{
  "ticker": {
    "uuid": "9a04871b-01f8-4e17-a7a5-6451dc9b4d18",
    "symbol": "NTB",
    "name": "Bank of N.T. Butterfield & Son Ltd",
    "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": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 76.505,
    "architecture_energy": 65.297,
    "architecture_maturity": 52.326,
    "architecture_confidence": 87.216,
    "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": 1.9,
        "rotation_up": 70.23,
        "upward_expansion": 88.82,
        "deceleration": 54.94,
        "rotation_down": 20.52,
        "downward_expansion": 10.82
      },
      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 1.0
    },
    "latest_close": 62.32,
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    "distance_from_trend": 0.128356,
    "trend_direction": "Improving",
    "fair_value": 38.674977,
    "distance_from_fair_value": 0.611378,
    "fair_value_direction": "Improving",
    "relative_strength": 9.65093,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.196414,
    "excess_performance": 0.070789,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.128356,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.081792,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.611378,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.051395,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.096509,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.030268,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.196414,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.61645,
        "read": "Demand-led"
      }
    ],
    "volume": {
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      "relative_activity": 1.016631,
      "balance": 2.61645,
      "dry_up": 0.936908,
      "accumulation_observations": 6,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.033074,
      "annualized_volatility": 0.138844,
      "from_high_reference": -0.003518,
      "from_low_reference": 0.581577
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    "levels": {
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      "fair_value_reference": 38.674977,
      "structural_low": 48.242811,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 33,
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        "directional_follow_through": 0.484848,
        "median_excess_return": -0.010749,
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        "sufficient": true
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        "horizon": "Intermediate",
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      },
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      },
      {
        "date": "2026-07-03",
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      },
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        "fair_value": 37.785891,
        "relative_strength": 10.357073,
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 890051.95,
        "trend": 54.003079,
        "fair_value": 38.008402,
        "relative_strength": 13.497276,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
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      },
      {
        "date": "2026-07-24",
        "close": 60.99,
        "volume": 669266,
        "typical_volume": 880737.45,
        "trend": 54.383519,
        "fair_value": 38.220332,
        "relative_strength": 13.01383,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.06788,
        "energy": 66.881623,
        "activity_lines": [
          60.758,
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      },
      {
        "date": "2026-07-31",
        "close": 61.29,
        "volume": 1087215,
        "typical_volume": 886734.9,
        "trend": 54.800781,
        "fair_value": 38.441777,
        "relative_strength": 11.977884,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.455266,
        "energy": 62.478351,
        "activity_lines": [
          61.002,
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          56.952214
        ]
      },
      {
        "date": "2026-08-07",
        "close": 62.32,
        "volume": 891969,
        "typical_volume": 877377.05,
        "trend": 55.230788,
        "fair_value": 38.674977,
        "relative_strength": 9.65093,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 76.505193,
        "energy": 65.297154,
        "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."
    }
  }
}