{
  "ticker": {
    "uuid": "42b6a61f-5fd4-42a5-8c96-f4bbe14ea8fc",
    "symbol": "AMN",
    "name": "AMN Healthcare Services 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": 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": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 73.108,
    "architecture_energy": 57.499,
    "architecture_maturity": 70.205,
    "architecture_confidence": 83.568,
    "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": 11.86,
        "rotation_up": 56.09,
        "upward_expansion": 82.3,
        "deceleration": 65.97,
        "rotation_down": 25.7,
        "downward_expansion": 8.96
      },
      "activity_lines": [
        34.370667,
        33.746,
        31.205667,
        28.45028
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 36.0,
    "trend_reference": 25.202,
    "distance_from_trend": 0.428458,
    "trend_direction": "Improving",
    "fair_value": 39.007436,
    "distance_from_fair_value": -0.077099,
    "fair_value_direction": "Improving",
    "relative_strength": 46.058623,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.773399,
    "excess_performance": 0.647774,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.428458,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.287305,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.077099,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.277587,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.460586,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.134603,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.773399,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.349453,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 5559844,
      "relative_activity": 1.197608,
      "balance": 1.349453,
      "dry_up": 0.84985,
      "accumulation_observations": 4,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.100078,
      "annualized_volatility": 0.707657,
      "from_high_reference": -0.023199,
      "from_low_reference": 1.40481
    },
    "levels": {
      "trend_reference": 25.202,
      "fair_value_reference": 39.007436,
      "structural_low": 15.6508,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 12,
        "median_return": -0.023782,
        "positive_rate": 0.416667,
        "directional_follow_through": 0.416667,
        "median_excess_return": -0.008235,
        "regime_survival": 0.583333,
        "best_return": 0.099982,
        "worst_return": -0.186545,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": -0.044216,
        "positive_rate": 0.285714,
        "directional_follow_through": 0.285714,
        "median_excess_return": -0.077889,
        "regime_survival": 0.571429,
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        "worst_return": -0.319676,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.074279,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.00308,
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        "worst_return": -0.290489,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.236952,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
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        "best_return": 0.159885,
        "worst_return": -0.29029,
        "sufficient": false
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        "regime": "downward_expansion",
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        "regime": "balance",
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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      },
      {
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        "fair_value": 40.672372,
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        "modifier": "Established expansion",
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      },
      {
        "date": "2026-07-17",
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        "volume": 4559733,
        "typical_volume": 4945552.55,
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        "fair_value": 40.184808,
        "relative_strength": 52.159083,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 75.125182,
        "energy": 65.518998,
        "activity_lines": [
          33.682,
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          29.01381,
          26.464688
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      },
      {
        "date": "2026-07-24",
        "close": 32.89,
        "volume": 2818903,
        "typical_volume": 4767086.1,
        "trend": 23.895333,
        "fair_value": 39.713141,
        "relative_strength": 42.669352,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
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        "direction": 63.393241,
        "energy": 56.848403,
        "activity_lines": [
          33.588,
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      },
      {
        "date": "2026-07-31",
        "close": 33.63,
        "volume": 2843088,
        "typical_volume": 4649514.65,
        "trend": 24.512333,
        "fair_value": 39.352372,
        "relative_strength": 42.889158,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.512321,
        "energy": 51.073191,
        "activity_lines": [
          33.613333,
          33.088545,
          30.366286,
          27.70914
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      },
      {
        "date": "2026-08-07",
        "close": 36.0,
        "volume": 5559844,
        "typical_volume": 4642459.0,
        "trend": 25.202,
        "fair_value": 39.007436,
        "relative_strength": 46.058623,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 73.107928,
        "energy": 57.498674,
        "activity_lines": [
          34.370667,
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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."
    }
  }
}