{
  "ticker": {
    "uuid": "9664c3f1-f0fc-4471-95d0-cd9b04f2067a",
    "symbol": "FR",
    "name": "First Industrial Realty Trust 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": "2c",
    "phase_label": "Stage 2C \u00b7 Late advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 62.603,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 58.594,
    "architecture_energy": 53.025,
    "architecture_maturity": 92.911,
    "architecture_confidence": 71.478,
    "architecture_tenure": "Extended",
    "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": 18.79,
        "rotation_up": 63.25,
        "upward_expansion": 82.58,
        "deceleration": 50.28,
        "rotation_down": 14.02,
        "downward_expansion": 9.24
      },
      "activity_lines": [
        65.680667,
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        63.663346,
        62.656913
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 63.63,
    "trend_reference": 61.395984,
    "distance_from_trend": 0.036387,
    "trend_direction": "Improving",
    "fair_value": 51.466761,
    "distance_from_fair_value": 0.236332,
    "fair_value_direction": "Weakening",
    "relative_strength": -2.278767,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.073423,
    "excess_performance": -0.052202,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.036387,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.042184,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.236332,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.004367,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.022788,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.045556,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.073423,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.666766,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 4837754,
      "relative_activity": 0.946998,
      "balance": 0.666766,
      "dry_up": 1.170072,
      "accumulation_observations": 3,
      "distribution_observations": 5
    },
    "risk": {
      "range_context": 0.052603,
      "annualized_volatility": 0.236892,
      "from_high_reference": -0.089439,
      "from_low_reference": 0.376904
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    "levels": {
      "trend_reference": 61.395984,
      "fair_value_reference": 51.466761,
      "structural_low": 56.184396,
      "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": 25,
        "median_return": -0.007101,
        "positive_rate": 0.48,
        "directional_follow_through": 0.48,
        "median_excess_return": 0.003991,
        "regime_survival": 0.76,
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        "worst_return": -0.133485,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "positive_rate": 0.555556,
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        "worst_return": -0.23123,
        "sufficient": true
      },
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        "horizon": "Extended",
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        "directional_follow_through": 0.666667,
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        "sufficient": true
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        "horizon": "Full cycle",
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        "sufficient": false
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        "date": "2026-04-17",
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        "date": "2026-07-03",
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      },
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      },
      {
        "date": "2026-07-24",
        "close": 66.99,
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        "typical_volume": 5119797.8,
        "trend": 60.950534,
        "fair_value": 51.241331,
        "relative_strength": 8.158046,
        "stage": 2,
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      },
      {
        "date": "2026-07-31",
        "close": 65.84,
        "volume": 6137555,
        "typical_volume": 5174805.45,
        "trend": 61.231739,
        "fair_value": 51.360982,
        "relative_strength": 4.855421,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.490452,
        "energy": 71.789156,
        "activity_lines": [
          66.410667,
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      },
      {
        "date": "2026-08-07",
        "close": 63.63,
        "volume": 4837754,
        "typical_volume": 5108514.1,
        "trend": 61.395984,
        "fair_value": 51.466761,
        "relative_strength": -2.278767,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 58.593782,
        "energy": 53.024656,
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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."
    }
  }
}