{
  "ticker": {
    "uuid": "c2ed2611-298c-4b8a-88c3-dd611e4212e7",
    "symbol": "PRAA",
    "name": "PRA Group Inc",
    "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": 3,
    "stage_name": "Distribution",
    "phase": "3b",
    "phase_label": "Stage 3B \u00b7 Distribution",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 96.0,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "up",
    "architecture_direction": 60.897,
    "architecture_energy": 30.708,
    "architecture_maturity": 26.45,
    "architecture_confidence": 70.593,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The prior uptrend is attempting to re-accelerate.",
        "body": "Positive Trend survived a recompression and Fast Activity is strengthening again. Promotion requires renewed confirmation across the completed evidence set."
      },
      "scores": {
        "balance": 35.11,
        "rotation_up": 52.95,
        "upward_expansion": 72.96,
        "deceleration": 59.63,
        "rotation_down": 17.23,
        "downward_expansion": 4.29
      },
      "activity_lines": [
        18.273333,
        17.948727,
        17.649238,
        17.439075
      ],
      "activity_state": "Compressed",
      "activity_direction": "Stable",
      "rotation_direction": "Improving",
      "price_acceptance": 0.333333
    },
    "latest_close": 19.79,
    "trend_reference": 16.786,
    "distance_from_trend": 0.178959,
    "trend_direction": "Improving",
    "fair_value": 19.24625,
    "distance_from_fair_value": 0.028252,
    "fair_value_direction": "Improving",
    "relative_strength": 4.917494,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.728384,
    "excess_performance": 0.540931,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.178959,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.0156,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.028252,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.052996,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.049175,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.053626,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.728384,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.614581,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 2636377,
      "relative_activity": 1.014364,
      "balance": 0.614581,
      "dry_up": 0.731871,
      "accumulation_observations": 3,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.117341,
      "annualized_volatility": 0.83653,
      "from_high_reference": -0.122395,
      "from_low_reference": 0.930732
    },
    "levels": {
      "trend_reference": 16.786,
      "fair_value_reference": 19.24625,
      "structural_low": 10.25,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 14,
        "median_return": -0.044812,
        "positive_rate": 0.285714,
        "directional_follow_through": 0.285714,
        "median_excess_return": -0.043016,
        "regime_survival": 0.5,
        "best_return": 0.181122,
        "worst_return": -0.216346,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": -0.027778,
        "positive_rate": 0.285714,
        "directional_follow_through": 0.285714,
        "median_excess_return": -0.064766,
        "regime_survival": 0.428571,
        "best_return": 0.153345,
        "worst_return": -0.345585,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.327802,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.415397,
        "regime_survival": 0.25,
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        "worst_return": -0.378316,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.3019,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.656876,
        "regime_survival": 0.0,
        "best_return": -0.224393,
        "worst_return": -0.379407,
        "sufficient": false
      }
    ],
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        "regime": "downward_expansion",
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        "color": "red",
        "start": "2025-03-28",
        "end": "2025-08-15",
        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "tenure": "New",
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        "active": false
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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      },
      {
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        "active": false
      },
      {
        "regime": "downward_expansion",
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      {
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        "active": false
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      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2026-01-23",
        "tenure": "Developing",
        "return": -0.060803,
        "active": false
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "tenure": "New",
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        "active": false
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      {
        "regime": "downward_expansion",
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      {
        "regime": "deceleration",
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      {
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      {
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      },
      {
        "date": "2026-05-01",
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      },
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        "date": "2026-05-08",
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      },
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        "date": "2026-05-15",
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      },
      {
        "date": "2026-05-22",
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      },
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        "date": "2026-05-29",
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      },
      {
        "date": "2026-06-05",
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        "modifier": "Recompressing",
        "gate": "mixed",
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      },
      {
        "date": "2026-06-12",
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        "stage": 1,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
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      },
      {
        "date": "2026-06-19",
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        "stage": 1,
        "regime": "rotation_down",
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        "gate": "mixed",
        "direction": -24.087349,
        "energy": 39.151124,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
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        "stage": 1,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": 16.931045,
        "energy": 10.788721,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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        "trend": 16.66,
        "fair_value": 19.380353,
        "relative_strength": -2.360286,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
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        "energy": 19.503508,
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      },
      {
        "date": "2026-07-10",
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        "volume": 1625056,
        "typical_volume": 2956384.1,
        "trend": 16.697,
        "fair_value": 19.352981,
        "relative_strength": -2.774604,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 41.555822,
        "energy": 27.378859,
        "activity_lines": [
          17.862,
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      },
      {
        "date": "2026-07-17",
        "close": 18.12,
        "volume": 1334788,
        "typical_volume": 2770780.7,
        "trend": 16.736333,
        "fair_value": 19.319327,
        "relative_strength": -0.45307,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 39.016378,
        "energy": 31.499794,
        "activity_lines": [
          18.146667,
          17.249273,
          17.560095,
          17.182473
        ]
      },
      {
        "date": "2026-07-24",
        "close": 16.98,
        "volume": 2061930,
        "typical_volume": 2655056.45,
        "trend": 16.715,
        "fair_value": 19.27766,
        "relative_strength": -4.986624,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 32.091538,
        "energy": 22.118648,
        "activity_lines": [
          17.889333,
          17.327091,
          17.485524,
          17.198194
        ]
      },
      {
        "date": "2026-07-31",
        "close": 17.37,
        "volume": 1575562,
        "typical_volume": 2595031.2,
        "trend": 16.711333,
        "fair_value": 19.249263,
        "relative_strength": -3.189924,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 33.224388,
        "energy": 17.492322,
        "activity_lines": [
          17.626,
          17.442727,
          17.453667,
          17.240452
        ]
      },
      {
        "date": "2026-08-07",
        "close": 19.79,
        "volume": 2636377,
        "typical_volume": 2599043.9,
        "trend": 16.786,
        "fair_value": 19.24625,
        "relative_strength": 4.917494,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 60.897053,
        "energy": 30.708288,
        "activity_lines": [
          18.273333,
          17.948727,
          17.649238,
          17.439075
        ]
      }
    ],
    "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."
    }
  }
}