{
  "ticker": {
    "uuid": "cdd1f6a5-a950-4e61-b81a-3d73dfa9fe42",
    "symbol": "TVE",
    "name": "Tennessee Valley Authority",
    "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": "4c",
    "phase_label": "Stage 4C \u00b7 Repair watch",
    "transition": "stage_4_to_1_watch",
    "transition_label": "Stage 4 \u2192 1 repair watch",
    "confidence": 68.334,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -43.145,
    "architecture_energy": 25.104,
    "architecture_maturity": 56.722,
    "architecture_confidence": 84.858,
    "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": 31.8,
        "rotation_up": 25.86,
        "upward_expansion": 18.94,
        "deceleration": 45.48,
        "rotation_down": 37.91,
        "downward_expansion": 62.27
      },
      "activity_lines": [
        23.491198,
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        23.645366
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.666667
    },
    "latest_close": 23.46,
    "trend_reference": 23.815889,
    "distance_from_trend": -0.014943,
    "trend_direction": "Weakening",
    "fair_value": 22.151123,
    "distance_from_fair_value": 0.059089,
    "fair_value_direction": "Weakening",
    "relative_strength": -12.133971,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.035334,
    "excess_performance": -0.160959,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.014943,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.006997,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.059089,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.02474,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.12134,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.013903,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.035334,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.494334,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 28187,
      "relative_activity": 0.416559,
      "balance": 0.494334,
      "dry_up": 0.562466,
      "accumulation_observations": 0,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.010051,
      "annualized_volatility": 0.049962,
      "from_high_reference": -0.044321,
      "from_low_reference": 0.024284
    },
    "levels": {
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      "fair_value_reference": 22.151123,
      "structural_low": 23.273761,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 15,
        "median_return": -0.001593,
        "positive_rate": 0.4,
        "directional_follow_through": 0.533333,
        "median_excess_return": 0.011413,
        "regime_survival": 0.933333,
        "best_return": 0.035973,
        "worst_return": -0.065441,
        "sufficient": true
      },
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        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": -0.053559,
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        "worst_return": -0.060722,
        "sufficient": false
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        "horizon": "Extended",
        "sample_count": 2,
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        "directional_follow_through": 1.0,
        "median_excess_return": 0.017223,
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        "worst_return": -0.114957,
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        "sample_count": 1,
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        "regime": "deceleration",
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        "regime": "rotation_down",
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        "regime": "upward_expansion",
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        "regime": "upward_expansion",
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        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 18.720373,
        "energy": 12.38368,
        "activity_lines": [
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      },
      {
        "date": "2026-04-24",
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        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
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      },
      {
        "date": "2026-05-01",
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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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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 73161.0,
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      },
      {
        "date": "2026-06-05",
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        "relative_strength": -10.218511,
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      },
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        "date": "2026-06-12",
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        "typical_volume": 73670.35,
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        "energy": 62.712479,
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      },
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        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "stage": 3,
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        "direction": -63.185102,
        "energy": 44.865047,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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        "typical_volume": 76169.0,
        "trend": 23.911629,
        "fair_value": 22.037803,
        "relative_strength": -10.287861,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.502391,
        "energy": 43.959897,
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 74526.7,
        "trend": 23.892884,
        "fair_value": 22.058951,
        "relative_strength": -11.495781,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.737903,
        "energy": 47.658597,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 23.462655,
        "volume": 22458,
        "typical_volume": 71560.3,
        "trend": 23.873829,
        "fair_value": 22.081098,
        "relative_strength": -9.426451,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -57.25434,
        "energy": 43.196014,
        "activity_lines": [
          23.431358,
          23.461597,
          23.58309,
          23.714147
        ]
      },
      {
        "date": "2026-07-24",
        "close": 23.383121,
        "volume": 55325,
        "typical_volume": 72300.6,
        "trend": 23.854759,
        "fair_value": 22.102684,
        "relative_strength": -8.973087,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.32528,
        "energy": 46.51021,
        "activity_lines": [
          23.409632,
          23.445228,
          23.553753,
          23.682489
        ]
      },
      {
        "date": "2026-07-31",
        "close": 23.66,
        "volume": 46270,
        "typical_volume": 72865.2,
        "trend": 23.840635,
        "fair_value": 22.127484,
        "relative_strength": -8.60522,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -44.041733,
        "energy": 29.375834,
        "activity_lines": [
          23.490658,
          23.47969,
          23.55316,
          23.669924
        ]
      },
      {
        "date": "2026-08-07",
        "close": 23.46,
        "volume": 28187,
        "typical_volume": 67666.35,
        "trend": 23.815889,
        "fair_value": 22.151123,
        "relative_strength": -12.133971,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -43.145059,
        "energy": 25.103676,
        "activity_lines": [
          23.491198,
          23.47506,
          23.534812,
          23.645366
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      }
    ],
    "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."
    }
  }
}