{ "ticker": { "uuid": "d036f5aa-6111-4eb6-88b5-d0109defbbaa", "symbol": "FHN", "name": "First Horizon Corporation", "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": 65.736, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 54.838, "architecture_energy": 37.43, "architecture_maturity": 50.2, "architecture_confidence": 57.894, "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": 22.95, "rotation_up": 45.86, "upward_expansion": 75.88, "deceleration": 68.71, "rotation_down": 23.39, "downward_expansion": 4.88 }, "activity_lines": [ 25.586, 25.528504, 25.039552, 24.607185 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 25.46, "trend_reference": 24.227066, "distance_from_trend": 0.050891, "trend_direction": "Improving", "fair_value": 18.23473, "distance_from_fair_value": 0.396237, "fair_value_direction": "Weakening", "relative_strength": -2.562249, "relative_strength_direction": "Weakening", "price_momentum": -0.015151, "excess_performance": -0.140776, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.050891, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.037857, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.396237, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.03735, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.025622, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.007937, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.015151, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.453085, "read": "Demand-led" } ], "volume": { "latest": 27618310, "relative_activity": 1.186739, "balance": 1.453085, "dry_up": 1.396744, "accumulation_observations": 2, "distribution_observations": 4 }, "risk": { "range_context": 0.04299, "annualized_volatility": 0.213701, "from_high_reference": -0.036701, "from_low_reference": 0.312966 }, "levels": { "trend_reference": 24.227066, "fair_value_reference": 18.23473, "structural_low": 21.097337, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 38, "median_return": 0.005412, "positive_rate": 0.552632, "directional_follow_through": 0.552632, "median_excess_return": -0.001615, "regime_survival": 0.789474, "best_return": 0.335964, "worst_return": -0.130822, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 14, "median_return": 0.016667, "positive_rate": 0.571429, "directional_follow_through": 0.571429, "median_excess_return": -0.010409, "regime_survival": 0.642857, "best_return": 0.286528, "worst_return": -0.557774, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": 0.072645, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.010258, "regime_survival": 0.625, "best_return": 0.438891, "worst_return": -0.475585, "sufficient": true }, { "horizon": 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"fair_value": 18.063135, "relative_strength": 2.270306, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.604838, "energy": 58.030312, "activity_lines": [ 25.667333, 25.37209, 24.795552, 24.426711 ] }, { "date": "2026-07-31", "close": 25.64, "volume": 26591881, "typical_volume": 23631123.5, "trend": 24.182301, "fair_value": 18.15003, "relative_strength": 1.564848, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.778709, "energy": 43.788155, "activity_lines": [ 25.658667, 25.480958, 24.935757, 24.524752 ] }, { "date": "2026-08-07", "close": 25.46, "volume": 27618310, "typical_volume": 23272442.45, "trend": 24.227066, "fair_value": 18.23473, "relative_strength": -2.562249, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.838462, "energy": 37.430277, "activity_lines": [ 25.586, 25.528504, 25.039552, 24.607185 ] } ], "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." } } }