{ "ticker": { "uuid": "449b342a-821a-4921-9258-5f9fd9b28236", "symbol": "HQH", "name": "abrdn Healthcare Investors", "exchange": "NYSE", "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": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 86.732, "architecture_energy": 68.389, "architecture_maturity": 56.704, "architecture_confidence": 83.668, "architecture_tenure": "Established", "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": 6.1, "rotation_up": 70.49, "upward_expansion": 86.67, "deceleration": 62.35, "rotation_down": 19.42, "downward_expansion": 11.0 }, "activity_lines": [ 22.027333, 21.628545, 20.761371, 20.090112 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Stable", "price_acceptance": 0.833333 }, "latest_close": 23.04, "trend_reference": 19.333663, "distance_from_trend": 0.191704, "trend_direction": "Improving", "fair_value": 14.906584, "distance_from_fair_value": 0.545626, "fair_value_direction": "Improving", "relative_strength": 12.797857, "relative_strength_direction": "Improving", "price_momentum": 0.274162, "excess_performance": 0.148537, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.191704, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.063311, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.545626, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.173533, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.127979, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.078776, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.274162, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.750318, "read": "Demand-led" } ], "volume": { "latest": 1143063, "relative_activity": 1.279556, "balance": 1.750318, "dry_up": 1.549671, "accumulation_observations": 5, "distribution_observations": 3 }, "risk": { "range_context": 0.041696, "annualized_volatility": 0.236815, "from_high_reference": -0.004752, "from_low_reference": 0.670267 }, "levels": { "trend_reference": 19.333663, "fair_value_reference": 14.906584, "structural_low": 16.622406, 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20.88, "volume": 2074533, "typical_volume": 834521.45, "trend": 18.922351, "fair_value": 14.708752, "relative_strength": 7.983476, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.933661, "energy": 84.777093, "activity_lines": [ 21.347333, 20.783972, 20.001179, 19.493409 ] }, { "date": "2026-07-24", "close": 21.5, "volume": 1339012, "typical_volume": 851403.35, "trend": 19.035956, "fair_value": 14.770457, "relative_strength": 11.321144, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.471276, "energy": 78.90683, "activity_lines": [ 21.428, 20.992364, 20.214689, 19.659709 ] }, { "date": "2026-07-31", "close": 21.84, "volume": 980850, "typical_volume": 860079.1, "trend": 19.172798, "fair_value": 14.834963, "relative_strength": 11.314717, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.548325, "energy": 62.229606, "activity_lines": [ 21.534667, 21.222909, 20.441509, 19.840615 ] }, { "date": "2026-08-07", "close": 23.04, "volume": 1143063, "typical_volume": 893327.9, "trend": 19.333663, "fair_value": 14.906584, "relative_strength": 12.797857, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.732345, "energy": 68.389198, "activity_lines": [ 22.027333, 21.628545, 20.761371, 20.090112 ] } ], "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." } } }