{ "ticker": { "uuid": "22def0f1-7349-4030-9127-bf893dfb772d", "symbol": "ISCG", "name": "ISHARES TRUST MORNINGSTAR SM-CAP GWTH 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": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 71.097, "architecture_energy": 41.626, "architecture_maturity": 42.22, "architecture_confidence": 86.929, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 33.5, "rotation_up": 40.41, "upward_expansion": 69.74, "deceleration": 93.07, "rotation_down": 27.95, "downward_expansion": 10.08 }, "activity_lines": [ 63.660667, 63.63817, 62.766834, 61.47869 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 65.5, "trend_reference": 60.108837, "distance_from_trend": 0.08969, "trend_direction": "Improving", "fair_value": 49.426062, "distance_from_fair_value": 0.325212, "fair_value_direction": "Improving", "relative_strength": 1.229374, "relative_strength_direction": "Improving", "price_momentum": 0.117611, "excess_performance": -0.008014, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.08969, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.045551, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.325212, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.027015, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.012294, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.000215, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.117611, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.086734, "read": "Demand-led" } ], "volume": { "latest": 102694, "relative_activity": 0.700586, "balance": 2.086734, "dry_up": 0.742889, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.03258, "annualized_volatility": 0.167662, "from_high_reference": -0.007155, "from_low_reference": 0.305207 }, "levels": { "trend_reference": 60.108837, "fair_value_reference": 49.426062, "structural_low": 52.628278, "invalidation": "A 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"upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.525397, "energy": 54.206456, "activity_lines": [ 63.784, 63.364631, 61.915365, 60.739256 ] }, { "date": "2026-07-24", "close": 62.33, "volume": 122261, "typical_volume": 176779.2, "trend": 59.648787, "fair_value": 49.128253, "relative_strength": 0.986705, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.490648, "energy": 37.733899, "activity_lines": [ 63.26, 63.278251, 62.122492, 60.924339 ] }, { "date": "2026-07-31", "close": 62.61, "volume": 105644, "typical_volume": 156033.2, "trend": 59.868773, "fair_value": 49.265576, "relative_strength": 0.270583, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.689573, "energy": 28.426407, "activity_lines": [ 62.921333, 63.204898, 62.325643, 61.115385 ] }, { "date": "2026-08-07", "close": 65.5, "volume": 102694, "typical_volume": 146583.05, "trend": 60.108837, "fair_value": 49.426062, "relative_strength": 1.229374, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 71.0973, "energy": 41.625587, "activity_lines": [ 63.660667, 63.63817, 62.766834, 61.47869 ] } ], "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." } } }