{
  "ticker": {
    "uuid": "bee51964-f246-40e1-b684-5de2cce20264",
    "symbol": "KARO",
    "name": "Karooooo Ltd",
    "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": "2c",
    "phase_label": "Stage 2C \u00b7 Late advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 74.961,
    "architecture_energy": 88.785,
    "architecture_maturity": 28.0,
    "architecture_confidence": 82.606,
    "architecture_tenure": "New",
    "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": 7.3,
        "rotation_up": 84.8,
        "upward_expansion": 99.33,
        "deceleration": 39.01,
        "rotation_down": 8.13,
        "downward_expansion": 21.33
      },
      "activity_lines": [
        63.518064,
        59.024911,
        54.570679,
        52.714979
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 64.81,
    "trend_reference": 50.765308,
    "distance_from_trend": 0.276659,
    "trend_direction": "Improving",
    "fair_value": 39.465397,
    "distance_from_fair_value": 0.642198,
    "fair_value_direction": "Improving",
    "relative_strength": 13.616877,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.296459,
    "excess_performance": 0.109006,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.276659,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.068788,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.642198,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.279811,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.136169,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.283575,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.296459,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.368724,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 696776,
      "relative_activity": 1.402474,
      "balance": 3.368724,
      "dry_up": 1.61525,
      "accumulation_observations": 5,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.080005,
      "annualized_volatility": 0.317491,
      "from_high_reference": -0.034704,
      "from_low_reference": 0.571152
    },
    "levels": {
      "trend_reference": 50.765308,
      "fair_value_reference": 39.465397,
      "structural_low": 42.395,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 19,
        "median_return": 0.02567,
        "positive_rate": 0.578947,
        "directional_follow_through": 0.578947,
        "median_excess_return": -0.009292,
        "regime_survival": 0.631579,
        "best_return": 0.121801,
        "worst_return": -0.213618,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 9,
        "median_return": 0.017501,
        "positive_rate": 0.555556,
        "directional_follow_through": 0.555556,
        "median_excess_return": -0.050832,
        "regime_survival": 0.444444,
        "best_return": 0.298883,
        "worst_return": -0.145274,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.169719,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": 0.009453,
        "regime_survival": 0.4,
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        "worst_return": -0.170879,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
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        "best_return": 0.661425,
        "worst_return": -0.076029,
        "sufficient": false
      }
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        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-03-28",
        "tenure": "Developing",
        "return": -0.075823,
        "active": false
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "start": "2025-04-04",
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        "return": 0.426551,
        "active": false
      },
      {
        "regime": "upward_expansion",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "end": "2025-08-29",
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      {
        "regime": "deceleration",
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        "end": "2025-11-07",
        "tenure": "New",
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        "active": false
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      {
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        "return": -0.052176,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-11-28",
        "end": "2026-01-16",
        "tenure": "Developing",
        "return": 0.039307,
        "active": false
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      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2026-02-06",
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        "return": 0.002808,
        "active": false
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        "regime": "rotation_up",
        "label": "Rotation Up",
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        "end": "2026-02-20",
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        "active": false
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        ]
      },
      {
        "date": "2026-05-01",
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        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-08",
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        "typical_volume": 261409.25,
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        "relative_strength": -14.740583,
        "stage": 3,
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        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-15",
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        "typical_volume": 293960.35,
        "trend": 47.354333,
        "fair_value": 37.017546,
        "relative_strength": -20.868375,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 299707.55,
        "trend": 47.394,
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        "stage": 3,
        "regime": "balance",
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        "gate": "up",
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        "energy": 13.40852,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "relative_strength": -19.867252,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 331432.3,
        "trend": 47.623,
        "fair_value": 37.522838,
        "relative_strength": -16.29331,
        "stage": 3,
        "regime": "balance",
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        "gate": "mixed",
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        "energy": 15.699709,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 333224.9,
        "trend": 47.660513,
        "fair_value": 37.679308,
        "relative_strength": -19.344454,
        "stage": 4,
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        "modifier": "Upper balance after advance",
        "gate": "mixed",
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      },
      {
        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "typical_volume": 351416.85,
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        "fair_value": 38.004057,
        "relative_strength": -12.177942,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -7.073711,
        "energy": 8.948674,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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        "volume": 483694,
        "typical_volume": 363659.25,
        "trend": 48.08611,
        "fair_value": 38.199447,
        "relative_strength": -5.77567,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
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        "energy": 20.077395,
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      },
      {
        "date": "2026-07-10",
        "close": 56.380958,
        "volume": 552806,
        "typical_volume": 380289.4,
        "trend": 48.413808,
        "fair_value": 38.415546,
        "relative_strength": -0.60777,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 69.485738,
        "energy": 56.180971,
        "activity_lines": [
          51.821389,
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        ]
      },
      {
        "date": "2026-07-17",
        "close": 62.69,
        "volume": 1151000,
        "typical_volume": 426772.25,
        "trend": 48.940475,
        "fair_value": 38.671628,
        "relative_strength": 15.226908,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 83.909051,
        "energy": 80.854521,
        "activity_lines": [
          56.040439,
          52.321052,
          50.669811,
          49.886114
        ]
      },
      {
        "date": "2026-07-24",
        "close": 63.34,
        "volume": 663661,
        "typical_volume": 449290.05,
        "trend": 49.472475,
        "fair_value": 38.923425,
        "relative_strength": 18.02577,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 82.720488,
        "energy": 87.827717,
        "activity_lines": [
          59.374515,
          54.722975,
          51.975505,
          50.815115
        ]
      },
      {
        "date": "2026-07-31",
        "close": 64.235,
        "volume": 698512,
        "typical_volume": 472991.7,
        "trend": 50.124642,
        "fair_value": 39.191689,
        "relative_strength": 18.630132,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 80.050075,
        "energy": 90.234403,
        "activity_lines": [
          61.865205,
          56.973079,
          53.286247,
          51.767536
        ]
      },
      {
        "date": "2026-08-07",
        "close": 64.81,
        "volume": 696776,
        "typical_volume": 496819.25,
        "trend": 50.765308,
        "fair_value": 39.465397,
        "relative_strength": 13.616877,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 74.9608,
        "energy": 88.785275,
        "activity_lines": [
          63.518064,
          59.024911,
          54.570679,
          52.714979
        ]
      }
    ],
    "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."
    }
  }
}