{
  "ticker": {
    "uuid": "46220d58-a7ce-4eb3-9df7-4c646c6b4a10",
    "symbol": "MGY",
    "name": "Magnolia Oil & Gas Corp",
    "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": "3c",
    "phase_label": "Stage 3C \u00b7 Breakdown watch",
    "transition": "stage_3_to_4_watch",
    "transition_label": "Stage 3 \u2192 4 watch",
    "confidence": 81.288,
    "architecture_regime": "rotation_down",
    "architecture_regime_label": "Rotation Down",
    "architecture_modifier": "Structural failure",
    "architecture_gate": "down",
    "architecture_direction": -64.555,
    "architecture_energy": 43.535,
    "architecture_maturity": 17.304,
    "architecture_confidence": 94.515,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating downward.",
        "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion."
      },
      "scores": {
        "balance": 16.99,
        "rotation_up": 19.29,
        "upward_expansion": 6.49,
        "deceleration": 46.65,
        "rotation_down": 57.22,
        "downward_expansion": 82.16
      },
      "activity_lines": [
        25.636,
        25.918,
        26.842457,
        27.391373
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Stable",
      "price_acceptance": -0.833333
    },
    "latest_close": 25.08,
    "trend_reference": 27.46475,
    "distance_from_trend": -0.086829,
    "trend_direction": "Improving",
    "fair_value": 23.651885,
    "distance_from_fair_value": 0.060381,
    "fair_value_direction": "Weakening",
    "relative_strength": -12.305305,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.059627,
    "excess_performance": -0.185252,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.086829,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.051205,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.060381,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.138883,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.123053,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.129468,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.059627,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.625232,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 22083486,
      "relative_activity": 1.308093,
      "balance": 0.625232,
      "dry_up": 2.142631,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.07689,
      "annualized_volatility": 0.322747,
      "from_high_reference": -0.230022,
      "from_low_reference": 0.204874
    },
    "levels": {
      "trend_reference": 27.46475,
      "fair_value_reference": 23.651885,
      "structural_low": 23.4,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 3,
        "median_return": -0.011264,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.027938,
        "regime_survival": 0.333333,
        "best_return": 0.197739,
        "worst_return": -0.02753,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": -0.000476,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.105228,
        "regime_survival": 0.0,
        "best_return": 0.113162,
        "worst_return": -0.114114,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": 0.097909,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.044634,
        "regime_survival": 0.0,
        "best_return": 0.209918,
        "worst_return": -0.014099,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.007408,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.169295,
        "regime_survival": 0.0,
        "best_return": 0.052246,
        "worst_return": -0.03743,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-07-19",
        "end": "2024-08-30",
        "tenure": "Developing",
        "return": -0.039291,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-09-06",
        "end": "2024-11-15",
        "tenure": "Developing",
        "return": 0.144563,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-11-22",
        "end": "2024-12-27",
        "tenure": "Developing",
        "return": -0.201806,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-01-03",
        "end": "2025-01-17",
        "tenure": "New",
        "return": 0.1068,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-01-24",
        "end": "2025-02-07",
        "tenure": "New",
        "return": -0.101341,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-02-14",
        "end": "2025-06-20",
        "tenure": "Established",
        "return": 0.028365,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-06-27",
        "end": "2025-07-18",
        "tenure": "New",
        "return": 0.008718,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-07-25",
        "end": "2025-08-15",
        "tenure": "New",
        "return": 0.000547,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-08-22",
        "end": "2025-10-17",
        "tenure": "Developing",
        "return": -0.059381,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-10-24",
        "end": "2025-12-26",
        "tenure": "Developing",
        "return": -0.061973,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2026-01-30",
        "tenure": "Developing",
        "return": 0.134786,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2026-04-24",
        "tenure": "Developing",
        "return": 0.090072,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2026-07-03",
        "tenure": "Developing",
        "return": -0.157688,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "return": -0.02753,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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      },
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      },
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      },
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-17",
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        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -30.699193,
        "energy": 37.289169,
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      },
      {
        "date": "2026-07-24",
        "close": 25.33,
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        "typical_volume": 16464118.1,
        "trend": 27.245746,
        "fair_value": 23.600378,
        "relative_strength": -7.639076,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -39.804059,
        "energy": 42.300954,
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      },
      {
        "date": "2026-07-31",
        "close": 25.71,
        "volume": 24807723,
        "typical_volume": 16672648.05,
        "trend": 27.36229,
        "fair_value": 23.62777,
        "relative_strength": -7.136494,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -31.754605,
        "energy": 27.877643,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 25.08,
        "volume": 22083486,
        "typical_volume": 16882202.55,
        "trend": 27.46475,
        "fair_value": 23.651885,
        "relative_strength": -12.305305,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -64.555463,
        "energy": 43.535363,
        "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."
    }
  }
}