{ "ticker": { "uuid": "bb054c71-3b2c-4a7f-8d8f-84f1f12a262b", "symbol": "CMSA", "name": "CMS Energy Corporation 5.6% JRSUB NT 78", "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": 94.362, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -69.18, "architecture_energy": 54.315, "architecture_maturity": 18.749, "architecture_confidence": 88.033, "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": 19.41, "rotation_up": 16.42, "upward_expansion": 8.76, "deceleration": 45.19, "rotation_down": 59.91, "downward_expansion": 79.76 }, "activity_lines": [ 20.872, 20.945364, 21.12465, 21.247569 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 20.724, "trend_reference": 21.461515, "distance_from_trend": -0.034365, "trend_direction": "Weakening", "fair_value": 21.042339, "distance_from_fair_value": -0.015129, "fair_value_direction": "Weakening", "relative_strength": -14.922931, "relative_strength_direction": "Weakening", "price_momentum": -0.058963, "excess_performance": -0.184587, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.034365, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.008474, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.015129, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.057451, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.149229, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.056295, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.058963, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.762075, "read": "Supply-led" } ], "volume": { "latest": 46639, "relative_activity": 0.664465, "balance": 0.762075, "dry_up": 0.870942, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.015807, "annualized_volatility": 0.082131, "from_high_reference": -0.119084, "from_low_reference": 0.003098 }, "levels": { "trend_reference": 21.461515, "fair_value_reference": 21.042339, "structural_low": 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"fair_value": 21.027863, "relative_strength": -10.554223, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.09132, "energy": 40.659581, "activity_lines": [ 21.093667, 21.122154, 21.261022, 21.383932 ] }, { "date": "2026-07-24", "close": 20.79, "volume": 63230, "typical_volume": 69426.05, "trend": 21.51251, "fair_value": 21.031133, "relative_strength": -11.335256, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.707437, "energy": 42.997113, "activity_lines": [ 21.004, 21.047031, 21.210422, 21.336637 ] }, { "date": "2026-07-31", "close": 20.9, "volume": 81781, "typical_volume": 70381.2, "trend": 21.492044, "fair_value": 21.037728, "relative_strength": -11.529861, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.808221, "energy": 40.310804, "activity_lines": [ 20.972333, 21.008545, 21.174375, 21.29712 ] }, { "date": "2026-08-07", "close": 20.724, "volume": 46639, "typical_volume": 70190.35, "trend": 21.461515, "fair_value": 21.042339, "relative_strength": -14.922931, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.180481, "energy": 54.315342, "activity_lines": [ 20.872, 20.945364, 21.12465, 21.247569 ] } ], "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." } } }