{ "ticker": { "uuid": "4cea0f92-928f-48b6-8ccf-d3ae61be1ebd", "symbol": "IYY", "name": "ISHARES TRUST DOW JONES U.S. 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": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 95.033, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 81.98, "architecture_energy": 57.201, "architecture_maturity": 50.881, "architecture_confidence": 81.201, "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": 14.11, "rotation_up": 56.13, "upward_expansion": 81.59, "deceleration": 61.71, "rotation_down": 26.01, "downward_expansion": 8.26 }, "activity_lines": [ 183.745233, 182.585174, 180.643244, 177.017074 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 188.55, "trend_reference": 172.938872, "distance_from_trend": 0.09027, "trend_direction": "Improving", "fair_value": 141.81198, "distance_from_fair_value": 0.329577, "fair_value_direction": "Improving", "relative_strength": 0.031308, "relative_strength_direction": "Improving", "price_momentum": 0.126582, "excess_performance": 0.000958, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.09027, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.034314, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.329577, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.007685, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.000313, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.003842, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.126582, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.538779, "read": "Demand-led" } ], "volume": { "latest": 280996, "relative_activity": 2.164027, "balance": 3.538779, "dry_up": 1.333354, "accumulation_observations": 4, "distribution_observations": 1 }, "risk": { "range_context": 0.023571, "annualized_volatility": 0.140366, "from_high_reference": -0.002618, "from_low_reference": 0.232643 }, "levels": { "trend_reference": 172.938872, "fair_value_reference": 141.81198, "structural_low": 153.022699, 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"relative_strength": -0.035936, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.665557, "energy": 49.937721, "activity_lines": [ 181.722367, 181.307662, 178.055351, 174.754395 ] }, { "date": "2026-07-24", "close": 180.0, "volume": 60874, "typical_volume": 125728.35, "trend": 171.721237, "fair_value": 140.790067, "relative_strength": -0.078171, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.826325, "energy": 47.233243, "activity_lines": [ 181.2237, 181.125009, 178.677728, 175.316024 ] }, { "date": "2026-07-31", "close": 181.8, "volume": 279434, "typical_volume": 133524.0, "trend": 172.262501, "fair_value": 141.277901, "relative_strength": -0.164915, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.430153, "energy": 45.182139, "activity_lines": [ 181.473133, 181.25123, 179.390168, 175.966267 ] }, { "date": "2026-08-07", "close": 188.55, "volume": 280996, "typical_volume": 129848.65, "trend": 172.938872, "fair_value": 141.81198, "relative_strength": 0.031308, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.979935, "energy": 57.201367, "activity_lines": [ 183.745233, 182.585174, 180.643244, 177.017074 ] } ], "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." } } }