{ "ticker": { "uuid": "7220073e-d7af-4001-8347-86418be8f6fd", "symbol": "SPMD", "name": "STATE STREET SPDR PORTFOLIO S&P 400 MID CAP 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": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 94.238, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 73.302, "architecture_energy": 48.885, "architecture_maturity": 52.923, "architecture_confidence": 65.537, "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": 24.74, "rotation_up": 49.69, "upward_expansion": 77.52, "deceleration": 65.77, "rotation_down": 25.79, "downward_expansion": 6.52 }, "activity_lines": [ 66.837333, 66.627228, 65.759195, 64.624201 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 68.17, "trend_reference": 63.352203, "distance_from_trend": 0.076048, "trend_direction": "Improving", "fair_value": 53.699965, "distance_from_fair_value": 0.269461, "fair_value_direction": "Improving", "relative_strength": 0.205512, "relative_strength_direction": "Improving", "price_momentum": 0.086668, "excess_performance": -0.038956, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.076048, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.047121, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.269461, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.021952, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.002055, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.004466, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.086668, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.968193, "read": "Supply-led" } ], "volume": { "latest": 7318443, "relative_activity": 0.806518, "balance": 0.968193, "dry_up": 0.758507, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.027147, "annualized_volatility": 0.137555, "from_high_reference": -0.001756, "from_low_reference": 0.263769 }, "levels": { "trend_reference": 63.352203, "fair_value_reference": 53.699965, "structural_low": 57.305, 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"upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.006969, "energy": 57.865415, "activity_lines": [ 66.501068, 65.959678, 64.576307, 63.602748 ] }, { "date": "2026-07-17", "close": 66.18, "volume": 7107894, "typical_volume": 11569603.0, "trend": 62.59692, "fair_value": 53.284264, "relative_strength": 1.290598, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.544204, "energy": 48.025128, "activity_lines": [ 66.392586, 66.094174, 64.86255, 63.850516 ] }, { "date": "2026-07-24", "close": 66.38, "volume": 6212117, "typical_volume": 10681449.3, "trend": 62.846085, "fair_value": 53.416658, "relative_strength": 2.169231, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.12759, "energy": 44.245062, "activity_lines": [ 66.37, 66.237654, 65.150477, 64.094585 ] }, { "date": "2026-07-31", "close": 65.98, "volume": 6892678, "typical_volume": 9869349.25, "trend": 63.094876, "fair_value": 53.550122, "relative_strength": 0.43691, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.013393, "energy": 34.711364, "activity_lines": [ 66.212667, 66.249118, 65.368321, 64.296773 ] }, { "date": "2026-08-07", "close": 68.17, "volume": 7318443, "typical_volume": 9074121.2, "trend": 63.352203, "fair_value": 53.699965, "relative_strength": 0.205512, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.302323, "energy": 48.885447, "activity_lines": [ 66.837333, 66.627228, 65.759195, 64.624201 ] } ], "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." } } }