{
  "ticker": {
    "uuid": "c2f758e3-e5b8-402b-9a5e-118e7e0bdb5d",
    "symbol": "UONEK",
    "name": "Urban One Inc Class D",
    "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": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -33.323,
    "architecture_energy": 16.045,
    "architecture_maturity": 79.439,
    "architecture_confidence": 77.114,
    "architecture_tenure": "Established",
    "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": 45.88,
        "rotation_up": 25.98,
        "upward_expansion": 17.56,
        "deceleration": 46.11,
        "rotation_down": 27.45,
        "downward_expansion": 56.23
      },
      "activity_lines": [
        4.908,
        4.76,
        4.839937,
        5.188088
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.333333
    },
    "latest_close": 5.15,
    "trend_reference": 5.891747,
    "distance_from_trend": -0.125896,
    "trend_direction": "Weakening",
    "fair_value": 15.563894,
    "distance_from_fair_value": -0.669106,
    "fair_value_direction": "Improving",
    "relative_strength": -33.062966,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.421348,
    "excess_performance": -0.608802,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.125896,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.164731,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.669106,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.045377,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.33063,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.005142,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.421348,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.110273,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 44035,
      "relative_activity": 0.267565,
      "balance": 0.110273,
      "dry_up": 3.988658,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.177096,
      "annualized_volatility": 0.708827,
      "from_high_reference": -0.527523,
      "from_low_reference": 0.438507
    },
    "levels": {
      "trend_reference": 5.891747,
      "fair_value_reference": 15.563894,
      "structural_low": 3.5801,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 32,
        "median_return": -0.026485,
        "positive_rate": 0.375,
        "directional_follow_through": 0.625,
        "median_excess_return": -0.050249,
        "regime_survival": 0.875,
        "best_return": 0.367005,
        "worst_return": -0.328947,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
        "median_return": -0.23796,
        "positive_rate": 0.3,
        "directional_follow_through": 0.7,
        "median_excess_return": -0.238717,
        "regime_survival": 0.7,
        "best_return": 0.353293,
        "worst_return": -0.466307,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.11064,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.260786,
        "regime_survival": 0.5,
        "best_return": 0.598802,
        "worst_return": -0.616279,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.288235,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.532581,
        "regime_survival": 0.333333,
        "best_return": 0.287425,
        "worst_return": -0.802326,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "balance",
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        "end": "2023-09-01",
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        "regime": "rotation_down",
        "label": "Rotation Down",
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      },
      {
        "regime": "downward_expansion",
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      {
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      {
        "regime": "downward_expansion",
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      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2025-10-03",
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      {
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        "date": "2026-05-01",
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        "date": "2026-05-22",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "fair_value": 16.889983,
        "relative_strength": -46.692264,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
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        "energy": 43.857313,
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      },
      {
        "date": "2026-07-17",
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        "volume": 2383219,
        "typical_volume": 155937.2,
        "trend": 6.27758,
        "fair_value": 16.548701,
        "relative_strength": -45.712162,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.231111,
        "energy": 43.924081,
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          4.395333,
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          4.837186,
          5.393716
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      },
      {
        "date": "2026-07-24",
        "close": 5.08,
        "volume": 167430,
        "typical_volume": 163156.9,
        "trend": 6.150247,
        "fair_value": 16.215881,
        "relative_strength": -31.325265,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -52.376096,
        "energy": 32.109081,
        "activity_lines": [
          4.590667,
          4.608727,
          4.827865,
          5.316453
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      },
      {
        "date": "2026-07-31",
        "close": 5.04,
        "volume": 31077,
        "typical_volume": 163600.3,
        "trend": 6.029413,
        "fair_value": 15.88024,
        "relative_strength": -31.689582,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -39.766829,
        "energy": 25.249749,
        "activity_lines": [
          4.746,
          4.676545,
          4.82721,
          5.244824
        ]
      },
      {
        "date": "2026-08-07",
        "close": 5.15,
        "volume": 44035,
        "typical_volume": 164576.7,
        "trend": 5.891747,
        "fair_value": 15.563894,
        "relative_strength": -33.062966,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -33.323128,
        "energy": 16.044563,
        "activity_lines": [
          4.908,
          4.76,
          4.839937,
          5.188088
        ]
      }
    ],
    "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."
    }
  }
}