{
  "ticker": {
    "uuid": "4fc21844-b698-4b1d-838c-5bfb47df91c0",
    "symbol": "TGRT",
    "name": "T ROWE PRICE EXCHANGE TRD FDS INC GROWTH 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": 3,
    "stage_name": "Distribution",
    "phase": "3b",
    "phase_label": "Stage 3B \u00b7 Distribution",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 63.634,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 66.191,
    "architecture_energy": 34.338,
    "architecture_maturity": 32.485,
    "architecture_confidence": 42.662,
    "architecture_tenure": "Developing",
    "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": 36.94,
        "rotation_up": 41.18,
        "upward_expansion": 67.7,
        "deceleration": 68.55,
        "rotation_down": 24.26,
        "downward_expansion": 8.03
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      "activity_lines": [
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
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    "latest_close": 47.1775,
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    "distance_from_trend": 0.080314,
    "trend_direction": "Improving",
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    "distance_from_fair_value": 0.276504,
    "fair_value_direction": "Weakening",
    "relative_strength": -3.636497,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.119808,
    "excess_performance": -0.005817,
    "evidence": [
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        "label": "Price vs Trend",
        "positive": true,
        "value": 0.080314,
        "read": "Above"
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      {
        "label": "Trend direction",
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        "value": 0.008579,
        "read": "Rising"
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      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.276504,
        "read": "Premium"
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      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.013293,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.036365,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.003577,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.119808,
        "read": "Positive"
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      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.542827,
        "read": "Supply-led"
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    ],
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      "dry_up": 0.809704,
      "accumulation_observations": 1,
      "distribution_observations": 1
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    "risk": {
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      "from_high_reference": -0.010643,
      "from_low_reference": 0.254721
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    "levels": {
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      "fair_value_reference": 36.958378,
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      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
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    "outcomes": [
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        "sample_count": 3,
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        "horizon": "Full cycle",
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      },
      {
        "date": "2026-08-07",
        "close": 47.1775,
        "volume": 801144,
        "typical_volume": 679626.5,
        "trend": 43.67016,
        "fair_value": 36.958378,
        "relative_strength": -3.636497,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 66.190794,
        "energy": 34.337627,
        "activity_lines": [
          45.626167,
          45.385302,
          45.286095,
          44.492719
        ]
      }
    ],
    "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."
    }
  }
}