{
  "ticker": {
    "uuid": "bad7e6e3-1628-4328-a03c-0ff1bf1996f9",
    "symbol": "GLKBN",
    "name": "Glarner Kantonalbank",
    "exchange": "EBS",
    "country": "CH",
    "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": "2026-08-21",
    "benchmark": "^SSMI",
    "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": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 69.192,
    "architecture_energy": 82.413,
    "architecture_maturity": 26.349,
    "architecture_confidence": 86.549,
    "architecture_tenure": "Developing",
    "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": 0.69,
        "rotation_up": 76.7,
        "upward_expansion": 98.04,
        "deceleration": 39.9,
        "rotation_down": 13.48,
        "downward_expansion": 20.04
      },
      "activity_lines": [
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        24.96,
        24.38541,
        24.005217
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 25.299999,
    "trend_reference": 23.439826,
    "distance_from_trend": 0.07936,
    "trend_direction": "Improving",
    "fair_value": 20.668441,
    "distance_from_fair_value": 0.224088,
    "fair_value_direction": "Improving",
    "relative_strength": 4.828622,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.146025,
    "excess_performance": 0.102935,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.07936,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.06593,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.224088,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.106047,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.048286,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.033265,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.146025,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.4279,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 20821,
      "relative_activity": 0.760232,
      "balance": 1.4279,
      "dry_up": 0.839483,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.023715,
      "annualized_volatility": 0.171682,
      "from_high_reference": -0.015564,
      "from_low_reference": 0.285784
    },
    "levels": {
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      "fair_value_reference": 20.668441,
      "structural_low": 21.788354,
      "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": 18,
        "median_return": 0.006075,
        "positive_rate": 0.555556,
        "directional_follow_through": 0.555556,
        "median_excess_return": -0.005682,
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        "worst_return": -0.026383,
        "sufficient": true
      },
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        "horizon": "Intermediate",
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        "worst_return": -0.055336,
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        "horizon": "Extended",
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        "horizon": "Full cycle",
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        "date": "2026-05-08",
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        "regime": "upward_expansion",
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        "date": "2026-05-15",
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      },
      {
        "date": "2026-05-22",
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        "relative_strength": 1.50217,
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        "regime": "deceleration",
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      },
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        "date": "2026-05-29",
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      },
      {
        "date": "2026-06-05",
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      },
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        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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      },
      {
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        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
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        "volume": 3478,
        "typical_volume": 31575.8,
        "trend": 22.637256,
        "fair_value": 20.528026,
        "relative_strength": 3.09687,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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      },
      {
        "date": "2026-07-24",
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        "volume": 39818,
        "typical_volume": 31292.7,
        "trend": 22.808701,
        "fair_value": 20.557148,
        "relative_strength": 6.084136,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 85.242376,
        "energy": 81.512168,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 25.200001,
        "volume": 33363,
        "typical_volume": 31234.3,
        "trend": 22.973615,
        "fair_value": 20.585629,
        "relative_strength": 5.489698,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 78.283935,
        "energy": 86.158344,
        "activity_lines": [
          24.866667,
          24.44,
          23.955169,
          23.590842
        ]
      },
      {
        "date": "2026-08-07",
        "close": 25.1,
        "volume": 11782,
        "typical_volume": 29494.0,
        "trend": 23.122396,
        "fair_value": 20.612351,
        "relative_strength": 3.631763,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 71.397846,
        "energy": 86.432144,
        "activity_lines": [
          25.026667,
          24.614545,
          24.09667,
          23.728028
        ]
      },
      {
        "date": "2026-08-14",
        "close": 25.4,
        "volume": 26000,
        "typical_volume": 28661.6,
        "trend": 23.281178,
        "fair_value": 20.639878,
        "relative_strength": 5.84832,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 75.973754,
        "energy": 88.675031,
        "activity_lines": [
          25.213333,
          24.814545,
          24.253259,
          23.87497
        ]
      },
      {
        "date": "2026-08-21",
        "close": 25.299999,
        "volume": 20821,
        "typical_volume": 27387.7,
        "trend": 23.439826,
        "fair_value": 20.668441,
        "relative_strength": 4.828622,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 69.192435,
        "energy": 82.413031,
        "activity_lines": [
          25.273333,
          24.96,
          24.38541,
          24.005217
        ]
      }
    ],
    "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."
    }
  }
}