{ "ticker": { "uuid": "934eae0a-1175-4ae4-90fd-435bd63ba1fa", "symbol": "HLI", "name": "Houlihan Lokey 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": 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": -63.387, "architecture_energy": 43.797, "architecture_maturity": 79.152, "architecture_confidence": 88.797, "architecture_tenure": "Extended", "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": 23.32, "rotation_up": 17.22, "upward_expansion": 5.27, "deceleration": 52.83, "rotation_down": 56.25, "downward_expansion": 76.27 }, "activity_lines": [ 132.2, 135.010727, 139.714415, 142.993826 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 129.0, "trend_reference": 149.782268, "distance_from_trend": -0.13875, "trend_direction": "Weakening", "fair_value": 150.466169, "distance_from_fair_value": -0.142664, "fair_value_direction": "Weakening", "relative_strength": -30.846972, "relative_strength_direction": "Weakening", "price_momentum": -0.247695, "excess_performance": -0.37332, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.13875, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.081216, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.142664, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.180982, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.30847, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.076659, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.247695, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.752872, "read": "Supply-led" } ], "volume": { "latest": 4456240, "relative_activity": 1.207017, "balance": 0.752872, "dry_up": 1.323242, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.086533, "annualized_volatility": 0.300362, "from_high_reference": -0.383462, "from_low_reference": 0.143313 }, "levels": { "trend_reference": 149.782268, "fair_value_reference": 150.466169, 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34.621135, "activity_lines": [ 139.068667, 139.333302, 142.882924, 146.228201 ] }, { "date": "2026-07-31", "close": 125.49, "volume": 7299715, "typical_volume": 3688463.9, "trend": 151.489175, "fair_value": 150.263462, "relative_strength": -31.072002, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.730213, "energy": 46.247168, "activity_lines": [ 134.614, 136.622128, 141.100007, 144.44474 ] }, { "date": "2026-08-07", "close": 129.0, "volume": 4456240, "typical_volume": 3691945.65, "trend": 149.782268, "fair_value": 150.466169, "relative_strength": -30.846972, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.386561, "energy": 43.796627, "activity_lines": [ 132.2, 135.010727, 139.714415, 142.993826 ] } ], "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." } } }