{
  "ticker": {
    "uuid": "17e23488-d980-477e-89ed-1a8b1aa24b06",
    "symbol": "HFWA",
    "name": "Heritage Financial Corporation",
    "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": 58.34,
    "architecture_energy": 42.797,
    "architecture_maturity": 46.989,
    "architecture_confidence": 74.228,
    "architecture_tenure": "Established",
    "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": 14.23,
        "rotation_up": 54.28,
        "upward_expansion": 78.75,
        "deceleration": 62.13,
        "rotation_down": 21.06,
        "downward_expansion": 5.42
      },
      "activity_lines": [
        29.658843,
        29.482832,
        28.678225,
        28.030549
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 29.5,
    "trend_reference": 27.313066,
    "distance_from_trend": 0.080069,
    "trend_direction": "Improving",
    "fair_value": 21.632208,
    "distance_from_fair_value": 0.363707,
    "fair_value_direction": "Improving",
    "relative_strength": 1.131876,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.055616,
    "excess_performance": -0.131837,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.080069,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.076397,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.363707,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.022235,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.011319,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.062056,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.055616,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.061811,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 2045399,
      "relative_activity": 1.328355,
      "balance": 1.061811,
      "dry_up": 1.576013,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.055566,
      "annualized_volatility": 0.234087,
      "from_high_reference": -0.048136,
      "from_low_reference": 0.409064
    },
    "levels": {
      "trend_reference": 27.313066,
      "fair_value_reference": 21.632208,
      "structural_low": 24.218332,
      "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": 0.007226,
        "positive_rate": 0.565217,
        "directional_follow_through": 0.565217,
        "median_excess_return": -0.000888,
        "regime_survival": 0.695652,
        "best_return": 0.149698,
        "worst_return": -0.11392,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 9,
        "median_return": 0.015124,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.056104,
        "regime_survival": 0.333333,
        "best_return": 0.262823,
        "worst_return": -0.109428,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.036924,
        "positive_rate": 0.8,
        "directional_follow_through": 0.8,
        "median_excess_return": 0.033038,
        "regime_survival": 0.4,
        "best_return": 0.208574,
        "worst_return": -0.114515,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.091463,
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        "directional_follow_through": 0.666667,
        "median_excess_return": 0.006478,
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        "best_return": 0.358149,
        "worst_return": -0.037558,
        "sufficient": false
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        "regime": "deceleration",
        "label": "Deceleration",
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        "regime": "rotation_down",
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      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "regime": "balance",
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      {
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      },
      {
        "date": "2026-07-17",
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        ]
      },
      {
        "date": "2026-07-24",
        "close": 29.910826,
        "volume": 3221666,
        "typical_volume": 1573065.15,
        "trend": 26.91253,
        "fair_value": 21.469243,
        "relative_strength": 8.714209,
        "stage": 2,
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        "modifier": "Established expansion",
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        "direction": 64.96416,
        "energy": 61.01102,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 29.484379,
        "volume": 2282693,
        "typical_volume": 1615872.15,
        "trend": 27.119575,
        "fair_value": 21.549078,
        "relative_strength": 6.359565,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.047905,
        "energy": 46.421884,
        "activity_lines": [
          29.711817,
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 29.5,
        "volume": 2045399,
        "typical_volume": 1539798.55,
        "trend": 27.313066,
        "fair_value": 21.632208,
        "relative_strength": 1.131876,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 58.339844,
        "energy": 42.796517,
        "activity_lines": [
          29.658843,
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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."
    }
  }
}