{
  "ticker": {
    "uuid": "6f479156-b49d-41f7-94dd-a9c36b8dd8e8",
    "symbol": "MARPS",
    "name": "Marine Petroleum Trust",
    "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": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 59.529,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "mixed",
    "architecture_direction": 7.922,
    "architecture_energy": 11.673,
    "architecture_maturity": 12.721,
    "architecture_confidence": 54.485,
    "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": 58.47,
        "rotation_up": 48.67,
        "upward_expansion": 33.67,
        "deceleration": 39.49,
        "rotation_down": 16.78,
        "downward_expansion": 17.67
      },
      "activity_lines": [
        4.800373,
        4.726447,
        4.740483,
        4.790414
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.5
    },
    "latest_close": 4.81,
    "trend_reference": 4.776176,
    "distance_from_trend": 0.007082,
    "trend_direction": "Improving",
    "fair_value": 3.978512,
    "distance_from_fair_value": 0.208995,
    "fair_value_direction": "Improving",
    "relative_strength": -8.132291,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.062256,
    "excess_performance": -0.125198,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.007082,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.039359,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.208995,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.000394,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.081323,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.013436,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.062256,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.395803,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 20192,
      "relative_activity": 0.255014,
      "balance": 2.395803,
      "dry_up": 0.523075,
      "accumulation_observations": 3,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.071357,
      "annualized_volatility": 0.402192,
      "from_high_reference": -0.244106,
      "from_low_reference": 0.235364
    },
    "levels": {
      "trend_reference": 4.776176,
      "fair_value_reference": 3.978512,
      "structural_low": 4.105092,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 28,
        "median_return": 0.021608,
        "positive_rate": 0.607143,
        "directional_follow_through": 0.607143,
        "median_excess_return": 0.02477,
        "regime_survival": 0.642857,
        "best_return": 1.313253,
        "worst_return": -0.160256,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 13,
        "median_return": 0.010042,
        "positive_rate": 0.538462,
        "directional_follow_through": 0.538462,
        "median_excess_return": -0.013698,
        "regime_survival": 0.538462,
        "best_return": 0.812524,
        "worst_return": -0.187839,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 8,
        "median_return": 0.040976,
        "positive_rate": 0.625,
        "directional_follow_through": 0.625,
        "median_excess_return": -0.02319,
        "regime_survival": 0.5,
        "best_return": 0.796888,
        "worst_return": -0.244489,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": 0.199803,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.056965,
        "regime_survival": 0.5,
        "best_return": 0.745953,
        "worst_return": -0.30744,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-09-06",
        "end": "2025-01-10",
        "tenure": "Established",
        "return": 0.140205,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-01-17",
        "end": "2025-02-14",
        "tenure": "Developing",
        "return": -0.077345,
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      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-06-06",
        "tenure": "Established",
        "return": -0.015168,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2025-08-01",
        "tenure": "Developing",
        "return": -0.011907,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-08-08",
        "end": "2025-08-29",
        "tenure": "New",
        "return": 0.107679,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-11-07",
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        "return": -0.034783,
        "active": false
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      {
        "regime": "balance",
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        "end": "2025-11-28",
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        "return": -0.032289,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-12-05",
        "end": "2025-12-26",
        "tenure": "New",
        "return": -0.020225,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-01-02",
        "end": "2026-01-23",
        "tenure": "New",
        "return": 0.110843,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "active": false
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        "active": false
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      {
        "regime": "deceleration",
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        "end": "2026-06-19",
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        "return": -0.132788,
        "active": false
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2026-07-24",
        "tenure": "Developing",
        "return": 0.058036,
        "active": false
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      {
        "regime": "balance",
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        "color": "blue",
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        "tenure": "New",
        "return": 0.014768,
        "active": true
      }
    ],
    "chart_path": [
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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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      },
      {
        "date": "2026-05-22",
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        "energy": 12.270986,
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 272444.75,
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      },
      {
        "date": "2026-06-05",
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      },
      {
        "date": "2026-06-12",
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        "modifier": "Momentum cooling",
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      },
      {
        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "stage": 3,
        "regime": "rotation_down",
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        "gate": "mixed",
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      },
      {
        "date": "2026-07-03",
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        "typical_volume": 229260.85,
        "trend": 4.653387,
        "fair_value": 3.961876,
        "relative_strength": -11.385003,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -18.114555,
        "energy": 35.471215,
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 219788.95,
        "trend": 4.678326,
        "fair_value": 3.967338,
        "relative_strength": -9.67819,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -22.77291,
        "energy": 24.874298,
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      },
      {
        "date": "2026-07-17",
        "close": 4.9978,
        "volume": 96333,
        "typical_volume": 214006.2,
        "trend": 4.706483,
        "fair_value": 3.974961,
        "relative_strength": -1.319222,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": 11.541517,
        "energy": 10.8656,
        "activity_lines": [
          4.745933,
          4.680925,
          4.770897,
          4.783383
        ]
      },
      {
        "date": "2026-07-24",
        "close": 4.74,
        "volume": 32058,
        "typical_volume": 139575.6,
        "trend": 4.724763,
        "fair_value": 3.976331,
        "relative_strength": -4.674184,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": 1.880594,
        "energy": 10.963516,
        "activity_lines": [
          4.783413,
          4.688961,
          4.75658,
          4.785546
        ]
      },
      {
        "date": "2026-07-31",
        "close": 4.74,
        "volume": 17085,
        "typical_volume": 90993.4,
        "trend": 4.749772,
        "fair_value": 3.976542,
        "relative_strength": -5.014016,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 4.185847,
        "energy": 12.114821,
        "activity_lines": [
          4.788893,
          4.699953,
          4.744554,
          4.786529
        ]
      },
      {
        "date": "2026-08-07",
        "close": 4.81,
        "volume": 20192,
        "typical_volume": 79179.85,
        "trend": 4.776176,
        "fair_value": 3.978512,
        "relative_strength": -8.132291,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 7.922444,
        "energy": 11.673058,
        "activity_lines": [
          4.800373,
          4.726447,
          4.740483,
          4.790414
        ]
      }
    ],
    "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."
    }
  }
}