{ "ticker": { "uuid": "5fba27fa-4940-41b1-bc29-b1a2ff5f5d57", "symbol": "BSTZ", "name": "BlackRock Science and Technology Trust II", "exchange": "NYSE", "country": "US", "assetType": "equity" }, "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": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 47.668, "architecture_energy": 26.641, "architecture_maturity": 59.488, "architecture_confidence": 95.151, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 41.76, "rotation_up": 30.78, "upward_expansion": 55.25, "deceleration": 90.48, "rotation_down": 26.07, "downward_expansion": 18.92 }, "activity_lines": [ 28.975753, 29.031993, 28.642747, 27.309627 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 30.08, "trend_reference": 25.566157, "distance_from_trend": 0.176555, "trend_direction": "Improving", "fair_value": 18.036274, "distance_from_fair_value": 0.66775, "fair_value_direction": "Improving", "relative_strength": 14.756434, "relative_strength_direction": "Weakening", "price_momentum": 0.377104, "excess_performance": 0.251479, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.176555, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.116271, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.66775, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.010535, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.147564, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.039766, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.377104, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.710418, "read": "Demand-led" } ], "volume": { "latest": 957943, "relative_activity": 0.891372, "balance": 1.710418, "dry_up": 0.922579, "accumulation_observations": 2, "distribution_observations": 4 }, "risk": { "range_context": 0.079768, "annualized_volatility": 0.29706, "from_high_reference": -0.051191, "from_low_reference": 0.600752 }, "levels": { "trend_reference": 25.566157, "fair_value_reference": 18.036274, "structural_low": 20.204816, "invalidation": "A 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"start": "2025-05-30", "end": "2025-06-06", "tenure": "New", "return": 0.012384, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-13", "end": "2025-07-25", "tenure": "Developing", "return": 0.107031, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-01", "end": "2025-11-14", "tenure": "Established", "return": 0.05394, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-21", "end": "2025-12-05", "tenure": "New", "return": 0.082818, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-12", "end": "2026-01-30", "tenure": "Developing", "return": 0.028641, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-02-06", "end": "2026-02-20", "tenure": "New", "return": 0.036161, "active": false }, { "regime": 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"typical_volume": 1133410.5, "trend": 24.861355, "fair_value": 17.733431, "relative_strength": 10.84512, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.204495, "energy": 26.992176, "activity_lines": [ 28.682446, 29.090745, 27.955772, 26.538033 ] }, { "date": "2026-07-24", "close": 28.69, "volume": 796838, "typical_volume": 1112784.25, "trend": 25.085228, "fair_value": 17.831201, "relative_strength": 15.48282, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.65645, "energy": 25.330648, "activity_lines": [ 28.558957, 29.013591, 28.186218, 26.785042 ] }, { "date": "2026-07-31", "close": 28.43, "volume": 1117246, "typical_volume": 1063497.75, "trend": 25.293707, "fair_value": 17.927631, "relative_strength": 12.76053, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.950897, "energy": 21.013597, "activity_lines": [ 28.497288, 28.871669, 28.353586, 27.000834 ] }, { "date": "2026-08-07", "close": 30.08, "volume": 957943, "typical_volume": 1074683.9, "trend": 25.566157, "fair_value": 18.036274, "relative_strength": 14.756434, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.667967, "energy": 26.641123, "activity_lines": [ 28.975753, 29.031993, 28.642747, 27.309627 ] } ], "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." } } }