{ "ticker": { "uuid": "002412fd-8e2a-4e42-aac7-7164cd395067", "symbol": "KBE", "name": "STATE STREET SPDR S&P BANK ETF", "exchange": "NYSEARCA", "country": "US", "assetType": "etf" }, "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": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 68.582, "architecture_energy": 59.033, "architecture_maturity": 35.239, "architecture_confidence": 77.965, "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": 2.25, "rotation_up": 69.9, "upward_expansion": 87.52, "deceleration": 50.25, "rotation_down": 17.75, "downward_expansion": 9.52 }, "activity_lines": [ 69.717333, 69.0078, 66.968198, 65.505877 ], "activity_state": "Wide", "activity_direction": "Stable", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 69.97, "trend_reference": 64.164153, "distance_from_trend": 0.090484, "trend_direction": "Improving", "fair_value": 52.118799, "distance_from_fair_value": 0.34251, "fair_value_direction": "Improving", "relative_strength": 0.808079, "relative_strength_direction": "Improving", "price_momentum": 0.043936, "excess_performance": -0.081689, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.090484, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.045329, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.34251, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.054444, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.008081, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.04444, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.043936, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.902694, "read": "Demand-led" } ], "volume": { "latest": 8622425, "relative_activity": 0.903298, "balance": 1.902694, "dry_up": 0.735548, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.036324, "annualized_volatility": 0.198732, "from_high_reference": -0.024944, "from_low_reference": 0.296324 }, "levels": { "trend_reference": 64.164153, "fair_value_reference": 52.118799, "structural_low": 56.465828, "invalidation": "A 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80.671308, "activity_lines": [ 68.053353, 66.491624, 64.671934, 63.881995 ] }, { "date": "2026-07-17", "close": 70.24, "volume": 5337349, "typical_volume": 10675178.75, "trend": 63.383641, "fair_value": 51.523055, "relative_strength": 5.549801, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.724381, "energy": 85.885256, "activity_lines": [ 68.950818, 67.390877, 65.360137, 64.342365 ] }, { "date": "2026-07-24", "close": 69.36, "volume": 6842443, "typical_volume": 10217400.1, "trend": 63.633812, "fair_value": 51.718406, "relative_strength": 4.754959, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.601325, "energy": 77.731201, "activity_lines": [ 69.311333, 68.011421, 65.91911, 64.727937 ] }, { "date": "2026-07-31", "close": 69.65, "volume": 7282435, "typical_volume": 9819010.15, "trend": 63.928118, "fair_value": 51.915912, "relative_strength": 3.940662, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.154965, "energy": 70.732432, "activity_lines": [ 69.502, 68.539122, 66.457368, 65.116078 ] }, { "date": "2026-08-07", "close": 69.97, "volume": 8622425, "typical_volume": 9545489.1, "trend": 64.164153, "fair_value": 52.118799, "relative_strength": 0.808079, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.582464, "energy": 59.03259, "activity_lines": [ 69.717333, 69.0078, 66.968198, 65.505877 ] } ], "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." } } }