{
  "ticker": {
    "uuid": "230487b5-cdda-4cd2-89ff-85dabf42e447",
    "symbol": "KRC",
    "name": "Kilroy Realty Corp",
    "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": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 50.38,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 61.385,
    "architecture_energy": 50.494,
    "architecture_maturity": 35.061,
    "architecture_confidence": 65.67,
    "architecture_tenure": "New",
    "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": 15.68,
        "rotation_up": 53.21,
        "upward_expansion": 81.35,
        "deceleration": 64.51,
        "rotation_down": 24.7,
        "downward_expansion": 8.02
      },
      "activity_lines": [
        38.819333,
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        35.25706
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 37.97,
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    "distance_from_trend": 0.121725,
    "trend_direction": "Weakening",
    "fair_value": 33.356941,
    "distance_from_fair_value": 0.138294,
    "fair_value_direction": "Improving",
    "relative_strength": -6.845876,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.105624,
    "excess_performance": -0.020001,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.121725,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.009465,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.138294,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.078238,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.068459,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.066004,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.105624,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.944349,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 5392424,
      "relative_activity": 0.641466,
      "balance": 0.944349,
      "dry_up": 0.799947,
      "accumulation_observations": 1,
      "distribution_observations": 1
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    "risk": {
      "range_context": 0.063816,
      "annualized_volatility": 0.31778,
      "from_high_reference": -0.117083,
      "from_low_reference": 0.391972
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    "levels": {
      "trend_reference": 33.849663,
      "fair_value_reference": 33.356941,
      "structural_low": 27.277843,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
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    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 16,
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        "positive_rate": 0.3125,
        "directional_follow_through": 0.3125,
        "median_excess_return": -0.027061,
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        "sufficient": true
      },
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        "horizon": "Intermediate",
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        "horizon": "Extended",
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        "horizon": "Full cycle",
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      },
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      },
      {
        "date": "2026-07-03",
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      },
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      },
      {
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        "fair_value": 33.203211,
        "relative_strength": 2.138946,
        "stage": 1,
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        "modifier": "Early expansion",
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        "direction": 80.629838,
        "energy": 84.620567,
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      },
      {
        "date": "2026-07-24",
        "close": 39.42,
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        "typical_volume": 8675892.85,
        "trend": 33.836909,
        "fair_value": 33.26301,
        "relative_strength": 0.727132,
        "stage": 3,
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        "modifier": "Early expansion",
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        "direction": 68.61513,
        "energy": 75.946639,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 38.82,
        "volume": 9058831,
        "typical_volume": 8643374.1,
        "trend": 33.88738,
        "fair_value": 33.31289,
        "relative_strength": -1.710256,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.359792,
        "energy": 56.077767,
        "activity_lines": [
          39.243333,
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      },
      {
        "date": "2026-08-07",
        "close": 37.97,
        "volume": 5392424,
        "typical_volume": 8406403.9,
        "trend": 33.849663,
        "fair_value": 33.356941,
        "relative_strength": -6.845876,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 61.384665,
        "energy": 50.494494,
        "activity_lines": [
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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."
    }
  }
}