{
  "ticker": {
    "uuid": "8de32cfd-2abe-43ab-912b-30a40145691a",
    "symbol": "RGCO",
    "name": "RGC Resources Inc",
    "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": 3,
    "stage_name": "Distribution",
    "phase": "3c",
    "phase_label": "Stage 3C \u00b7 Breakdown watch",
    "transition": "stage_3_to_4_watch",
    "transition_label": "Stage 3 \u2192 4 watch",
    "confidence": 70.53,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "mixed",
    "architecture_direction": -12.728,
    "architecture_energy": 17.475,
    "architecture_maturity": 59.406,
    "architecture_confidence": 52.196,
    "architecture_tenure": "Established",
    "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": 38.1,
        "rotation_up": 23.58,
        "upward_expansion": 25.67,
        "deceleration": 59.53,
        "rotation_down": 53.0,
        "downward_expansion": 34.67
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      "activity_lines": [
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.0
    },
    "latest_close": 21.87,
    "trend_reference": 22.396927,
    "distance_from_trend": -0.023527,
    "trend_direction": "Improving",
    "fair_value": 19.862099,
    "distance_from_fair_value": 0.101092,
    "fair_value_direction": "Weakening",
    "relative_strength": -12.952408,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.010591,
    "excess_performance": -0.176863,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.023527,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.02602,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.101092,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.093648,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.129524,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.033878,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.010591,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.150328,
        "read": "Demand-led"
      }
    ],
    "volume": {
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      "relative_activity": 1.570952,
      "balance": 1.150328,
      "dry_up": 1.352398,
      "accumulation_observations": 2,
      "distribution_observations": 3
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    "risk": {
      "range_context": 0.084906,
      "annualized_volatility": 0.293655,
      "from_high_reference": -0.211567,
      "from_low_reference": 0.083706
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    "levels": {
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      "fair_value_reference": 19.862099,
      "structural_low": 20.640475,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
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    "outcomes": [
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        "sample_count": 24,
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        "date": "2026-05-01",
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        "date": "2026-05-08",
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        "date": "2026-05-22",
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        "date": "2026-06-05",
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      },
      {
        "date": "2026-07-03",
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      {
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        "relative_strength": -5.851821,
        "stage": 2,
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 59411.25,
        "trend": 22.311163,
        "fair_value": 19.780017,
        "relative_strength": 0.609436,
        "stage": 2,
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        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.211156,
        "energy": 34.01504,
        "activity_lines": [
          24.044205,
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          23.300463,
          22.871999
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      },
      {
        "date": "2026-07-24",
        "close": 22.0,
        "volume": 79263,
        "typical_volume": 60101.95,
        "trend": 22.330975,
        "fair_value": 19.805319,
        "relative_strength": -7.947523,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 25.693568,
        "energy": 14.458953,
        "activity_lines": [
          23.383398,
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          23.220599,
          22.851924
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      },
      {
        "date": "2026-07-31",
        "close": 21.4,
        "volume": 71623,
        "typical_volume": 61415.85,
        "trend": 22.344841,
        "fair_value": 19.8289,
        "relative_strength": -10.774067,
        "stage": 4,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 10.901846,
        "energy": 10.444591,
        "activity_lines": [
          22.673552,
          23.136307,
          23.084947,
          22.791861
        ]
      },
      {
        "date": "2026-08-07",
        "close": 21.87,
        "volume": 96575,
        "typical_volume": 61475.45,
        "trend": 22.396927,
        "fair_value": 19.862099,
        "relative_strength": -12.952408,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "mixed",
        "direction": -12.727719,
        "energy": 17.474831,
        "activity_lines": [
          22.254506,
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          22.994449,
          22.761227
        ]
      }
    ],
    "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."
    }
  }
}