{
  "ticker": {
    "uuid": "b1c574b9-7a50-4dd2-bc8b-f5c7e2a58e3a",
    "symbol": "BFS",
    "name": "Saul Centers 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": "2c",
    "phase_label": "Stage 2C \u00b7 Late advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 52.081,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 14.88,
    "architecture_energy": 14.277,
    "architecture_maturity": 73.934,
    "architecture_confidence": 82.721,
    "architecture_tenure": "Established",
    "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": 50.05,
        "rotation_up": 22.08,
        "upward_expansion": 55.54,
        "deceleration": 87.71,
        "rotation_down": 36.91,
        "downward_expansion": 21.54
      },
      "activity_lines": [
        34.814645,
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        35.351853,
        34.861392
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.0
    },
    "latest_close": 34.01,
    "trend_reference": 34.151013,
    "distance_from_trend": -0.004129,
    "trend_direction": "Improving",
    "fair_value": 32.649666,
    "distance_from_fair_value": 0.041665,
    "fair_value_direction": "Weakening",
    "relative_strength": -6.549212,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.000617,
    "excess_performance": -0.126242,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.004129,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.060285,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.041665,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.050466,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.065492,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.056962,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.000617,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.905627,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 567469,
      "relative_activity": 1.525842,
      "balance": 0.905627,
      "dry_up": 1.198669,
      "accumulation_observations": 4,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.058505,
      "annualized_volatility": 0.219461,
      "from_high_reference": -0.100084,
      "from_low_reference": 0.20877
    },
    "levels": {
      "trend_reference": 34.151013,
      "fair_value_reference": 32.649666,
      "structural_low": 31.652864,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 21,
        "median_return": 0.001514,
        "positive_rate": 0.52381,
        "directional_follow_through": 0.52381,
        "median_excess_return": -0.013155,
        "regime_survival": 0.714286,
        "best_return": 0.103017,
        "worst_return": -0.116725,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
        "median_return": 0.025813,
        "positive_rate": 0.625,
        "directional_follow_through": 0.625,
        "median_excess_return": -0.001505,
        "regime_survival": 0.5,
        "best_return": 0.105729,
        "worst_return": -0.105354,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.027312,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.039097,
        "regime_survival": 0.25,
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        "worst_return": -0.092977,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.082267,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
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        "regime_survival": 0.333333,
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        "worst_return": -0.154658,
        "sufficient": false
      }
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        "regime": "upward_expansion",
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        "regime": "balance",
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "active": false
      },
      {
        "regime": "downward_expansion",
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        "date": "2026-04-24",
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      },
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        "date": "2026-06-05",
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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": 32.561378,
        "relative_strength": -0.382024,
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        "direction": 57.596771,
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      },
      {
        "date": "2026-07-17",
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        "volume": 455404,
        "typical_volume": 352542.15,
        "trend": 33.760681,
        "fair_value": 32.59289,
        "relative_strength": 4.347493,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 60.627607,
        "energy": 42.185306,
        "activity_lines": [
          36.422709,
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          34.731833
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      },
      {
        "date": "2026-07-24",
        "close": 35.68,
        "volume": 442188,
        "typical_volume": 357753.45,
        "trend": 33.935277,
        "fair_value": 32.614772,
        "relative_strength": 2.245279,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 43.125444,
        "energy": 28.614029,
        "activity_lines": [
          36.190816,
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      },
      {
        "date": "2026-07-31",
        "close": 34.07,
        "volume": 318106,
        "typical_volume": 362013.95,
        "trend": 34.055884,
        "fair_value": 32.638276,
        "relative_strength": -3.299813,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 23.196625,
        "energy": 15.163332,
        "activity_lines": [
          35.406356,
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          35.423088,
          34.864352
        ]
      },
      {
        "date": "2026-08-07",
        "close": 34.01,
        "volume": 567469,
        "typical_volume": 371905.5,
        "trend": 34.151013,
        "fair_value": 32.649666,
        "relative_strength": -6.549212,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 14.87965,
        "energy": 14.276716,
        "activity_lines": [
          34.814645,
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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."
    }
  }
}