{
  "ticker": {
    "uuid": "49d2bb7c-9bf6-42b4-998e-9b18003fcc08",
    "symbol": "DGICA",
    "name": "Donegal Group A 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": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 52.994,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 63.884,
    "architecture_energy": 58.456,
    "architecture_maturity": 8.541,
    "architecture_confidence": 71.534,
    "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": 19.38,
        "rotation_up": 64.61,
        "upward_expansion": 84.76,
        "deceleration": 49.61,
        "rotation_down": 13.76,
        "downward_expansion": 11.42
      },
      "activity_lines": [
        19.109523,
        18.819783,
        18.210258,
        17.935072
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 19.24,
    "trend_reference": 17.785723,
    "distance_from_trend": 0.081767,
    "trend_direction": "Weakening",
    "fair_value": 15.582568,
    "distance_from_fair_value": 0.234713,
    "fair_value_direction": "Improving",
    "relative_strength": -7.78851,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.02559,
    "excess_performance": -0.161864,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.081767,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.017962,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.234713,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.098338,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.077885,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.137699,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.02559,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.254021,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 753364,
      "relative_activity": 1.232816,
      "balance": 1.254021,
      "dry_up": 1.00959,
      "accumulation_observations": 3,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.050394,
      "annualized_volatility": 0.226466,
      "from_high_reference": -0.06673,
      "from_low_reference": 0.198584
    },
    "levels": {
      "trend_reference": 17.785723,
      "fair_value_reference": 15.582568,
      "structural_low": 16.11,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 20,
        "median_return": -0.012942,
        "positive_rate": 0.35,
        "directional_follow_through": 0.35,
        "median_excess_return": -0.054022,
        "regime_survival": 0.65,
        "best_return": 0.09835,
        "worst_return": -0.08996,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
        "median_return": -0.030055,
        "positive_rate": 0.375,
        "directional_follow_through": 0.375,
        "median_excess_return": -0.075338,
        "regime_survival": 0.25,
        "best_return": 0.105747,
        "worst_return": -0.116193,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.014754,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.067583,
        "regime_survival": 0.0,
        "best_return": 0.175795,
        "worst_return": -0.138811,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.004946,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.022928,
        "regime_survival": 0.0,
        "best_return": 0.22725,
        "worst_return": -0.011705,
        "sufficient": false
      }
    ],
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        "regime": "upward_expansion",
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        "start": "2024-11-01",
        "end": "2025-01-03",
        "tenure": "Developing",
        "return": -0.00066,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-02-28",
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        "regime": "upward_expansion",
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        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "end": "2025-08-01",
        "tenure": "Developing",
        "return": -0.150827,
        "active": false
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "active": false
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "active": false
      },
      {
        "regime": "balance",
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      },
      {
        "date": "2026-04-24",
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        "date": "2026-05-01",
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      },
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        "date": "2026-05-08",
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        "date": "2026-05-15",
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      },
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      },
      {
        "date": "2026-06-05",
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      },
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      },
      {
        "date": "2026-07-03",
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        "gate": "mixed",
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 629365.6,
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        "relative_strength": -11.327463,
        "stage": 3,
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        "gate": "mixed",
        "direction": 38.454999,
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      },
      {
        "date": "2026-07-17",
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        "volume": 659608,
        "typical_volume": 628461.6,
        "trend": 17.803365,
        "fair_value": 15.464463,
        "relative_strength": -7.970757,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 34.916511,
        "energy": 57.496902,
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        ]
      },
      {
        "date": "2026-07-24",
        "close": 18.578824,
        "volume": 429153,
        "typical_volume": 626680.8,
        "trend": 17.766142,
        "fair_value": 15.500095,
        "relative_strength": -6.081493,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 32.417386,
        "energy": 50.13587,
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          18.65409,
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      },
      {
        "date": "2026-07-31",
        "close": 19.74,
        "volume": 625684,
        "typical_volume": 626967.45,
        "trend": 17.790139,
        "fair_value": 15.542537,
        "relative_strength": -0.708754,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 77.005293,
        "energy": 64.523194,
        "activity_lines": [
          19.005496,
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          18.059567,
          17.841533
        ]
      },
      {
        "date": "2026-08-07",
        "close": 19.24,
        "volume": 753364,
        "typical_volume": 611092.0,
        "trend": 17.785723,
        "fair_value": 15.582568,
        "relative_strength": -7.78851,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.884102,
        "energy": 58.455927,
        "activity_lines": [
          19.109523,
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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."
    }
  }
}