{
  "ticker": {
    "uuid": "d1c0edcb-a790-4c19-a3b2-866837c12798",
    "symbol": "HURC",
    "name": "Hurco Companies 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": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 49.869,
    "architecture_energy": 38.394,
    "architecture_maturity": 89.664,
    "architecture_confidence": 84.799,
    "architecture_tenure": "Developing",
    "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": 19.86,
        "rotation_up": 38.78,
        "upward_expansion": 68.48,
        "deceleration": 85.48,
        "rotation_down": 27.31,
        "downward_expansion": 18.48
      },
      "activity_lines": [
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        19.420043
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 22.06,
    "trend_reference": 18.282167,
    "distance_from_trend": 0.20664,
    "trend_direction": "Improving",
    "fair_value": 18.781963,
    "distance_from_fair_value": 0.174531,
    "fair_value_direction": "Improving",
    "relative_strength": 9.327804,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.265634,
    "excess_performance": 0.07818,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.20664,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.121869,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.174531,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.297112,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.093278,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.280324,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.265634,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.600217,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 75965,
      "relative_activity": 0.540196,
      "balance": 2.600217,
      "dry_up": 0.96688,
      "accumulation_observations": 6,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.07604,
      "annualized_volatility": 0.414081,
      "from_high_reference": -0.071158,
      "from_low_reference": 0.521379
    },
    "levels": {
      "trend_reference": 18.282167,
      "fair_value_reference": 18.781963,
      "structural_low": 14.5,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 11,
        "median_return": 0.003499,
        "positive_rate": 0.545455,
        "directional_follow_through": 0.545455,
        "median_excess_return": -0.032191,
        "regime_survival": 0.636364,
        "best_return": 0.087332,
        "worst_return": -0.209502,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": -0.116226,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.122242,
        "regime_survival": 0.0,
        "best_return": 0.037908,
        "worst_return": -0.265498,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.251808,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.278086,
        "regime_survival": 0.0,
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        "worst_return": -0.303348,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "regime_survival": 0.666667,
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        "sufficient": false
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    ],
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      {
        "regime": "deceleration",
        "label": "Deceleration",
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      {
        "regime": "rotation_down",
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        "active": false
      },
      {
        "regime": "downward_expansion",
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        "regime": "rotation_up",
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        "regime": "deceleration",
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        "regime": "downward_expansion",
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        "direction": -21.099274,
        "energy": 16.305352,
        "activity_lines": [
          16.128,
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        ]
      },
      {
        "date": "2026-05-01",
        "close": 17.23,
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        "typical_volume": 119155.3,
        "trend": 16.421167,
        "fair_value": 18.859511,
        "relative_strength": -10.99894,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 15.220397,
        "energy": 22.88346,
        "activity_lines": [
          16.594667,
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        ]
      },
      {
        "date": "2026-05-08",
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        "fair_value": 18.827939,
        "relative_strength": -18.704613,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
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        "activity_lines": [
          16.662667,
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        ]
      },
      {
        "date": "2026-05-15",
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        "typical_volume": 115479.65,
        "trend": 16.3665,
        "fair_value": 18.798441,
        "relative_strength": -17.56982,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 22.710153,
        "energy": 21.683184,
        "activity_lines": [
          16.678667,
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        ]
      },
      {
        "date": "2026-05-22",
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        "typical_volume": 111859.4,
        "trend": 16.322167,
        "fair_value": 18.775879,
        "relative_strength": -15.870788,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 57.732811,
        "energy": 38.937906,
        "activity_lines": [
          16.839333,
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 105112.6,
        "trend": 16.296167,
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        "relative_strength": -17.717992,
        "stage": 3,
        "regime": "balance",
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        "gate": "up",
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        "energy": 34.204764,
        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 106802.85,
        "trend": 16.453833,
        "fair_value": 18.748382,
        "relative_strength": 5.772301,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 89.321783,
        "energy": 78.941206,
        "activity_lines": [
          18.364667,
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      },
      {
        "date": "2026-06-12",
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        "volume": 251857,
        "typical_volume": 115164.95,
        "trend": 16.618167,
        "fair_value": 18.751551,
        "relative_strength": 5.563096,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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        "relative_strength": 4.71744,
        "stage": 2,
        "regime": "upward_expansion",
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        "energy": 94.655785,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
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        "volume": 278542,
        "typical_volume": 125491.7,
        "trend": 17.019833,
        "fair_value": 18.769127,
        "relative_strength": 12.439597,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 83.288029,
        "energy": 93.721005,
        "activity_lines": [
          21.658667,
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          18.329429,
          17.745892
        ]
      },
      {
        "date": "2026-07-03",
        "close": 22.33,
        "volume": 152492,
        "typical_volume": 129697.85,
        "trend": 17.2665,
        "fair_value": 18.779334,
        "relative_strength": 10.916002,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 72.627233,
        "energy": 89.626663,
        "activity_lines": [
          22.14,
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          18.088484
        ]
      },
      {
        "date": "2026-07-10",
        "close": 23.32,
        "volume": 308947,
        "typical_volume": 141743.0,
        "trend": 17.5405,
        "fair_value": 18.792941,
        "relative_strength": 14.004422,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 80.547148,
        "energy": 91.219727,
        "activity_lines": [
          22.607333,
          21.336,
          19.331952,
          18.479032
        ]
      },
      {
        "date": "2026-07-17",
        "close": 21.88,
        "volume": 257389,
        "typical_volume": 149072.65,
        "trend": 17.773833,
        "fair_value": 18.794059,
        "relative_strength": 11.912278,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.309839,
        "energy": 66.176727,
        "activity_lines": [
          22.448667,
          21.671455,
          19.704167,
          18.759
        ]
      },
      {
        "date": "2026-07-24",
        "close": 21.21,
        "volume": 103474,
        "typical_volume": 147527.85,
        "trend": 17.970167,
        "fair_value": 18.786996,
        "relative_strength": 10.580055,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.032555,
        "energy": 59.109975,
        "activity_lines": [
          22.048,
          21.787636,
          19.992714,
          18.980688
        ]
      },
      {
        "date": "2026-07-31",
        "close": 20.84,
        "volume": 107041,
        "typical_volume": 142783.6,
        "trend": 18.119833,
        "fair_value": 18.77988,
        "relative_strength": 8.37031,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 50.247644,
        "energy": 45.157747,
        "activity_lines": [
          21.576667,
          21.753273,
          20.219024,
          19.165839
        ]
      },
      {
        "date": "2026-08-07",
        "close": 22.06,
        "volume": 75965,
        "typical_volume": 140624.8,
        "trend": 18.282167,
        "fair_value": 18.781963,
        "relative_strength": 9.327804,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 49.869442,
        "energy": 38.39376,
        "activity_lines": [
          21.624667,
          21.873091,
          20.532286,
          19.420043
        ]
      }
    ],
    "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."
    }
  }
}