{
  "ticker": {
    "uuid": "62fbc7d6-bdbf-4f7b-adcf-655fe5b23bae",
    "symbol": "DY",
    "name": "Dycom 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": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 50.2,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Upper balance after advance",
    "architecture_gate": "up",
    "architecture_direction": 5.316,
    "architecture_energy": 13.842,
    "architecture_maturity": 12.202,
    "architecture_confidence": 93.316,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 59.52,
        "rotation_up": 17.01,
        "upward_expansion": 40.58,
        "deceleration": 82.65,
        "rotation_down": 39.07,
        "downward_expansion": 34.58
      },
      "activity_lines": [
        411.573333,
        426.329636,
        433.870095,
        423.54871
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.5
    },
    "latest_close": 407.99,
    "trend_reference": 410.833,
    "distance_from_trend": -0.00692,
    "trend_direction": "Improving",
    "fair_value": 228.832051,
    "distance_from_fair_value": 0.782923,
    "fair_value_direction": "Weakening",
    "relative_strength": 0.456052,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.018778,
    "excess_performance": -0.106847,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.00692,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.092937,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.782923,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.351176,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.004561,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.213831,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.018778,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.129005,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1875550,
      "relative_activity": 0.772803,
      "balance": 1.129005,
      "dry_up": 0.915181,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.143245,
      "annualized_volatility": 0.527142,
      "from_high_reference": -0.279761,
      "from_low_reference": 0.75103
    },
    "levels": {
      "trend_reference": 410.833,
      "fair_value_reference": 228.832051,
      "structural_low": 323.785,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 11,
        "median_return": 0.015185,
        "positive_rate": 0.636364,
        "directional_follow_through": 0.636364,
        "median_excess_return": 0.013787,
        "regime_survival": 0.545455,
        "best_return": 0.125999,
        "worst_return": -0.110714,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": 0.190485,
        "positive_rate": 0.833333,
        "directional_follow_through": 0.833333,
        "median_excess_return": 0.168695,
        "regime_survival": 0.333333,
        "best_return": 0.403149,
        "worst_return": -0.095496,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.190286,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.224867,
        "regime_survival": 0.0,
        "best_return": 0.418325,
        "worst_return": -0.049653,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.532621,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.571313,
        "regime_survival": 0.0,
        "best_return": 0.995639,
        "worst_return": 0.409865,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2023-10-06",
        "end": "2023-12-08",
        "tenure": "Developing",
        "return": 0.284159,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2023-12-15",
        "end": "2024-01-12",
        "tenure": "Developing",
        "return": 0.002298,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-01-19",
        "end": "2024-09-06",
        "tenure": "Extended",
        "return": 0.492406,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-09-13",
        "end": "2024-09-20",
        "tenure": "New",
        "return": 0.059381,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-09-27",
        "end": "2024-11-22",
        "tenure": "Developing",
        "return": -0.065028,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-11-29",
        "end": "2025-03-07",
        "tenure": "Established",
        "return": -0.221903,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-03-14",
        "end": "2025-05-16",
        "tenure": "Developing",
        "return": 0.252362,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-06-06",
        "tenure": "New",
        "return": 0.07913,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-06-13",
        "end": "2025-09-05",
        "tenure": "Established",
        "return": 0.065151,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-09-12",
        "end": "2025-09-26",
        "tenure": "New",
        "return": 0.114839,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-10-03",
        "end": "2026-03-13",
        "tenure": "Established",
        "return": 0.212184,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2026-04-24",
        "tenure": "Developing",
        "return": 0.221,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "start": "2026-05-01",
        "end": "2026-07-24",
        "tenure": "Established",
        "return": -0.008741,
        "active": false
      },
      {
        "regime": "balance",
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        "color": "blue",
        "start": "2026-07-31",
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        "tenure": "New",
        "return": 0.017254,
        "active": true
      }
    ],
    "chart_path": [
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      },
      {
        "date": "2026-07-17",
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        "direction": 23.704896,
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 2435271.1,
        "trend": 406.743333,
        "fair_value": 224.862564,
        "relative_strength": 11.535231,
        "stage": 2,
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        "modifier": "Re-accelerating",
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        "direction": 25.010245,
        "energy": 19.219881,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 401.07,
        "volume": 3229066,
        "typical_volume": 2468099.45,
        "trend": 408.527,
        "fair_value": 226.827244,
        "relative_strength": 2.537652,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 4.945099,
        "energy": 13.41584,
        "activity_lines": [
          415.674667,
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      },
      {
        "date": "2026-08-07",
        "close": 407.99,
        "volume": 1875550,
        "typical_volume": 2426945.75,
        "trend": 410.833,
        "fair_value": 228.832051,
        "relative_strength": 0.456052,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 5.316256,
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        "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."
    }
  }
}