{ "ticker": { "uuid": "36a1a574-4a29-4acf-b1ab-8ea583784786", "symbol": "SMMD", "name": "ISHARES RUSSELL 2500 ETF", "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": 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": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 73.36, "architecture_energy": 50.661, "architecture_maturity": 42.62, "architecture_confidence": 55.023, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 27.73, "rotation_up": 44.51, "upward_expansion": 71.78, "deceleration": 72.63, "rotation_down": 28.26, "downward_expansion": 12.12 }, "activity_lines": [ 90.406, 90.221689, 88.691347, 86.451443 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 92.55, "trend_reference": 83.86336, "distance_from_trend": 0.103581, "trend_direction": "Improving", "fair_value": 67.888631, "distance_from_fair_value": 0.363262, "fair_value_direction": "Improving", "relative_strength": 4.008399, "relative_strength_direction": "Weakening", "price_momentum": 0.148262, "excess_performance": 0.022637, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.103581, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.063675, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.363262, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.032932, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.040084, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.002293, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.148262, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.12681, "read": "Demand-led" } ], "volume": { "latest": 2038131, "relative_activity": 1.55966, "balance": 1.12681, "dry_up": 1.049907, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.030596, "annualized_volatility": 0.160145, "from_high_reference": -0.001833, "from_low_reference": 0.363463 }, "levels": { "trend_reference": 83.86336, "fair_value_reference": 67.888631, "structural_low": 73.202071, "invalidation": "A 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}, { "date": "2026-07-17", "close": 89.66, "volume": 960488, "typical_volume": 1486537.25, "trend": 82.515872, "fair_value": 67.243395, "relative_strength": 5.386494, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.256884, "energy": 57.99647, "activity_lines": [ 90.203333, 89.571695, 87.154765, 85.035123 ] }, { "date": "2026-07-24", "close": 89.18, "volume": 1090379, "typical_volume": 1451362.1, "trend": 82.950153, "fair_value": 67.446562, "relative_strength": 5.263005, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.703026, "energy": 49.479677, "activity_lines": [ 89.824, 89.6591, 87.62405, 85.465067 ] }, { "date": "2026-07-31", "close": 89.09, "volume": 1398986, "typical_volume": 1436409.4, "trend": 83.401005, "fair_value": 67.654322, "relative_strength": 3.839603, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.505986, "energy": 38.93724, "activity_lines": [ 89.477333, 89.646891, 88.025425, 85.861186 ] }, { "date": "2026-08-07", "close": 92.55, "volume": 2038131, "typical_volume": 1306778.7, "trend": 83.86336, "fair_value": 67.888631, "relative_strength": 4.008399, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 73.359881, "energy": 50.661452, "activity_lines": [ 90.406, 90.221689, 88.691347, 86.451443 ] } ], "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." } } }