{ "ticker": { "uuid": "26226270-07c6-4ef6-87d9-8864de772362", "symbol": "SKT", "name": "Tanger Factory Outlet Centers 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": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "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": 58.683, "architecture_energy": 48.831, "architecture_maturity": 54.237, "architecture_confidence": 56.093, "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": 18.68, "rotation_up": 52.13, "upward_expansion": 75.66, "deceleration": 72.17, "rotation_down": 20.6, "downward_expansion": 6.99 }, "activity_lines": [ 40.418067, 40.188811, 38.900812, 37.892857 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 39.31, "trend_reference": 36.521343, "distance_from_trend": 0.076357, "trend_direction": "Improving", "fair_value": 30.063652, "distance_from_fair_value": 0.307559, "fair_value_direction": "Improving", "relative_strength": 0.465439, "relative_strength_direction": "Improving", "price_momentum": 0.181559, "excess_performance": 0.055934, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.076357, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.065756, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.307559, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.03034, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.004654, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.012465, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.181559, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.418622, "read": "Demand-led" } ], "volume": { "latest": 5856011, "relative_activity": 1.294587, "balance": 1.418622, "dry_up": 1.099018, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.050134, "annualized_volatility": 0.227726, "from_high_reference": -0.068498, "from_low_reference": 0.283555 }, "levels": { "trend_reference": 36.521343, "fair_value_reference": 30.063652, "structural_low": 32.97212, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 35, "median_return": -0.005009, "positive_rate": 0.485714, "directional_follow_through": 0.485714, "median_excess_return": -0.021876, "regime_survival": 0.685714, "best_return": 0.153361, "worst_return": -0.105356, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 14, "median_return": 0.054797, "positive_rate": 0.642857, "directional_follow_through": 0.642857, "median_excess_return": 0.011917, "regime_survival": 0.642857, "best_return": 0.224571, "worst_return": -0.248991, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.111104, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.088322, "regime_survival": 0.428571, "best_return": 0.309593, "worst_return": 0.037809, "sufficient": true }, { "horizon": 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"up", "direction": 63.865183, "energy": 70.589482, "activity_lines": [ 39.521083, 38.683515, 37.486699, 36.644747 ] }, { "date": "2026-07-17", "close": 41.461341, "volume": 5040652, "typical_volume": 4358999.65, "trend": 35.7845, "fair_value": 29.70318, "relative_strength": 10.991823, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.271306, "energy": 68.159847, "activity_lines": [ 40.119702, 39.337806, 37.944793, 37.027745 ] }, { "date": "2026-07-24", "close": 41.610197, "volume": 4038111, "typical_volume": 4405251.05, "trend": 36.057931, "fair_value": 29.834951, "relative_strength": 11.690833, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.571687, "energy": 62.222881, "activity_lines": [ 40.701183, 39.926592, 38.394631, 37.403596 ] }, { "date": "2026-07-31", "close": 40.66, "volume": 4950681, "typical_volume": 4436588.55, "trend": 36.328518, "fair_value": 29.955249, "relative_strength": 7.642145, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.10445, "energy": 55.764056, "activity_lines": [ 40.800586, 40.227338, 38.725825, 37.700504 ] }, { "date": "2026-08-07", "close": 39.31, "volume": 5856011, "typical_volume": 4523458.6, "trend": 36.521343, "fair_value": 30.063652, "relative_strength": 0.465439, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.683049, "energy": 48.831059, "activity_lines": [ 40.418067, 40.188811, 38.900812, 37.892857 ] } ], "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." } } }