{
  "ticker": {
    "uuid": "4477f92c-b8b9-4029-9770-508cbe3e6dfc",
    "symbol": "GAIN",
    "name": "Gladstone Investment Corporation",
    "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": 2,
    "stage_name": "Advancing",
    "phase": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 95.567,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 66.264,
    "architecture_energy": 64.361,
    "architecture_maturity": 15.078,
    "architecture_confidence": 75.647,
    "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": 22.64,
        "rotation_up": 70.08,
        "upward_expansion": 89.15,
        "deceleration": 42.87,
        "rotation_down": 11.89,
        "downward_expansion": 13.48
      },
      "activity_lines": [
        16.312851,
        15.923774,
        15.746282,
        15.40875
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 16.59,
    "trend_reference": 14.899263,
    "distance_from_trend": 0.113478,
    "trend_direction": "Improving",
    "fair_value": 12.339652,
    "distance_from_fair_value": 0.344446,
    "fair_value_direction": "Weakening",
    "relative_strength": 2.014124,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.21994,
    "excess_performance": 0.032486,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.113478,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.049508,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.344446,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.053953,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.020141,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.017493,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.21994,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.57285,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 1527622,
      "relative_activity": 1.054024,
      "balance": 0.57285,
      "dry_up": 0.716848,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.057984,
      "annualized_volatility": 0.247583,
      "from_high_reference": -0.025264,
      "from_low_reference": 0.317615
    },
    "levels": {
      "trend_reference": 14.899263,
      "fair_value_reference": 12.339652,
      "structural_low": 12.909351,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 36,
        "median_return": -0.001881,
        "positive_rate": 0.472222,
        "directional_follow_through": 0.472222,
        "median_excess_return": -0.013732,
        "regime_survival": 0.694444,
        "best_return": 0.135129,
        "worst_return": -0.074084,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 13,
        "median_return": -0.009518,
        "positive_rate": 0.461538,
        "directional_follow_through": 0.461538,
        "median_excess_return": -0.028978,
        "regime_survival": 0.307692,
        "best_return": 0.152476,
        "worst_return": -0.077222,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 8,
        "median_return": 0.065486,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.020361,
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        "worst_return": -0.092585,
        "sufficient": true
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      {
        "horizon": "Full cycle",
        "sample_count": 4,
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        "directional_follow_through": 1.0,
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        "worst_return": 0.089473,
        "sufficient": false
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        "active": false
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        "regime": "upward_expansion",
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "return": 0.002891,
        "active": false
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        "regime": "downward_expansion",
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        "end": "2024-10-04",
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        "regime": "rotation_up",
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      },
      {
        "date": "2026-07-03",
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      },
      {
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 1631648.65,
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        "fair_value": 12.205614,
        "relative_strength": 5.12743,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
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        "direction": 64.512573,
        "energy": 50.348433,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
        "close": 15.95,
        "volume": 848364,
        "typical_volume": 1619098.85,
        "trend": 14.712227,
        "fair_value": 12.247068,
        "relative_strength": 3.555264,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 54.070292,
        "energy": 56.558498,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 16.15,
        "volume": 845030,
        "typical_volume": 1507304.0,
        "trend": 14.798249,
        "fair_value": 12.291145,
        "relative_strength": 4.308638,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 57.837477,
        "energy": 62.586675,
        "activity_lines": [
          16.144028,
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      },
      {
        "date": "2026-08-07",
        "close": 16.59,
        "volume": 1527622,
        "typical_volume": 1449323.7,
        "trend": 14.899263,
        "fair_value": 12.339652,
        "relative_strength": 2.014124,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.263957,
        "energy": 64.361362,
        "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."
    }
  }
}