{
  "ticker": {
    "uuid": "ff5fd5b4-0829-4323-9ae6-1b8fa4a40ded",
    "symbol": "CARG",
    "name": "CarGurus",
    "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": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 95.79,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 75.025,
    "architecture_energy": 59.095,
    "architecture_maturity": 17.212,
    "architecture_confidence": 66.556,
    "architecture_tenure": "New",
    "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": 31.58,
        "rotation_up": 73.17,
        "upward_expansion": 85.58,
        "deceleration": 46.0,
        "rotation_down": 9.78,
        "downward_expansion": 9.91
      },
      "activity_lines": [
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        33.437976,
        33.168226
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 38.985,
    "trend_reference": 32.756333,
    "distance_from_trend": 0.190152,
    "trend_direction": "Weakening",
    "fair_value": 29.609808,
    "distance_from_fair_value": 0.316625,
    "fair_value_direction": "Improving",
    "relative_strength": -0.578549,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.362635,
    "excess_performance": 0.175182,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.190152,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.034558,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.316625,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.10438,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.005785,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.148884,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.362635,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.150211,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 6010956,
      "relative_activity": 0.982089,
      "balance": 1.150211,
      "dry_up": 0.882889,
      "accumulation_observations": 4,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.096755,
      "annualized_volatility": 0.530327,
      "from_high_reference": -0.054219,
      "from_low_reference": 0.477264
    },
    "levels": {
      "trend_reference": 32.756333,
      "fair_value_reference": 29.609808,
      "structural_low": 26.39,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
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    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 29,
        "median_return": 0.01151,
        "positive_rate": 0.517241,
        "directional_follow_through": 0.517241,
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        "regime_survival": 0.689655,
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        "worst_return": -0.340334,
        "sufficient": true
      },
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        "horizon": "Intermediate",
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        "horizon": "Full cycle",
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      },
      {
        "date": "2026-05-01",
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      },
      {
        "date": "2026-05-08",
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      },
      {
        "date": "2026-05-15",
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        "regime": "rotation_up",
        "modifier": "Emerging rotation",
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      },
      {
        "date": "2026-05-22",
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      },
      {
        "date": "2026-05-29",
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      },
      {
        "date": "2026-06-05",
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      },
      {
        "date": "2026-06-12",
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      },
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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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        "typical_volume": 6765890.35,
        "trend": 33.238833,
        "fair_value": 29.141955,
        "relative_strength": -7.426932,
        "stage": 3,
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        "modifier": "Early contraction",
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        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 6624643.7,
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        "fair_value": 29.21125,
        "relative_strength": -13.78983,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "mixed",
        "direction": 5.66185,
        "energy": 21.626013,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 35.0,
        "volume": 6423428,
        "typical_volume": 6443304.75,
        "trend": 32.974167,
        "fair_value": 29.289968,
        "relative_strength": -7.598514,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 12.236243,
        "energy": 27.45125,
        "activity_lines": [
          34.434667,
          32.347818,
          32.499952,
          32.518495
        ]
      },
      {
        "date": "2026-07-24",
        "close": 33.37,
        "volume": 4684854,
        "typical_volume": 6292123.5,
        "trend": 32.7985,
        "fair_value": 29.361571,
        "relative_strength": -10.135878,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 26.88861,
        "energy": 29.51636,
        "activity_lines": [
          34.326667,
          32.781818,
          32.550881,
          32.544032
        ]
      },
      {
        "date": "2026-07-31",
        "close": 36.24,
        "volume": 4495937,
        "typical_volume": 6270182.55,
        "trend": 32.7515,
        "fair_value": 29.477917,
        "relative_strength": -2.766162,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 64.053102,
        "energy": 49.444158,
        "activity_lines": [
          34.952,
          33.652182,
          32.876524,
          32.766065
        ]
      },
      {
        "date": "2026-08-07",
        "close": 38.985,
        "volume": 6010956,
        "typical_volume": 6120583.7,
        "trend": 32.756333,
        "fair_value": 29.609808,
        "relative_strength": -0.578549,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 75.025201,
        "energy": 59.094632,
        "activity_lines": [
          36.278333,
          34.876182,
          33.437976,
          33.168226
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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."
    }
  }
}