{
  "ticker": {
    "uuid": "5074b1e1-df71-4538-b917-3346ed602cc6",
    "symbol": "MAYS",
    "name": "J W Mays 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": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 88.525,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -59.838,
    "architecture_energy": 61.251,
    "architecture_maturity": 11.088,
    "architecture_confidence": 92.03,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 31.31,
        "rotation_up": 12.66,
        "upward_expansion": 12.91,
        "deceleration": 40.43,
        "rotation_down": 63.12,
        "downward_expansion": 83.91
      },
      "activity_lines": [
        38.655333,
        39.203273,
        40.194286,
        40.825204
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.5
    },
    "latest_close": 38.79,
    "trend_reference": 41.4245,
    "distance_from_trend": -0.063598,
    "trend_direction": "Improving",
    "fair_value": 41.873222,
    "distance_from_fair_value": -0.073632,
    "fair_value_direction": "Weakening",
    "relative_strength": -15.570871,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.015982,
    "excess_performance": -0.203435,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.063598,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.010439,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.073632,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.079179,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.155709,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.048673,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.015982,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.195795,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 1845,
      "relative_activity": 0.257768,
      "balance": 0.195795,
      "dry_up": 0.249455,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.044266,
      "annualized_volatility": 0.622191,
      "from_high_reference": -0.374254,
      "from_low_reference": 0.037166
    },
    "levels": {
      "trend_reference": 41.4245,
      "fair_value_reference": 41.873222,
      "structural_low": 38.0,
      "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": 14,
        "median_return": 0.006806,
        "positive_rate": 0.571429,
        "directional_follow_through": 0.428571,
        "median_excess_return": -0.004289,
        "regime_survival": 0.642857,
        "best_return": 0.10407,
        "worst_return": -0.061825,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": 0.000804,
        "positive_rate": 0.571429,
        "directional_follow_through": 0.428571,
        "median_excess_return": -0.082077,
        "regime_survival": 0.571429,
        "best_return": 0.078479,
        "worst_return": -0.111907,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.00651,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.148675,
        "regime_survival": 0.25,
        "best_return": 0.200829,
        "worst_return": -0.138369,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.024756,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.278887,
        "regime_survival": 0.333333,
        "best_return": 0.069461,
        "worst_return": -0.054239,
        "sufficient": false
      }
    ],
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        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "start": "2024-10-04",
        "end": "2024-10-11",
        "tenure": "New",
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        "regime": "rotation_down",
        "label": "Rotation Down",
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        "tenure": "Developing",
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      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-22",
        "end": "2025-01-10",
        "tenure": "Developing",
        "return": 0.047617,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "active": false
      },
      {
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        "active": false
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      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-02-14",
        "end": "2025-06-20",
        "tenure": "Established",
        "return": 0.00025,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-10-10",
        "tenure": "Established",
        "return": -0.044025,
        "active": false
      },
      {
        "regime": "upward_expansion",
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        "regime": "deceleration",
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        "date": "2026-05-08",
        "close": 42.54,
        "volume": 5492,
        "typical_volume": 6258.65,
        "trend": 40.636537,
        "fair_value": 42.305343,
        "relative_strength": -10.703531,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 25.669729,
        "energy": 12.526308,
        "activity_lines": [
          41.197333,
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          41.446402
        ]
      },
      {
        "date": "2026-05-15",
        "close": 42.54,
        "volume": 315,
        "typical_volume": 6152.55,
        "trend": 40.739537,
        "fair_value": 42.289574,
        "relative_strength": -10.108272,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 30.392424,
        "energy": 13.367926,
        "activity_lines": [
          41.717333,
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          42.047,
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        ]
      },
      {
        "date": "2026-05-22",
