{
  "ticker": {
    "uuid": "befb3b9b-443c-4b98-b897-f69e6c3eb651",
    "symbol": "BXC",
    "name": "BlueLinx Holdings 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": 96.0,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Structural repair",
    "architecture_gate": "mixed",
    "architecture_direction": 56.589,
    "architecture_energy": 61.237,
    "architecture_maturity": 22.0,
    "architecture_confidence": 72.222,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating upward.",
        "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair."
      },
      "scores": {
        "balance": 27.61,
        "rotation_up": 66.68,
        "upward_expansion": 56.72,
        "deceleration": 27.38,
        "rotation_down": 22.82,
        "downward_expansion": 24.38
      },
      "activity_lines": [
        67.773333,
        63.285818,
        59.016238,
        58.34086
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.166667
    },
    "latest_close": 89.88,
    "trend_reference": 59.998333,
    "distance_from_trend": 0.498042,
    "trend_direction": "Weakening",
    "fair_value": 85.766474,
    "distance_from_fair_value": 0.047962,
    "fair_value_direction": "Improving",
    "relative_strength": 24.424148,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.137002,
    "excess_performance": 0.011377,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.498042,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.009754,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.047962,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.455641,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.244241,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.561065,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.137002,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.928745,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 1429420,
      "relative_activity": 2.1169,
      "balance": 0.928745,
      "dry_up": 1.369247,
      "accumulation_observations": 3,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.11069,
      "annualized_volatility": 0.933193,
      "from_high_reference": -0.010895,
      "from_low_reference": 1.007146
    },
    "levels": {
      "trend_reference": 59.998333,
      "fair_value_reference": 85.766474,
      "structural_low": 44.78,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 6,
        "median_return": -0.047172,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.082302,
        "regime_survival": 0.0,
        "best_return": 0.166489,
        "worst_return": -0.241746,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": -0.151422,
        "positive_rate": 0.166667,
        "directional_follow_through": 0.166667,
        "median_excess_return": -0.204345,
        "regime_survival": 0.0,
        "best_return": 0.274149,
        "worst_return": -0.337255,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.0424,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.188693,
        "regime_survival": 0.0,
        "best_return": 0.191024,
        "worst_return": -0.304318,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.006068,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.193547,
        "regime_survival": 0.0,
        "best_return": 0.371171,
        "worst_return": -0.359036,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-01-17",
        "end": "2025-01-31",
        "tenure": "New",
        "return": 0.009933,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-02-07",
        "end": "2025-02-28",
        "tenure": "New",
        "return": -0.228594,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-03-07",
        "end": "2025-07-18",
        "tenure": "Established",
        "return": -0.057077,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-07-25",
        "end": "2025-08-29",
        "tenure": "Developing",
        "return": 0.03198,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-09-05",
        "end": "2025-09-19",
        "tenure": "New",
        "return": -0.119197,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-10-17",
        "tenure": "New",
        "return": -0.053051,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-10-24",
        "end": "2025-11-14",
        "tenure": "New",
        "return": -0.236056,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-11-21",
        "end": "2026-01-16",
        "tenure": "Developing",
        "return": 0.325977,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-01-23",
        "end": "2026-01-30",
        "tenure": "New",
        "return": -0.051153,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-02-06",
        "end": "2026-02-27",
        "tenure": "New",
        "return": -0.166097,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-03-06",
        "end": "2026-03-06",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-03-13",
        "end": "2026-06-26",
        "tenure": "Established",
        "return": 0.32226,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-07-03",
        "end": "2026-07-31",
        "tenure": "Developing",
        "return": -0.046094,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-08-07",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.0,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
        "close": 81.22,
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        "typical_volume": 424536.45,
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        "activity_lines": [
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      },
      {
        "date": "2023-08-25",
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      },
      {
        "date": "2023-09-01",
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      },
      {
        "date": "2023-09-08",
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      },
      {
        "date": "2023-09-15",
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      },
      {
        "date": "2023-09-22",
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      },
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      },
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        "relative_strength": -31.111423,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -47.206681,
        "energy": 27.385888,
        "activity_lines": [
          55.481333,
          54.324364,
          59.381333,
          61.11071
        ]
      },
      {
