  }
}