{ "ticker": { "uuid": "88412a8d-563b-4a4a-a034-9fdced6044ec", "symbol": "NBHC", "name": "National Bank Holdings Corporation", "exchange": "NYSE", "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": "SPY", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 59.765, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 39.07, "architecture_energy": 22.898, "architecture_maturity": 67.113, "architecture_confidence": 72.586, "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": 36.92, "rotation_up": 35.2, "upward_expansion": 63.89, "deceleration": 84.92, "rotation_down": 25.04, "downward_expansion": 13.89 }, "activity_lines": [ 43.544, 43.902545, 43.291274, 42.518229 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 42.62, "trend_reference": 41.646389, "distance_from_trend": 0.023378, "trend_direction": "Improving", "fair_value": 37.159188, "distance_from_fair_value": 0.146957, "fair_value_direction": "Weakening", "relative_strength": -4.470106, "relative_strength_direction": "Weakening", "price_momentum": 0.036879, "excess_performance": -0.088746, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.023378, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.05325, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.146957, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.034361, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.044701, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.036696, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.036879, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.799763, "read": "Supply-led" } ], "volume": { "latest": 1876712, "relative_activity": 0.989292, "balance": 0.799763, "dry_up": 1.193822, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.052331, "annualized_volatility": 0.229911, "from_high_reference": -0.098562, "from_low_reference": 0.245019 }, "levels": { "trend_reference": 41.646389, "fair_value_reference": 37.159188, "structural_low": 37.145834, 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64.050963, "energy": 66.548598, "activity_lines": [ 44.321333, 43.545414, 42.528404, 41.831548 ] }, { "date": "2026-07-17", "close": 46.49, "volume": 1569527, "typical_volume": 2181322.65, "trend": 41.174169, "fair_value": 36.937671, "relative_strength": 8.339563, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.789316, "energy": 77.656495, "activity_lines": [ 45.108, 44.190764, 43.003211, 42.19047 ] }, { "date": "2026-07-24", "close": 43.33, "volume": 3617106, "typical_volume": 2227982.05, "trend": 41.344849, "fair_value": 37.014847, "relative_strength": 1.631051, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.121505, "energy": 44.564839, "activity_lines": [ 44.658, 44.189471, 43.144667, 42.329556 ] }, { "date": "2026-07-31", "close": 43.19, "volume": 1995499, "typical_volume": 2162728.55, "trend": 41.540726, "fair_value": 37.087499, "relative_strength": 0.171107, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.859748, "energy": 35.444178, "activity_lines": [ 44.127333, 44.111273, 43.256149, 42.448598 ] }, { "date": "2026-08-07", "close": 42.62, "volume": 1876712, "typical_volume": 1897025.85, "trend": 41.646389, "fair_value": 37.159188, "relative_strength": -4.470106, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.070267, "energy": 22.897848, "activity_lines": [ 43.544, 43.902545, 43.291274, 42.518229 ] } ], "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." } } }