{
  "ticker": {
    "uuid": "6b5e54b5-f8e0-41e4-b1ac-fab9507359b1",
    "symbol": "RJF",
    "name": "Raymond James Financial 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": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 68.25,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 75.836,
    "architecture_energy": 82.433,
    "architecture_maturity": 12.033,
    "architecture_confidence": 70.737,
    "architecture_tenure": "New",
    "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": 11.11,
        "rotation_up": 82.23,
        "upward_expansion": 96.87,
        "deceleration": 39.11,
        "rotation_down": 8.94,
        "downward_expansion": 18.87
      },
      "activity_lines": [
        173.297333,
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        157.983513
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 176.56,
    "trend_reference": 156.883923,
    "distance_from_trend": 0.125418,
    "trend_direction": "Improving",
    "fair_value": 138.029558,
    "distance_from_fair_value": 0.279146,
    "fair_value_direction": "Improving",
    "relative_strength": -1.426719,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.029539,
    "excess_performance": -0.096086,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.125418,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.004882,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.279146,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.121139,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.014267,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.12013,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.029539,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.772244,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 4058268,
      "relative_activity": 0.613182,
      "balance": 1.772244,
      "dry_up": 0.916601,
      "accumulation_observations": 3,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.051535,
      "annualized_volatility": 0.247926,
      "from_high_reference": -0.033766,
      "from_low_reference": 0.271863
    },
    "levels": {
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      "fair_value_reference": 138.029558,
      "structural_low": 138.82,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 25,
        "median_return": -0.004086,
        "positive_rate": 0.44,
        "directional_follow_through": 0.44,
        "median_excess_return": -0.019747,
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        "worst_return": -0.136143,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "sufficient": true
      },
      {
        "horizon": "Extended",
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        "sufficient": true
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        "horizon": "Full cycle",
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        "worst_return": -0.145152,
        "sufficient": false
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        "regime": "downward_expansion",
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        "regime": "deceleration",
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        "date": "2026-04-17",
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        "date": "2026-06-05",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "stage": 3,
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        "modifier": "Balance after decline",
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      },
      {
        "date": "2026-07-17",
        "close": 168.36,
        "volume": 6775200,
        "typical_volume": 6801817.45,
        "trend": 155.962761,
        "fair_value": 136.684626,
        "relative_strength": -2.966339,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 45.468559,
        "energy": 61.586213,
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          163.763305,
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      },
      {
        "date": "2026-07-24",
        "close": 169.3,
        "volume": 7567557,
        "typical_volume": 6872230.95,
        "trend": 156.134825,
        "fair_value": 137.096863,
        "relative_strength": -1.559661,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 43.268934,
        "energy": 66.838042,
        "activity_lines": [
          166.603327,
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      },
      {
        "date": "2026-07-31",
        "close": 175.98,
        "volume": 5864617,
        "typical_volume": 6826055.9,
        "trend": 156.56795,
        "fair_value": 137.56018,
        "relative_strength": 1.440385,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 77.319781,
        "energy": 81.907752,
        "activity_lines": [
          170.738667,
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      },
      {
        "date": "2026-08-07",
        "close": 176.56,
        "volume": 4058268,
        "typical_volume": 6618379.2,
        "trend": 156.883923,
        "fair_value": 138.029558,
        "relative_strength": -1.426719,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 75.835901,
        "energy": 82.432721,
        "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."
    }
  }
}