{ "ticker": { "uuid": "463fcf4e-8c5e-4096-881f-54f75c2b5fa5", "symbol": "TDV", "name": "PROSHARES S&P TECHNOLOGY DIVIDEND ARISTOCRATS 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": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 54.697, "architecture_energy": 27.207, "architecture_maturity": 53.385, "architecture_confidence": 87.419, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 37.16, "rotation_up": 31.28, "upward_expansion": 54.94, "deceleration": 90.43, "rotation_down": 26.15, "downward_expansion": 18.61 }, "activity_lines": [ 100.138093, 100.161729, 99.641603, 97.265169 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 104.0047, "trend_reference": 94.420012, "distance_from_trend": 0.101511, "trend_direction": "Improving", "fair_value": 77.960149, "distance_from_fair_value": 0.334075, "fair_value_direction": "Improving", "relative_strength": 2.290118, "relative_strength_direction": "Improving", "price_momentum": 0.15263, "excess_performance": 0.027006, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.101511, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.051232, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.334075, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.016087, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.022901, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.001268, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.15263, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.316013, "read": "Demand-led" } ], "volume": { "latest": 52841, "relative_activity": 1.610864, "balance": 1.316013, "dry_up": 1.01786, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.04207, "annualized_volatility": 0.189337, "from_high_reference": -0.022614, "from_low_reference": 0.283765 }, "levels": { "trend_reference": 94.420012, "fair_value_reference": 77.960149, "structural_low": 81.66, "invalidation": "A 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"fair_value": 77.267359, "relative_strength": -0.273515, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.909765, "energy": 24.341676, "activity_lines": [ 99.574246, 100.525375, 98.475115, 96.038466 ] }, { "date": "2026-07-24", "close": 96.7811, "volume": 36114, "typical_volume": 33771.75, "trend": 93.548118, "fair_value": 77.469243, "relative_strength": -0.327748, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.460883, "energy": 22.58921, "activity_lines": [ 98.374893, 99.819153, 98.62016, 96.265671 ] }, { "date": "2026-07-31", "close": 98.99, "volume": 20435, "typical_volume": 32468.7, "trend": 93.954364, "fair_value": 77.696948, "relative_strength": 0.830836, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.700474, "energy": 19.778126, "activity_lines": [ 98.381173, 99.519737, 98.92578, 96.61676 ] }, { "date": "2026-08-07", "close": 104.0047, "volume": 52841, "typical_volume": 32802.9, "trend": 94.420012, "fair_value": 77.960149, "relative_strength": 2.290118, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.696818, "energy": 27.20671, "activity_lines": [ 100.138093, 100.161729, 99.641603, 97.265169 ] } ], "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." } } }