{
  "ticker": {
    "uuid": "daf98b84-7765-4208-bb22-bc6048bcef8c",
    "symbol": "UTL",
    "name": "UNITIL Corporation",
    "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": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 92.583,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 55.588,
    "architecture_energy": 45.085,
    "architecture_maturity": 10.709,
    "architecture_confidence": 74.829,
    "architecture_tenure": "New",
    "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": 25.15,
        "rotation_up": 60.17,
        "upward_expansion": 80.52,
        "deceleration": 51.29,
        "rotation_down": 13.81,
        "downward_expansion": 7.19
      },
      "activity_lines": [
        54.220667,
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        52.876645,
        52.547711
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 53.73,
    "trend_reference": 51.970413,
    "distance_from_trend": 0.033857,
    "trend_direction": "Improving",
    "fair_value": 49.943736,
    "distance_from_fair_value": 0.075811,
    "fair_value_direction": "Improving",
    "relative_strength": -3.848222,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.082367,
    "excess_performance": -0.043258,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.033857,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.036552,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.075811,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.059811,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.038482,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.05698,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.082367,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.261988,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 658518,
      "relative_activity": 1.065443,
      "balance": 1.261988,
      "dry_up": 0.901012,
      "accumulation_observations": 4,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.047168,
      "annualized_volatility": 0.192375,
      "from_high_reference": -0.061649,
      "from_low_reference": 0.238672
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    "levels": {
      "trend_reference": 51.970413,
      "fair_value_reference": 49.943736,
      "structural_low": 48.39,
      "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": 24,
        "median_return": -0.003852,
        "positive_rate": 0.458333,
        "directional_follow_through": 0.458333,
        "median_excess_return": -0.006427,
        "regime_survival": 0.708333,
        "best_return": 0.115587,
        "worst_return": -0.117689,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "worst_return": -0.107444,
        "sufficient": true
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        "horizon": "Extended",
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        "worst_return": -0.136605,
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        "horizon": "Full cycle",
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      },
      {
        "date": "2026-04-24",
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        "date": "2026-05-08",
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        "date": "2026-05-15",
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        "stage": 3,
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        "modifier": "Upper balance after advance",
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      },
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        "date": "2026-06-05",
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      },
      {
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      },
      {
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 682890.3,
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        "fair_value": 49.738999,
        "relative_strength": -3.409134,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
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        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
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        "volume": 651040,
        "typical_volume": 684852.15,
        "trend": 51.332531,
        "fair_value": 49.779504,
        "relative_strength": 1.027429,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.704641,
        "energy": 58.72862,
        "activity_lines": [
          53.602,
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          52.260839,
          51.996167
        ]
      },
      {
        "date": "2026-07-24",
        "close": 55.58,
        "volume": 454235,
        "typical_volume": 676611.9,
        "trend": 51.586772,
        "fair_value": 49.834202,
        "relative_strength": 3.656596,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "direction": 69.209584,
        "energy": 64.978206,
        "activity_lines": [
          54.404,
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          52.588439,
          52.270197
        ]
      },
      {
        "date": "2026-07-31",
        "close": 53.94,
        "volume": 463761,
        "typical_volume": 668138.55,
        "trend": 51.781765,
        "fair_value": 49.89038,
        "relative_strength": -0.25538,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 57.613651,
        "energy": 51.725591,
        "activity_lines": [
          54.351333,
          53.626909,
          52.745566,
          52.422018
        ]
      },
      {
        "date": "2026-08-07",
        "close": 53.73,
        "volume": 658518,
        "typical_volume": 618069.85,
        "trend": 51.970413,
        "fair_value": 49.943736,
        "relative_strength": -3.848222,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 55.588022,
        "energy": 45.08501,
        "activity_lines": [
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          52.876645,
          52.547711
        ]
      }
    ],
    "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."
    }
  }
}