{ "ticker": { "uuid": "58050efe-46a8-455e-8f2b-d958f8447609", "symbol": "IHE", "name": "ISHARES TRUST U.S. PHARMACEUTICALS 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": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 70.521, "architecture_energy": 62.045, "architecture_maturity": 37.139, "architecture_confidence": 83.647, "architecture_tenure": "Developing", "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": 4.33, "rotation_up": 71.07, "upward_expansion": 88.36, "deceleration": 55.9, "rotation_down": 17.92, "downward_expansion": 10.36 }, "activity_lines": [ 101.888, 100.474822, 96.508505, 93.994189 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 102.47, "trend_reference": 91.260433, "distance_from_trend": 0.122831, "trend_direction": "Improving", "fair_value": 70.856958, "distance_from_fair_value": 0.446153, "fair_value_direction": "Improving", "relative_strength": 7.845465, "relative_strength_direction": "Improving", "price_momentum": 0.141225, "excess_performance": 0.0156, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.122831, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.063023, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.446153, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.155111, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.078455, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.068926, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.141225, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.75888, "read": "Demand-led" } ], "volume": { "latest": 1608422, "relative_activity": 1.846396, "balance": 1.75888, "dry_up": 1.681944, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.040543, "annualized_volatility": 0.177694, "from_high_reference": -0.024281, "from_low_reference": 0.574786 }, "levels": { "trend_reference": 91.260433, "fair_value_reference": 70.856958, "structural_low": 83.21716, 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"typical_volume": 663872.15, "trend": 89.518921, "fair_value": 70.019539, "relative_strength": 12.064745, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.331599, "energy": 87.718792, "activity_lines": [ 99.977333, 97.326872, 93.45097, 91.657494 ] }, { "date": "2026-07-24", "close": 102.38, "volume": 2147608, "typical_volume": 748271.5, "trend": 90.078053, "fair_value": 70.301784, "relative_strength": 13.805025, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.444786, "energy": 87.531424, "activity_lines": [ 101.210667, 98.659215, 94.564649, 92.487241 ] }, { "date": "2026-07-31", "close": 101.62, "volume": 1378746, "typical_volume": 803577.25, "trend": 90.654248, "fair_value": 70.586842, "relative_strength": 11.220233, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.613505, "energy": 71.970227, "activity_lines": [ 101.490667, 99.584175, 95.533264, 93.231883 ] }, { "date": "2026-08-07", "close": 102.47, "volume": 1608422, "typical_volume": 871114.1, "trend": 91.260433, "fair_value": 70.856958, "relative_strength": 7.845465, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.520528, "energy": 62.04512, "activity_lines": [ 101.888, 100.474822, 96.508505, 93.994189 ] } ], "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." } } }