{
  "ticker": {
    "uuid": "ff6c55a6-5917-41bf-8241-46b76630d3db",
    "symbol": "AROW",
    "name": "Arrow Financial 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": "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": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 44.294,
    "architecture_energy": 31.356,
    "architecture_maturity": 83.907,
    "architecture_confidence": 55.683,
    "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": 31.3,
        "rotation_up": 38.82,
        "upward_expansion": 65.63,
        "deceleration": 65.28,
        "rotation_down": 25.65,
        "downward_expansion": 15.63
      },
      "activity_lines": [
        39.895333,
        40.125636,
        39.022194,
        37.830682
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 39.4,
    "trend_reference": 36.323782,
    "distance_from_trend": 0.084689,
    "trend_direction": "Improving",
    "fair_value": 27.059472,
    "distance_from_fair_value": 0.456052,
    "fair_value_direction": "Weakening",
    "relative_strength": 4.493418,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.111524,
    "excess_performance": -0.075929,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.084689,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.094121,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.456052,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.003118,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.044934,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.012283,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.111524,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.332091,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 298675,
      "relative_activity": 0.693512,
      "balance": 1.332091,
      "dry_up": 0.955678,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.061893,
      "annualized_volatility": 0.242603,
      "from_high_reference": -0.077283,
      "from_low_reference": 0.562991
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    "levels": {
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      "fair_value_reference": 27.059472,
      "structural_low": 31.119657,
      "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": 25,
        "median_return": 0.003317,
        "positive_rate": 0.52,
        "directional_follow_through": 0.52,
        "median_excess_return": -0.013664,
        "regime_survival": 0.72,
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        "worst_return": -0.176036,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "worst_return": -0.190058,
        "sufficient": true
      },
      {
        "horizon": "Extended",
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        "horizon": "Full cycle",
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      },
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        "date": "2026-04-24",
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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        "relative_strength": 13.392458,
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      },
      {
        "date": "2026-07-10",
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        "fair_value": 26.478668,
        "relative_strength": 9.155862,
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      },
      {
        "date": "2026-07-17",
        "close": 41.56,
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        "typical_volume": 453836.15,
        "trend": 35.48441,
        "fair_value": 26.628432,
        "relative_strength": 15.992267,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 73.469568,
        "energy": 73.878241,
        "activity_lines": [
          40.998,
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          38.326234,
          37.097292
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      },
      {
        "date": "2026-07-24",
        "close": 39.45,
        "volume": 489139,
        "typical_volume": 443784.65,
        "trend": 35.767961,
        "fair_value": 26.770215,
        "relative_strength": 11.399223,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.70862,
        "energy": 50.694284,
        "activity_lines": [
          40.594667,
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      },
      {
        "date": "2026-07-31",
        "close": 39.84,
        "volume": 383234,
        "typical_volume": 437435.2,
        "trend": 36.070085,
        "fair_value": 26.913399,
        "relative_strength": 11.380125,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 58.116437,
        "energy": 41.960204,
        "activity_lines": [
          40.278,
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          38.839948,
          37.615848
        ]
      },
      {
        "date": "2026-08-07",
        "close": 39.4,
        "volume": 298675,
        "typical_volume": 430670.4,
        "trend": 36.323782,
        "fair_value": 27.059472,
        "relative_strength": 4.493418,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 44.294214,
        "energy": 31.355911,
        "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."
    }
  }
}