{
  "ticker": {
    "uuid": "a2825c26-85af-4107-9ca5-88b106c826af",
    "symbol": "BFC",
    "name": "Bank First National Corp",
    "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": 63.339,
    "architecture_energy": 48.119,
    "architecture_maturity": 38.403,
    "architecture_confidence": 81.321,
    "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": 20.07,
        "rotation_up": 59.58,
        "upward_expansion": 80.71,
        "deceleration": 52.71,
        "rotation_down": 16.51,
        "downward_expansion": 7.38
      },
      "activity_lines": [
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 153.42,
    "trend_reference": 142.050565,
    "distance_from_trend": 0.080038,
    "trend_direction": "Improving",
    "fair_value": 104.066595,
    "distance_from_fair_value": 0.474248,
    "fair_value_direction": "Weakening",
    "relative_strength": -0.471914,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.016426,
    "excess_performance": -0.171028,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.080038,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.054522,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.474248,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.011564,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.004719,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.042837,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.016426,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.816979,
        "read": "Demand-led"
      }
    ],
    "volume": {
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      "relative_activity": 0.818717,
      "balance": 1.816979,
      "dry_up": 1.096243,
      "accumulation_observations": 5,
      "distribution_observations": 1
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    "risk": {
      "range_context": 0.051933,
      "annualized_volatility": 0.200459,
      "from_high_reference": -0.025595,
      "from_low_reference": 0.339824
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    "levels": {
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      "fair_value_reference": 104.066595,
      "structural_low": 129.481611,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 33,
        "median_return": 0.005709,
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        "directional_follow_through": 0.515152,
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        "worst_return": -0.170006,
        "sufficient": true
      },
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        "horizon": "Intermediate",
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        "sufficient": true
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        "horizon": "Extended",
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        "sufficient": true
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        "horizon": "Full cycle",
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        "regime": "balance",
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      },
      {
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      },
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 475738.9,
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 483984.55,
        "trend": 139.922598,
        "fair_value": 103.121088,
        "relative_strength": 3.576722,
        "stage": 2,
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        "modifier": "Established expansion",
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        "energy": 50.994084,
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      },
      {
        "date": "2026-07-31",
        "close": 152.74,
        "volume": 449351,
        "typical_volume": 470323.05,
        "trend": 141.008041,
        "fair_value": 103.579943,
        "relative_strength": 4.236631,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.31858,
        "energy": 44.005448,
        "activity_lines": [
          150.214,
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      },
      {
        "date": "2026-08-07",
        "close": 153.42,
        "volume": 370678,
        "typical_volume": 452754.85,
        "trend": 142.050565,
        "fair_value": 104.066595,
        "relative_strength": -0.471914,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
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        "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."
    }
  }
}