{
  "ticker": {
    "uuid": "2cc67fb0-80de-4ddc-bb3c-8e96201bc5a6",
    "symbol": "SCHL",
    "name": "Scholastic 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": 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": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 34.203,
    "architecture_energy": 20.345,
    "architecture_maturity": 59.75,
    "architecture_confidence": 89.798,
    "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": 39.3,
        "rotation_up": 28.96,
        "upward_expansion": 59.75,
        "deceleration": 85.45,
        "rotation_down": 31.62,
        "downward_expansion": 21.08
      },
      "activity_lines": [
        42.76,
        43.786727,
        42.949753,
        41.535364
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
    },
    "latest_close": 41.98,
    "trend_reference": 39.436175,
    "distance_from_trend": 0.064505,
    "trend_direction": "Improving",
    "fair_value": 30.371949,
    "distance_from_fair_value": 0.382196,
    "fair_value_direction": "Improving",
    "relative_strength": 7.616379,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.236823,
    "excess_performance": 0.049369,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.064505,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.147438,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.382196,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.044457,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.076164,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.096479,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.236823,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.907198,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 1717798,
      "relative_activity": 0.759628,
      "balance": 0.907198,
      "dry_up": 0.832834,
      "accumulation_observations": 0,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.077987,
      "annualized_volatility": 0.304861,
      "from_high_reference": -0.12669,
      "from_low_reference": 0.883416
    },
    "levels": {
      "trend_reference": 39.436175,
      "fair_value_reference": 30.371949,
      "structural_low": 30.658077,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 6,
        "median_return": 0.032216,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.028288,
        "regime_survival": 0.333333,
        "best_return": 0.180489,
        "worst_return": -0.009794,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": 0.130881,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.023839,
        "regime_survival": 0.0,
        "best_return": 0.324322,
        "worst_return": -0.039723,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.143923,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.089252,
        "regime_survival": 0.25,
        "best_return": 0.58064,
        "worst_return": -0.073618,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.205033,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.091144,
        "regime_survival": 0.0,
        "best_return": 0.423608,
        "worst_return": -0.013541,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2023-08-04",
        "end": "2023-08-18",
        "tenure": "New",
        "return": -0.012733,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-08-25",
        "end": "2023-09-15",
        "tenure": "New",
        "return": -0.090231,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2023-09-22",
        "end": "2023-10-27",
        "tenure": "Developing",
        "return": 0.101183,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2023-11-03",
        "end": "2023-11-17",
        "tenure": "New",
        "return": 0.012677,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2023-11-24",
        "end": "2023-12-29",
        "tenure": "Developing",
        "return": -0.057264,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-01-05",
        "end": "2024-02-02",
        "tenure": "Developing",
        "return": 0.032252,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-02-09",
        "end": "2024-04-19",
        "tenure": "Developing",
        "return": -0.079463,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-04-26",
        "end": "2025-06-20",
        "tenure": "Extended",
        "return": -0.453,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-27",
        "end": "2025-07-04",
        "tenure": "New",
        "return": 0.016925,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-07-11",
        "end": "2025-07-25",
        "tenure": "New",
        "return": 0.244755,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-08-01",
        "end": "2025-12-19",
        "tenure": "Established",
        "return": 0.098207,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2026-01-02",
        "tenure": "New",
        "return": 0.018355,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2026-07-31",
        "tenure": "Extended",
        "return": 0.228621,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-08-07",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.0,
        "active": true
      }
    ],
    "chart_path": [
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      },
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        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 2326251.25,
        "trend": 38.304744,
        "fair_value": 30.352882,
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        "stage": 2,
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        "modifier": "Established expansion",
        "gate": "up",
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        "energy": 64.41577,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
        "close": 43.15,
        "volume": 2126687,
        "typical_volume": 2326812.05,
        "trend": 38.772795,
        "fair_value": 30.372771,
        "relative_strength": 18.206565,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.446347,
        "energy": 50.253778,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 40.65,
        "volume": 2347283,
        "typical_volume": 2356940.85,
        "trend": 39.139704,
        "fair_value": 30.373503,
        "relative_strength": 10.153576,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 36.761225,
        "energy": 26.092565,
        "activity_lines": [
          43.613333,
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          42.921476,
          41.352119
        ]
      },
      {
        "date": "2026-08-07",
        "close": 41.98,
        "volume": 1717798,
        "typical_volume": 2261368.4,
        "trend": 39.436175,
        "fair_value": 30.371949,
        "relative_strength": 7.616379,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 34.202747,
        "energy": 20.344826,
        "activity_lines": [
          42.76,
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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."
    }
  }
}