{
  "ticker": {
    "uuid": "016605aa-c28f-4cab-9d77-5130083c62ff",
    "symbol": "DAKT",
    "name": "Daktronics 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": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 64.338,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Upper balance after advance",
    "architecture_gate": "down",
    "architecture_direction": -8.092,
    "architecture_energy": 4.995,
    "architecture_maturity": 23.85,
    "architecture_confidence": 51.148,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 59.79,
        "rotation_up": 21.38,
        "upward_expansion": 24.45,
        "deceleration": 44.07,
        "rotation_down": 34.13,
        "downward_expansion": 53.45
      },
      "activity_lines": [
        20.188667,
        20.02,
        19.976,
        20.330699
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.5
    },
    "latest_close": 21.43,
    "trend_reference": 21.101167,
    "distance_from_trend": 0.015584,
    "trend_direction": "Improving",
    "fair_value": 14.997115,
    "distance_from_fair_value": 0.428941,
    "fair_value_direction": "Weakening",
    "relative_strength": -7.803239,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.156631,
    "excess_performance": -0.344085,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.015584,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.017014,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.428941,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.04895,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.078032,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.027877,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.156631,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.817162,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 2403273,
      "relative_activity": 1.197039,
      "balance": 1.817162,
      "dry_up": 1.111942,
      "accumulation_observations": 5,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.080539,
      "annualized_volatility": 0.405044,
      "from_high_reference": -0.241923,
      "from_low_reference": 0.374599
    },
    "levels": {
      "trend_reference": 21.101167,
      "fair_value_reference": 14.997115,
      "structural_low": 18.84,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 4,
        "median_return": 0.021995,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.016672,
        "regime_survival": 0.5,
        "best_return": 0.26875,
        "worst_return": -0.078998,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": 0.400977,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.277882,
        "regime_survival": 0.0,
        "best_return": 0.703125,
        "worst_return": 0.09883,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": 0.673913,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.426889,
        "regime_survival": 0.0,
        "best_return": 1.178125,
        "worst_return": 0.169701,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.856498,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.399258,
        "regime_survival": 0.0,
        "best_return": 1.39375,
        "worst_return": 0.319246,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-09-13",
        "end": "2024-11-22",
        "tenure": "Developing",
        "return": 0.184713,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-11-29",
        "end": "2025-01-10",
        "tenure": "Developing",
        "return": 0.044805,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-03-07",
        "tenure": "Developing",
        "return": -0.236779,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2025-04-11",
        "tenure": "Developing",
        "return": -0.031447,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-18",
        "end": "2025-05-16",
        "tenure": "Developing",
        "return": 0.217164,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-07-04",
        "tenure": "Developing",
        "return": 0.09883,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-08-01",
        "tenure": "New",
        "return": -0.001861,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-10-17",
        "tenure": "Developing",
        "return": 0.15,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-10-24",
        "end": "2026-01-16",
        "tenure": "Established",
        "return": 0.062194,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "return": -0.064389,
        "active": false
      },
      {
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        "tenure": "New",
        "return": -0.012897,
        "active": false
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      {
        "regime": "rotation_down",
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        "active": false
      },
      {
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        "return": 0.030457,
        "active": false
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      {
        "regime": "balance",
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        "return": 0.032274,
        "active": true
      }
    ],
    "chart_path": [
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      },
      {
        "date": "2026-07-17",
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        "volume": 2523001,
        "typical_volume": 2274626.3,
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        "fair_value": 14.752436,
        "relative_strength": -14.541892,
        "stage": 3,
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        "modifier": "Upper balance after advance",
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        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
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        "volume": 2159209,
        "typical_volume": 2175196.25,
        "trend": 21.0825,
        "fair_value": 14.832308,
        "relative_strength": -11.465566,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -51.614509,
        "energy": 31.745553,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 19.77,
        "volume": 1844222,
        "typical_volume": 2065487.95,
        "trend": 21.080167,
        "fair_value": 14.910705,
        "relative_strength": -10.616117,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -49.926717,
        "energy": 27.365175,
        "activity_lines": [
          19.592,
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          20.308129
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      },
      {
        "date": "2026-08-07",
        "close": 21.43,
        "volume": 2403273,
        "typical_volume": 2007681.95,
        "trend": 21.101167,
        "fair_value": 14.997115,
        "relative_strength": -7.803239,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -8.092257,
        "energy": 4.995276,
        "activity_lines": [
          20.188667,
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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."
    }
  }
}