{ "ticker": { "uuid": "42f1c595-291f-4732-a9d1-d21c35fcf26d", "symbol": "BMEZ", "name": "BlackRock Health Sciences Trust II", "exchange": "NYSE", "country": "US", "assetType": "equity" }, "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": 91.787, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 82.777, "architecture_energy": 78.535, "architecture_maturity": 16.192, "architecture_confidence": 75.001, "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": 13.97, "rotation_up": 73.09, "upward_expansion": 89.73, "deceleration": 48.42, "rotation_down": 13.7, "downward_expansion": 16.4 }, "activity_lines": [ 15.573933, 15.361643, 14.900025, 14.661438 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 15.97, "trend_reference": 14.486602, "distance_from_trend": 0.102398, "trend_direction": "Improving", "fair_value": 12.887743, "distance_from_fair_value": 0.239162, "fair_value_direction": "Improving", "relative_strength": -0.129481, "relative_strength_direction": "Improving", "price_momentum": 0.102354, "excess_performance": -0.023271, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.102398, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.016906, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.239162, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.132814, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.001295, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.097139, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.102354, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.674344, "read": "Demand-led" } ], "volume": { "latest": 661531, "relative_activity": 0.749286, "balance": 1.674344, "dry_up": 0.789317, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.02929, "annualized_volatility": 0.161767, "from_high_reference": -0.001875, "from_low_reference": 0.276208 }, "levels": { "trend_reference": 14.486602, "fair_value_reference": 12.887743, "structural_low": 13.399092, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 24, "median_return": -0.005903, "positive_rate": 0.458333, "directional_follow_through": 0.458333, "median_excess_return": -0.016053, "regime_survival": 0.666667, "best_return": 0.046107, "worst_return": -0.107175, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": -0.018783, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.034516, "regime_survival": 0.4, "best_return": 0.09163, "worst_return": -0.145213, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.028295, "positive_rate": 0.714286, "directional_follow_through": 0.714286, "median_excess_return": -0.085637, "regime_survival": 0.428571, "best_return": 0.065659, "worst_return": -0.242721, "sufficient": true }, { "horizon": 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reclamation", "gate": "up", "direction": 77.601575, "energy": 84.107523, "activity_lines": [ 15.167828, 14.807724, 14.446751, 14.375723 ] }, { "date": "2026-07-17", "close": 15.27, "volume": 1091894, "typical_volume": 973751.85, "trend": 14.38666, "fair_value": 12.813662, "relative_strength": -0.580377, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.945844, "energy": 82.908371, "activity_lines": [ 15.27378, 14.941465, 14.54504, 14.434577 ] }, { "date": "2026-07-24", "close": 15.31, "volume": 476558, "typical_volume": 936966.95, "trend": 14.409902, "fair_value": 12.835962, "relative_strength": 0.235265, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.598246, "energy": 82.568543, "activity_lines": [ 15.330213, 15.058705, 14.643824, 14.494147 ] }, { "date": "2026-07-31", "close": 15.48, "volume": 557512, "typical_volume": 912789.45, "trend": 14.447094, "fair_value": 12.860189, "relative_strength": 0.274218, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.840371, "energy": 78.458564, "activity_lines": [ 15.385689, 15.178416, 14.752987, 14.563186 ] }, { "date": "2026-08-07", "close": 15.97, "volume": 661531, "typical_volume": 882882.0, "trend": 14.486602, "fair_value": 12.887743, "relative_strength": -0.129481, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.777323, "energy": 78.535276, "activity_lines": [ 15.573933, 15.361643, 14.900025, 14.661438 ] } ], "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." } } }