{
  "ticker": {
    "uuid": "92e8de6e-b369-49c2-8e09-38d98282c1e6",
    "symbol": "UMH",
    "name": "UMH Properties, Inc.",
    "exchange": "TLV",
    "country": "IL",
    "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": "TA35.TA",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -55.476,
    "architecture_energy": 63.903,
    "architecture_maturity": 100.0,
    "architecture_confidence": 67.36,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 18.02,
        "rotation_up": 27.98,
        "upward_expansion": 22.5,
        "deceleration": 66.74,
        "rotation_down": 50.25,
        "downward_expansion": 70.17
      },
      "activity_lines": [
        45.076,
        44.590727,
        1199.435547,
        2085.08872
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.333333
    },
    "latest_close": 43.75,
    "trend_reference": 3126.599241,
    "distance_from_trend": -0.986007,
    "trend_direction": "Weakening",
    "fair_value": 4165.717685,
    "distance_from_fair_value": -0.989498,
    "fair_value_direction": "Weakening",
    "relative_strength": -99.021647,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.990821,
    "excess_performance": -1.019722,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.986007,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.344993,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.989498,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -1.126114,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.990216,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.660684,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.990821,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.232461,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 789,
      "relative_activity": 1.913655,
      "balance": 0.232461,
      "dry_up": 0.743997,
      "accumulation_observations": 0,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 8.543448,
      "annualized_volatility": 6.362805,
      "from_high_reference": -0.99258,
      "from_low_reference": 0.117211
    },
    "levels": {
      "trend_reference": 3126.599241,
      "fair_value_reference": 4165.717685,
      "structural_low": 39.16,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 16,
        "median_return": -0.016967,
        "positive_rate": 0.4375,
        "directional_follow_through": 0.5625,
        "median_excess_return": -0.003792,
        "regime_survival": 0.75,
        "best_return": 99.398562,
        "worst_return": -0.989514,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": -0.041483,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.18087,
        "regime_survival": 0.5,
        "best_return": 104.764566,
        "worst_return": -0.989548,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 78.241215,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": 78.035785,
        "regime_survival": 0.0,
        "best_return": 99.919313,
        "worst_return": -0.175148,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 105.057205,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 104.654511,
        "regime_survival": 0.0,
        "best_return": 138.139442,
        "worst_return": 71.974967,
        "sufficient": false
      }
    ],
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        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-07-12",
        "end": "2024-08-23",
        "tenure": "Developing",
        "return": 0.202675,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2024-09-06",
        "tenure": "New",
        "return": 99.000021,
        "active": false
      },
      {
        "regime": "balance",
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        "color": "blue",
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        "active": false
      },
      {
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        "active": false
      },
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        "regime": "balance",
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        "active": false
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      {
        "regime": "upward_expansion",
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        "end": "2025-01-03",
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        "return": -0.004475,
        "active": false
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      {
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        "label": "Rotation Down",
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        "end": "2025-01-17",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-24",
        "end": "2025-02-21",
        "tenure": "Developing",
        "return": 85.347211,
        "active": false
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        "regime": "rotation_up",
        "label": "Rotation Up",
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        "end": "2025-04-18",
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        "return": -0.061794,
        "active": false
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      {
        "regime": "balance",
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      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-07-25",
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        "active": false
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        "regime": "downward_expansion",
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      {
        "date": "2026-07-17",
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      },
      {
        "date": "2026-07-24",
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        "volume": 215,
        "typical_volume": 440.4,
        "trend": 3460.164821,
        "fair_value": 4165.898866,
        "relative_strength": -99.055923,
        "stage": 4,
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        "modifier": "Established contraction",
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        "direction": -64.604202,
        "energy": 67.481534,
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      },
      {
        "date": "2026-07-31",
        "close": 45.37,
        "volume": 125,
        "typical_volume": 410.25,
        "trend": 3287.55956,
        "fair_value": 4165.813468,
        "relative_strength": -99.015082,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.549332,
        "energy": 67.294688,
        "activity_lines": [
          45.769333,
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      },
      {
        "date": "2026-08-07",
        "close": 43.75,
        "volume": 789,
        "typical_volume": 412.3,
        "trend": 3126.599241,
        "fair_value": 4165.717685,
        "relative_strength": -99.021647,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -55.47604,
        "energy": 63.90298,
        "activity_lines": [
          45.076,
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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."
    }
  }
}