{ "ticker": { "uuid": "2dea5adb-fb4a-40f9-a60b-0b7256fdd861", "symbol": "IWX", "name": "ISHARES TRUST RUSSELL TOP 200 VALUE 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": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 91.374, "architecture_energy": 90.983, "architecture_maturity": 39.949, "architecture_confidence": 82.596, "architecture_tenure": "Established", "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": 0.0, "rotation_up": 81.05, "upward_expansion": 97.54, "deceleration": 40.78, "rotation_down": 16.02, "downward_expansion": 19.54 }, "activity_lines": [ 110.195333, 108.618006, 105.812572, 103.186998 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 112.64, "trend_reference": 100.180896, "distance_from_trend": 0.124366, "trend_direction": "Improving", "fair_value": 80.989392, "distance_from_fair_value": 0.390799, "fair_value_direction": "Improving", "relative_strength": 5.840901, "relative_strength_direction": "Improving", "price_momentum": 0.162231, "excess_performance": 0.036607, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.124366, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.059601, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.390799, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.080794, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.058409, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.04462, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.162231, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 9.369422, "read": "Demand-led" } ], "volume": { "latest": 1303835, "relative_activity": 0.816628, "balance": 9.369422, "dry_up": 1.441471, "accumulation_observations": 3, "distribution_observations": 0 }, "risk": { "range_context": 0.019381, "annualized_volatility": 0.104594, "from_high_reference": -0.001507, "from_low_reference": 0.359064 }, "levels": { "trend_reference": 100.180896, "fair_value_reference": 80.989392, "structural_low": 90.256764, 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106.60093, 105.277283, 102.299944, 100.311361 ] }, { "date": "2026-07-17", "close": 108.15, "volume": 2817307, "typical_volume": 1451714.85, "trend": 98.401823, "fair_value": 80.117, "relative_strength": 6.329286, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.494683, "energy": 84.834964, "activity_lines": [ 107.278667, 105.999424, 103.114089, 100.978052 ] }, { "date": "2026-07-24", "close": 108.28, "volume": 3593058, "typical_volume": 1570220.4, "trend": 98.948669, "fair_value": 80.391147, "relative_strength": 6.894968, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.59831, "energy": 84.100427, "activity_lines": [ 107.79, 106.622781, 103.886888, 101.615353 ] }, { "date": "2026-07-31", "close": 110.23, "volume": 1491664, "typical_volume": 1576490.5, "trend": 99.560845, "fair_value": 80.68421, "relative_strength": 7.418646, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.463898, "energy": 87.353352, "activity_lines": [ 108.767333, 107.469556, 104.776403, 102.343181 ] }, { "date": "2026-08-07", "close": 112.64, "volume": 1303835, "typical_volume": 1596608.75, "trend": 100.180896, "fair_value": 80.989392, "relative_strength": 5.840901, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.374484, "energy": 90.983063, "activity_lines": [ 110.195333, 108.618006, 105.812572, 103.186998 ] } ], "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." } } }