{ "ticker": { "uuid": "34fdc807-58b4-4202-afe5-66656460542f", "symbol": "INVN", "name": "ALGER RUSSELL INNOVATION 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": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 90.982, "architecture_energy": 92.209, "architecture_maturity": 26.602, "architecture_confidence": 75.069, "architecture_tenure": "New", "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": 8.65, "rotation_up": 83.42, "upward_expansion": 96.65, "deceleration": 42.07, "rotation_down": 9.54, "downward_expansion": 20.98 }, "activity_lines": [ 23.83998, 22.997435, 22.032598, 21.316575 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 25.441, "trend_reference": 20.641383, "distance_from_trend": 0.232524, "trend_direction": "Improving", "fair_value": 20.084972, "distance_from_fair_value": 0.266668, "fair_value_direction": "Improving", "relative_strength": 8.90937, "relative_strength_direction": "Improving", "price_momentum": 0.273374, "excess_performance": 0.147749, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.232524, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.015255, "read": "Rising" }, { "label": 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"relative_strength": -0.308018, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.854447, "energy": 76.004448, "activity_lines": [ 22.429293, 22.006842, 21.275201, 20.783254 ] }, { "date": "2026-07-31", "close": 23.8006, "volume": 21122, "typical_volume": 20852.95, "trend": 20.52708, "fair_value": 20.019655, "relative_strength": 5.62761, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.527654, "energy": 83.707823, "activity_lines": [ 22.944093, 22.37956, 21.587802, 20.999548 ] }, { "date": "2026-08-07", "close": 25.441, "volume": 18376, "typical_volume": 21682.55, "trend": 20.641383, "fair_value": 20.084972, "relative_strength": 8.90937, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.982151, "energy": 92.208787, "activity_lines": [ 23.83998, 22.997435, 22.032598, 21.316575 ] } ], "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." } } }