{
  "ticker": {
    "uuid": "8aef8fd0-9914-4491-a9bf-c7f1e72f4df5",
    "symbol": "AGM",
    "name": "Federal Agricultural Mortgage Corporation",
    "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": 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": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 91.034,
    "architecture_energy": 94.755,
    "architecture_maturity": 38.0,
    "architecture_confidence": 78.739,
    "architecture_tenure": "Developing",
    "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": 0.0,
        "rotation_up": 88.14,
        "upward_expansion": 99.46,
        "deceleration": 39.24,
        "rotation_down": 8.89,
        "downward_expansion": 21.46
      },
      "activity_lines": [
        222.010667,
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        196.555249,
        186.273363
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 235.54,
    "trend_reference": 175.839301,
    "distance_from_trend": 0.339519,
    "trend_direction": "Improving",
    "fair_value": 173.241453,
    "distance_from_fair_value": 0.359605,
    "fair_value_direction": "Improving",
    "relative_strength": 20.672724,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.397581,
    "excess_performance": 0.271956,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.339519,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.067313,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.359605,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.293568,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.206727,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.270833,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.397581,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 13.900054,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 586726,
      "relative_activity": 1.014512,
      "balance": 13.900054,
      "dry_up": 1.1428,
      "accumulation_observations": 6,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.052546,
      "annualized_volatility": 0.351323,
      "from_high_reference": -0.051332,
      "from_low_reference": 0.739725
    },
    "levels": {
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      "fair_value_reference": 173.241453,
      "structural_low": 135.389237,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 28,
        "median_return": -0.018081,
        "positive_rate": 0.464286,
        "directional_follow_through": 0.464286,
        "median_excess_return": -0.01492,
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        "worst_return": -0.149619,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 12,
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        "worst_return": -0.141205,
        "sufficient": true
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        "horizon": "Extended",
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        "sufficient": true
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        "horizon": "Full cycle",
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      },
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        "date": "2026-06-05",
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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": 596051.85,
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        "fair_value": 171.879498,
        "relative_strength": 10.237554,
        "stage": 2,
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        "modifier": "Early expansion",
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        "direction": 78.807567,
        "energy": 90.319366,
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      },
      {
        "date": "2026-07-24",
        "close": 209.51,
        "volume": 565012,
        "typical_volume": 598579.4,
        "trend": 171.897488,
        "fair_value": 172.288222,
        "relative_strength": 12.92572,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 78.786492,
        "energy": 90.028272,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 227.6,
        "volume": 686026,
        "typical_volume": 610456.05,
        "trend": 173.715626,
        "fair_value": 172.778819,
        "relative_strength": 20.999302,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 91.667323,
        "energy": 94.136785,
        "activity_lines": [
          213.236,
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          191.213358,
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      },
      {
        "date": "2026-08-07",
        "close": 235.54,
        "volume": 586726,
        "typical_volume": 578333.45,
        "trend": 175.839301,
        "fair_value": 173.241453,
        "relative_strength": 20.672724,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 91.033967,
        "energy": 94.755444,
        "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."
    }
  }
}