{
  "ticker": {
    "uuid": "e8056901-f3a3-4be5-a5f1-d43d8eab05e1",
    "symbol": "CLAR",
    "name": "Clarus 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": 1,
    "stage_name": "Basing",
    "phase": "1c",
    "phase_label": "Stage 1C \u00b7 Breakout watch",
    "transition": "stage_1_to_2_watch",
    "transition_label": "Stage 1 \u2192 2 watch",
    "confidence": 90.662,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Emerging rotation",
    "architecture_gate": "mixed",
    "architecture_direction": 51.911,
    "architecture_energy": 55.833,
    "architecture_maturity": 25.655,
    "architecture_confidence": 61.036,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating upward.",
        "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair."
      },
      "scores": {
        "balance": 19.44,
        "rotation_up": 63.75,
        "upward_expansion": 57.76,
        "deceleration": 26.51,
        "rotation_down": 21.2,
        "downward_expansion": 18.42
      },
      "activity_lines": [
        3.426,
        3.329091,
        3.165014,
        3.093976
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 3.71,
    "trend_reference": 3.102822,
    "distance_from_trend": 0.195686,
    "trend_direction": "Weakening",
    "fair_value": 4.367309,
    "distance_from_fair_value": -0.150507,
    "fair_value_direction": "Improving",
    "relative_strength": -0.166844,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.0428,
    "excess_performance": -0.144654,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.195686,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.016915,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.150507,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.22346,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.001668,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.245347,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.0428,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 4.04965,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 791938,
      "relative_activity": 0.69574,
      "balance": 4.04965,
      "dry_up": 0.462426,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.082891,
      "annualized_volatility": 0.439118,
      "from_high_reference": -0.066667,
      "from_low_reference": 0.481887
    },
    "levels": {
      "trend_reference": 3.102822,
      "fair_value_reference": 4.367309,
      "structural_low": 2.503565,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 2,
        "median_return": -0.170562,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.117723,
        "regime_survival": 0.5,
        "best_return": 0.104167,
        "worst_return": -0.445291,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 1,
        "median_return": -0.655093,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.590011,
        "regime_survival": 0.0,
        "best_return": -0.655093,
        "worst_return": -0.655093,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 1,
        "median_return": -0.554814,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.508107,
        "regime_survival": 0.0,
        "best_return": -0.554814,
        "worst_return": -0.554814,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": -0.662171,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.854669,
        "regime_survival": 0.0,
        "best_return": -0.662171,
        "worst_return": -0.662171,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-07-26",
        "end": "2024-08-09",
        "tenure": "New",
        "return": -0.251228,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-08-16",
        "end": "2024-12-06",
        "tenure": "Established",
        "return": 0.057814,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-12-13",
        "end": "2025-02-14",
        "tenure": "Developing",
        "return": -0.035785,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-02-21",
        "end": "2025-02-28",
        "tenure": "New",
        "return": -0.031579,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-03-07",
        "end": "2025-03-14",
        "tenure": "New",
        "return": -0.088036,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-03-21",
        "end": "2025-04-04",
        "tenure": "New",
        "return": -0.071979,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-11",
        "end": "2025-07-11",
        "tenure": "Established",
        "return": 0.066537,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-07-18",
        "end": "2025-09-19",
        "tenure": "Developing",
        "return": 0.038667,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-09-26",
        "end": "2025-10-03",
        "tenure": "New",
        "return": -0.055096,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-10-10",
        "end": "2026-01-30",
        "tenure": "Established",
        "return": 0.202268,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-02-06",
        "end": "2026-02-13",
        "tenure": "New",
        "return": -0.071823,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-02-20",
        "end": "2026-03-06",
        "tenure": "New",
        "return": -0.110119,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2026-07-03",
        "tenure": "Established",
        "return": 0.15867,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2026-08-07",
        "tenure": "Developing",
        "return": 0.104167,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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      },
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      },
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        "date": "2026-06-05",
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        "date": "2026-06-12",
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        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "fair_value": 4.488061,
        "relative_strength": -11.494834,
        "stage": 1,
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        "gate": "mixed",
        "direction": 30.842038,
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      },
      {
        "date": "2026-07-17",
        "close": 3.43,
        "volume": 490275,
        "typical_volume": 1282598.25,
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        "fair_value": 4.45965,
        "relative_strength": -5.283822,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 44.408071,
        "energy": 51.283854,
        "activity_lines": [
          3.3,
          3.191488,
          3.038696,
          3.037232
        ]
      },
      {
        "date": "2026-07-24",
        "close": 3.26,
        "volume": 440566,
        "typical_volume": 1228622.55,
        "trend": 3.100492,
        "fair_value": 4.428303,
        "relative_strength": -7.845502,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 32.975013,
        "energy": 46.576133,
        "activity_lines": [
          3.304667,
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          3.06989,
          3.04739
        ]
      },
      {
        "date": "2026-07-31",
        "close": 3.21,
        "volume": 382675,
        "typical_volume": 1168542.15,
        "trend": 3.097419,
        "fair_value": 4.397946,
        "relative_strength": -9.459781,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 30.207266,
        "energy": 39.554384,
        "activity_lines": [
          3.284,
          3.231545,
          3.094792,
          3.054455
        ]
      },
      {
        "date": "2026-08-07",
        "close": 3.71,
        "volume": 791938,
        "typical_volume": 1138266.4,
        "trend": 3.102822,
        "fair_value": 4.367309,
        "relative_strength": -0.166844,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 51.910975,
        "energy": 55.833469,
        "activity_lines": [
          3.426,
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          3.165014,
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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."
    }
  }
}