{ "ticker": { "uuid": "0249aea3-6f4a-4ff7-8353-e0c8b3a7e8c3", "symbol": "TNL", "name": "Travel + Leisure Co", "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": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 52.121, "architecture_energy": 32.548, "architecture_maturity": 28.29, "architecture_confidence": 62.954, "architecture_tenure": "Developing", "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": 37.91, "rotation_up": 45.18, "upward_expansion": 64.83, "deceleration": 58.13, "rotation_down": 21.0, "downward_expansion": 14.83 }, "activity_lines": [ 75.368, 75.392624, 72.983213, 72.069896 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 76.7, "trend_reference": 71.216388, "distance_from_trend": 0.076999, "trend_direction": "Improving", "fair_value": 51.041399, "distance_from_fair_value": 0.502702, "fair_value_direction": "Improving", "relative_strength": 0.759026, "relative_strength_direction": "Improving", "price_momentum": 0.061911, "excess_performance": -0.063714, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.076999, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.035965, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.502702, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.141234, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.00759, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.078215, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.061911, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.924795, "read": "Demand-led" } ], "volume": { "latest": 3671767, "relative_activity": 0.903021, "balance": 2.924795, "dry_up": 1.10628, "accumulation_observations": 4, "distribution_observations": 0 }, "risk": { "range_context": 0.054616, "annualized_volatility": 0.344881, "from_high_reference": -0.037069, "from_low_reference": 0.37277 }, "levels": { "trend_reference": 71.216388, "fair_value_reference": 51.041399, "structural_low": 60.74831, "invalidation": 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"activity_lines": [ 75.952, 73.571219, 71.364246, 71.014871 ] }, { "date": "2026-07-17", "close": 73.27, "volume": 3455018, "typical_volume": 3855727.95, "trend": 70.853336, "fair_value": 50.2708, "relative_strength": 0.567107, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.996279, "energy": 47.097864, "activity_lines": [ 75.060667, 73.980758, 71.62143, 71.175964 ] }, { "date": "2026-07-24", "close": 74.05, "volume": 6082031, "typical_volume": 4000389.6, "trend": 70.94389, "fair_value": 50.518192, "relative_strength": 2.171921, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.431831, "energy": 33.134037, "activity_lines": [ 74.486667, 74.386331, 71.949109, 71.382201 ] }, { "date": "2026-07-31", "close": 76.02, "volume": 4784130, "typical_volume": 4064355.6, "trend": 71.116827, "fair_value": 50.783146, "relative_strength": 3.551356, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.312291, "energy": 29.204239, "activity_lines": [ 74.746667, 74.931503, 72.454327, 71.709692 ] }, { "date": "2026-08-07", "close": 76.7, "volume": 3671767, "typical_volume": 4066092.75, "trend": 71.216388, "fair_value": 51.041399, "relative_strength": 0.759026, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.121076, "energy": 32.547791, "activity_lines": [ 75.368, 75.392624, 72.983213, 72.069896 ] } ], "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." } } }