{
  "ticker": {
    "uuid": "17889ebd-d922-455b-b489-6da0f6cfeba6",
    "symbol": "LEN-B",
    "name": "Lennar Corporation",
    "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": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -54.455,
    "architecture_energy": 37.943,
    "architecture_maturity": 64.05,
    "architecture_confidence": 91.497,
    "architecture_tenure": "Extended",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 26.32,
        "rotation_up": 16.96,
        "upward_expansion": 4.77,
        "deceleration": 46.89,
        "rotation_down": 57.82,
        "downward_expansion": 80.44
      },
      "activity_lines": [
        83.39,
        84.434386,
        85.459164,
        87.217968
      ],
      "activity_state": "Compressed",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.833333
    },
    "latest_close": 86.48,
    "trend_reference": 91.090936,
    "distance_from_trend": -0.050619,
    "trend_direction": "Weakening",
    "fair_value": 115.611308,
    "distance_from_fair_value": -0.251976,
    "fair_value_direction": "Improving",
    "relative_strength": -24.636992,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.184861,
    "excess_performance": -0.310486,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.050619,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.077697,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.251976,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.010182,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.24637,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.036064,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.184861,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.902623,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 378818,
      "relative_activity": 1.069779,
      "balance": 0.902623,
      "dry_up": 1.039193,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.071027,
      "annualized_volatility": 0.333484,
      "from_high_reference": -0.361327,
      "from_low_reference": 0.108434
    },
    "levels": {
      "trend_reference": 91.090936,
      "fair_value_reference": 115.611308,
      "structural_low": 78.02,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 22,
        "median_return": -0.013832,
        "positive_rate": 0.454545,
        "directional_follow_through": 0.545455,
        "median_excess_return": -0.025777,
        "regime_survival": 0.863636,
        "best_return": 0.179477,
        "worst_return": -0.21453,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": -0.083556,
        "positive_rate": 0.285714,
        "directional_follow_through": 0.714286,
        "median_excess_return": -0.107075,
        "regime_survival": 0.571429,
        "best_return": 0.264261,
        "worst_return": -0.223523,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.163385,
        "positive_rate": 0.25,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.157997,
        "regime_survival": 0.25,
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        "worst_return": -0.225514,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.031834,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.077441,
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        "best_return": 0.089239,
        "worst_return": -0.152908,
        "sufficient": false
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    ],
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        "regime": "upward_expansion",
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        "color": "green",
        "start": "2023-12-08",
        "end": "2024-04-19",
        "tenure": "Established",
        "return": 0.052239,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-04-26",
        "end": "2024-05-17",
        "tenure": "New",
        "return": 0.079367,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "tenure": "New",
        "return": 0.010641,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2024-07-26",
        "tenure": "Developing",
        "return": 0.177377,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "end": "2024-12-13",
        "tenure": "Developing",
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      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-12-20",
        "end": "2025-01-10",
        "tenure": "New",
        "return": -0.069038,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-17",
        "end": "2025-07-04",
        "tenure": "Established",
        "return": -0.168889,
        "active": false
      },
      {
        "regime": "balance",
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        "tenure": "Developing",
        "return": 0.065091,
        "active": false
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "return": 0.013467,
        "active": false
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        "regime": "upward_expansion",
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      {
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        "modifier": "Established contraction",
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        "energy": 59.89173,
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      },
      {
        "date": "2026-04-24",
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        "date": "2026-05-01",
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        "date": "2026-05-08",
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        "date": "2026-05-15",
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        "energy": 52.674421,
        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "relative_strength": -27.306374,
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      },
      {
        "date": "2026-05-29",
        "close": 88.08,
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        "typical_volume": 331139.5,
        "trend": 98.764691,
        "fair_value": 116.607929,
        "relative_strength": -26.832996,
        "stage": 4,
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      },
      {
        "date": "2026-06-05",
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 339636.25,
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        "relative_strength": -24.49489,
        "stage": 4,
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "relative_strength": -28.688932,
        "stage": 4,
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      },
      {
        "date": "2026-07-17",
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        "volume": 263337,
        "typical_volume": 346434.05,
        "trend": 92.694659,
        "fair_value": 115.998819,
        "relative_strength": -27.397174,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.746663,
        "energy": 37.622046,
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          84.527257,
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          86.331174,
          88.935342
        ]
      },
      {
        "date": "2026-07-24",
        "close": 82.92,
        "volume": 433381,
        "typical_volume": 352851.3,
        "trend": 92.244524,
        "fair_value": 115.85551,
        "relative_strength": -25.728817,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.04216,
        "energy": 50.778861,
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          83.585196,
          85.295634,
          85.947386,
          88.304719
        ]
      },
      {
        "date": "2026-07-31",
        "close": 80.7,
        "volume": 396412,
        "typical_volume": 354687.85,
        "trend": 91.780117,
        "fair_value": 115.706587,
        "relative_strength": -27.852884,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.854312,
        "energy": 58.991079,
        "activity_lines": [
          82.169374,
          84.28392,
          85.40767,
          87.559911
        ]
      },
      {
        "date": "2026-08-07",
        "close": 86.48,
        "volume": 378818,
        "typical_volume": 354108.55,
        "trend": 91.090936,
        "fair_value": 115.611308,
        "relative_strength": -24.636992,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -54.45487,
        "energy": 37.9433,
        "activity_lines": [
          83.39,
          84.434386,
          85.459164,
          87.217968
        ]
      }
    ],
    "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."
    }
  }
}