{
  "ticker": {
    "uuid": "14ae97dc-c831-4642-9701-cc2d09eef19a",
    "symbol": "FOR",
    "name": "Forestar Group 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": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 36.217,
    "architecture_energy": 20.762,
    "architecture_maturity": 53.647,
    "architecture_confidence": 81.358,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 40.94,
        "rotation_up": 27.37,
        "upward_expansion": 57.12,
        "deceleration": 88.08,
        "rotation_down": 28.51,
        "downward_expansion": 18.45
      },
      "activity_lines": [
        29.071333,
        29.544364,
        28.824571,
        28.249763
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
    },
    "latest_close": 29.64,
    "trend_reference": 27.733667,
    "distance_from_trend": 0.068737,
    "trend_direction": "Improving",
    "fair_value": 27.955897,
    "distance_from_fair_value": 0.060241,
    "fair_value_direction": "Improving",
    "relative_strength": -2.354453,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.012641,
    "excess_performance": -0.112984,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.068737,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.054485,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.060241,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.062317,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.023545,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.005334,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.012641,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.19395,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 570829,
      "relative_activity": 0.813821,
      "balance": 1.19395,
      "dry_up": 0.975164,
      "accumulation_observations": 5,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.068969,
      "annualized_volatility": 0.312729,
      "from_high_reference": -0.075483,
      "from_low_reference": 0.29943
    },
    "levels": {
      "trend_reference": 27.733667,
      "fair_value_reference": 27.955897,
      "structural_low": 23.96,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 11,
        "median_return": 0.049793,
        "positive_rate": 0.727273,
        "directional_follow_through": 0.727273,
        "median_excess_return": 0.033477,
        "regime_survival": 0.636364,
        "best_return": 0.331608,
        "worst_return": -0.126883,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": 0.186503,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.101063,
        "regime_survival": 0.0,
        "best_return": 0.44209,
        "worst_return": 0.051314,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.388178,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.168523,
        "regime_survival": 0.0,
        "best_return": 1.024011,
        "worst_return": 0.040865,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.486782,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.246017,
        "regime_survival": 0.5,
        "best_return": 1.240819,
        "worst_return": -0.267255,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-07-12",
        "end": "2024-09-20",
        "tenure": "Developing",
        "return": -0.02264,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-09-27",
        "end": "2024-11-22",
        "tenure": "Developing",
        "return": -0.107494,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-29",
        "end": "2025-07-04",
        "tenure": "Extended",
        "return": -0.272027,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-07-11",
        "end": "2025-07-25",
        "tenure": "New",
        "return": 0.110522,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-08-01",
        "end": "2025-08-15",
        "tenure": "New",
        "return": 0.074354,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-08-22",
        "end": "2025-10-03",
        "tenure": "Developing",
        "return": -0.053903,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-10-10",
        "end": "2025-12-26",
        "tenure": "Developing",
        "return": -0.017228,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-01-02",
        "end": "2026-02-13",
        "tenure": "Developing",
        "return": 0.246299,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-02-20",
        "end": "2026-03-13",
        "tenure": "New",
        "return": -0.153126,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-03-20",
        "end": "2026-04-03",
        "tenure": "New",
        "return": 0.014409,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-04-10",
        "end": "2026-04-17",
        "tenure": "New",
        "return": 0.025019,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-04-24",
        "end": "2026-06-12",
        "tenure": "Developing",
        "return": 0.038407,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-06-19",
        "end": "2026-07-31",
        "tenure": "Developing",
        "return": -0.039577,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-08-07",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.0,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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        "typical_volume": 849161.75,
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      },
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      },
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      },
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        "gate": "mixed",
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          26.61,
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        ]
      },
      {
        "date": "2026-05-01",
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        "typical_volume": 740210.45,
        "trend": 26.176,
        "fair_value": 27.498333,
        "relative_strength": -0.468033,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
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        "energy": 27.776902,
        "activity_lines": [
