{ "ticker": { "uuid": "d21e8d4c-b32a-4acd-aaec-3d46342fdcd3", "symbol": "NLOP", "name": "Net Lease Office Properties", "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": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 60.105, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 21.835, "architecture_energy": 13.275, "architecture_maturity": 34.306, "architecture_confidence": 60.357, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 49.44, "rotation_up": 36.61, "upward_expansion": 53.05, "deceleration": 67.55, "rotation_down": 21.51, "downward_expansion": 23.72 }, "activity_lines": [ 11.539333, 11.485091, 11.677392, 11.603998 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 11.57, "trend_reference": 11.326282, "distance_from_trend": 0.021518, "trend_direction": "Improving", "fair_value": 9.528445, "distance_from_fair_value": 0.214259, "fair_value_direction": "Weakening", "relative_strength": -5.658692, "relative_strength_direction": "Weakening", "price_momentum": 0.160142, "excess_performance": 0.034517, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.021518, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.031731, "read": "Rising" }, { "label": "Price 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"fair_value": 9.499187, "relative_strength": -3.630845, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 2.477604, "energy": 16.674188, "activity_lines": [ 11.361333, 11.463273, 11.700334, 11.556006 ] }, { "date": "2026-07-31", "close": 11.7, "volume": 625980, "typical_volume": 815381.45, "trend": 11.280872, "fair_value": 9.514365, "relative_strength": -1.47872, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.316849, "energy": 7.369401, "activity_lines": [ 11.483333, 11.484545, 11.697628, 11.585345 ] }, { "date": "2026-08-07", "close": 11.57, "volume": 718164, "typical_volume": 796154.7, "trend": 11.326282, "fair_value": 9.528445, "relative_strength": -5.658692, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.834995, "energy": 13.275179, "activity_lines": [ 11.539333, 11.485091, 11.677392, 11.603998 ] } ], "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." } } }