{ "ticker": { "uuid": "5416fea8-8851-45c9-91f9-44b4b0b74879", "symbol": "CPER", "name": "United States Copper Index Fund", "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": 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": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 64.545, "architecture_energy": 49.916, "architecture_maturity": 8.293, "architecture_confidence": 83.832, "architecture_tenure": "New", "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": 30.35, "rotation_up": 56.43, "upward_expansion": 79.4, "deceleration": 53.58, "rotation_down": 16.66, "downward_expansion": 8.4 }, "activity_lines": [ 39.108, 38.631818, 38.31419, 37.668409 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 39.9, "trend_reference": 36.990333, "distance_from_trend": 0.07866, "trend_direction": "Improving", "fair_value": 29.366644, "distance_from_fair_value": 0.358684, "fair_value_direction": "Weakening", "relative_strength": 3.327004, "relative_strength_direction": "Weakening", "price_momentum": 0.100993, "excess_performance": -0.024632, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.07866, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.049927, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.358684, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.002732, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.03327, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.010268, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.100993, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.745659, "read": "Supply-led" } ], "volume": { "latest": 3027667, "relative_activity": 0.97382, "balance": 0.745659, "dry_up": 0.749766, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.044428, "annualized_volatility": 0.210536, "from_high_reference": -0.025998, "from_low_reference": 0.457801 }, "levels": { "trend_reference": 36.990333, "fair_value_reference": 29.366644, "structural_low": 32.305, "invalidation": "A 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38.193091, 37.586476, 37.085183 ] }, { "date": "2026-07-17", "close": 37.92, "volume": 1910158, "typical_volume": 3512616.8, "trend": 36.628, "fair_value": 29.068503, "relative_strength": 2.580847, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.943611, "energy": 19.516449, "activity_lines": [ 37.796667, 38.118727, 37.68781, 37.177828 ] }, { "date": "2026-07-24", "close": 38.35, "volume": 2212041, "typical_volume": 3371634.3, "trend": 36.712667, "fair_value": 29.158375, "relative_strength": 4.557448, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.397638, "energy": 17.471054, "activity_lines": [ 37.954, 38.128909, 37.825143, 37.288925 ] }, { "date": "2026-07-31", "close": 39.56, "volume": 2174417, "typical_volume": 3311607.8, "trend": 36.865333, "fair_value": 29.258824, "relative_strength": 6.352276, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 61.393523, "energy": 34.163701, "activity_lines": [ 38.548667, 38.355273, 38.064762, 37.472624 ] }, { "date": "2026-08-07", "close": 39.9, "volume": 3027667, "typical_volume": 3109063.45, "trend": 36.990333, "fair_value": 29.366644, "relative_strength": 3.327004, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.545123, "energy": 49.915514, "activity_lines": [ 39.108, 38.631818, 38.31419, 37.668409 ] } ], "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." } } }