{
  "ticker": {
    "uuid": "fca42dd9-69a8-484a-89ff-f579024143c5",
    "symbol": "MEC",
    "name": "Mayville Engineering Co 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": "2c",
    "phase_label": "Stage 2C \u00b7 Late advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 65.092,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 3.202,
    "architecture_energy": 20.834,
    "architecture_maturity": 60.789,
    "architecture_confidence": 85.727,
    "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": 57.84,
        "rotation_up": 12.82,
        "upward_expansion": 52.53,
        "deceleration": 94.0,
        "rotation_down": 44.34,
        "downward_expansion": 23.2
      },
      "activity_lines": [
        27.334,
        30.198364,
        29.483143,
        27.339763
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.333333
    },
    "latest_close": 24.18,
    "trend_reference": 24.733,
    "distance_from_trend": -0.022359,
    "trend_direction": "Improving",
    "fair_value": 17.039744,
    "distance_from_fair_value": 0.419035,
    "fair_value_direction": "Weakening",
    "relative_strength": 4.15001,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.116859,
    "excess_performance": -0.008766,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.022359,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.244198,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.419035,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.331582,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.0415,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.368152,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.116859,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.190393,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 4652376,
      "relative_activity": 2.077358,
      "balance": 1.190393,
      "dry_up": 1.494323,
      "accumulation_observations": 5,
      "distribution_observations": 5
    },
    "risk": {
      "range_context": 0.182959,
      "annualized_volatility": 0.632551,
      "from_high_reference": -0.376161,
      "from_low_reference": 0.973878
    },
    "levels": {
      "trend_reference": 24.733,
      "fair_value_reference": 17.039744,
      "structural_low": 16.5,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 8,
        "median_return": 0.03311,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.030058,
        "regime_survival": 0.5,
        "best_return": 0.263221,
        "worst_return": -0.132043,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": 0.070614,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.01825,
        "regime_survival": 0.0,
        "best_return": 1.144231,
        "worst_return": 0.010814,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": -0.165653,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.261212,
        "regime_survival": 0.0,
        "best_return": 0.40818,
        "worst_return": -0.374502,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.014094,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.257936,
        "regime_survival": 0.333333,
        "best_return": 0.078267,
        "worst_return": -0.593625,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-02-02",
        "end": "2024-03-29",
        "tenure": "Developing",
        "return": 0.149158,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-04-05",
        "end": "2024-11-29",
        "tenure": "Extended",
        "return": 0.228134,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-12-06",
        "end": "2025-01-03",
        "tenure": "Developing",
        "return": -0.097433,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-10",
        "end": "2025-05-30",
        "tenure": "Established",
        "return": 0.073569,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-06-06",
        "end": "2025-07-18",
        "tenure": "Developing",
        "return": 0.02,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-25",
        "end": "2025-08-08",
        "tenure": "New",
        "return": -0.150311,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-08-15",
        "end": "2025-10-03",
        "tenure": "Developing",
        "return": -0.051211,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-10-10",
        "end": "2025-10-24",
        "tenure": "New",
        "return": 0.274691,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-10-31",
        "end": "2025-11-14",
        "tenure": "New",
        "return": -0.099888,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-11-21",
        "end": "2025-12-05",
        "tenure": "New",
        "return": 0.057015,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-12-12",
        "end": "2026-03-13",
        "tenure": "Established",
        "return": -0.104726,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-03-20",
        "end": "2026-04-24",
        "tenure": "Developing",
        "return": 0.319712,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-05-01",
        "end": "2026-07-24",
        "tenure": "Established",
        "return": 0.36196,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-07-31",
        "end": "2026-08-07",
        "tenure": "New",
        "return": -0.058044,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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        "typical_volume": 634032.0,
        "trend": 13.168667,
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      },
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        "date": "2023-08-25",
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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": 1884845.25,
        "trend": 23.944,
        "fair_value": 16.759808,
        "relative_strength": 41.514797,
        "stage": 2,
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        "modifier": "Re-accelerating",
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        "direction": 60.532987,
        "energy": 51.220599,
        "activity_lines": [
          33.320667,
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      },
      {
        "date": "2026-07-24",
        "close": 30.29,
        "volume": 2539822,
        "typical_volume": 1921579.4,
        "trend": 24.316667,
        "fair_value": 16.876667,
        "relative_strength": 38.054755,
        "stage": 2,
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        "modifier": "Re-accelerating",
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        "direction": 44.123437,
        "energy": 33.028333,
        "activity_lines": [
          32.026,
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      },
      {
        "date": "2026-07-31",
        "close": 25.67,
        "volume": 3387660,
        "typical_volume": 2045635.45,
        "trend": 24.540667,
        "fair_value": 16.963526,
        "relative_strength": 15.155528,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 22.973286,
        "energy": 21.963436,
        "activity_lines": [
          29.550667,
          31.664,
          29.745048,
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 24.18,
        "volume": 4652376,
        "typical_volume": 2239563.85,
        "trend": 24.733,
        "fair_value": 17.039744,
        "relative_strength": 4.15001,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 3.20207,
        "energy": 20.833613,
        "activity_lines": [
          27.334,
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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."
    }
  }
}