{ "ticker": { "uuid": "1862cae7-4547-4014-93c8-e922f1e2dc42", "symbol": "INRO", "name": "BlackRock U.S. Industry Rotation ETF", "exchange": "NASDAQ", "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": "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": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 77.702, "architecture_energy": 51.746, "architecture_maturity": 75.335, "architecture_confidence": 60.546, "architecture_tenure": "Established", "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": 26.21, "rotation_up": 47.22, "upward_expansion": 78.82, "deceleration": 70.5, "rotation_down": 28.65, "downward_expansion": 7.82 }, "activity_lines": [ 36.2518, 36.142629, 35.737234, 34.898127 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 37.1866, "trend_reference": 33.917897, "distance_from_trend": 0.096371, "trend_direction": "Improving", "fair_value": 29.230797, "distance_from_fair_value": 0.272172, "fair_value_direction": "Improving", "relative_strength": -0.824176, "relative_strength_direction": "Improving", "price_momentum": 0.149119, "excess_performance": -0.038335, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.096371, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.041836, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.272172, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.033322, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.008242, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.045186, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.149119, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.188915, "read": "Demand-led" } ], "volume": { "latest": 9805, "relative_activity": 0.872133, "balance": 1.188915, "dry_up": 0.720277, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.0254, "annualized_volatility": 0.149382, "from_high_reference": -0.00036, "from_low_reference": 0.256402 }, "levels": { "trend_reference": 33.917897, "fair_value_reference": 29.230797, "structural_low": 29.597703, 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36.02764, 35.885394, 34.790209, 34.053884 ] }, { "date": "2026-07-10", "close": 36.4313, "volume": 20045, "typical_volume": 21474.9, "trend": 33.41932, "fair_value": 29.002663, "relative_strength": -3.277203, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.753475, "energy": 61.010101, "activity_lines": [ 36.19318, 36.027588, 35.04469, 34.257808 ] }, { "date": "2026-07-17", "close": 35.7822, "volume": 8562, "typical_volume": 18909.0, "trend": 33.544581, "fair_value": 29.058692, "relative_strength": -0.84587, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.703272, "energy": 53.107763, "activity_lines": [ 36.071693, 36.012968, 35.217673, 34.410252 ] }, { "date": "2026-07-24", "close": 35.4737, "volume": 9356, "typical_volume": 18938.15, "trend": 33.643297, "fair_value": 29.111274, "relative_strength": -0.075622, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.193509, "energy": 43.308528, "activity_lines": [ 35.850947, 35.932288, 35.344073, 34.534711 ] }, { "date": "2026-07-31", "close": 35.8568, "volume": 4668, "typical_volume": 11386.7, "trend": 33.76715, "fair_value": 29.166116, "relative_strength": 0.473437, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.436138, "energy": 37.143799, "activity_lines": [ 35.83512, 35.917809, 35.488624, 34.677517 ] }, { "date": "2026-08-07", "close": 37.1866, "volume": 9805, "typical_volume": 11242.55, "trend": 33.917897, "fair_value": 29.230797, "relative_strength": -0.824176, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.702061, "energy": 51.746073, "activity_lines": [ 36.2518, 36.142629, 35.737234, 34.898127 ] } ], "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." } } }