{ "ticker": { "uuid": "16e814b9-490e-44f0-9d57-e0dfe2f26371", "symbol": "DIVL", "name": "MADISON ETFS TRUST MADISON DIVIDEND VALUE 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": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 60.062, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 73.613, "architecture_energy": 78.533, "architecture_maturity": 6.394, "architecture_confidence": 66.505, "architecture_tenure": "New", "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": 11.27, "rotation_up": 81.71, "upward_expansion": 95.1, "deceleration": 39.04, "rotation_down": 8.75, "downward_expansion": 17.1 }, "activity_lines": [ 25.253049, 25.013696, 24.832648, 24.741595 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 25.3775, "trend_reference": 24.640059, "distance_from_trend": 0.029929, "trend_direction": "Improving", "fair_value": 21.353856, "distance_from_fair_value": 0.188427, "fair_value_direction": "Improving", "relative_strength": -5.036159, "relative_strength_direction": "Improving", "price_momentum": 0.012799, "excess_performance": -0.112826, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.029929, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.028764, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.188427, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.030597, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.050362, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.010488, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.012799, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 5.229908, "read": "Demand-led" } ], "volume": { "latest": 1205, "relative_activity": 0.219722, "balance": 5.229908, "dry_up": 0.529293, "accumulation_observations": 0, "distribution_observations": 0 }, "risk": { "range_context": 0.015192, "annualized_volatility": 0.098792, "from_high_reference": -0.008423, "from_low_reference": 0.160321 }, "levels": { "trend_reference": 24.640059, "fair_value_reference": 21.353856, "structural_low": 23.69534, 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24.690205, 24.638514 ] }, { "date": "2026-07-31", "close": 25.3, "volume": 2547, "typical_volume": 5534.75, "trend": 24.579486, "fair_value": 21.327897, "relative_strength": -2.126842, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.754921, "energy": 73.228632, "activity_lines": [ 25.134089, 24.901064, 24.760464, 24.69011 ] }, { "date": "2026-08-07", "close": 25.3775, "volume": 1205, "typical_volume": 5484.2, "trend": 24.640059, "fair_value": 21.353856, "relative_strength": -5.036159, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.613267, "energy": 78.533451, "activity_lines": [ 25.253049, 25.013696, 24.832648, 24.741595 ] } ], "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." } } }