{
  "ticker": {
    "uuid": "d2d5dedb-0bc4-44da-b809-63464143114e",
    "symbol": "MIDD",
    "name": "Middleby Corp",
    "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": "2c",
    "phase_label": "Stage 2C \u00b7 Late advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 70.229,
    "architecture_energy": 86.766,
    "architecture_maturity": 36.0,
    "architecture_confidence": 87.353,
    "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": 0.0,
        "rotation_up": 81.69,
        "upward_expansion": 99.41,
        "deceleration": 39.26,
        "rotation_down": 9.85,
        "downward_expansion": 21.41
      },
      "activity_lines": [
        134.038,
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        115.720437,
        109.657534
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 134.5,
    "trend_reference": 103.787596,
    "distance_from_trend": 0.295916,
    "trend_direction": "Improving",
    "fair_value": 92.138317,
    "distance_from_fair_value": 0.459762,
    "fair_value_direction": "Improving",
    "relative_strength": 22.4526,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.298873,
    "excess_performance": 0.11142,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.295916,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.120157,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.459762,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.286935,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.224526,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.260322,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.298873,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.36355,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 2287351,
      "relative_activity": 0.775218,
      "balance": 2.36355,
      "dry_up": 0.832124,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.071364,
      "annualized_volatility": 0.496468,
      "from_high_reference": -0.09455,
      "from_low_reference": 0.888301
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    "levels": {
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      "fair_value_reference": 92.138317,
      "structural_low": 81.209756,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 16,
        "median_return": -0.035551,
        "positive_rate": 0.3125,
        "directional_follow_through": 0.3125,
        "median_excess_return": -0.001429,
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        "worst_return": -0.238245,
        "sufficient": true
      },
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        "horizon": "Intermediate",
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        "sufficient": true
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        "horizon": "Extended",
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        "horizon": "Full cycle",
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      },
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      },
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      },
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        "date": "2026-06-05",
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      },
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      },
      {
        "date": "2026-07-03",
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        "fair_value": 90.849011,
        "relative_strength": 5.878088,
        "stage": 2,
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      },
      {
        "date": "2026-07-10",
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        "fair_value": 91.125601,
        "relative_strength": 25.140453,
        "stage": 2,
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      },
      {
        "date": "2026-07-17",
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        "volume": 3145003,
        "typical_volume": 3037199.35,
        "trend": 100.23501,
        "fair_value": 91.385951,
        "relative_strength": 27.831932,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 85.785045,
        "energy": 92.80624,
        "activity_lines": [
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          103.361916
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      },
      {
        "date": "2026-07-24",
        "close": 133.88,
        "volume": 2231182,
        "typical_volume": 3001727.6,
        "trend": 101.460213,
        "fair_value": 91.619466,
        "relative_strength": 30.129286,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 78.770005,
        "energy": 91.109721,
        "activity_lines": [
          129.721789,
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          105.532561
        ]
      },
      {
        "date": "2026-07-31",
        "close": 133.58,
        "volume": 2157493,
        "typical_volume": 2979385.4,
        "trend": 102.6827,
        "fair_value": 91.888427,
        "relative_strength": 28.649518,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 71.807082,
        "energy": 88.612537,
        "activity_lines": [
          132.465068,
          124.289297,
          112.841066,
          107.604805
        ]
      },
      {
        "date": "2026-08-07",
        "close": 134.5,
        "volume": 2287351,
        "typical_volume": 2950591.35,
        "trend": 103.787596,
        "fair_value": 92.138317,
        "relative_strength": 22.4526,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 70.229338,
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        "activity_lines": [
          134.038,
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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."
    }
  }
}