{ "ticker": { "uuid": "371b407f-7425-4483-9dc0-7f047fc077df", "symbol": "NRC", "name": "National Research Corp", "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": 1, "stage_name": "Basing", "phase": "1c", "phase_label": "Stage 1C \u00b7 Breakout watch", "transition": "stage_1_to_2_watch", "transition_label": "Stage 1 \u2192 2 watch", "confidence": 48.009, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 41.956, "architecture_energy": 26.658, "architecture_maturity": 62.583, "architecture_confidence": 80.673, "architecture_tenure": "Developing", "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": 36.56, "rotation_up": 38.04, "upward_expansion": 64.61, "deceleration": 84.47, "rotation_down": 24.13, "downward_expansion": 14.61 }, "activity_lines": [ 20.538, 20.661688, 19.888293, 19.040918 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 20.34, "trend_reference": 18.258608, "distance_from_trend": 0.113995, "trend_direction": "Improving", "fair_value": 22.352025, "distance_from_fair_value": -0.090015, "fair_value_direction": "Improving", "relative_strength": 5.803957, "relative_strength_direction": "Improving", "price_momentum": 0.287954, "excess_performance": 0.1005, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.113995, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.064016, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.090015, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.134754, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.05804, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.061094, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.287954, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.608138, "read": "Supply-led" } ], "volume": { "latest": 600810, "relative_activity": 1.134283, "balance": 0.608138, "dry_up": 0.932708, "accumulation_observations": 2, "distribution_observations": 4 }, "risk": { "range_context": 0.105666, "annualized_volatility": 0.575386, "from_high_reference": -0.141047, "from_low_reference": 0.87999 }, "levels": { "trend_reference": 18.258608, "fair_value_reference": 22.352025, "structural_low": 11.626405, "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": 13, "median_return": -0.028302, "positive_rate": 0.461538, "directional_follow_through": 0.461538, "median_excess_return": -0.016179, "regime_survival": 0.615385, "best_return": 0.198424, "worst_return": -0.456346, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": -0.065855, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.114012, "regime_survival": 0.0, "best_return": 0.029101, "worst_return": -0.177334, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.050125, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.20507, "regime_survival": 0.25, "best_return": 0.117268, "worst_return": -0.242441, "sufficient": false }, { 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20.574727, 19.441739, 18.628705 ] }, { "date": "2026-07-24", "close": 21.04, "volume": 340638, "typical_volume": 529041.35, "trend": 18.176963, "fair_value": 22.598988, "relative_strength": 16.376654, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.398069, "energy": 69.978147, "activity_lines": [ 21.525333, 20.773409, 19.687278, 18.818907 ] }, { "date": "2026-07-31", "close": 19.51, "volume": 712067, "typical_volume": 530415.85, "trend": 18.231858, "fair_value": 22.474046, "relative_strength": 6.844728, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.033295, "energy": 37.999689, "activity_lines": [ 20.85, 20.647327, 19.755745, 18.904909 ] }, { "date": "2026-08-07", "close": 20.34, "volume": 600810, "typical_volume": 529682.45, "trend": 18.258608, "fair_value": 22.352025, "relative_strength": 5.803957, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.955595, "energy": 26.657925, "activity_lines": [ 20.538, 20.661688, 19.888293, 19.040918 ] } ], "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." } } }