{
  "ticker": {
    "uuid": "1fc95944-5e95-434b-b223-801f98237ef4",
    "symbol": "KOP",
    "name": "Koppers Holdings 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": "2c",
    "phase_label": "Stage 2C \u00b7 Late advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 76.746,
    "architecture_energy": 75.629,
    "architecture_maturity": 68.0,
    "architecture_confidence": 83.933,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 0.69,
        "rotation_up": 78.28,
        "upward_expansion": 93.4,
        "deceleration": 43.71,
        "rotation_down": 13.29,
        "downward_expansion": 15.4
      },
      "activity_lines": [
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        43.279865
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 51.24,
    "trend_reference": 40.006289,
    "distance_from_trend": 0.280799,
    "trend_direction": "Improving",
    "fair_value": 36.768163,
    "distance_from_fair_value": 0.393597,
    "fair_value_direction": "Improving",
    "relative_strength": 31.682089,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.593688,
    "excess_performance": 0.468063,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.280799,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.185723,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.393597,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.167574,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.316821,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.08079,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.593688,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.854158,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1206988,
      "relative_activity": 1.418086,
      "balance": 2.854158,
      "dry_up": 1.007282,
      "accumulation_observations": 4,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.06791,
      "annualized_volatility": 0.275728,
      "from_high_reference": -0.033208,
      "from_low_reference": 1.064596
    },
    "levels": {
      "trend_reference": 40.006289,
      "fair_value_reference": 36.768163,
      "structural_low": 31.514781,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 22,
        "median_return": 0.027603,
        "positive_rate": 0.636364,
        "directional_follow_through": 0.636364,
        "median_excess_return": 0.003976,
        "regime_survival": 0.772727,
        "best_return": 0.152871,
        "worst_return": -0.207084,
        "sufficient": true
      },
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        "horizon": "Intermediate",
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        "worst_return": -0.271156,
        "sufficient": true
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        "horizon": "Extended",
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        "regime_survival": 0.25,
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        "worst_return": -0.216986,
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      {
        "horizon": "Full cycle",
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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      },
      {
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        "relative_strength": 28.297083,
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      },
      {
        "date": "2026-07-17",
        "close": 49.14,
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        "typical_volume": 988426.3,
        "trend": 37.709426,
        "fair_value": 36.526167,
        "relative_strength": 33.876814,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 79.992671,
        "energy": 81.777112,
        "activity_lines": [
          47.236,
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          41.019022
        ]
      },
      {
        "date": "2026-07-24",
        "close": 50.22,
        "volume": 797710,
        "typical_volume": 955035.95,
        "trend": 38.489213,
        "fair_value": 36.612615,
        "relative_strength": 36.900395,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 79.029599,
        "energy": 81.603378,
        "activity_lines": [
          48.525333,
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          43.941721,
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      },
      {
        "date": "2026-07-31",
        "close": 49.02,
        "volume": 645494,
        "typical_volume": 909156.15,
        "trend": 39.23829,
        "fair_value": 36.683868,
        "relative_strength": 31.453185,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.456857,
        "energy": 71.047286,
        "activity_lines": [
          48.982,
          47.248182,
          44.627042,
          42.505561
        ]
      },
      {
        "date": "2026-08-07",
        "close": 51.24,
        "volume": 1206988,
        "typical_volume": 851138.7,
        "trend": 40.006289,
        "fair_value": 36.768163,
        "relative_strength": 31.682089,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 76.745651,
        "energy": 75.628958,
        "activity_lines": [
          49.918667,
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          45.469824,
          43.279865
        ]
      }
    ],
    "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."
    }
  }
}