{
  "ticker": {
    "uuid": "8c77a508-0101-4e6d-8de1-5b42939e75b5",
    "symbol": "WHG",
    "name": "Westwood Holdings Group 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": 2,
    "stage_name": "Advancing",
    "phase": "2a",
    "phase_label": "Stage 2A \u00b7 Early 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": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 63.831,
    "architecture_energy": 43.726,
    "architecture_maturity": 37.576,
    "architecture_confidence": 77.107,
    "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": 17.68,
        "rotation_up": 52.47,
        "upward_expansion": 79.24,
        "deceleration": 65.18,
        "rotation_down": 22.76,
        "downward_expansion": 5.9
      },
      "activity_lines": [
        19.522,
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        18.374219,
        17.777351
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 19.88,
    "trend_reference": 17.301756,
    "distance_from_trend": 0.149016,
    "trend_direction": "Improving",
    "fair_value": 14.085296,
    "distance_from_fair_value": 0.411401,
    "fair_value_direction": "Improving",
    "relative_strength": 3.788725,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.134803,
    "excess_performance": 0.009178,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.149016,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.043961,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.411401,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.202624,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.037887,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.151745,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.134803,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.549711,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 81989,
      "relative_activity": 0.894638,
      "balance": 3.549711,
      "dry_up": 0.935799,
      "accumulation_observations": 5,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.081099,
      "annualized_volatility": 0.270935,
      "from_high_reference": -0.051979,
      "from_low_reference": 0.365052
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    "levels": {
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      "fair_value_reference": 14.085296,
      "structural_low": 14.563552,
      "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": 0.0117,
        "positive_rate": 0.535714,
        "directional_follow_through": 0.535714,
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        "worst_return": -0.148132,
        "sufficient": true
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        "date": "2026-04-24",
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        "typical_volume": 57724.75,
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        "relative_strength": -9.361638,
        "stage": 3,
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      },
      {
        "date": "2026-05-01",
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      },
      {
        "date": "2026-05-08",
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      },
      {
        "date": "2026-05-15",
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 53561.25,
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 53866.0,
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 54520.65,
        "trend": 16.6068,
        "fair_value": 13.58339,
        "relative_strength": -5.114846,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
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        "energy": 5.207279,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 60740.75,
        "trend": 16.660676,
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        "relative_strength": -4.666962,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 19.04298,
        "energy": 24.018612,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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        "typical_volume": 63273.35,
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        "fair_value": 13.668842,
        "relative_strength": 0.794252,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
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        "energy": 51.162423,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
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        "typical_volume": 75448.75,
        "trend": 16.856352,
        "fair_value": 13.726689,
        "relative_strength": 10.455193,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 52.771853,
        "energy": 66.753248,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
        "close": 19.98,
        "volume": 232079,
        "typical_volume": 85489.9,
        "trend": 16.982919,
        "fair_value": 13.785934,
        "relative_strength": 8.218922,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
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        "energy": 79.773652,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 19.49,
        "volume": 100188,
        "typical_volume": 88766.6,
        "trend": 17.051256,
        "fair_value": 13.846938,
        "relative_strength": 4.176392,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.922829,
        "energy": 76.549739,
        "activity_lines": [
          19.448,
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      },
      {
        "date": "2026-07-17",
        "close": 19.8,
        "volume": 95922,
        "typical_volume": 91306.15,
        "trend": 17.092938,
        "fair_value": 13.90548,
        "relative_strength": 7.383729,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.96238,
        "energy": 74.979082,
        "activity_lines": [
          19.688,
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          17.729471,
          17.337832
        ]
      },
      {
        "date": "2026-07-24",
        "close": 19.22,
        "volume": 52959,
        "typical_volume": 90437.45,
        "trend": 17.151293,
        "fair_value": 13.9625,
        "relative_strength": 4.983017,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.166078,
        "energy": 59.930507,
        "activity_lines": [
          19.576667,
          19.06538,
          17.944081,
          17.475062
        ]
      },
      {
        "date": "2026-07-31",
        "close": 19.17,
        "volume": 112175,
        "typical_volume": 92686.9,
        "trend": 17.213219,
        "fair_value": 14.019538,
        "relative_strength": 3.647042,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 59.223595,
        "energy": 43.935389,
        "activity_lines": [
          19.406,
          19.208131,
          18.133879,
          17.605301
        ]
      },
      {
        "date": "2026-08-07",
        "close": 19.88,
        "volume": 81989,
        "typical_volume": 91644.9,
        "trend": 17.301756,
        "fair_value": 14.085296,
        "relative_strength": 3.788725,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.830899,
        "energy": 43.726479,
        "activity_lines": [
          19.522,
          19.419636,
          18.374219,
          17.777351
        ]
      }
    ],
    "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."
    }
  }
}