{
  "ticker": {
    "uuid": "e19f89ce-3846-45af-a849-259b96bac573",
    "symbol": "IDA",
    "name": "IDACORP Inc",
    "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": 73.353,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Upper balance after advance",
    "architecture_gate": "up",
    "architecture_direction": 14.746,
    "architecture_energy": 13.581,
    "architecture_maturity": 30.197,
    "architecture_confidence": 81.553,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 62.37,
        "rotation_up": 19.83,
        "upward_expansion": 52.93,
        "deceleration": 90.92,
        "rotation_down": 36.31,
        "downward_expansion": 21.27
      },
      "activity_lines": [
        144.380791,
        146.275171,
        145.399547,
        144.37167
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.166667
    },
    "latest_close": 141.84,
    "trend_reference": 142.306719,
    "distance_from_trend": -0.00328,
    "trend_direction": "Improving",
    "fair_value": 110.788053,
    "distance_from_fair_value": 0.280282,
    "fair_value_direction": "Weakening",
    "relative_strength": -6.71889,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.054465,
    "excess_performance": -0.07116,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.00328,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.049114,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.280282,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.070892,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.067189,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.06763,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.054465,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.834298,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 2424480,
      "relative_activity": 0.927028,
      "balance": 0.834298,
      "dry_up": 0.920323,
      "accumulation_observations": 4,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.045715,
      "annualized_volatility": 0.200439,
      "from_high_reference": -0.078746,
      "from_low_reference": 0.182436
    },
    "levels": {
      "trend_reference": 142.306719,
      "fair_value_reference": 110.788053,
      "structural_low": 133.499905,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 12,
        "median_return": 0.007725,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.001206,
        "regime_survival": 0.5,
        "best_return": 0.059135,
        "worst_return": -0.102297,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": 0.026976,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": 0.017465,
        "regime_survival": 0.2,
        "best_return": 0.115383,
        "worst_return": -0.068906,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.01986,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.069644,
        "regime_survival": 0.0,
        "best_return": 0.124096,
        "worst_return": -0.018922,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.26436,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.017557,
        "regime_survival": 0.0,
        "best_return": 0.287991,
        "worst_return": 0.06423,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2024-01-26",
        "tenure": "Developing",
        "return": -0.048221,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-02-02",
        "end": "2024-05-03",
        "tenure": "Established",
        "return": 0.052729,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-05-10",
        "end": "2024-06-14",
        "tenure": "Developing",
        "return": -0.066046,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "end": "2024-07-26",
        "tenure": "Developing",
        "return": 0.054738,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2024-12-27",
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        "return": 0.070711,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-02-21",
        "tenure": "Developing",
        "return": 0.056424,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2025-06-13",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "active": false
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      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "active": false
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      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "active": false
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        "regime": "upward_expansion",
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      {
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      {
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        "return": 0.0,
        "active": true
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      },
      {
        "date": "2026-04-17",
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      },
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      },
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      },
      {
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      },
      {
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 2569939.5,
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        "fair_value": 109.779233,
        "relative_strength": 1.055778,
        "stage": 2,
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        "modifier": "Re-accelerating",
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        "direction": 58.801357,
        "energy": 66.333073,
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      },
      {
        "date": "2026-07-24",
        "close": 147.662828,
        "volume": 2188557,
        "typical_volume": 2582607.15,
        "trend": 141.25247,
        "fair_value": 110.126335,
        "relative_strength": 1.450529,
        "stage": 2,
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        "modifier": "Re-accelerating",
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        "direction": 54.460687,
        "energy": 46.865631,
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      },
      {
        "date": "2026-07-31",
        "close": 142.037388,
        "volume": 2642423,
        "typical_volume": 2622338.95,
        "trend": 141.796545,
        "fair_value": 110.455409,
        "relative_strength": -3.407991,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 25.289453,
        "energy": 14.571326,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 141.84,
        "volume": 2424480,
        "typical_volume": 2615326.7,
        "trend": 142.306719,
        "fair_value": 110.788053,
        "relative_strength": -6.71889,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 14.745852,
        "energy": 13.580533,
        "activity_lines": [
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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."
    }
  }
}