{ "ticker": { "uuid": "25ec30da-e240-4e53-b2d3-eccd204c653a", "symbol": "VEA", "name": "VANGUARD TAX MANAGED FUND FTSE DEVELOPED MKTS 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": 92.743, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 66.863, "architecture_energy": 36.505, "architecture_maturity": 29.841, "architecture_confidence": 57.798, "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": 39.26, "rotation_up": 40.56, "upward_expansion": 72.73, "deceleration": 69.51, "rotation_down": 25.88, "downward_expansion": 4.07 }, "activity_lines": [ 71.096667, 70.916154, 70.393855, 69.384821 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 72.89, "trend_reference": 68.224936, "distance_from_trend": 0.068378, "trend_direction": "Improving", "fair_value": 52.881994, "distance_from_fair_value": 0.378352, "fair_value_direction": "Weakening", "relative_strength": 0.859815, "relative_strength_direction": "Weakening", "price_momentum": 0.08949, "excess_performance": -0.036135, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.068378, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.050154, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.378352, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.016895, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.008598, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.027914, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.08949, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.377021, "read": "Demand-led" } ], "volume": { "latest": 43535820, "relative_activity": 0.746941, "balance": 2.377021, "dry_up": 0.820795, "accumulation_observations": 3, "distribution_observations": 0 }, "risk": { "range_context": 0.031497, "annualized_volatility": 0.196235, "from_high_reference": -0.003146, "from_low_reference": 0.299235 }, "levels": { "trend_reference": 68.224936, "fair_value_reference": 52.881994, "structural_low": 61.35992, "invalidation": "A 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"relative_strength": 1.165105, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.889529, "energy": 22.093073, "activity_lines": [ 70.166667, 70.489772, 69.795778, 68.874548 ] }, { "date": "2026-07-31", "close": 70.62, "volume": 53591024, "typical_volume": 61144345.65, "trend": 67.931354, "fair_value": 52.683968, "relative_strength": 1.249471, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.924893, "energy": 20.774651, "activity_lines": [ 70.255333, 70.501378, 70.003965, 69.064908 ] }, { "date": "2026-08-07", "close": 72.89, "volume": 43535820, "typical_volume": 58285514.05, "trend": 68.224936, "fair_value": 52.881994, "relative_strength": 0.859815, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 66.863168, "energy": 36.505023, "activity_lines": [ 71.096667, 70.916154, 70.393855, 69.384821 ] } ], "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." } } }