{
  "ticker": {
    "uuid": "853718a6-9185-4c34-b2ae-a7274e7a7c33",
    "symbol": "EDRY",
    "name": "EuroDry Ltd",
    "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": 2,
    "stage_name": "Advancing",
    "phase": "2c",
    "phase_label": "Stage 2C \u00b7 Late advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 88.586,
    "architecture_energy": 82.631,
    "architecture_maturity": 22.0,
    "architecture_confidence": 80.245,
    "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": 23.53,
        "rotation_up": 75.85,
        "upward_expansion": 88.21,
        "deceleration": 47.7,
        "rotation_down": 9.21,
        "downward_expansion": 17.21
      },
      "activity_lines": [
        27.877333,
        25.463273,
        23.841429,
        22.624129
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.5
    },
    "latest_close": 34.72,
    "trend_reference": 20.626067,
    "distance_from_trend": 0.683307,
    "trend_direction": "Improving",
    "fair_value": 16.490216,
    "distance_from_fair_value": 1.105491,
    "fair_value_direction": "Improving",
    "relative_strength": 80.066179,
    "relative_strength_direction": "Improving",
    "price_momentum": 1.695652,
    "excess_performance": 1.508199,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.683307,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.219664,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 1.105491,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.725227,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.800662,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.458085,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 1.695652,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 4.446884,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 445590,
      "relative_activity": 1.958291,
      "balance": 4.446884,
      "dry_up": 2.387701,
      "accumulation_observations": 4,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.107393,
      "annualized_volatility": 0.697963,
      "from_high_reference": -0.002299,
      "from_low_reference": 2.463964
    },
    "levels": {
      "trend_reference": 20.626067,
      "fair_value_reference": 16.490216,
      "structural_low": 12.94,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 27,
        "median_return": 0.006382,
        "positive_rate": 0.518519,
        "directional_follow_through": 0.518519,
        "median_excess_return": 0.001299,
        "regime_survival": 0.703704,
        "best_return": 0.541374,
        "worst_return": -0.388192,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
        "median_return": 0.031205,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.052247,
        "regime_survival": 0.5,
        "best_return": 0.482025,
        "worst_return": -0.556281,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.20351,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.379983,
        "regime_survival": 0.166667,
        "best_return": 0.855202,
        "worst_return": -0.637688,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.234237,
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        "best_return": 0.300852,
        "worst_return": -0.451187,
        "sufficient": false
      }
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        "regime": "rotation_up",
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        "end": "2023-11-17",
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        "regime": "upward_expansion",
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      },
      {
        "regime": "deceleration",
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        "end": "2024-06-07",
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        "return": 0.100999,
        "active": false
      },
      {
        "regime": "balance",
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        "regime": "rotation_down",
        "label": "Rotation Down",
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        "end": "2024-09-06",
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        "return": -0.009901,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2025-07-04",
        "tenure": "Extended",
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      {
        "regime": "balance",
        "label": "Balance",
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      },
      {
        "date": "2026-05-01",
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        "fair_value": 15.659063,
        "relative_strength": 33.903681,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
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      },
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        "date": "2026-05-08",
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      },
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        "date": "2026-05-15",
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        "typical_volume": 111153.55,
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 117747.85,
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        "relative_strength": 40.633793,
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      },
      {
        "date": "2026-05-29",
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      },
      {
        "date": "2026-06-05",
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      },
      {
        "date": "2026-06-12",
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      },
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        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "trend": 18.191593,
        "fair_value": 16.065922,
        "relative_strength": 26.330889,
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        "gate": "up",
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        "energy": 33.866371,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
        "close": 22.09,
        "volume": 134422,
        "typical_volume": 155480.45,
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        "fair_value": 16.117845,
        "relative_strength": 24.405794,
        "stage": 2,
        "regime": "upward_expansion",
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      },
      {
        "date": "2026-07-10",
        "close": 22.0,
        "volume": 162915,
        "typical_volume": 159565.55,
        "trend": 18.762927,
        "fair_value": 16.167877,
        "relative_strength": 20.549555,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 36.632124,
        "energy": 22.385837,
        "activity_lines": [
          22.203333,
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          21.780619,
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      },
      {
        "date": "2026-07-17",
        "close": 22.11,
        "volume": 171620,
        "typical_volume": 155969.7,
        "trend": 19.064733,
        "fair_value": 16.220826,
        "relative_strength": 25.141071,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 34.611332,
        "energy": 18.684944,
        "activity_lines": [
          22.129333,
          22.317091,
          21.862476,
          20.886766
        ]
      },
      {
        "date": "2026-07-24",
        "close": 24.1,
        "volume": 1168610,
        "typical_volume": 201364.6,
        "trend": 19.439733,
        "fair_value": 16.283165,
        "relative_strength": 36.948382,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 58.177465,
        "energy": 30.467348,
        "activity_lines": [
          22.742,
          22.630364,
          22.133238,
          21.211622
        ]
      },
      {
        "date": "2026-07-31",
        "close": 26.51,
        "volume": 387372,
        "typical_volume": 213692.05,
        "trend": 19.8964,
        "fair_value": 16.361435,
        "relative_strength": 47.725432,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 69.07418,
        "energy": 47.082941,
        "activity_lines": [
          24.091333,
          23.328364,
          22.614952,
          21.667768
        ]
      },
      {
        "date": "2026-08-07",
        "close": 34.72,
        "volume": 445590,
        "typical_volume": 227540.25,
        "trend": 20.626067,
        "fair_value": 16.490216,
        "relative_strength": 80.066179,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 88.585608,
        "energy": 82.630509,
        "activity_lines": [
          27.877333,
          25.463273,
          23.841429,
          22.624129
        ]
      }
    ],
    "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."
    }
  }
}