{ "ticker": { "uuid": "4fea42dc-f312-4875-ba49-ce24d05b5138", "symbol": "XBI", "name": "STATE STREET SPDR S&P BIOTECH 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": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 69.506, "architecture_energy": 48.552, "architecture_maturity": 85.941, "architecture_confidence": 62.233, "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": 15.71, "rotation_up": 47.98, "upward_expansion": 73.77, "deceleration": 71.31, "rotation_down": 26.39, "downward_expansion": 11.77 }, "activity_lines": [ 152.925333, 152.292471, 145.466987, 140.542368 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 157.37, "trend_reference": 134.792479, "distance_from_trend": 0.167498, "trend_direction": "Improving", "fair_value": 99.562498, "distance_from_fair_value": 0.580615, "fair_value_direction": "Improving", "relative_strength": 13.957482, "relative_strength_direction": "Improving", "price_momentum": 0.253844, "excess_performance": 0.128219, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.167498, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.076028, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.580615, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.155921, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.139575, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.027583, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.253844, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.166184, "read": "Demand-led" } ], "volume": { "latest": 40709948, "relative_activity": 0.939038, "balance": 1.166184, "dry_up": 0.952892, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.059028, "annualized_volatility": 0.289636, "from_high_reference": -0.050329, "from_low_reference": 0.862061 }, "levels": { "trend_reference": 134.792479, "fair_value_reference": 99.562498, "structural_low": 118.1901, 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131.997146, "fair_value": 98.208433, "relative_strength": 18.650651, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.608003, "energy": 87.191502, "activity_lines": [ 156.009793, 148.628387, 141.253717, 136.908891 ] }, { "date": "2026-07-24", "close": 150.48, "volume": 35892019, "typical_volume": 44115788.4, "trend": 132.847146, "fair_value": 98.6386, "relative_strength": 15.598809, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.281165, "energy": 80.713226, "activity_lines": [ 154.855333, 149.977638, 142.6736, 138.101333 ] }, { "date": "2026-07-31", "close": 147.01, "volume": 42069815, "typical_volume": 43641988.15, "trend": 133.696812, "fair_value": 99.063039, "relative_strength": 11.011344, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.590766, "energy": 51.074693, "activity_lines": [ 151.884667, 150.333914, 143.636913, 139.015065 ] }, { "date": "2026-08-07", "close": 157.37, "volume": 40709948, "typical_volume": 43352821.7, "trend": 134.792479, "fair_value": 99.562498, "relative_strength": 13.957482, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.50561, "energy": 48.551868, "activity_lines": [ 152.925333, 152.292471, 145.466987, 140.542368 ] } ], "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." } } }