{
  "ticker": {
    "uuid": "dd8ff11e-3114-41c0-8cd2-ab7fb8a3554d",
    "symbol": "FNWB",
    "name": "First Northwest Bancorp",
    "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": "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": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 62.617,
    "architecture_energy": 57.323,
    "architecture_maturity": 20.274,
    "architecture_confidence": 74.278,
    "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": 10.82,
        "rotation_up": 67.11,
        "upward_expansion": 82.79,
        "deceleration": 53.45,
        "rotation_down": 13.74,
        "downward_expansion": 9.46
      },
      "activity_lines": [
        11.455333,
        11.258364,
        10.755,
        10.419892
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 10.95,
    "trend_reference": 10.153667,
    "distance_from_trend": 0.078428,
    "trend_direction": "Improving",
    "fair_value": 10.605508,
    "distance_from_fair_value": 0.032482,
    "fair_value_direction": "Improving",
    "relative_strength": 1.023718,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.05695,
    "excess_performance": -0.130504,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.078428,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.047634,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.032482,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.125455,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.010237,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.104391,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.05695,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.405154,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 99102,
      "relative_activity": 0.581591,
      "balance": 1.405154,
      "dry_up": 0.682368,
      "accumulation_observations": 1,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.070141,
      "annualized_volatility": 0.308082,
      "from_high_reference": -0.125399,
      "from_low_reference": 0.586957
    },
    "levels": {
      "trend_reference": 10.153667,
      "fair_value_reference": 10.605508,
      "structural_low": 8.44,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 22,
        "median_return": -0.026671,
        "positive_rate": 0.363636,
        "directional_follow_through": 0.363636,
        "median_excess_return": -0.008132,
        "regime_survival": 0.636364,
        "best_return": 0.138095,
        "worst_return": -0.299084,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 9,
        "median_return": -0.034636,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.030002,
        "regime_survival": 0.444444,
        "best_return": 0.286622,
        "worst_return": -0.401556,
        "sufficient": true
      },
      {
        "horizon": "Extended",
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        "median_return": -0.07298,
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        "directional_follow_through": 0.5,
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        "regime_survival": 0.333333,
        "best_return": 0.233217,
        "worst_return": -0.306711,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "directional_follow_through": 0.0,
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        "regime_survival": 0.333333,
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        "worst_return": -0.145024,
        "sufficient": false
      }
    ],
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        "start": "2024-05-10",
        "end": "2024-08-30",
        "tenure": "Established",
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        "active": false
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      {
        "regime": "balance",
        "label": "Balance",
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        "regime": "upward_expansion",
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      {
        "date": "2026-04-24",
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        "date": "2026-05-01",
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      },
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        "date": "2026-05-08",
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      },
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      },
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      },
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      },
      {
        "date": "2026-07-03",
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      },
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        "date": "2026-07-10",
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        "fair_value": 10.630314,
        "relative_strength": 3.122518,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
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      },
      {
        "date": "2026-07-17",
        "close": 12.17,
        "volume": 154176,
        "typical_volume": 181677.55,
        "trend": 9.968,
        "fair_value": 10.6298,
        "relative_strength": 18.004983,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 89.117287,
        "energy": 87.194844,
        "activity_lines": [
          11.302,
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          10.362762,
          10.14671
        ]
      },
      {
        "date": "2026-07-24",
        "close": 11.95,
        "volume": 105362,
        "typical_volume": 179787.55,
        "trend": 10.042333,
        "fair_value": 10.623605,
        "relative_strength": 17.179307,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 77.681253,
        "energy": 86.826382,
        "activity_lines": [
          11.625333,
          11.123091,
          10.553667,
          10.274581
        ]
      },
      {
        "date": "2026-07-31",
        "close": 11.46,
        "volume": 106457,
        "typical_volume": 177024.5,
        "trend": 10.115333,
        "fair_value": 10.615367,
        "relative_strength": 11.343207,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.008795,
        "energy": 78.900254,
        "activity_lines": [
          11.657333,
          11.254,
          10.684714,
          10.366043
        ]
      },
      {
        "date": "2026-08-07",
        "close": 10.95,
        "volume": 99102,
        "typical_volume": 170398.05,
        "trend": 10.153667,
        "fair_value": 10.605508,
        "relative_strength": 1.023718,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.61668,
        "energy": 57.323044,
        "activity_lines": [
          11.455333,
          11.258364,
          10.755,
          10.419892
        ]
      }
    ],
    "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."
    }
  }
}