{
  "ticker": {
    "uuid": "8d0700ba-d235-411e-a674-cfa4ee9776c5",
    "symbol": "KFY",
    "name": "Korn Ferry",
    "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": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "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": 81.955,
    "architecture_energy": 90.763,
    "architecture_maturity": 36.596,
    "architecture_confidence": 80.651,
    "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": 3.33,
        "rotation_up": 82.81,
        "upward_expansion": 97.09,
        "deceleration": 41.85,
        "rotation_down": 8.64,
        "downward_expansion": 21.43
      },
      "activity_lines": [
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        70.860839
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 84.07,
    "trend_reference": 68.213974,
    "distance_from_trend": 0.232445,
    "trend_direction": "Improving",
    "fair_value": 63.599771,
    "distance_from_fair_value": 0.32186,
    "fair_value_direction": "Improving",
    "relative_strength": 10.031429,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.245215,
    "excess_performance": 0.11959,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.232445,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.048252,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.32186,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.218723,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.100314,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.203594,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.245215,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.018219,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1648143,
      "relative_activity": 0.674175,
      "balance": 2.018219,
      "dry_up": 0.820694,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.056984,
      "annualized_volatility": 0.30074,
      "from_high_reference": -0.018905,
      "from_low_reference": 0.438704
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    "levels": {
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      "fair_value_reference": 63.599771,
      "structural_low": 58.434539,
      "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": 24,
        "median_return": 0.018063,
        "positive_rate": 0.625,
        "directional_follow_through": 0.625,
        "median_excess_return": -0.016382,
        "regime_survival": 0.833333,
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        "worst_return": -0.087594,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
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        "worst_return": -0.105334,
        "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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        "regime": "rotation_down",
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        "regime": "downward_expansion",
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      },
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        "date": "2026-04-17",
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        "date": "2026-05-15",
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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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      },
      {
        "date": "2026-07-10",
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        "fair_value": 62.788472,
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      },
      {
        "date": "2026-07-17",
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        "volume": 2553886,
        "typical_volume": 2764304.95,
        "trend": 66.75096,
        "fair_value": 62.974064,
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        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 80.414596,
        "energy": 54.044019,
        "activity_lines": [
          73.815236,
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          69.71869,
          68.086259
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      },
      {
        "date": "2026-07-24",
        "close": 78.25,
        "volume": 1844487,
        "typical_volume": 2679409.0,
        "trend": 67.142184,
        "fair_value": 63.162507,
        "relative_strength": 7.148512,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 76.199842,
        "energy": 73.45411,
        "activity_lines": [
          75.669073,
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          70.760649,
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      },
      {
        "date": "2026-07-31",
        "close": 82.27,
        "volume": 1978835,
        "typical_volume": 2620797.8,
        "trend": 67.690868,
        "fair_value": 63.376419,
        "relative_strength": 11.424128,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 84.056228,
        "energy": 87.101477,
        "activity_lines": [
          78.373675,
          75.563444,
          72.113056,
          69.80412
        ]
      },
      {
        "date": "2026-08-07",
        "close": 84.07,
        "volume": 1648143,
        "typical_volume": 2444682.95,
        "trend": 68.213974,
        "fair_value": 63.599771,
        "relative_strength": 10.031429,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 81.955279,
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        "activity_lines": [
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          70.860839
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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."
    }
  }
}