{ "ticker": { "uuid": "0ba8532e-24c8-4434-9cc7-8eb6a9fdb012", "symbol": "BRO", "name": "Brown & Brown 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": 96.0, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Emerging rotation", "architecture_gate": "mixed", "architecture_direction": 34.98, "architecture_energy": 51.746, "architecture_maturity": 12.105, "architecture_confidence": 65.284, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 29.2, "rotation_up": 70.36, "upward_expansion": 53.87, "deceleration": 18.25, "rotation_down": 15.08, "downward_expansion": 24.21 }, "activity_lines": [ 69.872667, 68.065636, 64.71506, 64.863495 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 71.43, "trend_reference": 66.365395, "distance_from_trend": 0.076314, "trend_direction": "Weakening", "fair_value": 87.023434, "distance_from_fair_value": -0.179187, "fair_value_direction": "Improving", "relative_strength": -15.478979, "relative_strength_direction": "Improving", "price_momentum": -0.028965, "excess_performance": -0.15459, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.076314, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.064109, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.179187, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.175514, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.15479, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.263821, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.028965, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.5666, "read": "Demand-led" } ], "volume": { "latest": 10357520, "relative_activity": 0.686271, "balance": 1.5666, "dry_up": 0.969705, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.063822, "annualized_volatility": 0.350015, "from_high_reference": -0.268008, "from_low_reference": 0.327362 }, "levels": { "trend_reference": 66.365395, "fair_value_reference": 87.023434, "structural_low": 53.8135, "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": -0.059327, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": 0.018329, "regime_survival": 0.5, "best_return": -0.033474, "worst_return": -0.085179, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 1, "median_return": -0.151901, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.093933, "regime_survival": 0.0, "best_return": -0.151901, "worst_return": -0.151901, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": -0.139344, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.112592, "regime_survival": 0.0, "best_return": -0.139344, "worst_return": -0.139344, "sufficient": false }, { "horizon": "Full 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65.943333, 62.829131, 62.29038, 64.197001 ] }, { "date": "2026-07-17", "close": 69.35, "volume": 14741350, "typical_volume": 15100467.3, "trend": 67.309046, "fair_value": 87.008003, "relative_strength": -17.257797, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 32.730641, "energy": 41.291937, "activity_lines": [ 67.662, 64.411636, 62.843609, 64.30628 ] }, { "date": "2026-07-24", "close": 67.66, "volume": 15287800, "typical_volume": 15189284.9, "trend": 66.885686, "fair_value": 86.998642, "relative_strength": -17.801912, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 24.617252, "energy": 37.984843, "activity_lines": [ 68.193333, 65.449273, 63.246632, 64.328923 ] }, { "date": "2026-07-31", "close": 70.4, "volume": 18154337, "typical_volume": 15436609.85, "trend": 66.658446, "fair_value": 87.010548, "relative_strength": -14.597958, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.576091, "energy": 55.965515, "activity_lines": [ 69.067333, 66.778182, 63.937377, 64.555653 ] }, { "date": "2026-08-07", "close": 71.43, "volume": 10357520, "typical_volume": 15092472.5, "trend": 66.365395, "fair_value": 87.023434, "relative_strength": -15.478979, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 34.979861, "energy": 51.746433, "activity_lines": [ 69.872667, 68.065636, 64.71506, 64.863495 ] } ], "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." } } }