{
  "ticker": {
    "uuid": "42df02da-c119-4fa3-a833-267cfdb02ae7",
    "symbol": "FCN",
    "name": "FTI Consulting 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": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -40.35,
    "architecture_energy": 18.544,
    "architecture_maturity": 52.943,
    "architecture_confidence": 65.405,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 49.25,
        "rotation_up": 25.62,
        "upward_expansion": 16.94,
        "deceleration": 44.33,
        "rotation_down": 27.68,
        "downward_expansion": 53.28
      },
      "activity_lines": [
        157.066667,
        156.217818,
        157.81581,
        160.905054
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.166667
    },
    "latest_close": 151.43,
    "trend_reference": 164.972667,
    "distance_from_trend": -0.08209,
    "trend_direction": "Weakening",
    "fair_value": 185.817949,
    "distance_from_fair_value": -0.185063,
    "fair_value_direction": "Weakening",
    "relative_strength": -18.631116,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.153691,
    "excess_performance": -0.279316,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.08209,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.027012,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.185063,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.053594,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.186311,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.052621,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.153691,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.780139,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 2450371,
      "relative_activity": 1.093779,
      "balance": 0.780139,
      "dry_up": 0.901792,
      "accumulation_observations": 3,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.086921,
      "annualized_volatility": 0.367382,
      "from_high_reference": -0.200053,
      "from_low_reference": 0.100109
    },
    "levels": {
      "trend_reference": 164.972667,
      "fair_value_reference": 185.817949,
      "structural_low": 137.65,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 15,
        "median_return": 0.003821,
        "positive_rate": 0.6,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.028526,
        "regime_survival": 0.733333,
        "best_return": 0.210414,
        "worst_return": -0.132775,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": 0.064379,
        "positive_rate": 0.833333,
        "directional_follow_through": 0.166667,
        "median_excess_return": 0.022086,
        "regime_survival": 0.333333,
        "best_return": 0.236198,
        "worst_return": -0.184138,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.081189,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.103148,
        "regime_survival": 0.25,
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        "worst_return": -0.173932,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.006876,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.165251,
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        "worst_return": -0.187407,
        "sufficient": false
      }
    ],
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        "regime": "balance",
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        "color": "blue",
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        "end": "2024-05-10",
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        "return": 0.085082,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2024-05-24",
        "tenure": "New",
        "return": -0.010399,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "return": 0.079415,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "tenure": "Established",
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2025-07-25",
        "tenure": "Extended",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "active": false
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      {
        "regime": "downward_expansion",
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        "date": "2026-05-01",
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        "date": "2026-06-05",
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      },
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      },
      {
        "date": "2026-07-03",
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      },
      {
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        "stage": 4,
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        "modifier": "Early contraction",
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      },
      {
        "date": "2026-07-17",
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        "volume": 1422243,
        "typical_volume": 2251393.95,
        "trend": 166.696667,
        "fair_value": 186.316538,
        "relative_strength": -10.462974,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -37.629692,
        "energy": 20.745701,
        "activity_lines": [
          156.582667,
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          159.693,
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      },
      {
        "date": "2026-07-24",
        "close": 159.79,
        "volume": 1708908,
        "typical_volume": 2208867.45,
        "trend": 166.173333,
        "fair_value": 186.207756,
        "relative_strength": -11.042472,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -33.253513,
        "energy": 17.680706,
        "activity_lines": [
          158.534,
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          162.271075
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      },
      {
        "date": "2026-07-31",
        "close": 159.38,
        "volume": 2499541,
        "typical_volume": 2240184.0,
        "trend": 165.81,
        "fair_value": 186.047949,
        "relative_strength": -11.843515,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -29.326612,
        "energy": 17.601506,
        "activity_lines": [
          159.401333,
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          158.935476,
          161.832796
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      },
      {
        "date": "2026-08-07",
        "close": 151.43,
        "volume": 2450371,
        "typical_volume": 2240280.1,
        "trend": 164.972667,
        "fair_value": 185.817949,
        "relative_strength": -18.631116,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -40.350189,
        "energy": 18.544442,
        "activity_lines": [
          157.066667,
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          160.905054
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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."
    }
  }
}