{ "ticker": { "uuid": "38751b54-8ad1-4053-a278-227749069a30", "symbol": "FBIZ", "name": "First Business Financial Services", "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": 84.714, "architecture_energy": 92.447, "architecture_maturity": 48.997, "architecture_confidence": 81.265, "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": 0.0, "rotation_up": 85.99, "upward_expansion": 99.65, "deceleration": 39.13, "rotation_down": 9.13, "downward_expansion": 21.65 }, "activity_lines": [ 68.872, 66.500182, 62.896912, 60.781849 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 71.12, "trend_reference": 58.657291, "distance_from_trend": 0.212466, "trend_direction": "Improving", "fair_value": 44.99096, "distance_from_fair_value": 0.580762, "fair_value_direction": "Improving", "relative_strength": 12.170576, "relative_strength_direction": "Improving", "price_momentum": 0.202435, "excess_performance": 0.014981, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.212466, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.06795, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.580762, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.237467, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.121706, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.217738, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.202435, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 5.089043, "read": "Demand-led" } ], "volume": { "latest": 347655, "relative_activity": 1.423963, "balance": 5.089043, "dry_up": 1.546284, "accumulation_observations": 5, "distribution_observations": 0 }, "risk": { "range_context": 0.045474, "annualized_volatility": 0.235727, "from_high_reference": -0.032118, "from_low_reference": 0.571192 }, "levels": { "trend_reference": 58.657291, "fair_value_reference": 44.99096, "structural_low": 50.445786, "invalidation": "A 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"direction": 76.448563, "energy": 79.496032, "activity_lines": [ 62.325333, 60.279292, 58.272358, 57.43904 ] }, { "date": "2026-07-10", "close": 63.7, "volume": 243509, "typical_volume": 203693.65, "trend": 56.796394, "fair_value": 44.031169, "relative_strength": 1.271167, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.226478, "energy": 79.602809, "activity_lines": [ 63.108667, 61.171091, 58.928383, 57.899773 ] }, { "date": "2026-07-17", "close": 65.7, "volume": 344258, "typical_volume": 213278.05, "trend": 57.113334, "fair_value": 44.261312, "relative_strength": 8.967615, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.21613, "energy": 83.600537, "activity_lines": [ 64.187333, 62.290182, 59.745424, 58.474199 ] }, { "date": "2026-07-24", "close": 67.18, "volume": 432135, "typical_volume": 228218.55, "trend": 57.526385, "fair_value": 44.488748, "relative_strength": 12.876988, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.99076, "energy": 87.30494, "activity_lines": [ 65.420667, 63.512727, 60.649238, 59.123661 ] }, { "date": "2026-07-31", "close": 70.21, "volume": 386029, "typical_volume": 240007.7, "trend": 58.101707, "fair_value": 44.735919, "relative_strength": 16.830622, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.534524, "energy": 93.164381, "activity_lines": [ 67.208, 65.043091, 61.773912, 59.941959 ] }, { "date": "2026-08-07", "close": 71.12, "volume": 347655, "typical_volume": 244146.15, "trend": 58.657291, "fair_value": 44.99096, "relative_strength": 12.170576, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.71365, "energy": 92.446556, "activity_lines": [ 68.872, 66.500182, 62.896912, 60.781849 ] } ], "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." } } }