{
  "ticker": {
    "uuid": "75e12012-9a85-4ca2-aeef-9d3f445c8302",
    "symbol": "AYI",
    "name": "Acuity Brands 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": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 81.488,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 71.178,
    "architecture_energy": 44.262,
    "architecture_maturity": 38.282,
    "architecture_confidence": 50.752,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 34.63,
        "rotation_up": 46.46,
        "upward_expansion": 69.91,
        "deceleration": 72.66,
        "rotation_down": 23.78,
        "downward_expansion": 10.24
      },
      "activity_lines": [
        340.148699,
        338.501136,
        322.741599,
        312.76062
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
    },
    "latest_close": 359.58,
    "trend_reference": 305.572085,
    "distance_from_trend": 0.176744,
    "trend_direction": "Weakening",
    "fair_value": 276.623792,
    "distance_from_fair_value": 0.299888,
    "fair_value_direction": "Improving",
    "relative_strength": -1.338897,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.095727,
    "excess_performance": -0.029898,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.176744,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.02875,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.299888,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.185234,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.013389,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.157897,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.095727,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.976441,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 1494321,
      "relative_activity": 0.77408,
      "balance": 0.976441,
      "dry_up": 0.761322,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.072363,
      "annualized_volatility": 0.361602,
      "from_high_reference": -0.052915,
      "from_low_reference": 0.399882
    },
    "levels": {
      "trend_reference": 305.572085,
      "fair_value_reference": 276.623792,
      "structural_low": 256.864444,
      "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": 8,
        "median_return": 0.017688,
        "positive_rate": 0.625,
        "directional_follow_through": 0.625,
        "median_excess_return": 0.010118,
        "regime_survival": 0.5,
        "best_return": 0.182795,
        "worst_return": -0.076397,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": -0.094555,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.05631,
        "regime_survival": 0.4,
        "best_return": 0.169348,
        "worst_return": -0.213496,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.112876,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.031109,
        "regime_survival": 0.25,
        "best_return": 0.238148,
        "worst_return": -0.269539,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.049924,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.063775,
        "regime_survival": 0.0,
        "best_return": -0.004267,
        "worst_return": -0.095581,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-09-27",
        "end": "2024-10-11",
        "tenure": "New",
        "return": 0.140741,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-10-18",
        "end": "2024-12-20",
        "tenure": "Developing",
        "return": -0.01577,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-12-27",
        "end": "2025-01-24",
        "tenure": "Developing",
        "return": 0.125214,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-01-31",
        "end": "2025-03-14",
        "tenure": "Developing",
        "return": -0.209148,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-03-21",
        "end": "2025-04-04",
        "tenure": "New",
        "return": -0.11583,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-11",
        "end": "2025-06-13",
        "tenure": "Developing",
        "return": 0.108513,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-20",
        "end": "2025-07-04",
        "tenure": "New",
        "return": 0.11828,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-08-22",
        "tenure": "Developing",
        "return": 0.095331,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2026-01-23",
        "tenure": "Established",
        "return": -0.033907,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "tenure": "Developing",
        "return": -0.024122,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-03-06",
        "end": "2026-05-29",
        "tenure": "Established",
        "return": 0.108556,
        "active": false
      },
      {
        "regime": "balance",
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        "color": "blue",
        "start": "2026-06-05",
        "end": "2026-06-19",
        "tenure": "New",
        "return": 0.050953,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "active": false
      },
      {
        "regime": "deceleration",
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        "return": 0.0,
        "active": true
      }
    ],
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      {
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      },
      {
        "date": "2026-07-03",
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      },
      {
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 2091921.15,
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        "relative_strength": -5.160545,
        "stage": 3,
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        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 35.735336,
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      },
      {
        "date": "2026-07-24",
        "close": 330.14,
        "volume": 1169075,
        "typical_volume": 1989714.9,
        "trend": 305.905145,
        "fair_value": 274.311814,
        "relative_strength": -5.503568,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 59.651435,
        "energy": 52.587278,
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      },
      {
        "date": "2026-07-31",
        "close": 328.39,
        "volume": 1770100,
        "typical_volume": 1952279.6,
        "trend": 304.423495,
        "fair_value": 275.366785,
        "relative_strength": -6.814291,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 53.036731,
        "energy": 34.411449,
        "activity_lines": [
          332.554395,
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      },
      {
        "date": "2026-08-07",
        "close": 359.58,
        "volume": 1494321,
        "typical_volume": 1930447.55,
        "trend": 305.572085,
        "fair_value": 276.623792,
        "relative_strength": -1.338897,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 71.178099,
        "energy": 44.262227,
        "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."
    }
  }
}