{
  "ticker": {
    "uuid": "53f402a8-d37a-499f-a03e-23ef4cae50a4",
    "symbol": "VLYPO",
    "name": "Valley National Bancorp B Pref",
    "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": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 59.278,
    "architecture_energy": 45.457,
    "architecture_maturity": 35.518,
    "architecture_confidence": 68.7,
    "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": 16.28,
        "rotation_up": 59.62,
        "upward_expansion": 79.11,
        "deceleration": 61.02,
        "rotation_down": 17.34,
        "downward_expansion": 5.78
      },
      "activity_lines": [
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        24.603035
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 24.73,
    "trend_reference": 24.465436,
    "distance_from_trend": 0.010814,
    "trend_direction": "Improving",
    "fair_value": 21.77806,
    "distance_from_fair_value": 0.135547,
    "fair_value_direction": "Weakening",
    "relative_strength": -10.535698,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.019999,
    "excess_performance": -0.167455,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.010814,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.011845,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.135547,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.020041,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.105357,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.037338,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.019999,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.645482,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 56072,
      "relative_activity": 1.647812,
      "balance": 1.645482,
      "dry_up": 1.198971,
      "accumulation_observations": 3,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.01123,
      "annualized_volatility": 0.043385,
      "from_high_reference": -0.014458,
      "from_low_reference": 0.079141
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    "levels": {
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      "fair_value_reference": 21.77806,
      "structural_low": 23.639498,
      "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": 37,
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        "positive_rate": 0.702703,
        "directional_follow_through": 0.702703,
        "median_excess_return": -0.01872,
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        "worst_return": -0.073439,
        "sufficient": true
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        "sufficient": true
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        "date": "2026-04-24",
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      {
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      },
      {
        "date": "2026-07-17",
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        "fair_value": 21.652385,
        "relative_strength": -6.700547,
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      },
      {
        "date": "2026-07-24",
        "close": 24.94,
        "volume": 36254,
        "typical_volume": 34235.4,
        "trend": 24.422804,
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        "relative_strength": -5.239388,
        "stage": 3,
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      },
      {
        "date": "2026-07-31",
        "close": 25.02,
        "volume": 31806,
        "typical_volume": 33744.1,
        "trend": 24.452162,
        "fair_value": 21.736649,
        "relative_strength": -5.178579,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.28002,
        "energy": 72.310874,
        "activity_lines": [
          24.954333,
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          24.701427,
          24.58511
        ]
      },
      {
        "date": "2026-08-07",
        "close": 24.73,
        "volume": 56072,
        "typical_volume": 34028.15,
        "trend": 24.465436,
        "fair_value": 21.77806,
        "relative_strength": -10.535698,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.277924,
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        "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."
    }
  }
}