{
  "ticker": {
    "uuid": "a3949f54-fd57-4c66-9946-819d075ebdc5",
    "symbol": "RELL",
    "name": "Richardson Electronics Ltd",
    "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": "2c",
    "phase_label": "Stage 2C \u00b7 Late advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 67.589,
    "architecture_energy": 41.991,
    "architecture_maturity": 32.25,
    "architecture_confidence": 77.623,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 29.25,
        "rotation_up": 53.51,
        "upward_expansion": 75.47,
        "deceleration": 64.74,
        "rotation_down": 19.42,
        "downward_expansion": 4.47
      },
      "activity_lines": [
        18.760184,
        18.133806,
        17.289795,
        16.130712
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Stable",
      "price_acceptance": 0.5
    },
    "latest_close": 20.66,
    "trend_reference": 14.656956,
    "distance_from_trend": 0.40957,
    "trend_direction": "Improving",
    "fair_value": 11.522907,
    "distance_from_fair_value": 0.79295,
    "fair_value_direction": "Improving",
    "relative_strength": 43.593855,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.825757,
    "excess_performance": 0.638303,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.40957,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.20027,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.79295,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.43088,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.435939,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.234394,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.825757,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.884537,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 2329296,
      "relative_activity": 2.023265,
      "balance": 2.884537,
      "dry_up": 1.687041,
      "accumulation_observations": 5,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.155252,
      "annualized_volatility": 0.520124,
      "from_high_reference": -0.104968,
      "from_low_reference": 1.230885
    },
    "levels": {
      "trend_reference": 14.656956,
      "fair_value_reference": 11.522907,
      "structural_low": 10.439275,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 14,
        "median_return": 0.010644,
        "positive_rate": 0.571429,
        "directional_follow_through": 0.571429,
        "median_excess_return": 0.007192,
        "regime_survival": 0.642857,
        "best_return": 0.161088,
        "worst_return": -0.302326,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": 0.182707,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": 0.16176,
        "regime_survival": 0.0,
        "best_return": 0.494952,
        "worst_return": -0.205437,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.165192,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": 0.028918,
        "regime_survival": 0.2,
        "best_return": 0.953025,
        "worst_return": -0.278783,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.159643,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.3818,
        "regime_survival": 0.0,
        "best_return": 1.026312,
        "worst_return": -0.378914,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2023-12-15",
        "end": "2024-01-19",
        "tenure": "Developing",
        "return": -0.253933,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-01-26",
        "end": "2024-05-03",
        "tenure": "Established",
        "return": 0.057467,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-05-10",
        "end": "2024-05-24",
        "tenure": "New",
        "return": 0.041386,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "tenure": "Developing",
        "return": 0.091153,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2024-08-09",
        "tenure": "New",
        "return": -0.000868,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-08-30",
        "tenure": "New",
        "return": 0.026863,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2024-12-20",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-12-27",
        "end": "2025-03-21",
        "tenure": "Established",
        "return": -0.127936,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-03-28",
        "end": "2025-07-25",
        "tenure": "Established",
        "return": -0.034549,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "active": false
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      {
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        "active": false
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      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-04-03",
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      {
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        "end": "2026-08-07",
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        "return": 0.153675,
        "active": true
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      {
        "date": "2026-04-17",
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      {
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      },
      {
        "date": "2026-07-03",
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      },
      {
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        "stage": 2,
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        "energy": 38.907101,
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      },
      {
        "date": "2026-07-17",
        "close": 17.130251,
        "volume": 635322,
        "typical_volume": 871066.2,
        "trend": 13.819073,
        "fair_value": 11.398777,
        "relative_strength": 27.419076,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 41.970769,
        "energy": 28.395016,
        "activity_lines": [
          17.191833,
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          16.243804,
          15.188498
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      },
      {
        "date": "2026-07-24",
        "close": 17.907992,
        "volume": 2693865,
        "typical_volume": 975609.6,
        "trend": 14.064574,
        "fair_value": 11.430399,
        "relative_strength": 34.30708,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 44.564187,
        "energy": 26.671724,
        "activity_lines": [
          17.355012,
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          16.527566,
          15.4523
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      },
      {
        "date": "2026-07-31",
        "close": 18.237037,
        "volume": 2110378,
        "typical_volume": 1066485.4,
        "trend": 14.317079,
        "fair_value": 11.466652,
        "relative_strength": 34.781193,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 53.942727,
        "energy": 31.569715,
        "activity_lines": [
          17.674005,
          17.540485,
          16.810421,
          15.721491
        ]
      },
      {
        "date": "2026-08-07",
        "close": 20.66,
        "volume": 2329296,
        "typical_volume": 1151255.8,
        "trend": 14.656956,
        "fair_value": 11.522907,
        "relative_strength": 43.593855,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 67.589002,
        "energy": 41.991369,
        "activity_lines": [
          18.760184,
          18.133806,
          17.289795,
          16.130712
        ]
      }
    ],
    "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."
    }
  }
}