{
  "ticker": {
    "uuid": "e647f62d-b7fe-4fbe-bc58-e613db4461ea",
    "symbol": "IBCP",
    "name": "Independent Bank Corporation",
    "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": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 69.864,
    "architecture_energy": 67.749,
    "architecture_maturity": 19.576,
    "architecture_confidence": 77.82,
    "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": 5.74,
        "rotation_up": 74.41,
        "upward_expansion": 92.26,
        "deceleration": 40.16,
        "rotation_down": 11.79,
        "downward_expansion": 14.26
      },
      "activity_lines": [
        37.461512,
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        35.676375,
        35.158483
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 38.03,
    "trend_reference": 34.740306,
    "distance_from_trend": 0.094694,
    "trend_direction": "Improving",
    "fair_value": 29.103423,
    "distance_from_fair_value": 0.306719,
    "fair_value_direction": "Improving",
    "relative_strength": -0.155524,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.047877,
    "excess_performance": -0.139577,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.094694,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.039955,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.306719,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.051911,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.001555,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.10724,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.047877,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.737103,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1028252,
      "relative_activity": 1.155171,
      "balance": 2.737103,
      "dry_up": 1.293152,
      "accumulation_observations": 5,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.054622,
      "annualized_volatility": 0.212802,
      "from_high_reference": -0.02898,
      "from_low_reference": 0.299121
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    "levels": {
      "trend_reference": 34.740306,
      "fair_value_reference": 29.103423,
      "structural_low": 31.483193,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 23,
        "median_return": 0.000812,
        "positive_rate": 0.521739,
        "directional_follow_through": 0.521739,
        "median_excess_return": 0.008923,
        "regime_survival": 0.695652,
        "best_return": 0.131664,
        "worst_return": -0.108006,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
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        "directional_follow_through": 0.5,
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        "regime_survival": 0.375,
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        "worst_return": -0.167397,
        "sufficient": true
      },
      {
        "horizon": "Extended",
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        "directional_follow_through": 0.5,
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        "regime_survival": 0.333333,
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        "worst_return": -0.217155,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
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        "worst_return": -0.103639,
        "sufficient": false
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    ],
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      {
        "regime": "balance",
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      {
        "regime": "deceleration",
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      {
        "regime": "rotation_down",
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        "active": false
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        "regime": "downward_expansion",
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        "active": false
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      },
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        "stage": 2,
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      },
      {
        "date": "2026-07-17",
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        "trend": 34.187841,
        "fair_value": 28.737281,
        "relative_strength": -1.244259,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 59.794959,
        "energy": 49.714253,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-07-24",
        "close": 37.387736,
        "volume": 1195131,
        "typical_volume": 909686.45,
        "trend": 34.347751,
        "fair_value": 28.857425,
        "relative_strength": 3.841204,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 68.605902,
        "energy": 54.828633,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-07-31",
        "close": 37.923832,
        "volume": 1085303,
        "typical_volume": 925388.5,
        "trend": 34.556035,
        "fair_value": 28.978566,
        "relative_strength": 4.663517,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 71.791038,
        "energy": 61.948312,
        "activity_lines": [
          36.975405,
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 38.03,
        "volume": 1028252,
        "typical_volume": 890129.6,
        "trend": 34.740306,
        "fair_value": 29.103423,
        "relative_strength": -0.155524,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 69.864416,
        "energy": 67.748711,
        "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."
    }
  }
}