{
  "ticker": {
    "uuid": "740060f2-19ba-493c-a596-5f221b99e572",
    "symbol": "PBHC",
    "name": "Pathfinder Bancorp Inc",
    "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": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "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": 63.012,
    "architecture_energy": 44.751,
    "architecture_maturity": 54.011,
    "architecture_confidence": 64.158,
    "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": 12.29,
        "rotation_up": 53.08,
        "upward_expansion": 79.46,
        "deceleration": 67.91,
        "rotation_down": 22.7,
        "downward_expansion": 6.13
      },
      "activity_lines": [
        16.285971,
        16.179248,
        15.417205,
        14.872475
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 16.5,
    "trend_reference": 14.302177,
    "distance_from_trend": 0.15367,
    "trend_direction": "Improving",
    "fair_value": 14.138069,
    "distance_from_fair_value": 0.167062,
    "fair_value_direction": "Improving",
    "relative_strength": 0.408365,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.281541,
    "excess_performance": 0.094088,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.15367,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.043668,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.167062,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.162893,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.004084,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.187475,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.281541,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.764988,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 21048,
      "relative_activity": 0.491099,
      "balance": 0.764988,
      "dry_up": 1.23553,
      "accumulation_observations": 3,
      "distribution_observations": 5
    },
    "risk": {
      "range_context": 0.076244,
      "annualized_volatility": 0.271624,
      "from_high_reference": -0.045938,
      "from_low_reference": 0.378619
    },
    "levels": {
      "trend_reference": 14.302177,
      "fair_value_reference": 14.138069,
      "structural_low": 12.49,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 21,
        "median_return": 0.0,
        "positive_rate": 0.47619,
        "directional_follow_through": 0.47619,
        "median_excess_return": -0.001054,
        "regime_survival": 0.809524,
        "best_return": 0.213921,
        "worst_return": -0.075078,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
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        "median_excess_return": 0.019033,
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        "worst_return": -0.141764,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.06087,
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        "directional_follow_through": 0.75,
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        "regime_survival": 0.25,
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        "worst_return": -0.189578,
        "sufficient": false
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      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "worst_return": -0.333785,
        "sufficient": false
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        "regime": "deceleration",
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        "close": 13.4,
        "volume": 3381,
        "typical_volume": 11288.55,
        "trend": 13.862519,
        "fair_value": 13.905765,
        "relative_strength": -17.420321,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -32.457798,
        "energy": 18.34044,
        "activity_lines": [
          13.362445,
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          13.345591,
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        ]
      },
      {
        "date": "2026-05-01",
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        "typical_volume": 11290.65,
        "trend": 13.838072,
        "fair_value": 13.917189,
        "relative_strength": -12.963266,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
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        "direction": 8.927194,
        "energy": 20.309412,
        "activity_lines": [
          13.707986,
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          13.414457,
          13.566867
        ]
      },
      {
        "date": "2026-05-08",
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        "volume": 34081,
        "typical_volume": 11904.7,
        "trend": 13.810834,
        "fair_value": 13.931919,
        "relative_strength": -18.339169,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "mixed",
        "direction": 21.084236,
        "energy": 28.407336,
        "activity_lines": [
          13.860642,
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      },
      {
        "date": "2026-05-15",
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        "volume": 18701,
        "typical_volume": 12458.9,
        "trend": 13.765624,
        "fair_value": 13.943918,
        "relative_strength": -20.405186,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 13.846206,
        "energy": 20.119765,
        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 12458.3,
        "trend": 13.740653,
        "fair_value": 13.955881,
        "relative_strength": -18.315869,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 18.069363,
        "energy": 22.976091,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 14632.85,
        "trend": 13.703757,
        "fair_value": 13.964963,
        "relative_strength": -21.113953,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 12.06764,
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        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 15393.0,
        "trend": 13.671047,
        "fair_value": 13.975873,
        "relative_strength": -15.818184,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
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        "energy": 11.161252,
        "activity_lines": [
          13.786333,
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      },
      {
        "date": "2026-06-12",
        "close": 15.356307,
        "volume": 89120,
        "typical_volume": 19727.25,
        "trend": 13.694948,
        "fair_value": 13.994389,
        "relative_strength": -8.301077,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
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        "energy": 52.460116,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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        "trend": 13.785612,
        "fair_value": 14.020295,
        "relative_strength": -2.119559,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "energy": 86.195189,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
        "close": 16.300546,
        "volume": 128332,
        "typical_volume": 27324.1,
        "trend": 13.868918,
        "fair_value": 14.041311,
        "relative_strength": -0.066502,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 80.813718,
        "energy": 87.722668,
        "activity_lines": [
          15.738162,
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          14.287947,
          14.041641
        ]
      },
      {
        "date": "2026-07-03",
        "close": 16.052062,
        "volume": 44305,
        "typical_volume": 28636.0,
        "trend": 13.940328,
        "fair_value": 14.060675,
        "relative_strength": -2.104666,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.72943,
        "energy": 83.748549,
        "activity_lines": [
          16.02288,
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          14.496523,
          14.182489
        ]
      },
      {
        "date": "2026-07-10",
        "close": 15.902971,
        "volume": 147967,
        "typical_volume": 35922.85,
        "trend": 13.981136,
        "fair_value": 14.079143,
        "relative_strength": -4.370775,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.363818,
        "energy": 80.46309,
        "activity_lines": [
          16.101096,
          15.458352,
          14.67875,
          14.309112
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      },
      {
        "date": "2026-07-17",
        "close": 16.39,
        "volume": 124727,
        "typical_volume": 41878.4,
        "trend": 14.062496,
        "fair_value": 14.098207,
        "relative_strength": 3.106883,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.376849,
        "energy": 56.600494,
        "activity_lines": [
          16.205791,
          15.723359,
          14.894503,
          14.464522
        ]
      },
      {
        "date": "2026-07-24",
        "close": 15.9022,
        "volume": 45107,
        "typical_volume": 43359.7,
        "trend": 14.142711,
        "fair_value": 14.105449,
        "relative_strength": 1.89884,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.120711,
        "energy": 46.517335,
        "activity_lines": [
          16.078972,
          15.85604,
          15.047817,
          14.583213
        ]
      },
      {
        "date": "2026-07-31",
        "close": 16.35,
        "volume": 20932,
        "typical_volume": 42900.9,
        "trend": 14.223723,
        "fair_value": 14.120623,
        "relative_strength": 4.389116,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.340091,
        "energy": 45.978598,
        "activity_lines": [
          16.15912,
          16.02628,
          15.232153,
          14.725618
        ]
      },
      {
        "date": "2026-08-07",
        "close": 16.5,
        "volume": 21048,
        "typical_volume": 42858.95,
        "trend": 14.302177,
        "fair_value": 14.138069,
        "relative_strength": 0.408365,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.011918,
        "energy": 44.751203,
        "activity_lines": [
          16.285971,
          16.179248,
          15.417205,
          14.872475
        ]
      }
    ],
    "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."
    }
  }
}