{
  "ticker": {
    "uuid": "ecc4c764-4140-42e3-9e42-366ef28f6e05",
    "symbol": "KNX",
    "name": "Knight Transportation 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": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 30.902,
    "architecture_energy": 20.558,
    "architecture_maturity": 67.237,
    "architecture_confidence": 94.02,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 44.8,
        "rotation_up": 22.56,
        "upward_expansion": 54.93,
        "deceleration": 90.96,
        "rotation_down": 30.53,
        "downward_expansion": 18.59
      },
      "activity_lines": [
        71.618,
        73.563014,
        72.668014,
        69.600883
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.166667
    },
    "latest_close": 70.02,
    "trend_reference": 65.66758,
    "distance_from_trend": 0.06628,
    "trend_direction": "Improving",
    "fair_value": 52.068863,
    "distance_from_fair_value": 0.344758,
    "fair_value_direction": "Improving",
    "relative_strength": 9.944843,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.170689,
    "excess_performance": 0.045064,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.06628,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.149159,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.344758,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.07715,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.099448,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.050888,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.170689,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.662181,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 15379372,
      "relative_activity": 0.797006,
      "balance": 1.662181,
      "dry_up": 1.11613,
      "accumulation_observations": 5,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.085877,
      "annualized_volatility": 0.34404,
      "from_high_reference": -0.15496,
      "from_low_reference": 0.830098
    },
    "levels": {
      "trend_reference": 65.66758,
      "fair_value_reference": 52.068863,
      "structural_low": 51.512352,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 15,
        "median_return": -0.02143,
        "positive_rate": 0.466667,
        "directional_follow_through": 0.466667,
        "median_excess_return": -0.011927,
        "regime_survival": 0.4,
        "best_return": 0.173717,
        "worst_return": -0.147764,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": 0.026916,
        "positive_rate": 0.571429,
        "directional_follow_through": 0.571429,
        "median_excess_return": -0.07079,
        "regime_survival": 0.0,
        "best_return": 0.382535,
        "worst_return": -0.184243,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": -0.10063,
        "positive_rate": 0.2,
        "directional_follow_through": 0.2,
        "median_excess_return": -0.139389,
        "regime_survival": 0.2,
        "best_return": 0.186297,
        "worst_return": -0.153286,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.019518,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.273824,
        "regime_survival": 0.0,
        "best_return": 0.074511,
        "worst_return": -0.198035,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "end": "2024-05-10",
        "tenure": "Developing",
        "return": -0.022549,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-05-17",
        "end": "2024-07-26",
        "tenure": "Developing",
        "return": 0.046297,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-08-02",
        "end": "2024-08-16",
        "tenure": "New",
        "return": 0.053617,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "tenure": "Developing",
        "return": -0.076809,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2024-11-08",
        "tenure": "Developing",
        "return": 0.170693,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-02-28",
        "tenure": "Developing",
        "return": -0.05878,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "tenure": "New",
        "return": -0.012524,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-03-21",
        "end": "2025-06-27",
        "tenure": "Established",
        "return": 0.01762,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "tenure": "Established",
        "return": -0.043925,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "active": false
      },
      {
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      },
      {
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      {
        "regime": "deceleration",
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        "return": -0.086854,
        "active": true
      }
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
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        "typical_volume": 19343497.7,
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        "fair_value": 51.987781,
        "relative_strength": 13.704571,
        "stage": 2,
        "regime": "deceleration",
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      },
      {
        "date": "2026-08-07",
        "close": 70.02,
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        "typical_volume": 19296434.35,
        "trend": 65.66758,
        "fair_value": 52.068863,
        "relative_strength": 9.944843,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
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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."
    }
  }
}