{ "ticker": { "uuid": "7298a5a2-f27e-4a63-a27c-07dc94fa847a", "symbol": "ETHT", "name": "PROSHARES ULTRA ETHER 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": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -41.392, "architecture_energy": 32.713, "architecture_maturity": 100.0, "architecture_confidence": 70.922, "architecture_tenure": "Extended", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 42.01, "rotation_up": 27.85, "upward_expansion": 22.31, "deceleration": 46.91, "rotation_down": 26.92, "downward_expansion": 56.31 }, "activity_lines": [ 10.20213, 9.613567, 11.032162, 12.402122 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.0 }, "latest_close": 10.6, "trend_reference": 15.500191, "distance_from_trend": -0.316137, "trend_direction": "Weakening", "fair_value": 60.605842, "distance_from_fair_value": -0.825099, "fair_value_direction": "Weakening", "relative_strength": -76.534377, "relative_strength_direction": "Weakening", "price_momentum": -0.327669, "excess_performance": -0.453294, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.316137, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.409847, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.825099, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.087032, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.765344, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.076799, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.327669, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.181214, "read": "Demand-led" } ], "volume": { "latest": 6596878, "relative_activity": 0.721318, "balance": 1.181214, "dry_up": 0.806077, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.196303, "annualized_volatility": 0.987491, "from_high_reference": -0.917656, "from_low_reference": 0.501337 }, "levels": { "trend_reference": 15.500191, "fair_value_reference": 60.605842, "structural_low": 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9.887664, 9.394451, 11.247935, 12.78029 ] }, { "date": "2026-08-07", "close": 10.6, "volume": 6596878, "typical_volume": 9145589.4, "trend": 15.500191, "fair_value": 60.605842, "relative_strength": -76.534377, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.392069, "energy": 32.712861, "activity_lines": [ 10.20213, 9.613567, 11.032162, 12.402122 ] } ], "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." } } }