        "date": "2026-05-08",
        "close": 52.39,
        "volume": 955414,
        "typical_volume": 486548.55,
        "trend": 62.483333,
        "fair_value": 88.448718,
        "relative_strength": -31.682387,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -46.513249,
        "energy": 28.455966,
        "activity_lines": [
          54.528,
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        ]
      },
      {
        "date": "2026-05-15",
        "close": 50.54,
        "volume": 793927,
        "typical_volume": 513023.85,
        "trend": 61.829667,
        "fair_value": 88.226667,
        "relative_strength": -33.588903,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.906643,
        "energy": 38.748911,
        "activity_lines": [
          52.902667,
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          57.308952,
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      },
      {
        "date": "2026-05-22",
        "close": 48.85,
        "volume": 907634,
        "typical_volume": 545992.75,
        "trend": 61.037667,
        "fair_value": 88.000385,
        "relative_strength": -35.772347,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.702021,
        "energy": 47.290674,
        "activity_lines": [
          51.075333,
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          58.812409
        ]
      },
      {
        "date": "2026-05-29",
        "close": 51.99,
        "volume": 581632,
        "typical_volume": 549683.8,
        "trend": 60.589333,
        "fair_value": 87.768141,
        "relative_strength": -32.032459,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -56.921435,
        "energy": 42.220682,
        "activity_lines": [
          50.923333,
          52.561636,
          55.258,
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        ]
      },
      {
        "date": "2026-06-05",
        "close": 50.3,
        "volume": 536254,
        "typical_volume": 544412.8,
        "trend": 60.243,
        "fair_value": 87.507564,
        "relative_strength": -31.964879,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -59.060552,
        "energy": 45.139006,
        "activity_lines": [
          50.632,
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      },
      {
        "date": "2026-06-12",
        "close": 55.06,
        "volume": 445024,
        "typical_volume": 551628.3,
        "trend": 60.229333,
        "fair_value": 87.274359,
        "relative_strength": -25.395682,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -52.851258,
        "energy": 32.829523,
        "activity_lines": [
          52.047333,
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      },
      {
        "date": "2026-06-19",
        "close": 57.56,
        "volume": 598243,
        "typical_volume": 559362.95,
        "trend": 60.229667,
        "fair_value": 87.068654,
        "relative_strength": -22.127923,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -32.827779,
        "energy": 16.816019,
        "activity_lines": [
          54.118,
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      },
      {
        "date": "2026-06-26",
        "close": 65.28,
        "volume": 965225,
        "typical_volume": 582841.4,
        "trend": 60.326,
        "fair_value": 86.885962,
        "relative_strength": -8.957486,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": 7.994168,
        "energy": 16.147812,
        "activity_lines": [
          58.294,
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          54.77919,
          57.384086
        ]
      },
      {
        "date": "2026-07-03",
        "close": 56.84,
        "volume": 675395,
        "typical_volume": 599560.45,
        "trend": 60.206,
        "fair_value": 86.652308,
        "relative_strength": -21.492507,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -8.427322,
        "energy": 18.651724,
        "activity_lines": [
          58.561333,
          55.772182,
          54.822333,
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        ]
      },
      {
        "date": "2026-07-10",
        "close": 54.17,
        "volume": 664300,
        "typical_volume": 620831.0,
        "trend": 59.835667,
        "fair_value": 86.388846,
        "relative_strength": -25.172998,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -13.146361,
        "energy": 16.838512,
        "activity_lines": [
          57.615333,
          55.786545,
          54.694762,
          56.769763
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      },
      {
        "date": "2026-07-17",
        "close": 60.46,
        "volume": 731179,
        "typical_volume": 626205.8,
        "trend": 59.758667,
        "fair_value": 86.155897,
        "relative_strength": -14.524752,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -1.573523,
        "energy": 12.656471,
        "activity_lines": [
          58.508,
          56.906909,
          55.254667,
          56.810043
        ]
      },
      {
        "date": "2026-07-24",
        "close": 58.41,
        "volume": 864070,
        "typical_volume": 653607.1,
        "trend": 59.620667,
        "fair_value": 85.935577,
        "relative_strength": -16.122267,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -8.854902,
        "energy": 8.43582,
        "activity_lines": [
          58.357333,
          57.507818,
          55.645333,
          56.723032
        ]
      },
      {
        "date": "2026-07-31",
        "close": 54.22,
        "volume": 673625,
        "typical_volume": 656214.15,
        "trend": 59.403,
        "fair_value": 85.722885,
        "relative_strength": -22.277791,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -27.902426,
        "energy": 11.77851,
        "activity_lines": [
          56.753333,
          57.203818,
          55.644238,
          56.374602
        ]
      },
      {
        "date": "2026-08-07",
        "close": 89.88,
        "volume": 1429420,
        "typical_volume": 675242.1,
        "trend": 59.998333,
        "fair_value": 85.766474,
        "relative_strength": 24.424148,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 56.588586,
        "energy": 61.236694,
        "activity_lines": [
          67.773333,
          63.285818,
          59.016238,
          58.34086
        ]
      }
    ],
    "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."
    }
  }
}