{ "ticker": { "uuid": "b1504ceb-8b3f-418f-b8d0-98ae23fa5498", "symbol": "HSY", "name": "Hershey Co", "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": 92.248, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -54.574, "architecture_energy": 37.597, "architecture_maturity": 42.48, "architecture_confidence": 82.336, "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": 21.01, "rotation_up": 24.84, "upward_expansion": 5.09, "deceleration": 58.58, "rotation_down": 44.26, "downward_expansion": 76.09 }, "activity_lines": [ 176.756667, 176.876, 180.960209, 187.308086 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 182.35, "trend_reference": 194.716148, "distance_from_trend": -0.063509, "trend_direction": "Weakening", "fair_value": 178.647086, "distance_from_fair_value": 0.020728, "fair_value_direction": "Improving", "relative_strength": -14.093951, "relative_strength_direction": "Weakening", "price_momentum": -0.201044, "excess_performance": -0.326669, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.063509, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.004662, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.020728, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.00983, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.14094, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.029158, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.201044, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.119814, "read": "Demand-led" } ], "volume": { "latest": 6890071, "relative_activity": 0.725104, "balance": 1.119814, "dry_up": 0.865923, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.062013, "annualized_volatility": 0.239929, "from_high_reference": -0.232646, "from_low_reference": 0.154668 }, "levels": { "trend_reference": 194.716148, "fair_value_reference": 178.647086, 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}, { "date": "2026-07-24", "close": 174.3, "volume": 8358461, "typical_volume": 9623895.7, "trend": 195.009282, "fair_value": 179.010401, "relative_strength": -14.741038, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.639721, "energy": 50.925027, "activity_lines": [ 174.77, 177.292182, 182.760893, 189.402264 ] }, { "date": "2026-07-31", "close": 175.05, "volume": 10604414, "typical_volume": 9774764.5, "trend": 194.850469, "fair_value": 178.791657, "relative_strength": -14.923716, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.973196, "energy": 47.353406, "activity_lines": [ 174.411333, 176.241091, 181.41682, 188.114568 ] }, { "date": "2026-08-07", "close": 182.35, "volume": 6890071, "typical_volume": 9502179.8, "trend": 194.716148, "fair_value": 178.647086, "relative_strength": -14.093951, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.574478, "energy": 37.597004, "activity_lines": [ 176.756667, 176.876, 180.960209, 187.308086 ] } ], "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." } } }