{ "ticker": { "uuid": "44fe07e6-0a67-46f1-bcbb-215e9ce167e5", "symbol": "BUFB", "name": "Innovator Laddered Allocation Buffer 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": 71.263, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 78.842, "architecture_energy": 57.144, "architecture_maturity": 47.426, "architecture_confidence": 79.579, "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": 12.16, "rotation_up": 61.94, "upward_expansion": 83.76, "deceleration": 60.25, "rotation_down": 23.17, "downward_expansion": 8.09 }, "activity_lines": [ 39.660567, 39.444433, 39.113352, 38.577479 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.833333 }, "latest_close": 40.1997, "trend_reference": 37.950447, "distance_from_trend": 0.059268, "trend_direction": "Improving", "fair_value": 32.517915, "distance_from_fair_value": 0.236232, "fair_value_direction": "Improving", "relative_strength": -3.253626, "relative_strength_direction": "Improving", "price_momentum": 0.085305, "excess_performance": -0.04032, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.059268, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.026847, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.236232, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.003149, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.032536, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.001294, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.085305, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.18773, "read": "Demand-led" } ], "volume": { "latest": 201929, "relative_activity": 1.010954, "balance": 2.18773, "dry_up": 0.705176, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.018168, "annualized_volatility": 0.084782, "from_high_reference": -0.018562, "from_low_reference": 0.164871 }, "levels": { "trend_reference": 37.950447, "fair_value_reference": 32.517915, "structural_low": 35.102, 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199829.0, "trend": 37.567493, "fair_value": 32.180803, "relative_strength": -2.810057, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.634482, "energy": 57.152063, "activity_lines": [ 39.22856, 39.11606, 38.570165, 38.098243 ] }, { "date": "2026-07-17", "close": 39.31, "volume": 133246, "typical_volume": 199962.2, "trend": 37.66179, "fair_value": 32.262947, "relative_strength": -1.834674, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.628982, "energy": 52.500191, "activity_lines": [ 39.284667, 39.166582, 38.701005, 38.210662 ] }, { "date": "2026-07-24", "close": 39.19, "volume": 94977, "typical_volume": 193992.95, "trend": 37.74179, "fair_value": 32.343082, "relative_strength": -1.492157, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.42104, "energy": 51.273441, "activity_lines": [ 39.275667, 39.184611, 38.809035, 38.309257 ] }, { "date": "2026-07-31", "close": 39.54, "volume": 133258, "typical_volume": 193606.4, "trend": 37.840457, "fair_value": 32.428281, "relative_strength": -1.601896, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.856618, "energy": 52.654386, "activity_lines": [ 39.385333, 39.259549, 38.937684, 38.42527 ] }, { "date": "2026-08-07", "close": 40.1997, "volume": 201929, "typical_volume": 199741.0, "trend": 37.950447, "fair_value": 32.517915, "relative_strength": -3.253626, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.842394, "energy": 57.144377, "activity_lines": [ 39.660567, 39.444433, 39.113352, 38.577479 ] } ], "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." } } }