{
  "ticker": {
    "uuid": "120a4145-d528-4ebc-8bc8-b9e4ec1f0564",
    "symbol": "APLE",
    "name": "Apple Hospitality REIT 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": 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": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 52.768,
    "architecture_energy": 54.992,
    "architecture_maturity": 100.0,
    "architecture_confidence": 67.61,
    "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": 16.79,
        "rotation_up": 46.82,
        "upward_expansion": 72.15,
        "deceleration": 65.48,
        "rotation_down": 27.53,
        "downward_expansion": 22.15
      },
      "activity_lines": [
        16.467009,
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        15.713248,
        14.830104
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 16.18,
    "trend_reference": 13.765963,
    "distance_from_trend": 0.175363,
    "trend_direction": "Improving",
    "fair_value": 12.800145,
    "distance_from_fair_value": 0.264048,
    "fair_value_direction": "Improving",
    "relative_strength": 13.240828,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.36398,
    "excess_performance": 0.238356,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.175363,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.135503,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.264048,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.144508,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.132408,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.059114,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.36398,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.057919,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 21210789,
      "relative_activity": 1.31288,
      "balance": 1.057919,
      "dry_up": 0.988775,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.04848,
      "annualized_volatility": 0.203012,
      "from_high_reference": -0.063657,
      "from_low_reference": 0.560354
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    "levels": {
      "trend_reference": 13.765963,
      "fair_value_reference": 12.800145,
      "structural_low": 11.226819,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 24,
        "median_return": -0.000441,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.000195,
        "regime_survival": 0.75,
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        "worst_return": -0.153022,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "regime_survival": 0.5,
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        "worst_return": -0.114181,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
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        "regime_survival": 0.333333,
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        "sufficient": true
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      {
        "horizon": "Full cycle",
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        "regime": "deceleration",
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      {
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      },
      {
        "date": "2026-07-17",
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      },
      {
        "date": "2026-07-24",
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        "volume": 12356683,
        "typical_volume": 15603303.7,
        "trend": 13.468826,
        "fair_value": 12.747234,
        "relative_strength": 23.26039,
        "stage": 2,
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        "modifier": "Established expansion",
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        "energy": 65.929958,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 16.51,
        "volume": 18376406,
        "typical_volume": 15851734.4,
        "trend": 13.629677,
        "fair_value": 12.774485,
        "relative_strength": 20.044563,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.838241,
        "energy": 62.856878,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 16.18,
        "volume": 21210789,
        "typical_volume": 16155924.7,
        "trend": 13.765963,
        "fair_value": 12.800145,
        "relative_strength": 13.240828,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 52.76828,
        "energy": 54.992028,
        "activity_lines": [
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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."
    }
  }
}