{
  "ticker": {
    "uuid": "793ae74d-e8f1-4f8e-843b-a70a82c1a1dc",
    "symbol": "NN",
    "name": "Nextnav Acquisition Corp",
    "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": 4,
    "stage_name": "Declining",
    "phase": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 58.397,
    "architecture_regime": "rotation_down",
    "architecture_regime_label": "Rotation Down",
    "architecture_modifier": "Supply rotation",
    "architecture_gate": "mixed",
    "architecture_direction": -35.471,
    "architecture_energy": 56.729,
    "architecture_maturity": 10.961,
    "architecture_confidence": 68.238,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating downward.",
        "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion."
      },
      "scores": {
        "balance": 23.89,
        "rotation_up": 17.82,
        "upward_expansion": 20.19,
        "deceleration": 43.9,
        "rotation_down": 68.28,
        "downward_expansion": 61.86
      },
      "activity_lines": [
        14.228667,
        15.225636,
        17.140857,
        17.421247
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.833333
    },
    "latest_close": 16.31,
    "trend_reference": 17.388333,
    "distance_from_trend": -0.062015,
    "trend_direction": "Improving",
    "fair_value": 11.517276,
    "distance_from_fair_value": 0.416134,
    "fair_value_direction": "Weakening",
    "relative_strength": -12.620691,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.086609,
    "excess_performance": -0.100845,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.062015,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.03502,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.416134,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.506189,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.126207,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.190708,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.086609,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.779417,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 19474669,
      "relative_activity": 1.53863,
      "balance": 0.779417,
      "dry_up": 1.102125,
      "accumulation_observations": 3,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.188201,
      "annualized_volatility": 0.898155,
      "from_high_reference": -0.332105,
      "from_low_reference": 0.50046
    },
    "levels": {
      "trend_reference": 17.388333,
      "fair_value_reference": 11.517276,
      "structural_low": 12.035,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 3,
        "median_return": 0.096014,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.147295,
        "regime_survival": 0.333333,
        "best_return": 0.201267,
        "worst_return": 0.064419,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": 0.120708,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.07569,
        "regime_survival": 0.0,
        "best_return": 0.165761,
        "worst_return": 0.075655,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": 0.50664,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.356935,
        "regime_survival": 0.0,
        "best_return": 0.561594,
        "worst_return": 0.451685,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": 0.541667,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.297666,
        "regime_survival": 0.0,
        "best_return": 0.541667,
        "worst_return": 0.541667,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-08-16",
        "end": "2024-10-25",
        "tenure": "Developing",
        "return": 0.430328,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-11-01",
        "end": "2025-01-10",
        "tenure": "Developing",
        "return": 0.00251,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-01-17",
        "end": "2025-03-07",
        "tenure": "Developing",
        "return": -0.171671,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-03-14",
        "end": "2025-03-28",
        "tenure": "New",
        "return": 0.169384,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-04-04",
        "end": "2025-06-27",
        "tenure": "Established",
        "return": 0.267452,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-07-04",
        "end": "2025-07-11",
        "tenure": "New",
        "return": 0.013183,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-18",
        "end": "2025-08-08",
        "tenure": "New",
        "return": -0.045802,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-08-15",
        "end": "2025-08-29",
        "tenure": "New",
        "return": 0.227429,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-09-05",
        "end": "2025-10-24",
        "tenure": "Developing",
        "return": -0.170717,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-10-31",
        "end": "2025-12-12",
        "tenure": "Developing",
        "return": 0.229213,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-12-19",
        "end": "2026-01-30",
        "tenure": "Developing",
        "return": -0.144729,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-02-06",
        "end": "2026-03-13",
        "tenure": "Developing",
        "return": 0.133911,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-03-20",
        "end": "2026-07-17",
        "tenure": "Established",
        "return": -0.272423,
        "active": false
      },
      {
        "regime": "rotation_down",
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        "color": "orange",
        "start": "2026-07-24",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.311093,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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        "typical_volume": 1379084.45,
        "trend": 2.717,
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      },
      {
        "date": "2023-08-25",
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      },
      {
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      {
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      },
      {
        "date": "2023-09-15",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 11754109.0,
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        "fair_value": 11.319327,
        "relative_strength": -28.226235,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "mixed",
        "direction": -35.555275,
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      },
      {
        "date": "2026-07-24",
        "close": 12.44,
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        "typical_volume": 11940603.75,
        "trend": 17.425667,
        "fair_value": 11.380032,
        "relative_strength": -30.056239,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -41.295114,
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          14.147333,
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      },
      {
        "date": "2026-07-31",
        "close": 13.11,
        "volume": 10079042,
        "typical_volume": 12221220.25,
        "trend": 17.322,
        "fair_value": 11.441571,
        "relative_strength": -26.267533,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -42.442298,
        "energy": 67.140487,
        "activity_lines": [
          13.518,
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 16.31,
        "volume": 19474669,
        "typical_volume": 12657150.95,
        "trend": 17.388333,
        "fair_value": 11.517276,
        "relative_strength": -12.620691,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -35.471377,
        "energy": 56.728554,
        "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."
    }
  }
}