{ "ticker": { "uuid": "72101d33-011b-455a-9c49-0ac6705a23ef", "symbol": "LGH", "name": "NORTHERN LIGHTS FUND TRUST III HCM DEFENDER 500 INDEX ETF", "exchange": "NYSEARCA", "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": 58.882, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 76.197, "architecture_energy": 50.098, "architecture_maturity": 24.116, "architecture_confidence": 82.958, "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": 34.59, "rotation_up": 57.05, "upward_expansion": 80.68, "deceleration": 53.33, "rotation_down": 20.27, "downward_expansion": 7.35 }, "activity_lines": [ 64.68732, 64.118787, 63.437604, 62.545985 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 66.9239, "trend_reference": 61.855517, "distance_from_trend": 0.081939, "trend_direction": "Improving", "fair_value": 51.70776, "distance_from_fair_value": 0.294272, "fair_value_direction": "Improving", "relative_strength": -2.540171, "relative_strength_direction": "Improving", "price_momentum": 0.071518, "excess_performance": -0.054107, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.081939, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.011065, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.294272, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.025164, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.025402, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.018889, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.071518, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.184733, "read": "Demand-led" } ], "volume": { "latest": 111652, "relative_activity": 0.886931, "balance": 2.184733, "dry_up": 0.885153, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.033821, "annualized_volatility": 0.158692, "from_high_reference": -0.004997, "from_low_reference": 0.195912 }, "levels": { "trend_reference": 61.855517, "fair_value_reference": 51.70776, "structural_low": 56.115, 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63.584262, 62.579477, 61.995525 ] }, { "date": "2026-07-24", "close": 62.7751, "volume": 100297, "typical_volume": 130993.9, "trend": 61.670177, "fair_value": 51.368411, "relative_strength": -4.466773, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.545803, "energy": 28.233742, "activity_lines": [ 63.420353, 63.437705, 62.714649, 62.066214 ] }, { "date": "2026-07-31", "close": 63.9171, "volume": 89123, "typical_volume": 127663.2, "trend": 61.734373, "fair_value": 51.527563, "relative_strength": -3.715653, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.475128, "energy": 32.411224, "activity_lines": [ 63.619273, 63.50542, 62.945415, 62.211177 ] }, { "date": "2026-08-07", "close": 66.9239, "volume": 111652, "typical_volume": 125885.8, "trend": 61.855517, "fair_value": 51.70776, "relative_strength": -2.540171, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.197371, "energy": 50.09845, "activity_lines": [ 64.68732, 64.118787, 63.437604, 62.545985 ] } ], "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." } } }