{
  "ticker": {
    "uuid": "aeb29372-8164-404d-b6b3-b78f68dd4eaf",
    "symbol": "TGT",
    "name": "Target Corporation",
    "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": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "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": 76.814,
    "architecture_energy": 67.141,
    "architecture_maturity": 72.386,
    "architecture_confidence": 83.973,
    "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": 9.86,
        "rotation_up": 72.48,
        "upward_expansion": 88.16,
        "deceleration": 45.91,
        "rotation_down": 13.37,
        "downward_expansion": 12.49
      },
      "activity_lines": [
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        134.289395,
        130.131629
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 149.7,
    "trend_reference": 124.250414,
    "distance_from_trend": 0.204825,
    "trend_direction": "Improving",
    "fair_value": 118.646284,
    "distance_from_fair_value": 0.261734,
    "fair_value_direction": "Improving",
    "relative_strength": 21.648318,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.320708,
    "excess_performance": 0.195083,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.204825,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.131033,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.261734,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.205575,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.216483,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.120605,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.320708,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.958055,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 17618497,
      "relative_activity": 0.771427,
      "balance": 1.958055,
      "dry_up": 0.762554,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.069036,
      "annualized_volatility": 0.288761,
      "from_high_reference": -0.002466,
      "from_low_reference": 0.828953
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    "levels": {
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      "fair_value_reference": 118.646284,
      "structural_low": 110.077009,
      "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": 17,
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        "positive_rate": 0.588235,
        "directional_follow_through": 0.588235,
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        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "worst_return": -0.183621,
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        "horizon": "Full cycle",
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      },
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      },
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 26012058.7,
        "trend": 119.876661,
        "fair_value": 118.168452,
        "relative_strength": 19.384879,
        "stage": 2,
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      },
      {
        "date": "2026-07-24",
        "close": 136.78,
        "volume": 13778438,
        "typical_volume": 24470946.8,
        "trend": 121.180889,
        "fair_value": 118.271381,
        "relative_strength": 17.322338,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
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        "energy": 40.841924,
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      },
      {
        "date": "2026-07-31",
        "close": 144.49,
        "volume": 16805989,
        "typical_volume": 23994956.25,
        "trend": 122.710727,
        "fair_value": 118.437892,
        "relative_strength": 22.02808,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 71.97277,
        "energy": 49.265269,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 149.7,
        "volume": 17618497,
        "typical_volume": 22838851.2,
        "trend": 124.250414,
        "fair_value": 118.646284,
        "relative_strength": 21.648318,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 76.814408,
        "energy": 67.140664,
        "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."
    }
  }
}