{ "ticker": { "uuid": "33ab8800-a48a-41ec-b4eb-d22770eded3a", "symbol": "PBJL", "name": "PGIM S&P 500 BUFFER 20 ETF - JULY", "exchange": "CBOE", "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": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 59.065, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 86.237, "architecture_energy": 63.035, "architecture_maturity": 73.364, "architecture_confidence": 61.233, "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": 17.79, "rotation_up": 58.32, "upward_expansion": 83.04, "deceleration": 68.39, "rotation_down": 26.38, "downward_expansion": 9.71 }, "activity_lines": [ 31.454213, 31.371167, 31.21069, 30.950037 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 31.83, "trend_reference": 30.63708, "distance_from_trend": 0.038937, "trend_direction": "Improving", "fair_value": 28.165276, "distance_from_fair_value": 0.130115, "fair_value_direction": "Improving", "relative_strength": -5.928673, "relative_strength_direction": "Improving", "price_momentum": 0.057299, "excess_performance": -0.068325, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.038937, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.017202, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.130115, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.015205, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.059287, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.003254, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.057299, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.656995, "read": "Supply-led" } ], "volume": { "latest": 75414, "relative_activity": 0.901843, "balance": 0.656995, "dry_up": 1.120548, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.008897, "annualized_volatility": 0.046846, "from_high_reference": -0.009953, "from_low_reference": 0.105208 }, "levels": { "trend_reference": 30.63708, "fair_value_reference": 28.165276, "structural_low": 29.27, 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-3.901035, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.63121, "energy": 56.027139, "activity_lines": [ 31.260907, 31.247538, 31.065756, 30.819439 ] }, { "date": "2026-07-31", "close": 31.31, "volume": 123716, "typical_volume": 81404.75, "trend": 30.580243, "fair_value": 28.133954, "relative_strength": -4.408983, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.670587, "energy": 51.722698, "activity_lines": [ 31.27156, 31.264035, 31.117152, 30.869408 ] }, { "date": "2026-08-07", "close": 31.83, "volume": 75414, "typical_volume": 83622.05, "trend": 30.63708, "fair_value": 28.165276, "relative_strength": -5.928673, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.23724, "energy": 63.035025, "activity_lines": [ 31.454213, 31.371167, 31.21069, 30.950037 ] } ], "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." } } }