{
  "ticker": {
    "uuid": "43009ad0-27d5-4d48-973f-7bd8bc88056e",
    "symbol": "ADC",
    "name": "Agree Realty 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": 3,
    "stage_name": "Distribution",
    "phase": "3b",
    "phase_label": "Stage 3B \u00b7 Distribution",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 94.449,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 45.664,
    "architecture_energy": 38.011,
    "architecture_maturity": 6.421,
    "architecture_confidence": 69.192,
    "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": 31.62,
        "rotation_up": 57.93,
        "upward_expansion": 78.77,
        "deceleration": 52.52,
        "rotation_down": 16.02,
        "downward_expansion": 7.77
      },
      "activity_lines": [
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.5
    },
    "latest_close": 75.63,
    "trend_reference": 76.030375,
    "distance_from_trend": -0.005266,
    "trend_direction": "Improving",
    "fair_value": 66.004293,
    "distance_from_fair_value": 0.145835,
    "fair_value_direction": "Weakening",
    "relative_strength": -8.792595,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.025939,
    "excess_performance": -0.099686,
    "evidence": [
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        "label": "Price vs Trend",
        "positive": false,
        "value": -0.005266,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.024141,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.145835,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.028836,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.087926,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.014826,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.025939,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.764516,
        "read": "Supply-led"
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    ],
    "volume": {
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      "relative_activity": 1.429244,
      "balance": 0.764516,
      "dry_up": 1.135806,
      "accumulation_observations": 1,
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    "risk": {
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      "annualized_volatility": 0.189389,
      "from_high_reference": -0.072255,
      "from_low_reference": 0.115022
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    "levels": {
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      "fair_value_reference": 66.004293,
      "structural_low": 70.974599,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
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    "outcomes": [
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        "sample_count": 21,
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        "directional_follow_through": 0.47619,
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      },
      {
        "date": "2026-07-03",
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      },
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      },
      {
        "date": "2026-07-17",
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        "fair_value": 65.601569,
        "relative_strength": 0.888787,
        "stage": 3,
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      },
      {
        "date": "2026-07-24",
        "close": 80.354234,
        "volume": 5486664,
        "typical_volume": 5559379.15,
        "trend": 75.588405,
        "fair_value": 65.745486,
        "relative_strength": 0.933977,
        "stage": 2,
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        "modifier": "Re-accelerating",
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        "direction": 70.520126,
        "energy": 73.444842,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-07-31",
        "close": 77.8,
        "volume": 6739631,
        "typical_volume": 5568761.75,
        "trend": 75.819186,
        "fair_value": 65.879075,
        "relative_strength": -3.133333,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.619592,
        "energy": 64.496095,
        "activity_lines": [
          79.057019,
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          76.690687,
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      },
      {
        "date": "2026-08-07",
        "close": 75.63,
        "volume": 8006800,
        "typical_volume": 5602120.95,
        "trend": 76.030375,
        "fair_value": 66.004293,
        "relative_strength": -8.792595,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 45.664404,
        "energy": 38.010676,
        "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."
    }
  }
}