{
  "ticker": {
    "uuid": "008f4640-1637-4685-a186-31e54effff42",
    "symbol": "CHEF",
    "name": "The Chefs Warehouse Inc",
    "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": "2c",
    "phase_label": "Stage 2C \u00b7 Late advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 79.908,
    "architecture_energy": 70.532,
    "architecture_maturity": 53.203,
    "architecture_confidence": 78.357,
    "architecture_tenure": "Established",
    "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": 4.37,
        "rotation_up": 76.13,
        "upward_expansion": 87.67,
        "deceleration": 58.64,
        "rotation_down": 14.44,
        "downward_expansion": 12.0
      },
      "activity_lines": [
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        85.463366
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 110.2,
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    "distance_from_trend": 0.417962,
    "trend_direction": "Improving",
    "fair_value": 51.841987,
    "distance_from_fair_value": 1.12569,
    "fair_value_direction": "Improving",
    "relative_strength": 37.782381,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.652917,
    "excess_performance": 0.465464,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.417962,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.180968,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 1.12569,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.384121,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.377824,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.308366,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.652917,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.179793,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 2192466,
      "relative_activity": 0.865262,
      "balance": 2.179793,
      "dry_up": 1.373742,
      "accumulation_observations": 5,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.074075,
      "annualized_volatility": 0.51726,
      "from_high_reference": -0.060793,
      "from_low_reference": 1.071429
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    "levels": {
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      "fair_value_reference": 51.841987,
      "structural_low": 56.56,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 31,
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        "worst_return": -0.171478,
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      },
      {
        "date": "2026-05-01",
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        "modifier": "Upper balance after advance",
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      },
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        "date": "2026-05-08",
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      },
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        "date": "2026-05-15",
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      },
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        "date": "2026-05-22",
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        "typical_volume": 2293507.8,
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      },
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        "date": "2026-05-29",
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      },
      {
        "date": "2026-06-05",
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        "trend": 66.420667,
        "fair_value": 48.107724,
        "relative_strength": 7.614849,
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        "regime": "upward_expansion",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "stage": 2,
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      },
      {
        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "typical_volume": 2369942.25,
        "trend": 69.862333,
        "fair_value": 49.26016,
        "relative_strength": 26.53342,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 81.929108,
        "energy": 92.126585,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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        "volume": 1675375,
        "typical_volume": 2337290.55,
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        "fair_value": 49.640288,
        "relative_strength": 24.641316,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
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        "energy": 89.982449,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 95.79,
        "volume": 1670156,
        "typical_volume": 2349873.5,
        "trend": 72.179667,
        "fair_value": 50.020673,
        "relative_strength": 22.336587,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.7402,
        "energy": 87.579083,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 97.085,
        "volume": 3879690,
        "typical_volume": 2443417.2,
        "trend": 73.267167,
        "fair_value": 50.401795,
        "relative_strength": 28.827898,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 71.845676,
        "energy": 74.370348,
        "activity_lines": [
          96.179,
          92.388182,
          84.372857,
          79.22114
        ]
      },
      {
        "date": "2026-07-24",
        "close": 94.86,
        "volume": 2454028,
        "typical_volume": 2389577.0,
        "trend": 74.3115,
        "fair_value": 50.779423,
        "relative_strength": 27.277023,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.900525,
        "energy": 62.22314,
        "activity_lines": [
          95.811333,
          93.551,
          86.056405,
          80.614226
        ]
      },
      {
        "date": "2026-07-31",
        "close": 115.35,
        "volume": 5397382,
        "typical_volume": 2565556.55,
        "trend": 76.076833,
        "fair_value": 51.327692,
        "relative_strength": 52.696979,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 93.253872,
        "energy": 74.495773,
        "activity_lines": [
          102.309667,
          98.175273,
          89.53919,
          83.261871
        ]
      },
      {
        "date": "2026-08-07",
        "close": 110.2,
        "volume": 2192466,
        "typical_volume": 2533875.25,
        "trend": 77.717167,
        "fair_value": 51.841987,
        "relative_strength": 37.782381,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 79.908426,
        "energy": 70.531714,
        "activity_lines": [
          105.796,
          101.156091,
          92.289833,
          85.463366
        ]
      }
    ],
    "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."
    }
  }
}