{ "ticker": { "uuid": "6f1fbf07-82c1-4304-a17c-91c13c97ca82", "symbol": "NVBW", "name": "ALLIANZIM U.S. EQUITY BUFFER20 NOV ETF", "exchange": "CBOE", "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": 48.206, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 88.765, "architecture_energy": 82.521, "architecture_maturity": 41.578, "architecture_confidence": 78.557, "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": 7.14, "rotation_up": 67.34, "upward_expansion": 92.41, "deceleration": 46.87, "rotation_down": 24.88, "downward_expansion": 16.74 }, "activity_lines": [ 35.906867, 35.753085, 35.506808, 35.133256 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": 0.833333 }, "latest_close": 36.235, "trend_reference": 34.70512, "distance_from_trend": 0.044082, "trend_direction": "Improving", "fair_value": 31.295271, "distance_from_fair_value": 0.157843, "fair_value_direction": "Improving", "relative_strength": -5.445368, "relative_strength_direction": "Improving", "price_momentum": 0.061365, "excess_performance": -0.06426, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.044082, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.019301, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.157843, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.008963, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.054454, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.005589, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.061365, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.236936, "read": "Demand-led" } ], "volume": { "latest": 7404, "relative_activity": 0.333709, "balance": 1.236936, "dry_up": 0.406082, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.008168, "annualized_volatility": 0.059748, "from_high_reference": 0.0, "from_low_reference": 0.110141 }, "levels": { "trend_reference": 34.70512, "fair_value_reference": 31.295271, "structural_low": 32.8327, 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"date": "2026-06-26", "close": 35.29, "volume": 66651, "typical_volume": 25361.05, "trend": 34.318217, "fair_value": 30.996267, "relative_strength": -3.332735, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.038236, "energy": 57.413641, "activity_lines": [ 35.404627, 35.361807, 34.894317, 34.622678 ] }, { "date": "2026-07-03", "close": 35.58, "volume": 5009, "typical_volume": 25160.45, "trend": 34.378217, "fair_value": 31.04651, "relative_strength": -4.439245, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.470297, "energy": 61.181027, "activity_lines": [ 35.45548, 35.41864, 34.996911, 34.704083 ] }, { "date": "2026-07-10", "close": 35.82, "volume": 5907, "typical_volume": 25084.4, "trend": 34.449467, "fair_value": 31.096406, "relative_strength": -4.908009, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.303013, "energy": 77.867021, "activity_lines": [ 35.585667, 35.504473, 35.114271, 34.797101 ] }, { "date": "2026-07-17", "close": 35.6748, "volume": 1666, "typical_volume": 24236.45, "trend": 34.513627, "fair_value": 31.144783, "relative_strength": -3.650057, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.578326, "energy": 80.244387, "activity_lines": [ 35.635267, 35.547851, 35.209462, 34.876155 ] }, { "date": "2026-07-24", "close": 35.61, "volume": 3970, "typical_volume": 23157.25, "trend": 34.568127, "fair_value": 31.192094, "relative_strength": -3.123879, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.31625, "energy": 79.40141, "activity_lines": [ 35.643947, 35.570724, 35.290792, 34.946889 ] }, { "date": "2026-07-31", "close": 35.8571, "volume": 22999, "typical_volume": 23460.5, "trend": 34.635287, "fair_value": 31.242453, "relative_strength": -3.334336, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.526767, "energy": 80.443608, "activity_lines": [ 35.731327, 35.631796, 35.386501, 35.030048 ] }, { "date": "2026-08-07", "close": 36.235, "volume": 7404, "typical_volume": 22187.0, "trend": 34.70512, "fair_value": 31.295271, "relative_strength": -5.445368, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.764736, "energy": 82.52109, "activity_lines": [ 35.906867, 35.753085, 35.506808, 35.133256 ] } ], "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." } } }