{ "ticker": { "uuid": "3ed6673f-27e8-4ba1-b4c9-175a30a47453", "symbol": "TAGG", "name": "T ROWE PRICE EXCHANGE TRD FDS INC QM US BD 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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 68.7, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -58.843, "architecture_energy": 61.566, "architecture_maturity": 4.634, "architecture_confidence": 82.501, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 20.86, "rotation_up": 10.7, "upward_expansion": 13.62, "deceleration": 37.58, "rotation_down": 68.99, "downward_expansion": 89.29 }, "activity_lines": [ 41.891971, 42.029525, 42.121574, 42.20029 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 41.97, "trend_reference": 42.305132, "distance_from_trend": -0.007922, "trend_direction": "Weakening", "fair_value": 40.045798, "distance_from_fair_value": 0.04805, "fair_value_direction": "Weakening", "relative_strength": -11.39857, "relative_strength_direction": "Weakening", "price_momentum": -0.013002, "excess_performance": -0.138627, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.007922, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.000568, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.04805, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.019392, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.113986, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.013498, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.013002, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 3.843382, "read": "Demand-led" } ], "volume": { "latest": 1615527, "relative_activity": 1.538921, "balance": 3.843382, "dry_up": 0.868623, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.008551, "annualized_volatility": 0.043583, "from_high_reference": -0.028642, "from_low_reference": 0.024432 }, "levels": { "trend_reference": 42.305132, "fair_value_reference": 40.045798, "structural_low": 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balance after advance", "gate": "down", "direction": -46.38601, "energy": 23.691601, "activity_lines": [ 42.189344, 42.217167, 42.236025, 42.299164 ] }, { "date": "2026-07-24", "close": 41.763895, "volume": 518456, "typical_volume": 960304.75, "trend": 42.335362, "fair_value": 39.983542, "relative_strength": -8.370617, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -67.07763, "energy": 55.734816, "activity_lines": [ 42.026548, 42.140713, 42.188499, 42.261145 ] }, { "date": "2026-07-31", "close": 41.74, "volume": 810125, "typical_volume": 985859.25, "trend": 42.317886, "fair_value": 40.012559, "relative_strength": -9.102482, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.965556, "energy": 65.995943, "activity_lines": [ 41.897384, 42.061893, 42.142859, 42.222735 ] }, { "date": "2026-08-07", "close": 41.97, "volume": 1615527, "typical_volume": 1049778.8, "trend": 42.305132, "fair_value": 40.045798, "relative_strength": -11.39857, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.843068, "energy": 61.56591, "activity_lines": [ 41.891971, 42.029525, 42.121574, 42.20029 ] } ], "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." } } }