{ "ticker": { "uuid": "800cdd57-0865-4619-a38c-4e679ef429e7", "symbol": "TNC", "name": "Tennant Company", "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": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 86.579, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": -8.576, "architecture_energy": 14.413, "architecture_maturity": 64.177, "architecture_confidence": 74.984, "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": 62.21, "rotation_up": 17.22, "upward_expansion": 47.55, "deceleration": 85.07, "rotation_down": 36.35, "downward_expansion": 25.55 }, "activity_lines": [ 81.776667, 84.462182, 84.465484, 81.856746 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 73.89, "trend_reference": 79.270989, "distance_from_trend": -0.067881, "trend_direction": "Improving", "fair_value": 84.163408, "distance_from_fair_value": -0.122065, "fair_value_direction": "Weakening", "relative_strength": -15.938685, "relative_strength_direction": "Weakening", "price_momentum": -0.090732, "excess_performance": -0.216357, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.067881, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.052821, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.122065, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.162494, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.159387, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.169064, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.090732, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.14582, "read": "Demand-led" } ], "volume": { "latest": 1527626, "relative_activity": 1.474991, "balance": 1.14582, "dry_up": 0.91403, "accumulation_observations": 0, "distribution_observations": 1 }, "risk": { "range_context": 0.089619, "annualized_volatility": 0.541648, "from_high_reference": -0.196236, "from_low_reference": 0.233985 }, "levels": { "trend_reference": 79.270989, "fair_value_reference": 84.163408, "structural_low": 59.879183, 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87.192472, 82.758631, 80.297067 ] }, { "date": "2026-07-10", "close": 85.55, "volume": 625516, "typical_volume": 1277121.5, "trend": 78.208367, "fair_value": 84.052636, "relative_strength": -1.452304, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.193181, "energy": 49.899487, "activity_lines": [ 87.966667, 87.116651, 83.451546, 80.790535 ] }, { "date": "2026-07-17", "close": 86.11, "volume": 714758, "typical_volume": 1171768.95, "trend": 78.614136, "fair_value": 84.115865, "relative_strength": 0.93272, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.389036, "energy": 40.579502, "activity_lines": [ 87.216, 87.086886, 84.183991, 81.300318 ] }, { "date": "2026-07-24", "close": 87.77, "volume": 903137, "typical_volume": 1141125.8, "trend": 79.04715, "fair_value": 84.188136, "relative_strength": 3.666039, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.07559, "energy": 31.389395, "activity_lines": [ 87.07, 87.371621, 84.954059, 81.891019 ] }, { "date": "2026-07-31", "close": 84.03, "volume": 641069, "typical_volume": 1080081.85, "trend": 79.404075, "fair_value": 84.212084, "relative_strength": -1.542218, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.787273, "energy": 21.768337, "activity_lines": [ 85.876, 86.842909, 85.241554, 82.212493 ] }, { "date": "2026-08-07", "close": 73.89, "volume": 1527626, "typical_volume": 1035685.3, "trend": 79.270989, "fair_value": 84.163408, "relative_strength": -15.938685, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -8.575814, "energy": 14.412886, "activity_lines": [ 81.776667, 84.462182, 84.465484, 81.856746 ] } ], "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." } } }