{
  "ticker": {
    "uuid": "1990d230-78b3-4303-9c58-b1478d09abca",
    "symbol": "WINA",
    "name": "Winmark Corporation",
    "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": 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": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -57.352,
    "architecture_energy": 64.587,
    "architecture_maturity": 11.453,
    "architecture_confidence": 82.123,
    "architecture_tenure": "New",
    "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": 22.38,
        "rotation_up": 12.15,
        "upward_expansion": 16.59,
        "deceleration": 34.65,
        "rotation_down": 69.14,
        "downward_expansion": 87.59
      },
      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.5
    },
    "latest_close": 368.12,
    "trend_reference": 405.936594,
    "distance_from_trend": -0.093159,
    "trend_direction": "Weakening",
    "fair_value": 377.587595,
    "distance_from_fair_value": -0.025074,
    "fair_value_direction": "Weakening",
    "relative_strength": -23.268489,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.182638,
    "excess_performance": -0.370091,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.093159,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.026201,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.025074,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.024022,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.232685,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.029938,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.182638,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.730115,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 227163,
      "relative_activity": 0.889865,
      "balance": 1.730115,
      "dry_up": 0.971042,
      "accumulation_observations": 1,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.098028,
      "annualized_volatility": 0.440515,
      "from_high_reference": -0.279872,
      "from_low_reference": 0.132453
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    "levels": {
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      "fair_value_reference": 377.587595,
      "structural_low": 325.0643,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
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    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 12,
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        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
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        "regime_survival": 0.583333,
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        "worst_return": -0.041358,
        "sufficient": true
      },
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        "horizon": "Intermediate",
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        "sufficient": true
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      },
      {
        "date": "2026-04-24",
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      },
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        "date": "2026-05-01",
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      },
      {
        "date": "2026-05-08",
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        "typical_volume": 389025.25,
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        "date": "2026-05-15",
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      },
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        "date": "2026-05-22",
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        "date": "2026-05-29",
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        "date": "2026-06-05",
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        "date": "2026-06-12",
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        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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        "relative_strength": -12.019135,
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 295725.75,
        "trend": 413.145796,
        "fair_value": 377.110852,
        "relative_strength": -21.236672,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
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        "direction": -18.700957,
        "energy": 16.531245,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
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        "volume": 294365,
        "typical_volume": 288245.3,
        "trend": 412.581213,
        "fair_value": 377.440559,
        "relative_strength": -17.035777,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -19.992954,
        "energy": 13.71762,
        "activity_lines": [
          399.456667,
          396.431273,
          393.653139,
          402.570429
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      },
      {
        "date": "2026-07-24",
        "close": 332.52,
        "volume": 245574,
        "typical_volume": 275746.7,
        "trend": 410.060492,
        "fair_value": 377.421359,
        "relative_strength": -27.409678,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -70.755053,
        "energy": 46.840162,
        "activity_lines": [
          375.872667,
          386.177091,
          387.292368,
          397.405189
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      },
      {
        "date": "2026-07-31",
        "close": 333.5,
        "volume": 224440,
        "typical_volume": 259845.2,
        "trend": 407.858971,
        "fair_value": 377.411075,
        "relative_strength": -27.248916,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -72.158583,
        "energy": 70.578094,
        "activity_lines": [
          357.136667,
          376.440364,
          381.480076,
          392.465803
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      },
      {
        "date": "2026-08-07",
        "close": 368.12,
        "volume": 227163,
        "typical_volume": 255277.95,
        "trend": 405.936594,
        "fair_value": 377.587595,
        "relative_strength": -23.268489,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.351923,
        "energy": 64.587312,
        "activity_lines": [
          355.586667,
          373.568364,
          379.511175,
          389.901998
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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."
    }
  }
}