{
  "ticker": {
    "uuid": "1dcfcb34-0c9f-4e99-ac55-222246769cd0",
    "symbol": "BRT",
    "name": "BRT Realty Trust",
    "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": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 78.123,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 29.732,
    "architecture_energy": 15.825,
    "architecture_maturity": 22.251,
    "architecture_confidence": 75.746,
    "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": 46.84,
        "rotation_up": 28.02,
        "upward_expansion": 58.15,
        "deceleration": 88.12,
        "rotation_down": 25.69,
        "downward_expansion": 15.15
      },
      "activity_lines": [
        14.754,
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        14.661922,
        14.500781
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.0
    },
    "latest_close": 14.41,
    "trend_reference": 14.387804,
    "distance_from_trend": 0.001543,
    "trend_direction": "Improving",
    "fair_value": 15.166566,
    "distance_from_fair_value": -0.049884,
    "fair_value_direction": "Improving",
    "relative_strength": -11.212268,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.006583,
    "excess_performance": -0.132207,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.001543,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.015168,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.049884,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.008029,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.112123,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.003006,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.006583,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.252477,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 318332,
      "relative_activity": 1.49403,
      "balance": 1.252477,
      "dry_up": 0.888601,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.055,
      "annualized_volatility": 0.192082,
      "from_high_reference": -0.090766,
      "from_low_reference": 0.093489
    },
    "levels": {
      "trend_reference": 14.387804,
      "fair_value_reference": 15.166566,
      "structural_low": 13.178,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 1,
        "median_return": 0.018222,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.064515,
        "regime_survival": 0.0,
        "best_return": 0.018222,
        "worst_return": 0.018222,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 1,
        "median_return": -0.076943,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.008208,
        "regime_survival": 0.0,
        "best_return": -0.076943,
        "worst_return": -0.076943,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 1,
        "median_return": 0.150869,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.174029,
        "regime_survival": 0.0,
        "best_return": 0.150869,
        "worst_return": 0.150869,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": -0.014226,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.044307,
        "regime_survival": 0.0,
        "best_return": -0.014226,
        "worst_return": -0.014226,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
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        "end": "2024-11-22",
        "tenure": "Developing",
        "return": 0.110665,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "tenure": "Developing",
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      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-01-03",
        "end": "2025-04-11",
        "tenure": "Established",
        "return": -0.125425,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-18",
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        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-09-19",
        "tenure": "New",
        "return": 0.01125,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "end": "2025-10-03",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2026-01-09",
        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "end": "2026-03-20",
        "tenure": "Developing",
        "return": -0.100466,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "tenure": "Developing",
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        "active": false
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      {
        "regime": "balance",
        "label": "Balance",
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        "end": "2026-06-12",
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        "active": false
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      {
        "regime": "rotation_up",
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      {
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      {
        "regime": "deceleration",
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        "active": true
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        "typical_volume": 239613.7,
        "trend": 14.214232,
        "fair_value": 15.304005,
        "relative_strength": -12.151832,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -30.395352,
        "energy": 17.218901,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-01",
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        "typical_volume": 235295.4,
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        "fair_value": 15.301392,
        "relative_strength": -11.678474,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -23.921688,
        "energy": 18.362899,
        "activity_lines": [
          14.111117,
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        ]
      },
      {
        "date": "2026-05-08",
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        "typical_volume": 221694.6,
        "trend": 14.188602,
        "fair_value": 15.301142,
        "relative_strength": -11.51289,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 6.141863,
        "energy": 13.678125,
        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 215913.25,
        "trend": 14.177248,
        "fair_value": 15.295126,
        "relative_strength": -13.51782,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -4.286012,
        "energy": 7.359494,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-22",
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        "typical_volume": 212617.7,
        "trend": 14.170872,
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        "relative_strength": -12.326156,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 10.34694,
        "energy": 9.774023,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-29",
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        "typical_volume": 204748.15,
        "trend": 14.172832,
        "fair_value": 15.277703,
        "relative_strength": -13.329123,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 8.933006,
        "energy": 9.366084,
        "activity_lines": [
          14.231466,
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        ]
      },
      {
        "date": "2026-06-05",
        "close": 14.395348,
        "volume": 123986,
        "typical_volume": 203292.15,
        "trend": 14.181958,
        "fair_value": 15.265237,
        "relative_strength": -9.725719,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 14.027477,
        "energy": 10.545016,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
        "close": 14.84766,
        "volume": 161515,
        "typical_volume": 204171.6,
        "trend": 14.20777,
        "fair_value": 15.254012,
        "relative_strength": -7.019964,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 27.081956,
        "energy": 30.66326,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
        "close": 14.64117,
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        "typical_volume": 203844.65,
        "trend": 14.234093,
        "fair_value": 15.244352,
        "relative_strength": -8.708765,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 28.347119,
        "energy": 36.746735,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-06-26",
        "close": 15.63,
        "volume": 411801,
        "typical_volume": 213877.25,
        "trend": 14.284375,
        "fair_value": 15.237237,
        "relative_strength": 0.116388,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 81.107546,
        "energy": 70.339829,
        "activity_lines": [
          14.953081,
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        ]
      },
      {
        "date": "2026-07-03",
        "close": 14.78,
        "volume": 227343,
        "typical_volume": 219166.9,
        "trend": 14.311146,
        "fair_value": 15.223102,
        "relative_strength": -6.916431,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 59.448652,
        "energy": 60.874488,
        "activity_lines": [
          14.962279,
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        ]
      },
      {
        "date": "2026-07-10",
        "close": 14.85,
        "volume": 183258,
        "typical_volume": 222618.8,
        "trend": 14.321924,
        "fair_value": 15.207898,
        "relative_strength": -7.365841,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 56.557814,
        "energy": 52.595248,
        "activity_lines": [
          14.959333,
          14.772029,
          14.478599,
          14.385384
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      },
      {
        "date": "2026-07-17",
        "close": 14.9,
        "volume": 131827,
        "typical_volume": 224694.7,
        "trend": 14.344014,
        "fair_value": 15.193773,
        "relative_strength": -5.314325,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 54.507489,
        "energy": 45.832436,
        "activity_lines": [
          14.942745,
          14.824109,
          14.538267,
          14.422679
        ]
      },
      {
        "date": "2026-07-24",
        "close": 14.99,
        "volume": 155078,
        "typical_volume": 224020.85,
        "trend": 14.365726,
        "fair_value": 15.186458,
        "relative_strength": -3.900373,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 52.532352,
        "energy": 30.50627,
        "activity_lines": [
          14.952667,
          14.883735,
          14.604113,
          14.464355
        ]
      },
      {
        "date": "2026-07-31",
        "close": 14.91,
        "volume": 152097,
        "typical_volume": 221661.85,
        "trend": 14.389678,
        "fair_value": 15.177654,
        "relative_strength": -5.237047,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 48.591587,
        "energy": 27.318756,
        "activity_lines": [
          14.912667,
          14.911567,
          14.659333,
          14.49947
        ]
      },
      {
        "date": "2026-08-07",
        "close": 14.41,
        "volume": 318332,
        "typical_volume": 213069.3,
        "trend": 14.387804,
        "fair_value": 15.166566,
        "relative_strength": -11.212268,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 29.732223,
        "energy": 15.825376,
        "activity_lines": [
          14.754,
          14.837167,
          14.661922,
          14.500781
        ]
      }
    ],
    "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."
    }
  }
}