{ "ticker": { "uuid": "5f49f202-0223-44a1-b592-8cd8d3515d1b", "symbol": "IBHH", "name": "ISHARES IBONDS 2028 TERM HIGH YIELD AND INCOME ETF", "exchange": "CBOE", "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": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 57.133, "architecture_energy": 28.394, "architecture_maturity": 41.813, "architecture_confidence": 56.982, "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": 37.98, "rotation_up": 42.64, "upward_expansion": 73.24, "deceleration": 63.67, "rotation_down": 25.48, "downward_expansion": 4.57 }, "activity_lines": [ 23.327095, 23.323521, 23.31347, 23.279309 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 23.385, "trend_reference": 23.240166, "distance_from_trend": 0.006232, "trend_direction": "Improving", "fair_value": 21.428885, "distance_from_fair_value": 0.091284, "fair_value_direction": "Weakening", "relative_strength": -9.721131, "relative_strength_direction": "Weakening", "price_momentum": 0.009877, "excess_performance": -0.115748, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.006232, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.005483, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.091284, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.018052, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.097211, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.005966, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.009877, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.785692, "read": "Demand-led" } ], "volume": { "latest": 1333348, "relative_activity": 2.398044, "balance": 1.785692, "dry_up": 1.180769, "accumulation_observations": 5, "distribution_observations": 1 }, "risk": { "range_context": 0.004985, "annualized_volatility": 0.022449, "from_high_reference": -0.002772, "from_low_reference": 0.041222 }, "levels": { "trend_reference": 23.240166, "fair_value_reference": 21.428885, "structural_low": 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"fair_value": 21.367925, "relative_strength": -6.621307, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 29.851808, "energy": 16.725437, "activity_lines": [ 23.288581, 23.308363, 23.294826, 23.262438 ] }, { "date": "2026-07-31", "close": 23.329123, "volume": 354737, "typical_volume": 500656.25, "trend": 23.231062, "fair_value": 21.398348, "relative_strength": -7.063976, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 35.655858, "energy": 17.121492, "activity_lines": [ 23.297022, 23.311383, 23.302249, 23.269378 ] }, { "date": "2026-08-07", "close": 23.385, "volume": 1333348, "typical_volume": 556014.9, "trend": 23.240166, "fair_value": 21.428885, "relative_strength": -9.721131, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.132789, "energy": 28.394227, "activity_lines": [ 23.327095, 23.323521, 23.31347, 23.279309 ] } ], "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." } } }