{ "ticker": { "uuid": "1b5b961c-645e-4983-884a-f11501940a3b", "symbol": "SMLL", "name": "HARBOR ACTIVE SMALL CAP 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": 94.098, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 82.451, "architecture_energy": 61.783, "architecture_maturity": 23.253, "architecture_confidence": 65.335, "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": 8.39, "rotation_up": 69.3, "upward_expansion": 82.15, "deceleration": 56.03, "rotation_down": 15.64, "downward_expansion": 8.81 }, "activity_lines": [ 21.656933, 21.436809, 21.017528, 20.680626 ], "activity_state": "Wide", "activity_direction": "Stable", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 22.2622, "trend_reference": 20.411533, "distance_from_trend": 0.090668, "trend_direction": "Improving", "fair_value": 20.58355, "distance_from_fair_value": 0.081553, "fair_value_direction": "Improving", "relative_strength": -3.152344, "relative_strength_direction": "Improving", "price_momentum": 0.082302, "excess_performance": -0.043323, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.090668, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.02157, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.081553, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.073264, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.031523, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.06976, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.082302, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.420375, "read": "Demand-led" } ], "volume": { "latest": 41327, "relative_activity": 3.450401, "balance": 1.420375, "dry_up": 1.033943, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.028485, "annualized_volatility": 0.155513, "from_high_reference": -0.0132, "from_low_reference": 0.198465 }, "levels": { "trend_reference": 20.411533, "fair_value_reference": 20.58355, "structural_low": 18.5756, "invalidation": 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21.17276, 20.901553, 20.51277, 20.34612 ] }, { "date": "2026-07-17", "close": 21.4893, "volume": 2286, "typical_volume": 11078.8, "trend": 20.28718, "fair_value": 20.551665, "relative_strength": -3.608191, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.36364, "energy": 82.517087, "activity_lines": [ 21.31364, 21.043118, 20.64017, 20.426536 ] }, { "date": "2026-07-24", "close": 21.1414, "volume": 2476, "typical_volume": 10793.4, "trend": 20.3141, "fair_value": 20.557562, "relative_strength": -4.276713, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.737586, "energy": 66.960368, "activity_lines": [ 21.288607, 21.106987, 20.727863, 20.481647 ] }, { "date": "2026-07-31", "close": 21.5037, "volume": 3447, "typical_volume": 10124.8, "trend": 20.367627, "fair_value": 20.56693, "relative_strength": -3.426994, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.233695, "energy": 51.241249, "activity_lines": [ 21.352333, 21.21346, 20.842776, 20.558396 ] }, { "date": "2026-08-07", "close": 22.2622, "volume": 41327, "typical_volume": 11977.45, "trend": 20.411533, "fair_value": 20.58355, "relative_strength": -3.152344, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.451177, "energy": 61.782674, "activity_lines": [ 21.656933, 21.436809, 21.017528, 20.680626 ] } ], "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." } } }