{
  "ticker": {
    "uuid": "1068de9d-de94-489c-a4f9-39f22cd1d8e8",
    "symbol": "WTBA",
    "name": "West Bancorporation",
    "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": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 78.003,
    "architecture_energy": 73.785,
    "architecture_maturity": 26.267,
    "architecture_confidence": 82.294,
    "architecture_tenure": "Developing",
    "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": 5.24,
        "rotation_up": 75.15,
        "upward_expansion": 90.58,
        "deceleration": 44.89,
        "rotation_down": 12.52,
        "downward_expansion": 14.92
      },
      "activity_lines": [
        27.60395,
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        25.881692,
        25.299948
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 28.43,
    "trend_reference": 24.650075,
    "distance_from_trend": 0.153343,
    "trend_direction": "Improving",
    "fair_value": 19.418492,
    "distance_from_fair_value": 0.464068,
    "fair_value_direction": "Improving",
    "relative_strength": 8.854404,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.10261,
    "excess_performance": -0.084844,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.153343,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.06558,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.464068,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.170291,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.088544,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.137262,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.10261,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.511355,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 361957,
      "relative_activity": 1.364565,
      "balance": 2.511355,
      "dry_up": 1.092666,
      "accumulation_observations": 5,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.051539,
      "annualized_volatility": 0.22419,
      "from_high_reference": -0.003768,
      "from_low_reference": 0.666214
    },
    "levels": {
      "trend_reference": 24.650075,
      "fair_value_reference": 19.418492,
      "structural_low": 22.098364,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 23,
        "median_return": 0.007986,
        "positive_rate": 0.608696,
        "directional_follow_through": 0.608696,
        "median_excess_return": 0.009861,
        "regime_survival": 0.695652,
        "best_return": 0.153056,
        "worst_return": -0.117533,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 9,
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        "positive_rate": 0.555556,
        "directional_follow_through": 0.555556,
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        "regime_survival": 0.444444,
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        "worst_return": -0.279716,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
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        "worst_return": -0.225221,
        "sufficient": true
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      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "worst_return": -0.146944,
        "sufficient": false
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        "regime": "balance",
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        "date": "2026-04-24",
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        "date": "2026-05-08",
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      },
      {
        "date": "2026-07-03",
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      },
      {
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      },
      {
        "date": "2026-07-17",
        "close": 26.793579,
        "volume": 287190,
        "typical_volume": 252923.15,
        "trend": 24.047587,
        "fair_value": 19.212579,
        "relative_strength": 8.174489,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 68.816557,
        "energy": 73.953939,
        "activity_lines": [
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          24.981955,
          24.618723
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      },
      {
        "date": "2026-07-24",
        "close": 27.021483,
        "volume": 272756,
        "typical_volume": 255375.2,
        "trend": 24.211982,
        "fair_value": 19.273119,
        "relative_strength": 10.39814,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.779227,
        "energy": 64.313189,
        "activity_lines": [
          26.745226,
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          25.231113,
          24.810587
        ]
      },
      {
        "date": "2026-07-31",
        "close": 27.794374,
        "volume": 237435,
        "typical_volume": 259217.65,
        "trend": 24.427295,
        "fair_value": 19.34391,
        "relative_strength": 12.373516,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 74.364056,
        "energy": 61.606264,
        "activity_lines": [
          27.096129,
          26.573917,
          25.537977,
          25.041709
        ]
      },
      {
        "date": "2026-08-07",
        "close": 28.43,
        "volume": 361957,
        "typical_volume": 265254.5,
        "trend": 24.650075,
        "fair_value": 19.418492,
        "relative_strength": 8.854404,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 78.003356,
        "energy": 73.784648,
        "activity_lines": [
          27.60395,
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          25.299948
        ]
      }
    ],
    "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."
    }
  }
}