{
  "ticker": {
    "uuid": "9e03d7d9-bc23-4ea0-adce-4e61dced4f9d",
    "symbol": "JMSB",
    "name": "John Marshall 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": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 70.075,
    "architecture_energy": 58.362,
    "architecture_maturity": 41.186,
    "architecture_confidence": 78.649,
    "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": 11.01,
        "rotation_up": 67.94,
        "upward_expansion": 86.06,
        "deceleration": 46.77,
        "rotation_down": 14.14,
        "downward_expansion": 10.39
      },
      "activity_lines": [
        22.778208,
        22.388232,
        21.886417,
        21.443935
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 23.32,
    "trend_reference": 20.918123,
    "distance_from_trend": 0.114823,
    "trend_direction": "Improving",
    "fair_value": 18.935617,
    "distance_from_fair_value": 0.231542,
    "fair_value_direction": "Improving",
    "relative_strength": 0.002795,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.126672,
    "excess_performance": -0.060782,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.114823,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.034588,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.231542,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.104995,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 2.8e-05,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.097026,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.126672,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.606965,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 148256,
      "relative_activity": 0.736491,
      "balance": 3.606965,
      "dry_up": 0.876586,
      "accumulation_observations": 2,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.056003,
      "annualized_volatility": 0.140544,
      "from_high_reference": -0.034703,
      "from_low_reference": 0.271617
    },
    "levels": {
      "trend_reference": 20.918123,
      "fair_value_reference": 18.935617,
      "structural_low": 18.937264,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 31,
        "median_return": -0.006007,
        "positive_rate": 0.451613,
        "directional_follow_through": 0.451613,
        "median_excess_return": -0.013148,
        "regime_survival": 0.741935,
        "best_return": 0.169668,
        "worst_return": -0.231105,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 12,
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        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
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        "regime_survival": 0.5,
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        "worst_return": -0.260376,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
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        "directional_follow_through": 0.571429,
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        "regime_survival": 0.428571,
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        "worst_return": -0.268828,
        "sufficient": true
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      {
        "horizon": "Full cycle",
        "sample_count": 4,
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        "worst_return": -0.358071,
        "sufficient": false
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        "date": "2026-06-05",
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 205789.4,
        "trend": 20.601485,
        "fair_value": 18.856485,
        "relative_strength": -1.573237,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 57.964565,
        "energy": 37.831617,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
        "close": 22.24641,
        "volume": 187558,
        "typical_volume": 208814.7,
        "trend": 20.667633,
        "fair_value": 18.879786,
        "relative_strength": 0.808569,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 57.811152,
        "energy": 36.794533,
        "activity_lines": [
          22.065342,
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          21.499372,
          21.123351
        ]
      },
      {
        "date": "2026-07-31",
        "close": 23.102807,
        "volume": 181300,
        "typical_volume": 202294.95,
        "trend": 20.786119,
        "fair_value": 18.906358,
        "relative_strength": 4.086608,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.341203,
        "energy": 45.164695,
        "activity_lines": [
          22.422336,
          22.129539,
          21.691095,
          21.280459
        ]
      },
      {
        "date": "2026-08-07",
        "close": 23.32,
        "volume": 148256,
        "typical_volume": 201300.45,
        "trend": 20.918123,
        "fair_value": 18.935617,
        "relative_strength": 0.002795,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.07519,
        "energy": 58.361615,
        "activity_lines": [
          22.778208,
          22.388232,
          21.886417,
          21.443935
        ]
      }
    ],
    "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."
    }
  }
}