{ "ticker": { "uuid": "600c4992-ce19-4bd3-888a-b3178bc2c1bc", "symbol": "SLVD", "name": "BetaPro Silver -2x Daily Bear ETF", "exchange": "TOR", "country": "CA", "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": "^GSPTSE", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 56.551, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 57.39, "architecture_energy": 41.919, "architecture_maturity": 10.316, "architecture_confidence": 61.302, "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": 30.78, "rotation_up": 53.79, "upward_expansion": 76.51, "deceleration": 63.58, "rotation_down": 18.1, "downward_expansion": 5.51 }, "activity_lines": [ 37.808667, 37.607818, 34.114238, 32.56815 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 32.82, "trend_reference": 31.267333, "distance_from_trend": 0.049658, "trend_direction": "Weakening", "fair_value": 440.861153, "distance_from_fair_value": -0.925555, "fair_value_direction": "Improving", "relative_strength": -68.488586, "relative_strength_direction": "Improving", "price_momentum": -0.025534, "excess_performance": -0.145956, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.049658, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.424954, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.925555, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.028334, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.684886, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.190825, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.025534, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 3.273723, "read": "Demand-led" } ], "volume": { "latest": 366200, "relative_activity": 0.721772, "balance": 3.273723, "dry_up": 0.775333, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.157995, "annualized_volatility": 0.98854, "from_high_reference": -0.88948, "from_low_reference": 0.783696 }, "levels": { "trend_reference": 31.267333, "fair_value_reference": 440.861153, "structural_low": 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39.619999, "volume": 373300, "typical_volume": 589610.75, "trend": 32.705667, "fair_value": 453.001858, "relative_strength": -65.354932, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 37.188044, "energy": 61.733444, "activity_lines": [ 39.769999, 37.157454, 33.241143, 32.039097 ] }, { "date": "2026-07-31", "close": 39.950001, "volume": 362700, "typical_volume": 557163.85, "trend": 31.864, "fair_value": 447.202564, "relative_strength": -62.684515, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 62.942532, "energy": 68.472327, "activity_lines": [ 39.978666, 38.159818, 34.047952, 32.506473 ] }, { "date": "2026-08-07", "close": 32.82, "volume": 366200, "typical_volume": 507362.6, "trend": 31.267333, "fair_value": 440.861153, "relative_strength": -68.488586, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.389624, "energy": 41.91875, "activity_lines": [ 37.808667, 37.607818, 34.114238, 32.56815 ] } ], "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." } } }