{ "ticker": { "uuid": "2a8c2eec-7119-44ef-9317-2659f07d912d", "symbol": "EVNT", "name": "ALTSHARES TR EVENT-DRIVEN 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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 50.007, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 73.397, "architecture_energy": 67.721, "architecture_maturity": 100.0, "architecture_confidence": 76.768, "architecture_tenure": "Extended", "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": 9.43, "rotation_up": 66.43, "upward_expansion": 89.76, "deceleration": 44.01, "rotation_down": 17.44, "downward_expansion": 14.1 }, "activity_lines": [ 12.262273, 12.207589, 12.092074, 11.998261 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 12.36, "trend_reference": 11.87775, "distance_from_trend": 0.040601, "trend_direction": "Improving", "fair_value": 10.46549, "distance_from_fair_value": 0.181025, "fair_value_direction": "Improving", "relative_strength": -5.60427, "relative_strength_direction": "Improving", "price_momentum": 0.064783, "excess_performance": -0.060842, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.040601, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.018717, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.181025, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.015628, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.056043, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.01397, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.064783, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.0945, "read": "Demand-led" } ], "volume": { "latest": 5585, "relative_activity": 0.288369, "balance": 1.0945, "dry_up": 1.046828, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.016766, "annualized_volatility": 0.046006, "from_high_reference": -0.049231, "from_low_reference": 0.194203 }, "levels": { "trend_reference": 11.87775, "fair_value_reference": 10.46549, "structural_low": 11.56, 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"trend": 11.805633, "fair_value": 10.407598, "relative_strength": -3.288107, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.015355, "energy": 58.542103, "activity_lines": [ 12.180567, 12.10272, 11.99675, 11.914378 ] }, { "date": "2026-07-24", "close": 12.1947, "volume": 51261, "typical_volume": 26171.85, "trend": 11.827633, "fair_value": 10.426638, "relative_strength": -2.869163, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.64699, "energy": 49.277055, "activity_lines": [ 12.195233, 12.132135, 12.024758, 11.93948 ] }, { "date": "2026-07-31", "close": 12.23, "volume": 6583, "typical_volume": 24165.65, "trend": 11.85125, "fair_value": 10.445722, "relative_strength": -3.478191, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.716255, "energy": 42.252061, "activity_lines": [ 12.20892, 12.161271, 12.053701, 11.965439 ] }, { "date": "2026-08-07", "close": 12.36, "volume": 5585, "typical_volume": 19367.55, "trend": 11.87775, "fair_value": 10.46549, "relative_strength": -5.60427, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.397454, "energy": 67.721069, "activity_lines": [ 12.262273, 12.207589, 12.092074, 11.998261 ] } ], "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." } } }