{ "ticker": { "uuid": "ade2cd41-165b-446f-9544-7217e1677022", "symbol": "MMI", "name": "Marcus & Millichap 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": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 60.345, "architecture_energy": 38.085, "architecture_maturity": 50.259, "architecture_confidence": 57.018, "architecture_tenure": "Developing", "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": 21.8, "rotation_up": 44.72, "upward_expansion": 75.8, "deceleration": 69.53, "rotation_down": 24.94, "downward_expansion": 4.8 }, "activity_lines": [ 30.974667, 30.916182, 30.139857, 29.254636 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 31.48, "trend_reference": 28.201757, "distance_from_trend": 0.116243, "trend_direction": "Improving", "fair_value": 32.073433, "distance_from_fair_value": -0.018502, "fair_value_direction": "Improving", "relative_strength": -2.11248, "relative_strength_direction": "Improving", "price_momentum": 0.195098, "excess_performance": 0.069473, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.116243, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.034387, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.018502, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.035497, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.021125, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.03498, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.195098, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.427685, "read": "Demand-led" } ], "volume": { "latest": 717432, "relative_activity": 0.724691, "balance": 1.427685, "dry_up": 0.644924, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.062152, "annualized_volatility": 0.263794, "from_high_reference": -0.046956, "from_low_reference": 0.301253 }, "levels": { "trend_reference": 28.201757, "fair_value_reference": 32.073433, "structural_low": 24.192076, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 18, "median_return": -0.005065, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.015809, "regime_survival": 0.666667, "best_return": 0.151872, "worst_return": -0.204582, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.055404, "positive_rate": 0.571429, "directional_follow_through": 0.571429, "median_excess_return": -0.016837, "regime_survival": 0.571429, "best_return": 0.146568, "worst_return": -0.295883, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.126743, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.077205, "regime_survival": 0.25, "best_return": 0.293666, "worst_return": -0.237624, "sufficient": false }, { "horizon": "Full 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"gate": "up", "direction": 61.140229, "energy": 56.434802, "activity_lines": [ 30.924667, 30.322727, 29.237875, 28.448531 ] }, { "date": "2026-07-17", "close": 31.2, "volume": 628999, "typical_volume": 1135141.75, "trend": 27.777569, "fair_value": 32.137094, "relative_strength": -0.039124, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.70062, "energy": 58.527887, "activity_lines": [ 31.096, 30.555455, 29.520812, 28.678121 ] }, { "date": "2026-07-24", "close": 30.38, "volume": 630738, "typical_volume": 1092904.7, "trend": 27.881176, "fair_value": 32.113989, "relative_strength": -1.711909, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.101483, "energy": 42.791616, "activity_lines": [ 30.924667, 30.624909, 29.701619, 28.84602 ] }, { "date": "2026-07-31", "close": 30.75, "volume": 576687, "typical_volume": 1042725.85, "trend": 28.015271, "fair_value": 32.088696, "relative_strength": -1.235827, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.687978, "energy": 35.025269, "activity_lines": [ 30.806, 30.721636, 29.898667, 29.031105 ] }, { "date": "2026-08-07", "close": 31.48, "volume": 717432, "typical_volume": 989984.0, "trend": 28.201757, "fair_value": 32.073433, "relative_strength": -2.11248, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.344929, "energy": 38.084513, "activity_lines": [ 30.974667, 30.916182, 30.139857, 29.254636 ] } ], "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." } } }