{
  "ticker": {
    "uuid": "fd978e20-66ac-4e27-9f28-edf052557b5e",
    "symbol": "GLOB",
    "name": "Globant SA",
    "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": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -41.173,
    "architecture_energy": 25.779,
    "architecture_maturity": 100.0,
    "architecture_confidence": 87.712,
    "architecture_tenure": "Established",
    "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": 35.11,
        "rotation_up": 27.38,
        "upward_expansion": 15.65,
        "deceleration": 46.79,
        "rotation_down": 32.72,
        "downward_expansion": 65.65
      },
      "activity_lines": [
        34.781333,
        33.588,
        35.673333,
        38.528409
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.5
    },
    "latest_close": 37.4,
    "trend_reference": 43.821667,
    "distance_from_trend": -0.146541,
    "trend_direction": "Weakening",
    "fair_value": 137.788269,
    "distance_from_fair_value": -0.728569,
    "fair_value_direction": "Improving",
    "relative_strength": -36.61492,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.376978,
    "excess_performance": -0.502603,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.146541,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.195293,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.728569,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.009522,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.366149,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.112837,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.376978,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.666791,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 6051812,
      "relative_activity": 0.711839,
      "balance": 0.666791,
      "dry_up": 0.950307,
      "accumulation_observations": 3,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.139775,
      "annualized_volatility": 0.65501,
      "from_high_reference": -0.530564,
      "from_low_reference": 0.357039
    },
    "levels": {
      "trend_reference": 43.821667,
      "fair_value_reference": 137.788269,
      "structural_low": 27.56,
      "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": 35,
        "median_return": -0.028897,
        "positive_rate": 0.457143,
        "directional_follow_through": 0.542857,
        "median_excess_return": -0.039985,
        "regime_survival": 0.885714,
        "best_return": 0.248331,
        "worst_return": -0.221333,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
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        "regime_survival": 0.6,
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        "worst_return": -0.403339,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
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        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
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        "worst_return": -0.581269,
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      {
        "horizon": "Full cycle",
        "sample_count": 4,
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        "sufficient": false
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        "regime": "balance",
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        "regime": "rotation_down",
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        "regime": "rotation_up",
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        "regime": "deceleration",
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      },
      {
        "date": "2026-07-17",
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          31.288,
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          36.843286,
          40.608065
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      },
      {
        "date": "2026-07-24",
        "close": 31.3,
        "volume": 7330184,
        "typical_volume": 8285199.2,
        "trend": 45.737,
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        "relative_strength": -46.522309,
        "stage": 4,
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          31.356667,
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      },
      {
        "date": "2026-07-31",
        "close": 36.6,
        "volume": 10855732,
        "typical_volume": 8506188.9,
        "trend": 44.854667,
        "fair_value": 138.651987,
        "relative_strength": -36.907907,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -49.152851,
        "energy": 39.343695,
        "activity_lines": [
          33.154667,
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          35.785524,
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      },
      {
        "date": "2026-08-07",
        "close": 37.4,
        "volume": 6051812,
        "typical_volume": 8501656.7,
        "trend": 43.821667,
        "fair_value": 137.788269,
        "relative_strength": -36.61492,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -41.172845,
        "energy": 25.778571,
        "activity_lines": [
          34.781333,
          33.588,
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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."
    }
  }
}