{ "ticker": { "uuid": "1371bc1d-1b96-41b0-81f6-f68b4a0caf05", "symbol": "BTX", "name": "BlackRock Technology and Private Equity Term Trust", "exchange": "NYSE", "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": "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": 24.888, "architecture_energy": 19.093, "architecture_maturity": 73.582, "architecture_confidence": 92.413, "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": 54.3, "rotation_up": 23.18, "upward_expansion": 48.37, "deceleration": 85.09, "rotation_down": 29.72, "downward_expansion": 24.03 }, "activity_lines": [ 8.287743, 8.425732, 8.43878, 8.0696 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 8.58, "trend_reference": 7.567311, "distance_from_trend": 0.133824, "trend_direction": "Improving", "fair_value": 6.306313, "distance_from_fair_value": 0.360541, "fair_value_direction": "Improving", "relative_strength": 8.586493, "relative_strength_direction": "Weakening", "price_momentum": 0.35695, "excess_performance": 0.231325, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.133824, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.105662, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.360541, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.030531, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.085865, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.00701, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.35695, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.31001, "read": "Demand-led" } ], "volume": { "latest": 2122412, "relative_activity": 0.602828, "balance": 1.31001, "dry_up": 0.931046, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.077336, "annualized_volatility": 0.273819, "from_high_reference": -0.084923, "from_low_reference": 0.472666 }, "levels": { "trend_reference": 7.567311, "fair_value_reference": 6.306313, "structural_low": 5.965502, "invalidation": "A sustained loss 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"upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.035394, "energy": 42.960584, "activity_lines": [ 8.716033, 8.777259, 8.323508, 7.864256 ] }, { "date": "2026-07-17", "close": 8.01, "volume": 5491085, "typical_volume": 3620255.5, "trend": 7.384581, "fair_value": 6.259244, "relative_strength": 5.587895, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.503859, "energy": 25.207801, "activity_lines": [ 8.44979, 8.645604, 8.346004, 7.908096 ] }, { "date": "2026-07-24", "close": 8.2, "volume": 2274899, "typical_volume": 3567277.9, "trend": 7.443681, "fair_value": 6.273884, "relative_strength": 8.634686, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.302847, "energy": 25.0471, "activity_lines": [ 8.307792, 8.549317, 8.378898, 7.960704 ] }, { "date": "2026-07-31", "close": 8.05, "volume": 3223550, "typical_volume": 3563563.25, "trend": 7.498418, "fair_value": 6.287841, "relative_strength": 5.511405, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.951486, "energy": 22.942002, "activity_lines": [ 8.187917, 8.431977, 8.388211, 7.999821 ] }, { "date": "2026-08-07", "close": 8.58, "volume": 2122412, "typical_volume": 3520756.15, "trend": 7.567311, "fair_value": 6.306313, "relative_strength": 8.586493, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.888164, "energy": 19.092669, "activity_lines": [ 8.287743, 8.425732, 8.43878, 8.0696 ] } ], "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." } } }