{ "ticker": { "uuid": "65f296ef-379b-488f-b891-75369d78685c", "symbol": "PRCS", "name": "PARNASSUS CORE SELECT ETF", "exchange": "NYSE", "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": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 91.472, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 86.37, "architecture_energy": 63.028, "architecture_maturity": 23.48, "architecture_confidence": 74.179, "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": 9.46, "rotation_up": 66.5, "upward_expansion": 82.5, "deceleration": 56.44, "rotation_down": 18.87, "downward_expansion": 9.17 }, "activity_lines": [ 28.89188, 28.616258, 28.170404, 27.706178 ], "activity_state": "Wide", "activity_direction": "Stable", "rotation_direction": "Stable", "price_acceptance": 0.666667 }, "latest_close": 29.8322, "trend_reference": 27.281427, "distance_from_trend": 0.093499, "trend_direction": "Improving", "fair_value": 25.861982, "distance_from_fair_value": 0.153516, "fair_value_direction": "Improving", "relative_strength": -1.144016, "relative_strength_direction": "Improving", "price_momentum": 0.119617, "excess_performance": -0.006008, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.093499, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.020011, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.153516, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.062519, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.01144, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.044979, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.119617, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.42347, "read": "Demand-led" } ], "volume": { "latest": 85504, "relative_activity": 0.495893, "balance": 3.42347, "dry_up": 0.605577, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.024032, "annualized_volatility": 0.148511, "from_high_reference": -0.004176, "from_low_reference": 0.231718 }, "levels": { "trend_reference": 27.281427, "fair_value_reference": 25.861982, "structural_low": 24.22, "invalidation": "A 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"2026-07-17", "close": 28.42, "volume": 56996, "typical_volume": 207551.4, "trend": 27.122607, "fair_value": 25.756046, "relative_strength": -2.472547, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.034687, "energy": 76.287469, "activity_lines": [ 28.462387, 28.195824, 27.721916, 27.383622 ] }, { "date": "2026-07-24", "close": 27.9124, "volume": 97547, "typical_volume": 192936.45, "trend": 27.148687, "fair_value": 25.781415, "relative_strength": -3.471725, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.284243, "energy": 59.836712, "activity_lines": [ 28.304947, 28.180095, 27.795248, 27.434577 ] }, { "date": "2026-07-31", "close": 28.74, "volume": 177618, "typical_volume": 188390.0, "trend": 27.213687, "fair_value": 25.815817, "relative_strength": -1.542654, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.019097, "energy": 51.844962, "activity_lines": [ 28.438547, 28.308795, 27.938388, 27.537242 ] }, { "date": "2026-08-07", "close": 29.8322, "volume": 85504, "typical_volume": 172424.35, "trend": 27.281427, "fair_value": 25.861982, "relative_strength": -1.144016, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.369751, "energy": 63.028072, "activity_lines": [ 28.89188, 28.616258, 28.170404, 27.706178 ] } ], "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." } } }