{
  "ticker": {
    "uuid": "3a9902cc-5594-49ff-bbe5-3f6cd4bad4b0",
    "symbol": "HRL",
    "name": "Hormel Foods Corporation",
    "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": 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": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 56.198,
    "architecture_energy": 41.674,
    "architecture_maturity": 21.353,
    "architecture_confidence": 53.855,
    "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": 27.98,
        "rotation_up": 48.03,
        "upward_expansion": 74.34,
        "deceleration": 68.77,
        "rotation_down": 20.83,
        "downward_expansion": 5.68
      },
      "activity_lines": [
        25.085851,
        24.992636,
        23.941845,
        23.533778
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
    },
    "latest_close": 25.02,
    "trend_reference": 23.345489,
    "distance_from_trend": 0.071727,
    "trend_direction": "Improving",
    "fair_value": 27.476124,
    "distance_from_fair_value": -0.089391,
    "fair_value_direction": "Improving",
    "relative_strength": -4.978158,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.017944,
    "excess_performance": -0.107681,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.071727,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.03047,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.089391,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.192603,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.049782,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.216119,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.017944,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.703256,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 13750021,
      "relative_activity": 0.587348,
      "balance": 1.703256,
      "dry_up": 0.738538,
      "accumulation_observations": 4,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.059616,
      "annualized_volatility": 0.328789,
      "from_high_reference": -0.113518,
      "from_low_reference": 0.270051
    },
    "levels": {
      "trend_reference": 23.345489,
      "fair_value_reference": 27.476124,
      "structural_low": 19.7,
      "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": 7,
        "median_return": -0.031019,
        "positive_rate": 0.142857,
        "directional_follow_through": 0.142857,
        "median_excess_return": -0.047617,
        "regime_survival": 0.428571,
        "best_return": 0.049326,
        "worst_return": -0.132475,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": -0.096136,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
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        "regime_survival": 0.25,
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        "worst_return": -0.180807,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": -0.104428,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.250879,
        "regime_survival": 0.0,
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        "worst_return": -0.186304,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "worst_return": -0.127228,
        "sufficient": false
      }
    ],
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        "end": "2024-11-29",
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        "regime": "balance",
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        "regime": "downward_expansion",
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        "regime": "upward_expansion",
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        "regime": "downward_expansion",
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      },
      {
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 23880586.25,
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        "fair_value": 27.626378,
        "relative_strength": -0.623869,
        "stage": 1,
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        "direction": 63.602589,
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      },
      {
        "date": "2026-07-31",
        "close": 25.01,
        "volume": 22856818,
        "typical_volume": 23924723.15,
        "trend": 23.26527,
        "fair_value": 27.554258,
        "relative_strength": -2.293966,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 57.950981,
        "energy": 42.885411,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 25.02,
        "volume": 13750021,
        "typical_volume": 23410341.6,
        "trend": 23.345489,
        "fair_value": 27.476124,
        "relative_strength": -4.978158,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 56.198313,
        "energy": 41.674466,
        "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."
    }
  }
}