        "close": 41.4,
        "volume": 22853,
        "typical_volume": 7137.6,
        "trend": 40.845537,
        "fair_value": 42.266106,
        "relative_strength": -13.169745,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 28.1802,
        "energy": 14.657185,
        "activity_lines": [
          41.748,
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          41.995405,
          41.611817
        ]
      },
      {
        "date": "2026-05-29",
        "close": 42.75,
        "volume": 1983,
        "typical_volume": 7192.3,
        "trend": 40.996537,
        "fair_value": 42.249312,
        "relative_strength": -12.499181,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 41.272376,
        "energy": 27.0669,
        "activity_lines": [
          42.168667,
          41.594909,
          42.065429,
          41.734686
        ]
      },
      {
        "date": "2026-06-05",
        "close": 42.04,
        "volume": 948,
        "typical_volume": 7222.5,
        "trend": 41.12387,
        "fair_value": 42.236683,
        "relative_strength": -9.603443,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 34.289746,
        "energy": 25.521793,
        "activity_lines": [
          42.201333,
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          42.054738,
          41.802006
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      },
      {
        "date": "2026-06-12",
        "close": 41.6,
        "volume": 1692,
        "typical_volume": 7292.9,
        "trend": 41.236537,
        "fair_value": 42.187132,
        "relative_strength": -12.224644,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 28.653819,
        "energy": 15.245916,
        "activity_lines": [
          41.983333,
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          41.832724
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      },
      {
        "date": "2026-06-19",
        "close": 44.6,
        "volume": 9683,
        "typical_volume": 7769.8,
        "trend": 41.44387,
        "fair_value": 42.156812,
        "relative_strength": -7.913573,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 71.102721,
        "energy": 52.115107,
        "activity_lines": [
          42.828,
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          42.049722
        ]
      },
      {
        "date": "2026-06-26",
        "close": 39.94,
        "volume": 53743,
        "typical_volume": 10322.4,
        "trend": 41.49187,
        "fair_value": 42.132388,
        "relative_strength": -13.235757,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 6.712051,
        "energy": 4.042767,
        "activity_lines": [
          41.982,
          42.010909,
          41.958286,
          41.952698
        ]
      },
      {
        "date": "2026-07-03",
        "close": 39.0,
        "volume": 622,
        "typical_volume": 10301.4,
        "trend": 41.508537,
        "fair_value": 42.10194,
        "relative_strength": -15.67231,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -39.468409,
        "energy": 34.813355,
        "activity_lines": [
          40.92,
          41.495091,
          41.616357,
          41.791932
        ]
      },
      {
        "date": "2026-07-10",
        "close": 38.0,
        "volume": 1472,
        "typical_volume": 9832.85,
        "trend": 41.500203,
        "fair_value": 42.065081,
        "relative_strength": -18.902383,
        "stage": 1,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -48.944154,
        "energy": 60.099717,
        "activity_lines": [
          39.774667,
          40.824364,
          41.17919,
          41.565575
        ]
      },
      {
        "date": "2026-07-17",
        "close": 38.0,
        "volume": 447,
        "typical_volume": 8280.7,
        "trend": 41.515203,
        "fair_value": 42.028222,
        "relative_strength": -15.039084,
        "stage": 1,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -76.688543,
        "energy": 82.455081,
        "activity_lines": [
          38.898667,
          40.198727,
          40.822976,
          41.339755
        ]
      },
      {
        "date": "2026-07-24",
        "close": 39.0,
        "volume": 2812,
        "typical_volume": 7907.25,
        "trend": 41.5055,
        "fair_value": 41.987388,
        "relative_strength": -11.114333,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.550399,
        "energy": 77.3047,
        "activity_lines": [
          38.596,
          39.837455,
          40.59781,
          41.177484
        ]
      },
      {
        "date": "2026-07-31",
        "close": 38.72,
        "volume": 2038,
        "typical_volume": 7522.05,
        "trend": 41.464833,
        "fair_value": 41.91976,
        "relative_strength": -11.794158,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.602008,
        "energy": 73.067082,
        "activity_lines": [
          38.573333,
          39.489636,
          40.374548,
          40.997774
        ]
      },
      {
        "date": "2026-08-07",
        "close": 38.79,
        "volume": 1845,
        "typical_volume": 7157.6,
        "trend": 41.4245,
        "fair_value": 41.873222,
        "relative_strength": -15.570871,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.837972,
        "energy": 61.251409,
        "activity_lines": [
          38.655333,
          39.203273,
          40.194286,
          40.825204
        ]
      }
    ],
    "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."
    }
  }
}