{ "ticker": { "uuid": "e85338fd-31c7-4713-b480-81b77f17d4f3", "symbol": "NNN", "name": "NNN REIT, 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": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 59.76, "architecture_energy": 49.304, "architecture_maturity": 34.273, "architecture_confidence": 73.473, "architecture_tenure": "Established", "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": 16.63, "rotation_up": 59.26, "upward_expansion": 77.62, "deceleration": 59.12, "rotation_down": 16.9, "downward_expansion": 6.62 }, "activity_lines": [ 47.638826, 47.288385, 46.243713, 45.474732 ], "activity_state": "Moderate", "activity_direction": "Stable", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 46.84, "trend_reference": 44.465077, "distance_from_trend": 0.053411, "trend_direction": "Improving", "fair_value": 39.413197, "distance_from_fair_value": 0.188434, "fair_value_direction": "Improving", "relative_strength": -1.861824, "relative_strength_direction": "Improving", "price_momentum": 0.106544, "excess_performance": -0.019081, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.053411, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.059521, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.188434, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.037661, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.018618, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.021427, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.106544, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.125688, "read": "Demand-led" } ], "volume": { "latest": 7139508, "relative_activity": 0.867785, "balance": 1.125688, "dry_up": 0.882385, "accumulation_observations": 5, "distribution_observations": 1 }, "risk": { "range_context": 0.039528, "annualized_volatility": 0.187972, "from_high_reference": -0.050977, "from_low_reference": 0.238187 }, "levels": { "trend_reference": 44.465077, "fair_value_reference": 39.413197, "structural_low": 41.067306, 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"typical_volume": 8118382.05, "trend": 43.24461, "fair_value": 39.097101, "relative_strength": -0.992647, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.854325, "energy": 50.153722, "activity_lines": [ 46.378369, 45.872476, 44.990533, 44.374236 ] }, { "date": "2026-07-17", "close": 48.951325, "volume": 8699248, "typical_volume": 8223878.2, "trend": 43.58746, "fair_value": 39.169839, "relative_strength": 6.597037, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.944493, "energy": 72.039669, "activity_lines": [ 47.259868, 46.516642, 45.422062, 44.742411 ] }, { "date": "2026-07-24", "close": 48.74403, "volume": 6158098, "typical_volume": 8190997.45, "trend": 43.931504, "fair_value": 39.247287, "relative_strength": 6.708792, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.707083, "energy": 75.654815, "activity_lines": [ 47.914848, 47.039639, 45.81364, 45.075093 ] }, { "date": "2026-07-31", "close": 47.52, "volume": 7041640, "typical_volume": 8210978.1, "trend": 44.234098, "fair_value": 39.33061, "relative_strength": 2.961109, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.475853, "energy": 60.298005, "activity_lines": [ 47.912216, 47.248739, 46.068482, 45.306609 ] }, { "date": "2026-08-07", "close": 46.84, "volume": 7139508, "typical_volume": 8227272.85, "trend": 44.465077, "fair_value": 39.413197, "relative_strength": -1.861824, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.759824, "energy": 49.304155, "activity_lines": [ 47.638826, 47.288385, 46.243713, 45.474732 ] } ], "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." } } }