{
  "ticker": {
    "uuid": "b2b4aec0-a4ed-4ea7-ada0-78673964d25d",
    "symbol": "ATLCP",
    "name": "Atlanticus Holdings Corp Preferred",
    "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": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 50.809,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 66.553,
    "architecture_energy": 64.958,
    "architecture_maturity": 27.971,
    "architecture_confidence": 79.384,
    "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": 2.08,
        "rotation_up": 60.88,
        "upward_expansion": 92.07,
        "deceleration": 42.93,
        "rotation_down": 24.17,
        "downward_expansion": 14.07
      },
      "activity_lines": [
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        24.040089,
        23.786248
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": 1.0
    },
    "latest_close": 24.5,
    "trend_reference": 23.590844,
    "distance_from_trend": 0.038539,
    "trend_direction": "Improving",
    "fair_value": 20.62716,
    "distance_from_fair_value": 0.187754,
    "fair_value_direction": "Improving",
    "relative_strength": -7.705878,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.030858,
    "excess_performance": -0.156596,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.038539,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.019982,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.187754,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.013066,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.077059,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.050836,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.030858,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.411667,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 25453,
      "relative_activity": 0.954852,
      "balance": 2.411667,
      "dry_up": 0.652664,
      "accumulation_observations": 2,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.017927,
      "annualized_volatility": 0.152815,
      "from_high_reference": -0.00163,
      "from_low_reference": 0.221276
    },
    "levels": {
      "trend_reference": 23.590844,
      "fair_value_reference": 20.62716,
      "structural_low": 20.060988,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 25,
        "median_return": 0.005377,
        "positive_rate": 0.64,
        "directional_follow_through": 0.64,
        "median_excess_return": -0.011399,
        "regime_survival": 0.72,
        "best_return": 0.046794,
        "worst_return": -0.088272,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
        "median_return": 0.008309,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.042962,
        "regime_survival": 0.6,
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        "worst_return": -0.068761,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.078664,
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        "directional_follow_through": 0.8,
        "median_excess_return": -0.022436,
        "regime_survival": 0.8,
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        "worst_return": -0.005572,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
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        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
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        "best_return": 0.238843,
        "worst_return": 0.02017,
        "sufficient": false
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        "regime": "deceleration",
        "label": "Deceleration",
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        "end": "2024-06-28",
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        "active": false
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "active": false
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      {
        "regime": "upward_expansion",
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      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "end": "2025-05-02",
        "tenure": "New",
        "return": 0.006719,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "end": "2025-07-04",
        "tenure": "Developing",
        "return": -0.026492,
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      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-07-11",
        "end": "2025-08-01",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "rotation_up",
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        "active": false
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        "regime": "rotation_down",
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      },
      {
        "date": "2026-04-24",
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        "typical_volume": 28815.2,
        "trend": 22.9871,
        "fair_value": 19.807849,
        "relative_strength": -10.063595,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
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        "energy": 38.718174,
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      },
      {
        "date": "2026-05-01",
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        ]
      },
      {
        "date": "2026-05-08",
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        "typical_volume": 28413.45,
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        "stage": 3,
        "regime": "balance",
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 29151.35,
        "trend": 23.060104,
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        "activity_lines": [
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        "typical_volume": 29083.5,
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        "gate": "mixed",
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        "energy": 23.689059,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-29",
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        "typical_volume": 28308.0,
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        "energy": 36.432799,
        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
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        "volume": 64782,
        "typical_volume": 27628.4,
        "trend": 23.1788,
        "fair_value": 20.179394,
        "relative_strength": -7.360435,
        "stage": 3,
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        "modifier": "Balance after decline",
        "gate": "up",
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        "energy": 50.483471,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
        "close": 23.5,
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        "typical_volume": 27660.05,
        "trend": 23.212715,
        "fair_value": 20.226196,
        "relative_strength": -12.168276,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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        "relative_strength": -11.444654,
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        "energy": 45.628589,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
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        "typical_volume": 27888.4,
        "trend": 23.316047,
        "fair_value": 20.331313,
        "relative_strength": -7.202964,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.312191,
        "energy": 57.126147,
        "activity_lines": [
          24.067545,
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          23.393542
        ]
      },
      {
        "date": "2026-07-03",
        "close": 24.49,
        "volume": 13354,
        "typical_volume": 27289.45,
        "trend": 23.371866,
        "fair_value": 20.384674,
        "relative_strength": -6.886339,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "energy": 64.589376,
        "activity_lines": [
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          23.469281
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      },
      {
        "date": "2026-07-10",
        "close": 24.35,
        "volume": 30941,
        "typical_volume": 27249.6,
        "trend": 23.41853,
        "fair_value": 20.43158,
        "relative_strength": -8.914763,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.817554,
        "energy": 70.935628,
        "activity_lines": [
          24.293333,
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          23.532386
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      },
      {
        "date": "2026-07-17",
        "close": 24.4434,
        "volume": 11031,
        "typical_volume": 26836.05,
        "trend": 23.464781,
        "fair_value": 20.479886,
        "relative_strength": -4.533672,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.498226,
        "energy": 73.17197,
        "activity_lines": [
          24.386467,
          24.207777,
          23.742641,
          23.598507
        ]
      },
      {
        "date": "2026-07-24",
        "close": 24.49,
        "volume": 17763,
        "typical_volume": 26637.15,
        "trend": 23.512267,
        "fair_value": 20.529392,
        "relative_strength": -2.787297,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.236464,
        "energy": 73.581053,
        "activity_lines": [
          24.43224,
          24.28787,
          23.844858,
          23.66465
        ]
      },
      {
        "date": "2026-07-31",
        "close": 24.45,
        "volume": 15344,
        "typical_volume": 26473.15,
        "trend": 23.552966,
        "fair_value": 20.578241,
        "relative_strength": -3.378759,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.273587,
        "energy": 71.021302,
        "activity_lines": [
          24.44868,
          24.342916,
          23.941552,
          23.725149
        ]
      },
      {
        "date": "2026-08-07",
        "close": 24.5,
        "volume": 25453,
        "typical_volume": 26656.5,
        "trend": 23.590844,
        "fair_value": 20.62716,
        "relative_strength": -7.705878,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.55311,
        "energy": 64.95769,
        "activity_lines": [
          24.46712,
          24.392762,
          24.040089,
          23.786248
        ]
      }
    ],
    "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."
    }
  }
}