{ "ticker": { "uuid": "15d44874-fc3c-45f6-8a7e-4c21d19c14bb", "symbol": "TAFM", "name": "AB ACTIVE ETFS INC TAX-AWARE INTERMEDIATE MUNICIPAL ETF USD", "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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 94.67, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "mixed", "architecture_direction": -16.63, "architecture_energy": 30.104, "architecture_maturity": 34.026, "architecture_confidence": 60.366, "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": 45.97, "rotation_up": 16.91, "upward_expansion": 18.14, "deceleration": 64.26, "rotation_down": 59.44, "downward_expansion": 38.47 }, "activity_lines": [ 25.204641, 25.30507, 25.324521, 25.319206 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.166667 }, "latest_close": 25.26, "trend_reference": 25.314798, "distance_from_trend": -0.002165, "trend_direction": "Improving", "fair_value": 24.300288, "distance_from_fair_value": 0.039494, "fair_value_direction": "Weakening", "relative_strength": -10.359809, "relative_strength_direction": "Weakening", "price_momentum": -0.002996, "excess_performance": -0.128621, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.002165, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.004465, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.039494, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.007099, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.103598, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.012913, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.002996, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 2.406276, "read": "Demand-led" } ], "volume": { "latest": 989504, "relative_activity": 1.183615, "balance": 2.406276, "dry_up": 1.130438, "accumulation_observations": 5, "distribution_observations": 2 }, "risk": { "range_context": 0.006809, "annualized_volatility": 0.04052, "from_high_reference": -0.014146, "from_low_reference": 0.054674 }, "levels": { "trend_reference": 25.314798, "fair_value_reference": 24.300288, "structural_low": 24.874958, 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16.780735, "activity_lines": [ 25.31181, 25.377725, 25.347549, 25.336266 ] }, { "date": "2026-07-31", "close": 25.102193, "volume": 940120, "typical_volume": 810052.7, "trend": 25.313794, "fair_value": 24.293333, "relative_strength": -8.055428, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -28.807677, "energy": 32.501148, "activity_lines": [ 25.21717, 25.326777, 25.328, 25.322677 ] }, { "date": "2026-08-07", "close": 25.26, "volume": 989504, "typical_volume": 836001.65, "trend": 25.314798, "fair_value": 24.300288, "relative_strength": -10.359809, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -16.629923, "energy": 30.1041, "activity_lines": [ 25.204641, 25.30507, 25.324521, 25.319206 ] } ], "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." } } }