{
  "ticker": {
    "uuid": "06bc3777-d259-4d47-86a6-d52aab400e6f",
    "symbol": "BANX",
    "name": "Arrowmark Financial Corp",
    "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": 87.015,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Value reclamation",
    "architecture_gate": "up",
    "architecture_direction": 77.584,
    "architecture_energy": 76.365,
    "architecture_maturity": 10.134,
    "architecture_confidence": 65.647,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating upward.",
        "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair."
      },
      "scores": {
        "balance": 18.83,
        "rotation_up": 77.19,
        "upward_expansion": 92.26,
        "deceleration": 41.97,
        "rotation_down": 9.44,
        "downward_expansion": 16.59
      },
      "activity_lines": [
        20.191606,
        19.916839,
        19.682864,
        19.539
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 20.52,
    "trend_reference": 19.511792,
    "distance_from_trend": 0.051672,
    "trend_direction": "Weakening",
    "fair_value": 17.178648,
    "distance_from_fair_value": 0.194506,
    "fair_value_direction": "Improving",
    "relative_strength": -9.074795,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.011081,
    "excess_performance": -0.176372,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.051672,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.01109,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.194506,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.012708,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.090748,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.071683,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.011081,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.144779,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 167079,
      "relative_activity": 0.942659,
      "balance": 2.144779,
      "dry_up": 0.914178,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.02498,
      "annualized_volatility": 0.130143,
      "from_high_reference": -0.040945,
      "from_low_reference": 0.13822
    },
    "levels": {
      "trend_reference": 19.511792,
      "fair_value_reference": 17.178648,
      "structural_low": 18.028147,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 2,
        "median_return": -0.014714,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.043421,
        "regime_survival": 0.0,
        "best_return": 0.00321,
        "worst_return": -0.032638,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": 0.035128,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.104298,
        "regime_survival": 0.0,
        "best_return": 0.052787,
        "worst_return": 0.017468,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": 0.034406,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.268115,
        "regime_survival": 0.0,
        "best_return": 0.146671,
        "worst_return": -0.077859,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": 0.122063,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.345658,
        "regime_survival": 0.0,
        "best_return": 0.122063,
        "worst_return": 0.122063,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-03-14",
        "end": "2025-03-28",
        "tenure": "New",
        "return": 0.030018,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-04-04",
        "end": "2025-04-18",
        "tenure": "New",
        "return": 0.048705,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-04-25",
        "end": "2025-05-09",
        "tenure": "New",
        "return": 0.006556,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-16",
        "end": "2025-06-27",
        "tenure": "Developing",
        "return": 0.05182,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-04",
        "end": "2025-08-08",
        "tenure": "Developing",
        "return": -0.025322,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-08-15",
        "end": "2025-09-05",
        "tenure": "New",
        "return": 0.02426,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-09-12",
        "end": "2025-10-31",
        "tenure": "Developing",
        "return": 0.009564,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-11-07",
        "end": "2025-12-12",
        "tenure": "Developing",
        "return": 0.076335,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-12-19",
        "end": "2026-01-30",
        "tenure": "Developing",
        "return": -0.019115,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-02-06",
        "end": "2026-02-27",
        "tenure": "New",
        "return": -0.050072,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-03-06",
        "end": "2026-03-20",
        "tenure": "New",
        "return": 0.012169,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-03-27",
        "end": "2026-05-15",
        "tenure": "Developing",
        "return": 0.046652,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-05-22",
        "end": "2026-07-17",
        "tenure": "Developing",
        "return": 0.02035,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-07-24",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.044275,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
        "close": 11.980789,
        "volume": 45980,
        "typical_volume": 84344.7,
        "trend": 12.16444,
        "fair_value": 12.4936,
        "relative_strength": -14.900568,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
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        "activity_lines": [
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      },
      {
        "date": "2023-08-25",
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      },
      {
        "date": "2023-09-01",
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      {
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      },
      {
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      },
      {
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      },
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      },
      {
        "date": "2026-07-17",
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        "volume": 119762,
        "typical_volume": 188481.25,
        "trend": 19.597543,
        "fair_value": 17.020871,
        "relative_strength": -8.808958,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 34.537321,
        "energy": 40.141456,
        "activity_lines": [
          19.708934,
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      },
      {
        "date": "2026-07-24",
        "close": 19.65,
        "volume": 100117,
        "typical_volume": 177969.95,
        "trend": 19.555328,
        "fair_value": 17.070079,
        "relative_strength": -8.430553,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 25.641637,
        "energy": 42.081312,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 20.4,
        "volume": 261166,
        "typical_volume": 176007.25,
        "trend": 19.532359,
        "fair_value": 17.123863,
        "relative_strength": -5.226659,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 48.282707,
        "energy": 60.553835,
        "activity_lines": [
          19.978732,
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          19.57518,
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 20.52,
        "volume": 167079,
        "typical_volume": 177242.3,
        "trend": 19.511792,
        "fair_value": 17.178648,
        "relative_strength": -9.074795,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 77.583525,
        "energy": 76.365262,
        "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."
    }
  }
}