{ "ticker": { "uuid": "2d8c1f53-d1d7-4310-a2d1-56b29edfcfbd", "symbol": "PEO", "name": "Adams Natural Resources Fund Inc", "exchange": "NYSE", "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": 76.09, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "up", "architecture_direction": 44.337, "architecture_energy": 39.578, "architecture_maturity": 41.771, "architecture_confidence": 48.862, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 36.84, "rotation_up": 67.0, "upward_expansion": 68.41, "deceleration": 57.5, "rotation_down": 9.01, "downward_expansion": 11.74 }, "activity_lines": [ 26.448839, 25.812054, 25.749115, 25.764261 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 26.35, "trend_reference": 25.543147, "distance_from_trend": 0.031588, "trend_direction": "Improving", "fair_value": 20.287638, "distance_from_fair_value": 0.29882, "fair_value_direction": "Weakening", "relative_strength": 0.610958, "relative_strength_direction": "Weakening", "price_momentum": 0.068445, "excess_performance": -0.05718, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.031588, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.066133, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.29882, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.000244, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.00611, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.024916, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.068445, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.623695, "read": "Supply-led" } ], "volume": { "latest": 241352, "relative_activity": 0.607694, "balance": 0.623695, "dry_up": 0.731885, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.042518, "annualized_volatility": 0.223012, "from_high_reference": -0.06955, "from_low_reference": 0.363873 }, "levels": { "trend_reference": 25.543147, "fair_value_reference": 20.287638, "structural_low": 23.670826, "invalidation": "A sustained 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"direction": -8.717259, "energy": 25.252595, "activity_lines": [ 24.878007, 25.078745, 25.472722, 25.458361 ] }, { "date": "2026-07-24", "close": 27.062062, "volume": 295545, "typical_volume": 401613.65, "trend": 25.192518, "fair_value": 20.172366, "relative_strength": 8.563627, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 48.945154, "energy": 23.972364, "activity_lines": [ 25.674817, 25.386971, 25.598052, 25.592354 ] }, { "date": "2026-07-31", "close": 26.89, "volume": 455378, "typical_volume": 401997.25, "trend": 25.382918, "fair_value": 20.233752, "relative_strength": 6.464836, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 42.569044, "energy": 33.925445, "activity_lines": [ 26.242801, 25.652785, 25.701451, 25.701869 ] }, { "date": "2026-08-07", "close": 26.35, "volume": 241352, "typical_volume": 397160.3, "trend": 25.543147, "fair_value": 20.287638, "relative_strength": 0.610958, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 44.336736, "energy": 39.577579, "activity_lines": [ 26.448839, 25.812054, 25.749115, 25.764261 ] } ], "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." } } }