{ "ticker": { "uuid": "179cff24-eb67-4f5e-a1dd-b4a1118c35de", "symbol": "FUND", "name": "Sprott Focus Trust", "exchange": "NASDAQ", "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": "QQQ", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 94.533, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "up", "architecture_direction": 59.106, "architecture_energy": 45.541, "architecture_maturity": 15.114, "architecture_confidence": 62.44, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The prior uptrend is attempting to re-accelerate.", "body": "Positive Trend survived a recompression and Fast Activity is strengthening again. Promotion requires renewed confirmation across the completed evidence set." }, "scores": { "balance": 31.74, "rotation_up": 63.97, "upward_expansion": 71.04, "deceleration": 49.29, "rotation_down": 11.97, "downward_expansion": 14.37 }, "activity_lines": [ 10.005667, 9.872621, 9.884147, 9.800745 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 10.285, "trend_reference": 9.667086, "distance_from_trend": 0.063919, "trend_direction": "Improving", "fair_value": 7.407202, "distance_from_fair_value": 0.388514, "fair_value_direction": "Weakening", "relative_strength": 0.774956, "relative_strength_direction": "Weakening", "price_momentum": 0.090562, "excess_performance": -0.096891, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.063919, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.059592, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.388514, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.020344, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.00775, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.009144, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.090562, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.734804, "read": "Demand-led" } ], "volume": { "latest": 119367, "relative_activity": 0.851775, "balance": 1.734804, "dry_up": 0.942255, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.033283, "annualized_volatility": 0.162155, "from_high_reference": -0.004106, "from_low_reference": 0.429895 }, "levels": { "trend_reference": 9.667086, "fair_value_reference": 7.407202, "structural_low": 8.796227, "invalidation": "A sustained loss 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9.686574 ] }, { "date": "2026-07-17", "close": 9.92, "volume": 195275, "typical_volume": 148819.95, "trend": 9.519905, "fair_value": 7.342991, "relative_strength": 1.69768, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.332652, "energy": 19.512603, "activity_lines": [ 9.703, 9.782581, 9.809206, 9.715727 ] }, { "date": "2026-07-24", "close": 9.81, "volume": 115805, "typical_volume": 142108.75, "trend": 9.563978, "fair_value": 7.362505, "relative_strength": 2.004605, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.577022, "energy": 8.5425, "activity_lines": [ 9.753333, 9.773946, 9.817818, 9.734443 ] }, { "date": "2026-07-31", "close": 9.92, "volume": 97740, "typical_volume": 142681.95, "trend": 9.613337, "fair_value": 7.383606, "relative_strength": 2.362212, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 37.609435, "energy": 22.442391, "activity_lines": [ 9.836, 9.789291, 9.83524, 9.757412 ] }, { "date": "2026-08-07", "close": 10.285, "volume": 119367, "typical_volume": 140139.05, "trend": 9.667086, "fair_value": 7.407202, "relative_strength": 0.774956, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 59.105873, "energy": 45.540611, "activity_lines": [ 10.005667, 9.872621, 9.884147, 9.800745 ] } ], "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." } } }