{
  "ticker": {
    "uuid": "9dca4b4a-4d3e-4ed1-81d1-857cff33b30b",
    "symbol": "ARCC",
    "name": "Ares Capital Corporation",
    "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": 2,
    "stage_name": "Advancing",
    "phase": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 48.387,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 81.645,
    "architecture_energy": 73.157,
    "architecture_maturity": 10.884,
    "architecture_confidence": 65.163,
    "architecture_tenure": "New",
    "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": 27.17,
        "rotation_up": 72.68,
        "upward_expansion": 88.41,
        "deceleration": 45.03,
        "rotation_down": 10.67,
        "downward_expansion": 15.08
      },
      "activity_lines": [
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        18.504431
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 20.01,
    "trend_reference": 18.424559,
    "distance_from_trend": 0.08605,
    "trend_direction": "Weakening",
    "fair_value": 17.949543,
    "distance_from_fair_value": 0.114792,
    "fair_value_direction": "Improving",
    "relative_strength": -7.012569,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.091532,
    "excess_performance": -0.095922,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.08605,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.006107,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.114792,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.060751,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.070126,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.127138,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.091532,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.156113,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 25209246,
      "relative_activity": 0.941481,
      "balance": 1.156113,
      "dry_up": 0.866642,
      "accumulation_observations": 0,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.034306,
      "annualized_volatility": 0.183607,
      "from_high_reference": -0.030685,
      "from_low_reference": 0.179646
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    "levels": {
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      "fair_value_reference": 17.949543,
      "structural_low": 16.962723,
      "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": 39,
        "median_return": 0.004458,
        "positive_rate": 0.589744,
        "directional_follow_through": 0.589744,
        "median_excess_return": -0.006485,
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        "worst_return": -0.06489,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 15,
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        "worst_return": -0.14048,
        "sufficient": true
      },
      {
        "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": "deceleration",
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      },
      {
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      },
      {
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 28677834.25,
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        "relative_strength": -8.816686,
        "stage": 4,
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        "modifier": "Balance after decline",
        "gate": "mixed",
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      },
      {
        "date": "2026-07-31",
        "close": 18.76,
        "volume": 24617659,
        "typical_volume": 27263940.35,
        "trend": 18.410715,
        "fair_value": 17.915713,
        "relative_strength": -8.856551,
        "stage": 4,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "mixed",
        "direction": 25.319256,
        "energy": 43.105948,
        "activity_lines": [
          18.848,
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      },
      {
        "date": "2026-08-07",
        "close": 20.01,
        "volume": 25209246,
        "typical_volume": 26776153.25,
        "trend": 18.424559,
        "fair_value": 17.949543,
        "relative_strength": -7.012569,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 81.645077,
        "energy": 73.156828,
        "activity_lines": [
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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."
    }
  }
}