{ "ticker": { "uuid": "50a12389-4a81-41ce-8c2e-7bb6d5f2a757", "symbol": "BGT", "name": "BlackRock Floating Rate Income Trust", "exchange": "NYSE", "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": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 83.94, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Emerging rotation", "architecture_gate": "mixed", "architecture_direction": 42.745, "architecture_energy": 57.488, "architecture_maturity": 3.985, "architecture_confidence": 57.708, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 42.29, "rotation_up": 65.9, "upward_expansion": 56.13, "deceleration": 27.68, "rotation_down": 16.69, "downward_expansion": 19.13 }, "activity_lines": [ 10.791389, 10.683386, 10.6569, 10.625712 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 10.89, "trend_reference": 10.626283, "distance_from_trend": 0.024817, "trend_direction": "Improving", "fair_value": 10.290088, "distance_from_fair_value": 0.0583, "fair_value_direction": "Weakening", "relative_strength": -9.511445, "relative_strength_direction": "Improving", "price_momentum": 0.014523, "excess_performance": -0.111102, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.024817, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.00275, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.0583, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.005201, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.095114, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.024907, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.014523, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.024805, "read": "Demand-led" } ], "volume": { "latest": 692121, "relative_activity": 1.232684, "balance": 2.024805, "dry_up": 1.189702, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.016755, "annualized_volatility": 0.10987, "from_high_reference": -0.036071, "from_low_reference": 0.101427 }, "levels": { "trend_reference": 10.626283, "fair_value_reference": 10.290088, "structural_low": 9.887174, "invalidation": "A 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568238.6, "trend": 10.615161, "fair_value": 10.259872, "relative_strength": -7.036829, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 20.600131, "energy": 15.33793, "activity_lines": [ 10.628536, 10.587316, 10.603151, 10.594666 ] }, { "date": "2026-07-31", "close": 10.83, "volume": 572689, "typical_volume": 559982.9, "trend": 10.623625, "fair_value": 10.274651, "relative_strength": -7.262725, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 36.655153, "energy": 37.61504, "activity_lines": [ 10.714205, 10.630903, 10.628446, 10.608527 ] }, { "date": "2026-08-07", "close": 10.89, "volume": 692121, "typical_volume": 561474.65, "trend": 10.626283, "fair_value": 10.290088, "relative_strength": -9.511445, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 42.744994, "energy": 57.488239, "activity_lines": [ 10.791389, 10.683386, 10.6569, 10.625712 ] } ], "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." } } }