{
  "ticker": {
    "uuid": "5bbfc34d-8002-436b-b14a-d6a629bc2e88",
    "symbol": "LQDT",
    "name": "Liquidity Services 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": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 80.776,
    "architecture_energy": 55.973,
    "architecture_maturity": 64.406,
    "architecture_confidence": 90.421,
    "architecture_tenure": "Established",
    "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": 10.43,
        "rotation_up": 63.17,
        "upward_expansion": 83.11,
        "deceleration": 62.64,
        "rotation_down": 21.79,
        "downward_expansion": 7.44
      },
      "activity_lines": [
        39.796,
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        37.798905,
        36.292086
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.833333
    },
    "latest_close": 42.06,
    "trend_reference": 34.538167,
    "distance_from_trend": 0.217783,
    "trend_direction": "Improving",
    "fair_value": 25.748622,
    "distance_from_fair_value": 0.633485,
    "fair_value_direction": "Improving",
    "relative_strength": 17.780261,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.293756,
    "excess_performance": 0.106302,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.217783,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.104874,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.633485,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.1229,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.177803,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.099732,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.293756,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.413317,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1527990,
      "relative_activity": 1.718515,
      "balance": 2.413317,
      "dry_up": 1.239192,
      "accumulation_observations": 4,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.061072,
      "annualized_volatility": 0.319155,
      "from_high_reference": -0.040164,
      "from_low_reference": 0.940932
    },
    "levels": {
      "trend_reference": 34.538167,
      "fair_value_reference": 25.748622,
      "structural_low": 27.89,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 27,
        "median_return": 0.01845,
        "positive_rate": 0.592593,
        "directional_follow_through": 0.592593,
        "median_excess_return": 0.007009,
        "regime_survival": 0.814815,
        "best_return": 0.254204,
        "worst_return": -0.14656,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
        "median_return": 0.04924,
        "positive_rate": 0.7,
        "directional_follow_through": 0.7,
        "median_excess_return": -0.010911,
        "regime_survival": 0.6,
        "best_return": 0.588025,
        "worst_return": -0.173138,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
        "median_return": 0.102253,
        "positive_rate": 0.571429,
        "directional_follow_through": 0.571429,
        "median_excess_return": -0.075722,
        "regime_survival": 0.571429,
        "best_return": 0.622642,
        "worst_return": -0.324089,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": 0.132459,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.077358,
        "regime_survival": 0.75,
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        "worst_return": -0.323693,
        "sufficient": false
      }
    ],
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        "color": "red",
        "start": "2024-02-16",
        "end": "2024-03-08",
        "tenure": "New",
        "return": 0.034342,
        "active": false
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      {
        "regime": "balance",
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      {
        "regime": "rotation_up",
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      {
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      },
      {
        "regime": "deceleration",
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        "color": "amber",
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        "regime": "rotation_down",
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        "active": false
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      },
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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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      },
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        "date": "2026-05-22",
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      },
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        "date": "2026-06-05",
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        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "trend": 33.386833,
        "fair_value": 25.177468,
        "relative_strength": 11.165395,
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        "modifier": "Re-accelerating",
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        "direction": 70.293461,
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      },
      {
        "date": "2026-07-17",
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        "volume": 1306039,
        "typical_volume": 888449.05,
        "trend": 33.652833,
        "fair_value": 25.324391,
        "relative_strength": 16.956133,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 71.78795,
        "energy": 59.146917,
        "activity_lines": [
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          36.546381,
          35.201688
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      },
      {
        "date": "2026-07-24",
        "close": 37.56,
        "volume": 780846,
        "typical_volume": 889976.95,
        "trend": 33.8665,
        "fair_value": 25.45875,
        "relative_strength": 12.474923,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.719828,
        "energy": 48.232203,
        "activity_lines": [
          38.579333,
          38.292545,
          36.810429,
          35.453763
        ]
      },
      {
        "date": "2026-07-31",
        "close": 38.98,
        "volume": 792356,
        "typical_volume": 884281.45,
        "trend": 34.1795,
        "fair_value": 25.593237,
        "relative_strength": 15.447387,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.062509,
        "energy": 47.013565,
        "activity_lines": [
          38.670667,
          38.521091,
          37.183095,
          35.783667
        ]
      },
      {
        "date": "2026-08-07",
        "close": 42.06,
        "volume": 1527990,
        "typical_volume": 889134.15,
        "trend": 34.538167,
        "fair_value": 25.748622,
        "relative_strength": 17.780261,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 80.775894,
        "energy": 55.972851,
        "activity_lines": [
          39.796,
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          37.798905,
          36.292086
        ]
      }
    ],
    "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."
    }
  }
}