{
  "ticker": {
    "uuid": "175ad4d3-e243-467c-b155-738adf1bbd67",
    "symbol": "AIRTP",
    "name": "Air T Inc PR",
    "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": "3c",
    "phase_label": "Stage 3C \u00b7 Breakdown watch",
    "transition": "stage_3_to_4_watch",
    "transition_label": "Stage 3 \u2192 4 watch",
    "confidence": 85.988,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "mixed",
    "architecture_direction": -6.994,
    "architecture_energy": 8.167,
    "architecture_maturity": 32.33,
    "architecture_confidence": 42.588,
    "architecture_tenure": "Established",
    "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": 63.87,
        "rotation_up": 21.37,
        "upward_expansion": 19.53,
        "deceleration": 63.51,
        "rotation_down": 44.62,
        "downward_expansion": 33.19
      },
      "activity_lines": [
        19.079333,
        19.175636,
        19.15057,
        19.119362
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.333333
    },
    "latest_close": 19.02,
    "trend_reference": 19.130451,
    "distance_from_trend": -0.005774,
    "trend_direction": "Improving",
    "fair_value": 15.890891,
    "distance_from_fair_value": 0.196912,
    "fair_value_direction": "Weakening",
    "relative_strength": -11.085733,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.016609,
    "excess_performance": -0.204062,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.005774,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.011896,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.196912,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.050724,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.110857,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.018985,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.016609,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.755255,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 33140,
      "relative_activity": 2.868916,
      "balance": 0.755255,
      "dry_up": 2.082388,
      "accumulation_observations": 2,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.039881,
      "annualized_volatility": 0.113232,
      "from_high_reference": -0.061667,
      "from_low_reference": 0.167985
    },
    "levels": {
      "trend_reference": 19.130451,
      "fair_value_reference": 15.890891,
      "structural_low": 17.647274,
      "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": 27,
        "median_return": 0.015738,
        "positive_rate": 0.62963,
        "directional_follow_through": 0.62963,
        "median_excess_return": -0.008296,
        "regime_survival": 0.666667,
        "best_return": 0.092678,
        "worst_return": -0.107532,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
        "median_return": 0.026967,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": 0.023513,
        "regime_survival": 0.4,
        "best_return": 0.094554,
        "worst_return": -0.078181,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": 0.019587,
        "positive_rate": 0.833333,
        "directional_follow_through": 0.833333,
        "median_excess_return": -0.036875,
        "regime_survival": 0.0,
        "best_return": 0.134157,
        "worst_return": -0.198544,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": -0.007376,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.042923,
        "regime_survival": 0.25,
        "best_return": 0.318226,
        "worst_return": -0.058495,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-09-01",
        "end": "2023-09-22",
        "tenure": "New",
        "return": -0.008969,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2023-09-29",
        "end": "2023-11-03",
        "tenure": "Developing",
        "return": -0.01269,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2023-11-10",
        "end": "2024-02-02",
        "tenure": "Established",
        "return": -0.068941,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-02-09",
        "end": "2024-07-12",
        "tenure": "Established",
        "return": -0.045277,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-07-19",
        "end": "2024-09-06",
        "tenure": "Developing",
        "return": -0.011778,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-09-13",
        "end": "2024-11-08",
        "tenure": "Developing",
        "return": 0.022792,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-11-15",
        "end": "2025-01-24",
        "tenure": "Developing",
        "return": -0.017806,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-01-31",
        "end": "2025-02-28",
        "tenure": "Developing",
        "return": 0.037894,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-03-07",
        "end": "2025-04-04",
        "tenure": "Developing",
        "return": -0.065658,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-04-11",
        "end": "2025-05-09",
        "tenure": "Developing",
        "return": 0.064085,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2026-03-13",
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        "return": 0.242221,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2026-04-17",
        "tenure": "Developing",
        "return": -0.036485,
        "active": false
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      {
        "regime": "rotation_down",
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        "end": "2026-05-08",
        "tenure": "New",
        "return": 0.051106,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "return": -0.01092,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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        "modifier": "Supply rotation",
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      },
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        "date": "2026-05-01",
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      },
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        "date": "2026-05-08",
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        "date": "2026-05-15",
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        "typical_volume": 15982.55,
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        "relative_strength": -9.779701,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
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        "energy": 22.695591,
        "activity_lines": [
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        "date": "2026-05-22",
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        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
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        "energy": 28.624564,
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      },
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        "date": "2026-05-29",
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        "date": "2026-06-05",
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        "energy": 40.596732,
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      },
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        "date": "2026-06-12",
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        "relative_strength": -12.497787,
        "stage": 3,
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        "regime": "balance",
        "modifier": "Balance after decline",
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        "energy": 20.416681,
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      },
      {
        "date": "2026-07-03",
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        "fair_value": 15.796585,
        "relative_strength": -7.847585,
        "stage": 3,
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        "energy": 23.96553,
        "activity_lines": [
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      },
      {
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        "volume": 14062,
        "typical_volume": 7379.8,
        "trend": 19.077965,
        "fair_value": 15.820712,
        "relative_strength": -10.277939,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
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        "direction": 47.391579,
        "energy": 29.849815,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 18.99,
        "volume": 23836,
        "typical_volume": 8331.0,
        "trend": 19.092789,
        "fair_value": 15.841436,
        "relative_strength": -8.134011,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 38.396749,
        "energy": 20.493152,
        "activity_lines": [
          19.280667,
          19.265455,
          19.137303,
          19.122929
        ]
      },
      {
        "date": "2026-07-24",
        "close": 19.25,
        "volume": 12723,
        "typical_volume": 8768.5,
        "trend": 19.111205,
        "fair_value": 15.858609,
        "relative_strength": -5.218757,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 33.004936,
        "energy": 14.605824,
        "activity_lines": [
          19.259,
          19.263455,
          19.156973,
          19.133071
        ]
      },
      {
        "date": "2026-07-31",
        "close": 19.0,
        "volume": 26519,
        "typical_volume": 10044.1,
        "trend": 19.121287,
        "fair_value": 15.874058,
        "relative_strength": -6.82468,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 23.083051,
        "energy": 11.362012,
        "activity_lines": [
          19.149333,
          19.215636,
          19.152421,
          19.125897
        ]
      },
      {
        "date": "2026-08-07",
        "close": 19.02,
        "volume": 33140,
        "typical_volume": 11551.4,
        "trend": 19.130451,
        "fair_value": 15.890891,
        "relative_strength": -11.085733,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -6.994461,
        "energy": 8.166669,
        "activity_lines": [
          19.079333,
          19.175636,
          19.15057,
          19.119362
        ]
      }
    ],
    "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."
    }
  }
}