          27.098,
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        ]
      },
      {
        "date": "2026-05-08",
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        "fair_value": 27.547179,
        "relative_strength": -2.88787,
        "stage": 2,
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        "modifier": "Balance after decline",
        "gate": "up",
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        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-15",
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        "typical_volume": 734942.95,
        "trend": 26.263333,
        "fair_value": 27.579872,
        "relative_strength": -10.040981,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 24.497874,
        "energy": 19.081382,
        "activity_lines": [
          26.862,
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 746135.35,
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        "relative_strength": -9.503205,
        "stage": 4,
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        "modifier": "Balance after decline",
        "gate": "up",
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        "energy": 9.675955,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-29",
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        "typical_volume": 742388.7,
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        "fair_value": 27.662885,
        "relative_strength": -5.628825,
        "stage": 3,
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        "modifier": "Balance after decline",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
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        "volume": 782620,
        "typical_volume": 748940.0,
        "trend": 26.429667,
        "fair_value": 27.707115,
        "relative_strength": -0.964139,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 55.614373,
        "energy": 22.933533,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
        "close": 29.2,
        "volume": 709826,
        "typical_volume": 742621.3,
        "trend": 26.589,
        "fair_value": 27.761987,
        "relative_strength": 1.739169,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
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      },
      {
        "date": "2026-06-19",
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        "typical_volume": 716278.55,
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        "fair_value": 27.813974,
        "relative_strength": 0.877428,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
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        "energy": 65.960369,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
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        "typical_volume": 701472.05,
        "trend": 26.960333,
        "fair_value": 27.874167,
        "relative_strength": 12.014416,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 83.645891,
        "energy": 80.805361,
        "activity_lines": [
          29.891333,
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          27.647952,
          27.385505
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      },
      {
        "date": "2026-07-03",
        "close": 30.8,
        "volume": 534722,
        "typical_volume": 690901.8,
        "trend": 27.118333,
        "fair_value": 27.930513,
        "relative_strength": 5.403961,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 70.893064,
        "energy": 78.080435,
        "activity_lines": [
          30.418,
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          27.633226
        ]
      },
      {
        "date": "2026-07-10",
        "close": 30.51,
        "volume": 834579,
        "typical_volume": 699159.5,
        "trend": 27.249,
        "fair_value": 27.972564,
        "relative_strength": 2.816491,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.779109,
        "energy": 75.163099,
        "activity_lines": [
          30.626,
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          28.272952,
          27.852043
        ]
      },
      {
        "date": "2026-07-17",
        "close": 29.9,
        "volume": 503647,
        "typical_volume": 691278.35,
        "trend": 27.405333,
        "fair_value": 27.990833,
        "relative_strength": 2.089656,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.42449,
        "energy": 67.214461,
        "activity_lines": [
          30.475333,
          29.780364,
          28.509524,
          28.023075
        ]
      },
      {
        "date": "2026-07-24",
        "close": 28.32,
        "volume": 1082649,
        "typical_volume": 714417.05,
        "trend": 27.531667,
        "fair_value": 27.980192,
        "relative_strength": -2.661405,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 54.40013,
        "energy": 35.594475,
        "activity_lines": [
          29.751333,
          29.679455,
          28.59,
          28.082086
        ]
      },
      {
        "date": "2026-07-31",
        "close": 28.15,
        "volume": 578866,
        "typical_volume": 709076.75,
        "trend": 27.659333,
        "fair_value": 27.962372,
        "relative_strength": -4.144206,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 37.147373,
        "energy": 19.544169,
        "activity_lines": [
          29.036667,
          29.496727,
          28.643048,
          28.121978
        ]
      },
      {
        "date": "2026-08-07",
        "close": 29.64,
        "volume": 570829,
        "typical_volume": 701418.5,
        "trend": 27.733667,
        "fair_value": 27.955897,
        "relative_strength": -2.354453,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 36.216818,
        "energy": 20.761971,
        "activity_lines": [
          29.071333,
          29.544364,
          28.824571,
          28.249763
        ]
      }
    ],
    "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."
    }
  }
}