{ "ticker": { "uuid": "3ca5c797-b499-406c-bdeb-6a744a92ab0c", "symbol": "COPP", "name": "Sprott Copper Miners 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.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "QQQ", "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": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "up", "architecture_direction": 43.233, "architecture_energy": 16.87, "architecture_maturity": 19.507, "architecture_confidence": 62.211, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 57.41, "rotation_up": 36.97, "upward_expansion": 56.38, "deceleration": 62.77, "rotation_down": 24.73, "downward_expansion": 18.05 }, "activity_lines": [ 39.483047, 39.087913, 39.35994, 39.087543 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Stable", "price_acceptance": -0.333333 }, "latest_close": 42.82, "trend_reference": 39.054167, "distance_from_trend": 0.096426, "trend_direction": "Improving", "fair_value": 27.18551, "distance_from_fair_value": 0.575104, "fair_value_direction": "Improving", "relative_strength": 8.621342, "relative_strength_direction": "Weakening", "price_momentum": 0.06783, "excess_performance": -0.119623, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.096426, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.066736, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.575104, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.010312, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.086213, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.033418, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.06783, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.720891, "read": "Supply-led" } ], "volume": { "latest": 540852, "relative_activity": 0.799108, "balance": 0.720891, "dry_up": 0.668737, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.092226, "annualized_volatility": 0.50681, "from_high_reference": -0.097767, "from_low_reference": 0.944842 }, "levels": { "trend_reference": 39.054167, "fair_value_reference": 27.18551, "structural_low": 31.26, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Extended", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, 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"2026-07-10", "close": 38.05, "volume": 459049, "typical_volume": 883985.85, "trend": 38.616603, "fair_value": 26.806243, "relative_strength": -1.545818, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 18.586637, "energy": 14.069715, "activity_lines": [ 38.751, 39.566909, 39.221026, 39.060541 ] }, { "date": "2026-07-17", "close": 36.03, "volume": 566923, "typical_volume": 830454.1, "trend": 38.703437, "fair_value": 26.880628, "relative_strength": -3.138717, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.20295, "energy": 22.725218, "activity_lines": [ 37.559333, 38.857273, 38.964726, 38.893663 ] }, { "date": "2026-07-24", "close": 38.1319, "volume": 328487, "typical_volume": 757403.6, "trend": 38.775833, "fair_value": 26.970638, "relative_strength": 3.589298, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.621281, "energy": 20.849022, "activity_lines": [ 37.488967, 38.607982, 38.94632, 38.85679 ] }, { "date": "2026-07-31", "close": 38.41, "volume": 374195, "typical_volume": 714922.35, "trend": 38.8775, "fair_value": 27.061427, "relative_strength": 3.12434, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.359897, "energy": 21.534644, "activity_lines": [ 37.773173, 38.436493, 38.950487, 38.833188 ] }, { "date": "2026-08-07", "close": 42.82, "volume": 540852, "typical_volume": 676819.6, "trend": 39.054167, "fair_value": 27.18551, "relative_strength": 8.621342, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 43.23271, "energy": 16.870425, "activity_lines": [ 39.483047, 39.087913, 39.35994, 39.087543 ] } ], "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." } } }