{
  "ticker": {
    "uuid": "f2bcc7a5-3911-4af0-98c7-4eb58ef7b1df",
    "symbol": "LAMR",
    "name": "Lamar Advertising Company",
    "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": 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": 68.254,
    "architecture_energy": 59.537,
    "architecture_maturity": 73.386,
    "architecture_confidence": 90.687,
    "architecture_tenure": "Extended",
    "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": 1.9,
        "rotation_up": 64.79,
        "upward_expansion": 88.02,
        "deceleration": 49.42,
        "rotation_down": 22.47,
        "downward_expansion": 10.02
      },
      "activity_lines": [
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        148.220337
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": 1.0
    },
    "latest_close": 160.93,
    "trend_reference": 141.517591,
    "distance_from_trend": 0.137173,
    "trend_direction": "Improving",
    "fair_value": 113.705427,
    "distance_from_fair_value": 0.415324,
    "fair_value_direction": "Weakening",
    "relative_strength": 6.472122,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.235322,
    "excess_performance": 0.047868,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.137173,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.080631,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.415324,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.036425,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.064721,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.00668,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.235322,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.474897,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 4645623,
      "relative_activity": 1.50932,
      "balance": 1.474897,
      "dry_up": 1.100838,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.045074,
      "annualized_volatility": 0.272704,
      "from_high_reference": -0.032466,
      "from_low_reference": 0.486855
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    "levels": {
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      "fair_value_reference": 113.705427,
      "structural_low": 121.027504,
      "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": 34,
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        "positive_rate": 0.558824,
        "directional_follow_through": 0.558824,
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        "worst_return": -0.059106,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "worst_return": -0.04113,
        "sufficient": true
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        "horizon": "Extended",
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        "horizon": "Full cycle",
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        "regime": "rotation_down",
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      },
      {
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 2939617.4,
        "trend": 139.08474,
        "fair_value": 112.640131,
        "relative_strength": 12.041691,
        "stage": 2,
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        "energy": 57.234454,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 159.96,
        "volume": 4173719,
        "typical_volume": 3015400.7,
        "trend": 140.371209,
        "fair_value": 113.171356,
        "relative_strength": 11.532723,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.074949,
        "energy": 54.09951,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 160.93,
        "volume": 4645623,
        "typical_volume": 3077957.25,
        "trend": 141.517591,
        "fair_value": 113.705427,
        "relative_strength": 6.472122,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
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        "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."
    }
  }
}