{ "ticker": { "uuid": "03f77069-fe21-4bad-ba4d-7be2005caada", "symbol": "VEGN", "name": "US VEGAN CLIMATE ETF", "exchange": "CBOE", "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": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 45.661, "architecture_energy": 29.715, "architecture_maturity": 70.497, "architecture_confidence": 89.545, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 30.07, "rotation_up": 30.18, "upward_expansion": 60.64, "deceleration": 88.3, "rotation_down": 27.8, "downward_expansion": 21.97 }, "activity_lines": [ 76.32546, 77.066845, 75.473317, 72.065807 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 77.7499, "trend_reference": 67.980189, "distance_from_trend": 0.143714, "trend_direction": "Improving", "fair_value": 53.227012, "distance_from_fair_value": 0.460723, "fair_value_direction": "Improving", "relative_strength": 8.229601, "relative_strength_direction": "Weakening", "price_momentum": 0.282579, "excess_performance": 0.156954, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.143714, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.09205, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.460723, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.01631, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.082296, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.011302, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.282579, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.820817, "read": "Supply-led" } ], "volume": { "latest": 27139, "relative_activity": 1.009356, "balance": 0.820817, "dry_up": 1.110286, "accumulation_observations": 3, "distribution_observations": 4 }, "risk": { "range_context": 0.050326, "annualized_volatility": 0.228142, "from_high_reference": -0.055918, "from_low_reference": 0.424734 }, "levels": { "trend_reference": 67.980189, "fair_value_reference": 53.227012, "structural_low": 54.571519, "invalidation": "A 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"upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.166406, "energy": 41.823903, "activity_lines": [ 76.710933, 77.432692, 74.370317, 70.881117 ] }, { "date": "2026-07-31", "close": 75.05, "volume": 28158, "typical_volume": 27223.2, "trend": 67.454024, "fair_value": 52.973026, "relative_strength": 8.407374, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.954659, "energy": 32.26491, "activity_lines": [ 75.94972, 77.015785, 74.833695, 71.401556 ] }, { "date": "2026-08-07", "close": 77.7499, "volume": 27139, "typical_volume": 26887.45, "trend": 67.980189, "fair_value": 53.227012, "relative_strength": 8.229601, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.661453, "energy": 29.715158, "activity_lines": [ 76.32546, 77.066845, 75.473317, 72.065807 ] } ], "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." } } }