{ "ticker": { "uuid": "2e621cfc-71fe-41f3-961c-c72a363a5a62", "symbol": "IBDX", "name": "ISHARES TRUST IBONDS DEC 2032 TERM CORPORATE 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": "3c", "phase_label": "Stage 3C \u00b7 Breakdown watch", "transition": "stage_3_to_4_watch", "transition_label": "Stage 3 \u2192 4 watch", "confidence": 66.889, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -55.775, "architecture_energy": 52.268, "architecture_maturity": 4.393, "architecture_confidence": 88.872, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 27.08, "rotation_up": 12.76, "upward_expansion": 11.03, "deceleration": 38.86, "rotation_down": 63.47, "downward_expansion": 86.69 }, "activity_lines": [ 24.826212, 24.882535, 24.93245, 24.969043 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 24.9, "trend_reference": 25.022982, "distance_from_trend": -0.004915, "trend_direction": "Weakening", "fair_value": 23.375375, "distance_from_fair_value": 0.065224, "fair_value_direction": "Weakening", "relative_strength": -11.134722, "relative_strength_direction": "Weakening", "price_momentum": -0.010991, "excess_performance": -0.136616, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.004915, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.00042, "read": "Falling" 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23.326891, "relative_strength": -8.303757, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -65.40498, "energy": 52.480159, "activity_lines": [ 24.863942, 24.921218, 24.958036, 24.995146 ] }, { "date": "2026-07-31", "close": 24.759936, "volume": 986692, "typical_volume": 1073558.35, "trend": 25.027944, "fair_value": 23.350154, "relative_strength": -8.840634, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.570192, "energy": 59.559429, "activity_lines": [ 24.809403, 24.888049, 24.938265, 24.977297 ] }, { "date": "2026-08-07", "close": 24.9, "volume": 1349974, "typical_volume": 1089120.6, "trend": 25.022982, "fair_value": 23.375375, "relative_strength": -11.134722, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.774841, "energy": 52.268316, "activity_lines": [ 24.826212, 24.882535, 24.93245, 24.969043 ] } ], "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." } } }