{
  "ticker": {
    "uuid": "45602c5b-db59-4809-bb71-59f466caa527",
    "symbol": "BJRI",
    "name": "BJs Restaurants Inc",
    "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": "2c",
    "phase_label": "Stage 2C \u00b7 Late advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 76.907,
    "architecture_energy": 70.857,
    "architecture_maturity": 42.0,
    "architecture_confidence": 74.936,
    "architecture_tenure": "Developing",
    "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": 0.35,
        "rotation_up": 81.37,
        "upward_expansion": 90.17,
        "deceleration": 50.74,
        "rotation_down": 11.97,
        "downward_expansion": 12.17
      },
      "activity_lines": [
        67.734,
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        56.444048,
        51.506667
      ],
      "activity_state": "Wide",
      "activity_direction": "Stable",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 69.55,
    "trend_reference": 46.608333,
    "distance_from_trend": 0.492222,
    "trend_direction": "Improving",
    "fair_value": 36.75734,
    "distance_from_fair_value": 0.892139,
    "fair_value_direction": "Improving",
    "relative_strength": 47.228748,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.579605,
    "excess_performance": 0.392151,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.492222,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.179142,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.892139,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.663678,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.472287,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.545976,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.579605,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.165832,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 2646864,
      "relative_activity": 1.244265,
      "balance": 3.165832,
      "dry_up": 1.284356,
      "accumulation_observations": 6,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.083008,
      "annualized_volatility": 0.482572,
      "from_high_reference": -0.067694,
      "from_low_reference": 1.443781
    },
    "levels": {
      "trend_reference": 46.608333,
      "fair_value_reference": 36.75734,
      "structural_low": 33.36,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 19,
        "median_return": -0.057546,
        "positive_rate": 0.263158,
        "directional_follow_through": 0.263158,
        "median_excess_return": -0.03323,
        "regime_survival": 0.578947,
        "best_return": 0.272264,
        "worst_return": -0.204116,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
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        "directional_follow_through": 0.25,
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        "worst_return": -0.297586,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.03641,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.172876,
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        "worst_return": -0.140327,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
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        "best_return": 0.03561,
        "worst_return": -0.09792,
        "sufficient": false
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        "regime": "balance",
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      {
        "regime": "downward_expansion",
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        "regime": "deceleration",
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      },
      {
        "date": "2026-05-01",
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        "relative_strength": -14.986747,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
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      },
      {
        "date": "2026-05-08",
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      },
      {
        "date": "2026-05-15",
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        "modifier": "Balance after decline",
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      },
      {
        "date": "2026-05-22",
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        "relative_strength": -2.784744,
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        "energy": 61.589089,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 1763339.1,
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        "relative_strength": 0.441093,
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        "modifier": "Re-accelerating",
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      },
      {
        "date": "2026-06-05",
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        "trend": 39.796333,
        "fair_value": 35.081827,
        "relative_strength": -3.126176,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "direction": 62.597149,
        "energy": 71.321661,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "relative_strength": 16.096793,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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      },
      {
        "date": "2026-06-19",
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        "stage": 2,
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      },
      {
        "date": "2026-06-26",
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        "typical_volume": 2011398.25,
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        "fair_value": 35.557596,
        "relative_strength": 35.149219,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 91.282213,
        "energy": 95.006476,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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        "volume": 1742872,
        "typical_volume": 2031990.8,
        "trend": 42.387667,
        "fair_value": 35.736506,
        "relative_strength": 31.540585,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "direction": 79.825466,
        "energy": 92.000754,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 62.26,
        "volume": 1731943,
        "typical_volume": 2049546.55,
        "trend": 43.129667,
        "fair_value": 35.915994,
        "relative_strength": 36.484766,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 82.664076,
        "energy": 93.057811,
        "activity_lines": [
          59.173333,
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          48.07781,
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      },
      {
        "date": "2026-07-17",
        "close": 67.49,
        "volume": 2498333,
        "typical_volume": 2053848.55,
        "trend": 44.0,
        "fair_value": 36.131891,
        "relative_strength": 53.178646,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 89.488456,
        "energy": 95.221274,
        "activity_lines": [
          62.467333,
          57.439091,
          50.353952,
          47.027527
        ]
      },
      {
        "date": "2026-07-24",
        "close": 66.86,
        "volume": 2244282,
        "typical_volume": 2047201.4,
        "trend": 44.854667,
        "fair_value": 36.326763,
        "relative_strength": 52.880155,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 79.452675,
        "energy": 89.012162,
        "activity_lines": [
          64.56,
          59.918364,
          52.429619,
          48.502366
        ]
      },
      {
        "date": "2026-07-31",
        "close": 67.61,
        "volume": 3539116,
        "typical_volume": 2109122.35,
        "trend": 45.738667,
        "fair_value": 36.527596,
        "relative_strength": 52.086751,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 75.489425,
        "energy": 77.794399,
        "activity_lines": [
          66.082,
          62.083091,
          54.425857,
          49.970452
        ]
      },
      {
        "date": "2026-08-07",
        "close": 69.55,
        "volume": 2646864,
        "typical_volume": 2127251.7,
        "trend": 46.608333,
        "fair_value": 36.75734,
        "relative_strength": 47.228748,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 76.906511,
        "energy": 70.857322,
        "activity_lines": [
          67.734,
          64.181455,
          56.444048,
          51.506667
        ]
      }
    ],
    "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."
    }
  }
}