{
  "ticker": {
    "uuid": "8923ef68-43ba-4fe9-a0c8-6b92bd4b3b31",
    "symbol": "FHB",
    "name": "First Hawaiian 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": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 55.736,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 34.639,
    "architecture_energy": 23.442,
    "architecture_maturity": 59.237,
    "architecture_confidence": 73.868,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 38.59,
        "rotation_up": 26.09,
        "upward_expansion": 58.06,
        "deceleration": 88.29,
        "rotation_down": 30.76,
        "downward_expansion": 19.39
      },
      "activity_lines": [
        28.11,
        28.586727,
        28.103947,
        27.426376
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
    },
    "latest_close": 27.49,
    "trend_reference": 26.742323,
    "distance_from_trend": 0.027959,
    "trend_direction": "Improving",
    "fair_value": 22.680854,
    "distance_from_fair_value": 0.212036,
    "fair_value_direction": "Weakening",
    "relative_strength": -6.577858,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.029483,
    "excess_performance": -0.157971,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.027959,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.048405,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.212036,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.035047,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.065779,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.019749,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.029483,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.598615,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 8465755,
      "relative_activity": 0.893876,
      "balance": 0.598615,
      "dry_up": 1.566827,
      "accumulation_observations": 1,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.052454,
      "annualized_volatility": 0.219312,
      "from_high_reference": -0.101046,
      "from_low_reference": 0.251686
    },
    "levels": {
      "trend_reference": 26.742323,
      "fair_value_reference": 22.680854,
      "structural_low": 23.035099,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 9,
        "median_return": 0.02295,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.018442,
        "regime_survival": 0.555556,
        "best_return": 0.153356,
        "worst_return": -0.016365,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": 0.037907,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.045125,
        "regime_survival": 0.0,
        "best_return": 0.174106,
        "worst_return": -0.155689,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.08023,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.068115,
        "regime_survival": 0.0,
        "best_return": 0.126305,
        "worst_return": -0.157687,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.03282,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.138884,
        "regime_survival": 0.333333,
        "best_return": 0.354723,
        "worst_return": -0.244315,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-02-14",
        "end": "2025-03-07",
        "tenure": "New",
        "return": -0.049041,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-03-14",
        "end": "2025-03-28",
        "tenure": "New",
        "return": -0.015004,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-04-04",
        "end": "2025-04-18",
        "tenure": "New",
        "return": 0.045245,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-25",
        "end": "2025-05-30",
        "tenure": "Developing",
        "return": 0.056286,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-06",
        "end": "2025-07-04",
        "tenure": "Developing",
        "return": 0.094261,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-07-11",
        "end": "2025-08-01",
        "tenure": "New",
        "return": -0.082721,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-08-08",
        "end": "2025-08-29",
        "tenure": "New",
        "return": 0.096351,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-10-03",
        "tenure": "Developing",
        "return": -0.043529,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-10-10",
        "end": "2025-12-12",
        "tenure": "Developing",
        "return": 0.119588,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-12-19",
        "end": "2026-03-20",
        "tenure": "Established",
        "return": -0.084719,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-03-27",
        "end": "2026-04-10",
        "tenure": "New",
        "return": 0.086885,
        "active": false
      },
      {
        "regime": "balance",
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        "color": "blue",
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        "end": "2026-04-24",
        "tenure": "New",
        "return": -0.015287,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2026-07-31",
        "tenure": "Established",
        "return": 0.021526,
        "active": false
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      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.0,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2026-06-26",
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      },
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        "date": "2026-07-03",
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      },
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 8881190.1,
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        "fair_value": 22.493409,
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        "stage": 2,
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        "modifier": "Established expansion",
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        "direction": 65.460034,
        "energy": 73.436601,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
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        "volume": 14318096,
        "typical_volume": 9266366.55,
        "trend": 26.618385,
        "fair_value": 22.55365,
        "relative_strength": 0.805418,
        "stage": 2,
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        "modifier": "Established expansion",
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        "direction": 61.096327,
        "energy": 49.297042,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 27.79,
        "volume": 11542191,
        "typical_volume": 9472874.65,
        "trend": 26.705621,
        "fair_value": 22.61768,
        "relative_strength": -0.845847,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 44.745729,
        "energy": 32.133782,
        "activity_lines": [
          28.632667,
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          28.07928,
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 27.49,
        "volume": 8465755,
        "typical_volume": 9470836.6,
        "trend": 26.742323,
        "fair_value": 22.680854,
        "relative_strength": -6.577858,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 34.639172,
        "energy": 23.442286,
        "activity_lines": [
          28.11,
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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."
    }
  }
}