{ "ticker": { "uuid": "64fe1c45-3c5d-4b27-8798-dae96d77b2fd", "symbol": "CEFS", "name": "SABA CLOSED-END FUNDS 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": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 75.59, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 40.7, "architecture_energy": 23.528, "architecture_maturity": 59.235, "architecture_confidence": 81.233, "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": 40.65, "rotation_up": 29.62, "upward_expansion": 58.06, "deceleration": 88.15, "rotation_down": 27.05, "downward_expansion": 19.4 }, "activity_lines": [ 25.012057, 25.114251, 24.952022, 24.475283 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 25.2, "trend_reference": 23.866912, "distance_from_trend": 0.055855, "trend_direction": "Improving", "fair_value": 19.538663, "distance_from_fair_value": 0.28975, "fair_value_direction": "Weakening", "relative_strength": -1.780549, "relative_strength_direction": "Weakening", "price_momentum": 0.111598, "excess_performance": -0.014026, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.055855, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.048392, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.28975, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.031675, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.017805, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.023934, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.111598, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.044105, "read": "Demand-led" } ], "volume": { "latest": 444195, "relative_activity": 1.060181, "balance": 1.044105, "dry_up": 1.089821, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.03145, "annualized_volatility": 0.122527, "from_high_reference": -0.024633, "from_low_reference": 0.204643 }, "levels": { "trend_reference": 23.866912, "fair_value_reference": 19.538663, "structural_low": 21.792915, "invalidation": "A 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24.12911 ] }, { "date": "2026-07-17", "close": 24.937152, "volume": 494117, "typical_volume": 446009.85, "trend": 23.58478, "fair_value": 19.3405, "relative_strength": 1.078498, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.351219, "energy": 43.093928, "activity_lines": [ 25.207629, 25.201919, 24.736515, 24.222412 ] }, { "date": "2026-07-24", "close": 24.957038, "volume": 387484, "typical_volume": 438603.3, "trend": 23.681177, "fair_value": 19.405147, "relative_strength": 1.72114, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.576649, "energy": 34.749506, "activity_lines": [ 25.098561, 25.171595, 24.818896, 24.310945 ] }, { "date": "2026-07-31", "close": 24.8, "volume": 500658, "typical_volume": 418402.05, "trend": 23.771585, "fair_value": 19.47095, "relative_strength": 0.018498, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.295081, "energy": 24.705902, "activity_lines": [ 24.980259, 25.108409, 24.873267, 24.383127 ] }, { "date": "2026-08-07", "close": 25.2, "volume": 444195, "typical_volume": 418980.25, "trend": 23.866912, "fair_value": 19.538663, "relative_strength": -1.780549, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.700353, "energy": 23.528271, "activity_lines": [ 25.012057, 25.114251, 24.952022, 24.475283 ] } ], "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." } } }