{
  "ticker": {
    "uuid": "4b57584a-72d1-4818-9169-5581a05aadbf",
    "symbol": "ANF",
    "name": "Abercrombie & Fitch Company",
    "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": 1,
    "stage_name": "Basing",
    "phase": "1c",
    "phase_label": "Stage 1C \u00b7 Breakout watch",
    "transition": "stage_1_to_2_watch",
    "transition_label": "Stage 1 \u2192 2 watch",
    "confidence": 62.764,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Value reclamation",
    "architecture_gate": "mixed",
    "architecture_direction": 58.885,
    "architecture_energy": 65.71,
    "architecture_maturity": 25.42,
    "architecture_confidence": 76.16,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating upward.",
        "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair."
      },
      "scores": {
        "balance": 14.38,
        "rotation_up": 77.1,
        "upward_expansion": 64.84,
        "deceleration": 18.97,
        "rotation_down": 17.07,
        "downward_expansion": 20.84
      },
      "activity_lines": [
        101.749333,
        97.163273,
        91.069476,
        90.182043
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 112.62,
    "trend_reference": 90.621333,
    "distance_from_trend": 0.242754,
    "trend_direction": "Weakening",
    "fair_value": 104.61109,
    "distance_from_fair_value": 0.076559,
    "fair_value_direction": "Improving",
    "relative_strength": 9.845872,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.153185,
    "excess_performance": 0.02756,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.242754,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.028988,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.076559,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.297539,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.098459,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.330773,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.153185,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.34939,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 4946503,
      "relative_activity": 0.836574,
      "balance": 1.34939,
      "dry_up": 0.819492,
      "accumulation_observations": 3,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.087281,
      "annualized_volatility": 0.500705,
      "from_high_reference": -0.153933,
      "from_low_reference": 0.720703
    },
    "levels": {
      "trend_reference": 90.621333,
      "fair_value_reference": 104.61109,
      "structural_low": 69.68,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 4,
        "median_return": -0.015232,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.006098,
        "regime_survival": 0.25,
        "best_return": 0.296005,
        "worst_return": -0.081685,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": -0.000715,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.00746,
        "regime_survival": 0.0,
        "best_return": 0.17318,
        "worst_return": -0.203273,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": 0.190127,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.10016,
        "regime_survival": 0.0,
        "best_return": 0.308104,
        "worst_return": 0.07215,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 1.148373,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.967855,
        "regime_survival": 0.5,
        "best_return": 2.20362,
        "worst_return": 0.093125,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-10-11",
        "end": "2025-01-31",
        "tenure": "Established",
        "return": -0.202805,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-02-07",
        "end": "2025-07-04",
        "tenure": "Established",
        "return": -0.201604,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-07-11",
        "end": "2025-07-25",
        "tenure": "New",
        "return": 0.03358,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-08-01",
        "end": "2025-08-29",
        "tenure": "Developing",
        "return": 0.027125,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-09-05",
        "end": "2025-09-12",
        "tenure": "New",
        "return": -0.08273,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-09-19",
        "end": "2025-10-10",
        "tenure": "New",
        "return": -0.192959,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-10-17",
        "end": "2025-11-21",
        "tenure": "Developing",
        "return": 0.020298,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-11-28",
        "end": "2025-12-19",
        "tenure": "New",
        "return": 0.236947,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-12-26",
        "end": "2026-01-30",
        "tenure": "Developing",
        "return": -0.23029,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-02-06",
        "end": "2026-03-13",
        "tenure": "Developing",
        "return": -0.161786,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-03-20",
        "end": "2026-04-10",
        "tenure": "New",
        "return": 0.118322,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-04-17",
        "end": "2026-05-15",
        "tenure": "Developing",
        "return": -0.25212,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-05-22",
        "end": "2026-07-17",
        "tenure": "Developing",
        "return": 0.232721,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-07-24",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.200512,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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        "typical_volume": 8236345.05,
        "trend": 30.871,
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      },
      {
        "date": "2023-08-25",
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      },
      {
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      },
      {
        "date": "2023-09-15",
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      },
      {
        "date": "2023-09-22",
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        "date": "2026-04-24",
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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": "2026-05-22",
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      },
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        "date": "2026-05-29",
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      },
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        "date": "2026-06-05",
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      },
      {
        "date": "2026-06-26",
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        "energy": 18.509477,
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      },
      {
        "date": "2026-07-03",
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        "modifier": "Early contraction",
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 6593914.75,
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        "fair_value": 103.030962,
        "relative_strength": -8.019353,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
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        "direction": 0.930982,
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 6543961.0,
        "trend": 92.937333,
        "fair_value": 103.410321,
        "relative_strength": -4.089255,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "mixed",
        "direction": 25.791804,
        "energy": 29.20537,
        "activity_lines": [
          93.066667,
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          86.798143,
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      },
      {
        "date": "2026-07-24",
        "close": 93.81,
        "volume": 3982173,
        "typical_volume": 6109969.75,
        "trend": 91.836333,
        "fair_value": 103.755385,
        "relative_strength": -4.703232,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 21.394517,
        "energy": 34.069744,
        "activity_lines": [
          93.704667,
          90.764,
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          88.292108
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      },
      {
        "date": "2026-07-31",
        "close": 99.54,
        "volume": 4765484,
        "typical_volume": 6053265.25,
        "trend": 91.029667,
        "fair_value": 104.141987,
        "relative_strength": 0.235837,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 33.372539,
        "energy": 42.577256,
        "activity_lines": [
          95.814667,
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          88.703429,
          88.789118
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      },
      {
        "date": "2026-08-07",
        "close": 112.62,
        "volume": 4946503,
        "typical_volume": 5912811.75,
        "trend": 90.621333,
        "fair_value": 104.61109,
        "relative_strength": 9.845872,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 58.885326,
        "energy": 65.709558,
        "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."
    }
  }
}