{
  "ticker": {
    "uuid": "30c3540a-9e76-4148-83b3-8231cf349651",
    "symbol": "SMCF",
    "name": "THEMES US SMALL CAP CASH FLOW CHAMPIONS ETF",
    "exchange": "NASDAQ",
    "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.",
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    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "QQQ",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
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    "confidence": 96.0,
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    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
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    "architecture_maturity": 40.759,
    "architecture_confidence": 73.223,
    "architecture_tenure": "Established",
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        "typical_volume": 2353.1,
        "trend": 33.391709,
        "fair_value": 29.80396,
        "relative_strength": 5.925027,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 73.698448,
        "energy": 45.767922,
        "activity_lines": [
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      },
      {
        "date": "2026-04-17",
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        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "energy": 79.576708,
        "activity_lines": [
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      },
      {
        "date": "2026-04-24",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-01",
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        "relative_strength": 1.748063,
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        "regime": "upward_expansion",
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      },
      {
        "date": "2026-05-08",
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      },
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        "date": "2026-05-15",
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 2603.95,
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 2414.7,
        "trend": 34.718636,
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        "relative_strength": -7.527948,
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 2494.4,
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        "fair_value": 30.272717,
        "relative_strength": -3.309289,
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        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "energy": 63.025836,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 2463.15,
        "trend": 35.131628,
        "fair_value": 30.333988,
        "relative_strength": -3.145833,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "direction": 80.394552,
        "energy": 68.804623,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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        "relative_strength": -6.905439,
        "stage": 2,
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      },
      {
        "date": "2026-06-26",
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        "trend": 35.547219,
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        "relative_strength": -0.262928,
        "stage": 2,
        "regime": "upward_expansion",
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        "direction": 80.734155,
        "energy": 69.011147,
        "activity_lines": [
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          37.077744,
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      },
      {
        "date": "2026-07-03",
        "close": 38.9254,
        "volume": 3410,
        "typical_volume": 2541.4,
        "trend": 35.753964,
        "fair_value": 30.515362,
        "relative_strength": -0.342069,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 80.670146,
        "energy": 80.1231,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 39.2912,
        "volume": 1553,
        "typical_volume": 2536.15,
        "trend": 35.94778,
        "fair_value": 30.580368,
        "relative_strength": -1.146043,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 83.225336,
        "energy": 89.284536,
        "activity_lines": [
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          37.587064,
          36.889847
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      },
      {
        "date": "2026-07-17",
        "close": 39.8877,
        "volume": 506,
        "typical_volume": 2233.65,
        "trend": 36.165377,
        "fair_value": 30.648804,
        "relative_strength": 4.597344,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 89.284103,
        "energy": 95.320664,
        "activity_lines": [
          39.226167,
          38.674835,
          37.890049,
          37.144036
        ]
      },
      {
        "date": "2026-07-24",
        "close": 39.9206,
        "volume": 1225,
        "typical_volume": 2244.1,
        "trend": 36.383103,
        "fair_value": 30.716481,
        "relative_strength": 6.230926,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 81.567331,
        "energy": 92.847256,
        "activity_lines": [
          39.567373,
          38.972825,
          38.172222,
          37.386308
        ]
      },
      {
        "date": "2026-07-31",
        "close": 40.3264,
        "volume": 8099,
        "typical_volume": 2458.1,
        "trend": 36.628663,
        "fair_value": 30.786119,
        "relative_strength": 6.536385,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 84.573552,
        "energy": 93.43041,
        "activity_lines": [
          39.89902,
          39.300182,
          38.466068,
          37.640714
        ]
      },
      {
        "date": "2026-08-07",
        "close": 39.9249,
        "volume": 7754,
        "typical_volume": 2573.65,
        "trend": 36.814387,
        "fair_value": 30.851865,
        "relative_strength": 0.286898,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.096733,
        "energy": 73.638994,
        "activity_lines": [
          39.9839,
          39.507216,
          38.690032,
          37.853375
        ]
      }
    ],
    "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."
    }
  }
}