{
  "ticker": {
    "uuid": "5ce931b8-e89e-43f2-87de-262cf173920a",
    "symbol": "THO",
    "name": "Thor Industries Inc",
    "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": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -28.333,
    "architecture_energy": 13.587,
    "architecture_maturity": 80.086,
    "architecture_confidence": 58.544,
    "architecture_tenure": "Established",
    "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": 55.46,
        "rotation_up": 27.61,
        "upward_expansion": 19.34,
        "deceleration": 43.34,
        "rotation_down": 27.45,
        "downward_expansion": 55.67
      },
      "activity_lines": [
        76.867333,
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        76.347705,
        78.768385
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.166667
    },
    "latest_close": 79.55,
    "trend_reference": 85.278493,
    "distance_from_trend": -0.067174,
    "trend_direction": "Weakening",
    "fair_value": 94.609649,
    "distance_from_fair_value": -0.159177,
    "fair_value_direction": "Improving",
    "relative_strength": -24.501712,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.332513,
    "excess_performance": -0.458138,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.067174,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.095372,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.159177,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.042421,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.245017,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.044516,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.332513,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.01249,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 2455558,
      "relative_activity": 0.690888,
      "balance": 1.01249,
      "dry_up": 0.828959,
      "accumulation_observations": 2,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.086045,
      "annualized_volatility": 0.393402,
      "from_high_reference": -0.348,
      "from_low_reference": 0.149057
    },
    "levels": {
      "trend_reference": 85.278493,
      "fair_value_reference": 94.609649,
      "structural_low": 69.230703,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
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    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 25,
        "median_return": 0.026505,
        "positive_rate": 0.52,
        "directional_follow_through": 0.48,
        "median_excess_return": 0.013343,
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        "worst_return": -0.137586,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
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        "worst_return": -0.165184,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
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        "median_excess_return": 0.0025,
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        "worst_return": -0.199644,
        "sufficient": true
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      {
        "horizon": "Full cycle",
        "sample_count": 4,
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      {
        "regime": "upward_expansion",
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      {
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      {
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      },
      {
        "date": "2026-07-17",
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        "stage": 4,
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        "direction": -49.285048,
        "energy": 30.81389,
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      },
      {
        "date": "2026-07-24",
        "close": 76.66,
        "volume": 2976598,
        "typical_volume": 3710935.6,
        "trend": 87.244305,
        "fair_value": 94.942486,
        "relative_strength": -24.829827,
        "stage": 4,
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        "direction": -38.704602,
        "energy": 25.548003,
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      },
      {
        "date": "2026-07-31",
        "close": 74.97,
        "volume": 3002359,
        "typical_volume": 3669063.35,
        "trend": 86.269654,
        "fair_value": 94.750715,
        "relative_strength": -26.817894,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -49.042931,
        "energy": 28.325789,
        "activity_lines": [
          75.501333,
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      },
      {
        "date": "2026-08-07",
        "close": 79.55,
        "volume": 2455558,
        "typical_volume": 3554205.75,
        "trend": 85.278493,
        "fair_value": 94.609649,
        "relative_strength": -24.501712,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -28.332566,
        "energy": 13.587124,
        "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."
    }
  }
}