{ "ticker": { "uuid": "10a9cf29-522c-4fe4-8ca0-21f669b894ae", "symbol": "TOPT", "name": "ISHARES TOP 20 U.S. STOCKS 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": 59.33, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 66.13, "architecture_energy": 37.81, "architecture_maturity": 35.997, "architecture_confidence": 48.043, "architecture_tenure": "Developing", "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": 34.81, "rotation_up": 42.21, "upward_expansion": 68.46, "deceleration": 70.08, "rotation_down": 25.0, "downward_expansion": 8.8 }, "activity_lines": [ 33.201333, 33.019559, 32.928811, 32.294932 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 34.06, "trend_reference": 31.565809, "distance_from_trend": 0.079016, "trend_direction": "Improving", "fair_value": 28.620018, "distance_from_fair_value": 0.190076, "fair_value_direction": "Weakening", "relative_strength": -2.176092, "relative_strength_direction": "Weakening", "price_momentum": 0.113871, "excess_performance": -0.011754, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.079016, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.020618, "read": "Rising" }, { "label": "Price 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"direction": 52.72145, "energy": 31.60669, "activity_lines": [ 32.899024, 33.068516, 32.467801, 31.86845 ] }, { "date": "2026-07-17", "close": 32.93, "volume": 1910933, "typical_volume": 1964914.05, "trend": 31.380149, "fair_value": 28.472766, "relative_strength": -1.750774, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.490237, "energy": 25.342754, "activity_lines": [ 32.933333, 33.010566, 32.593067, 31.97236 ] }, { "date": "2026-07-24", "close": 32.53, "volume": 1517880, "typical_volume": 1839262.35, "trend": 31.412613, "fair_value": 28.516866, "relative_strength": -2.344793, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.057089, "energy": 26.971859, "activity_lines": [ 32.822667, 32.889063, 32.665998, 32.046544 ] }, { "date": "2026-07-31", "close": 32.67, "volume": 1691185, "typical_volume": 1766918.35, "trend": 31.467375, "fair_value": 28.561523, "relative_strength": -2.933773, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.15196, "energy": 24.708457, "activity_lines": [ 32.808, 32.818362, 32.73907, 32.127666 ] }, { "date": "2026-08-07", "close": 34.06, "volume": 1385113, "typical_volume": 1712808.35, "trend": 31.565809, "fair_value": 28.620018, "relative_strength": -2.176092, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 66.130235, "energy": 37.809528, "activity_lines": [ 33.201333, 33.019559, 32.928811, 32.294932 ] } ], "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." } } }