{ "ticker": { "uuid": "7095bb51-a8be-4ee4-be67-3a46c16e49af", "symbol": "PBJN", "name": "PGIM S&P 500 BUFFER 20 ETF - JUNE", "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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 67.433, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 78.917, "architecture_energy": 49.031, "architecture_maturity": 13.501, "architecture_confidence": 69.416, "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": 27.41, "rotation_up": 60.6, "upward_expansion": 78.8, "deceleration": 59.6, "rotation_down": 18.85, "downward_expansion": 5.46 }, "activity_lines": [ 30.999873, 30.893765, 30.817026, 30.658658 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Stable", "price_acceptance": 0.666667 }, "latest_close": 31.3898, "trend_reference": 30.45877, "distance_from_trend": 0.030567, "trend_direction": "Improving", "fair_value": 28.234904, "distance_from_fair_value": 0.111737, "fair_value_direction": "Improving", "relative_strength": -6.906176, "relative_strength_direction": "Weakening", "price_momentum": 0.042238, "excess_performance": -0.083387, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.030567, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.012195, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.111737, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.007289, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.069062, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.000171, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.042238, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.297096, "read": "Demand-led" } ], "volume": { "latest": 16274, "relative_activity": 0.222287, "balance": 1.297096, "dry_up": 0.331382, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.010855, "annualized_volatility": 0.05005, "from_high_reference": -0.005393, "from_low_reference": 0.087281 }, "levels": { "trend_reference": 30.45877, "fair_value_reference": 28.234904, "structural_low": 29.45, 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30.713419, 30.565638 ] }, { "date": "2026-07-31", "close": 30.85, "volume": 41046, "typical_volume": 72590.75, "trend": 30.414277, "fair_value": 28.206985, "relative_strength": -5.511967, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.835307, "energy": 35.046074, "activity_lines": [ 30.810387, 30.780842, 30.741815, 30.595721 ] }, { "date": "2026-08-07", "close": 31.3898, "volume": 16274, "typical_volume": 73211.6, "trend": 30.45877, "fair_value": 28.234904, "relative_strength": -6.906176, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.916866, "energy": 49.030996, "activity_lines": [ 30.999873, 30.893765, 30.817026, 30.658658 ] } ], "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." } } }