{
  "ticker": {
    "uuid": "4a10a4a9-0ef0-45be-9051-9c3d85d15831",
    "symbol": "APEI",
    "name": "American Public Education 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": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 48.68,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "mixed",
    "architecture_direction": -22.856,
    "architecture_energy": 26.119,
    "architecture_maturity": 44.481,
    "architecture_confidence": 53.136,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 48.83,
        "rotation_up": 22.96,
        "upward_expansion": 13.4,
        "deceleration": 52.21,
        "rotation_down": 56.71,
        "downward_expansion": 45.73
      },
      "activity_lines": [
        50.204,
        51.854,
        52.858238,
        52.887247
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.166667
    },
    "latest_close": 51.24,
    "trend_reference": 51.495667,
    "distance_from_trend": -0.004965,
    "trend_direction": "Improving",
    "fair_value": 26.003878,
    "distance_from_fair_value": 0.970475,
    "fair_value_direction": "Weakening",
    "relative_strength": 1.254719,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.141457,
    "excess_performance": -0.045997,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.004965,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.120677,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.970475,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.581236,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.012547,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.19994,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.141457,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.065418,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1671941,
      "relative_activity": 1.212904,
      "balance": 1.065418,
      "dry_up": 1.277066,
      "accumulation_observations": 4,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.104482,
      "annualized_volatility": 0.496153,
      "from_high_reference": -0.168047,
      "from_low_reference": 0.847119
    },
    "levels": {
      "trend_reference": 51.495667,
      "fair_value_reference": 26.003878,
      "structural_low": 41.755,
      "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": 8,
        "median_return": 0.07912,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.075465,
        "regime_survival": 0.375,
        "best_return": 0.32093,
        "worst_return": -0.038126,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": 0.164973,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": 0.109162,
        "regime_survival": 0.2,
        "best_return": 0.618605,
        "worst_return": -0.577612,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.510501,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.465387,
        "regime_survival": 0.0,
        "best_return": 0.555349,
        "worst_return": -0.63806,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.371126,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.054456,
        "regime_survival": 0.0,
        "best_return": 0.968372,
        "worst_return": -0.226119,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-03-01",
        "end": "2024-03-15",
        "tenure": "New",
        "return": 0.149767,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-03-22",
        "end": "2024-06-21",
        "tenure": "Established",
        "return": 0.141489,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-06-28",
        "end": "2024-07-12",
        "tenure": "New",
        "return": 0.016496,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-07-19",
        "end": "2024-08-16",
        "tenure": "Developing",
        "return": -0.233195,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2024-10-04",
        "tenure": "Developing",
        "return": -0.124125,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2024-10-18",
        "tenure": "New",
        "return": 0.017768,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-10-25",
        "end": "2024-11-15",
        "tenure": "New",
        "return": 0.299291,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2024-12-13",
        "tenure": "New",
        "return": 0.121792,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-12-20",
        "end": "2025-08-08",
        "tenure": "Extended",
        "return": 0.421153,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-08-15",
        "end": "2025-09-05",
        "tenure": "New",
        "return": 0.070461,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2025-10-31",
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        "return": -0.062167,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-12-19",
        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2026-05-15",
        "tenure": "Established",
        "return": 0.423005,
        "active": false
      },
      {
        "regime": "deceleration",
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        "tenure": "Developing",
        "return": -0.005049,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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      },
      {
        "date": "2026-05-01",
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      },
      {
        "date": "2026-05-08",
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      },
      {
        "date": "2026-05-15",
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 1492947.7,
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        "relative_strength": 8.794614,
        "stage": 2,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 1472840.25,
        "trend": 46.669833,
        "fair_value": 23.251571,
        "relative_strength": 12.171553,
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      },
      {
        "date": "2026-06-12",
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      },
      {
        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "relative_strength": 13.948476,
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        "modifier": "Recompressing",
        "gate": "up",
        "direction": 21.975686,
        "energy": 13.822616,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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        "volume": 1111424,
        "typical_volume": 1499936.65,
        "trend": 49.255333,
        "fair_value": 24.520288,
        "relative_strength": 16.725096,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 45.584367,
        "energy": 26.925188,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
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        "volume": 1440531,
        "typical_volume": 1509184.2,
        "trend": 49.966667,
        "fair_value": 24.86375,
        "relative_strength": 17.026301,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 52.882722,
        "energy": 39.201592,
        "activity_lines": [
          55.955333,
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      },
      {
        "date": "2026-07-17",
        "close": 50.71,
        "volume": 2309926,
        "typical_volume": 1570691.1,
        "trend": 50.378,
        "fair_value": 25.158173,
        "relative_strength": 5.71048,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 23.599891,
        "energy": 18.784896,
        "activity_lines": [
          54.568667,
          53.802909,
          54.405429,
          53.194903
        ]
      },
      {
        "date": "2026-07-24",
        "close": 47.71,
        "volume": 1661144,
        "typical_volume": 1597729.75,
        "trend": 50.719333,
        "fair_value": 25.433045,
        "relative_strength": 0.621918,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -2.655615,
        "energy": 3.689439,
        "activity_lines": [
          52.276667,
          52.804727,
          53.746286,
          53.022774
        ]
      },
      {
        "date": "2026-07-31",
        "close": 48.51,
        "volume": 1398535,
        "typical_volume": 1453683.6,
        "trend": 51.131333,
        "fair_value": 25.712404,
        "relative_strength": 1.264165,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -19.442336,
        "energy": 23.768481,
        "activity_lines": [
          50.585333,
          52.054,
          53.150476,
          52.880237
        ]
      },
      {
        "date": "2026-08-07",
        "close": 51.24,
        "volume": 1671941,
        "typical_volume": 1378461.5,
        "trend": 51.495667,
        "fair_value": 26.003878,
        "relative_strength": 1.254719,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -22.85566,
        "energy": 26.119241,
        "activity_lines": [
          50.204,
          51.854,
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          52.887247
        ]
      }
    ],
    "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."
    }
  }
}