{ "ticker": { "uuid": "184cfcc8-4d51-4fc5-b421-1035cde58869", "symbol": "IBRN", "name": "ISHARES TRUST NEUROSCIENCE AND HEALTHCARE 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": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 67.407, "architecture_energy": 43.541, "architecture_maturity": 58.085, "architecture_confidence": 60.135, "architecture_tenure": "Developing", "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": 19.68, "rotation_up": 45.43, "upward_expansion": 72.58, "deceleration": 70.9, "rotation_down": 26.61, "downward_expansion": 10.58 }, "activity_lines": [ 37.905013, 37.800824, 36.763556, 35.718484 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 38.8576, "trend_reference": 34.4725, "distance_from_trend": 0.127206, "trend_direction": "Improving", "fair_value": 26.479162, "distance_from_fair_value": 0.467478, "fair_value_direction": "Improving", "relative_strength": 8.699328, "relative_strength_direction": "Weakening", "price_momentum": 0.199838, "excess_performance": 0.074213, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.127206, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.06293, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.467478, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.06995, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.086993, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.031694, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.199838, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.265091, "read": "Demand-led" } ], "volume": { "latest": 37481, "relative_activity": 2.959673, "balance": 1.265091, "dry_up": 1.578384, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.050519, "annualized_volatility": 0.240206, "from_high_reference": -0.038654, "from_low_reference": 0.690873 }, "levels": { "trend_reference": 34.4725, "fair_value_reference": 26.479162, "structural_low": 30.43, 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26.121549, "relative_strength": 14.467798, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.008443, "energy": 83.660696, "activity_lines": [ 38.20346, 36.949733, 35.67914, 34.74717 ] }, { "date": "2026-07-17", "close": 37.8706, "volume": 20147, "typical_volume": 10724.45, "trend": 33.91291, "fair_value": 26.208081, "relative_strength": 12.04584, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.787097, "energy": 80.120457, "activity_lines": [ 38.34746, 37.250175, 36.004882, 35.014646 ] }, { "date": "2026-07-24", "close": 37.6923, "volume": 12364, "typical_volume": 11056.35, "trend": 34.08565, "fair_value": 26.295663, "relative_strength": 11.494121, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.038765, "energy": 76.162458, "activity_lines": [ 38.229653, 37.47608, 36.28606, 35.258477 ] }, { "date": "2026-07-31", "close": 36.6044, "volume": 9962, "typical_volume": 10898.8, "trend": 34.246247, "fair_value": 26.379561, "relative_strength": 6.581542, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.879608, "energy": 44.397171, "activity_lines": [ 37.637487, 37.451453, 36.43085, 35.420977 ] }, { "date": "2026-08-07", "close": 38.8576, "volume": 37481, "typical_volume": 12663.9, "trend": 34.4725, "fair_value": 26.479162, "relative_strength": 8.699328, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.406513, "energy": 43.540764, "activity_lines": [ 37.905013, 37.800824, 36.763556, 35.718484 ] } ], "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." } } }