{
  "ticker": {
    "uuid": "9e012de3-f919-4d2f-9d74-b2f89e21f851",
    "symbol": "INGR",
    "name": "Ingredion Incorporated",
    "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": 95.935,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -32.027,
    "architecture_energy": 21.302,
    "architecture_maturity": 75.041,
    "architecture_confidence": 80.549,
    "architecture_tenure": "Developing",
    "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": 39.09,
        "rotation_up": 32.93,
        "upward_expansion": 21.25,
        "deceleration": 43.92,
        "rotation_down": 25.6,
        "downward_expansion": 57.59
      },
      "activity_lines": [
        101.781333,
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        101.62026,
        104.203635
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.166667
    },
    "latest_close": 104.33,
    "trend_reference": 107.821518,
    "distance_from_trend": -0.032382,
    "trend_direction": "Weakening",
    "fair_value": 115.053821,
    "distance_from_fair_value": -0.093207,
    "fair_value_direction": "Weakening",
    "relative_strength": -16.561455,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.124978,
    "excess_performance": -0.250603,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.032382,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.025713,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.093207,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.019124,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.165615,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.042984,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.124978,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.565668,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 4546046,
      "relative_activity": 1.198688,
      "balance": 0.565668,
      "dry_up": 0.896718,
      "accumulation_observations": 3,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.050121,
      "annualized_volatility": 0.162317,
      "from_high_reference": -0.183003,
      "from_low_reference": 0.114196
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    "levels": {
      "trend_reference": 107.821518,
      "fair_value_reference": 115.053821,
      "structural_low": 93.637005,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
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    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 17,
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        "positive_rate": 0.764706,
        "directional_follow_through": 0.235294,
        "median_excess_return": 0.015828,
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        "worst_return": -0.113545,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "sufficient": true
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        "horizon": "Extended",
        "sample_count": 6,
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        "directional_follow_through": 0.666667,
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        "horizon": "Full cycle",
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        "regime": "deceleration",
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      },
      {
        "date": "2026-04-17",
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      },
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "fair_value": 114.991971,
        "relative_strength": -21.633512,
        "stage": 4,
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      },
      {
        "date": "2026-07-17",
        "close": 102.56,
        "volume": 2955679,
        "typical_volume": 3823923.55,
        "trend": 108.707552,
        "fair_value": 114.997488,
        "relative_strength": -16.642185,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -47.759289,
        "energy": 38.154285,
        "activity_lines": [
          99.40662,
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          105.514523
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      },
      {
        "date": "2026-07-24",
        "close": 101.12,
        "volume": 3034445,
        "typical_volume": 3840046.25,
        "trend": 108.41938,
        "fair_value": 114.987758,
        "relative_strength": -16.651375,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -43.607926,
        "energy": 29.670953,
        "activity_lines": [
          100.266732,
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          102.154562,
          105.025003
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      },
      {
        "date": "2026-07-31",
        "close": 99.46,
        "volume": 3067114,
        "typical_volume": 3832141.1,
        "trend": 108.101821,
        "fair_value": 114.972927,
        "relative_strength": -18.257557,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -41.383322,
        "energy": 24.776572,
        "activity_lines": [
          100.305333,
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          101.62682,
          104.446979
        ]
      },
      {
        "date": "2026-08-07",
        "close": 104.33,
        "volume": 4546046,
        "typical_volume": 3792518.2,
        "trend": 107.821518,
        "fair_value": 115.053821,
        "relative_strength": -16.561455,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -32.026869,
        "energy": 21.30228,
        "activity_lines": [
          101.781333,
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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."
    }
  }
}