{ "ticker": { "uuid": "729fa7bf-e939-4724-9cd4-7bb3e1e26699", "symbol": "VEGA", "name": "ADVISORSHARES TRUST STAR GLOBAL BUY-WRITE 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": 50.968, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 74.575, "architecture_energy": 44.107, "architecture_maturity": 31.313, "architecture_confidence": 58.477, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 31.32, "rotation_up": 45.91, "upward_expansion": 76.61, "deceleration": 68.22, "rotation_down": 26.91, "downward_expansion": 5.61 }, "activity_lines": [ 52.417607, 52.305962, 52.048928, 51.49792 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 53.3171, "trend_reference": 50.905233, "distance_from_trend": 0.04738, "trend_direction": "Improving", "fair_value": 43.786511, "distance_from_fair_value": 0.21766, "fair_value_direction": "Weakening", "relative_strength": -4.526477, "relative_strength_direction": "Weakening", "price_momentum": 0.05954, "excess_performance": -0.066085, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.04738, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.021495, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.21766, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.008802, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.045265, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.00971, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.05954, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.789493, "read": "Demand-led" } ], "volume": { "latest": 41430, "relative_activity": 1.518497, "balance": 1.789493, "dry_up": 0.963117, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.016768, "annualized_volatility": 0.103847, "from_high_reference": -5.4e-05, "from_low_reference": 0.153814 }, "levels": { "trend_reference": 50.905233, "fair_value_reference": 43.786511, "structural_low": 47.16, "invalidation": "A decisive 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43.282979, "relative_strength": -3.238232, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.452325, "energy": 46.490892, "activity_lines": [ 52.17962, 52.117927, 51.3981, 50.952423 ] }, { "date": "2026-07-10", "close": 52.595, "volume": 16408, "typical_volume": 25501.35, "trend": 50.546724, "fair_value": 43.384363, "relative_strength": -3.952045, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.102393, "energy": 53.960662, "activity_lines": [ 52.345907, 52.225429, 51.574252, 51.091836 ] }, { "date": "2026-07-17", "close": 51.9418, "volume": 18336, "typical_volume": 25858.5, "trend": 50.637443, "fair_value": 43.482046, "relative_strength": -3.560307, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.825201, "energy": 41.271667, "activity_lines": [ 52.228127, 52.190033, 51.678533, 51.18184 ] }, { "date": "2026-07-24", "close": 51.68, "volume": 27908, "typical_volume": 26453.05, "trend": 50.703943, "fair_value": 43.575894, "relative_strength": -3.391323, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.496522, "energy": 32.241586, "activity_lines": [ 52.03148, 52.109073, 51.751341, 51.249102 ] }, { "date": "2026-07-31", "close": 52.04, "volume": 17435, "typical_volume": 25858.05, "trend": 50.796487, "fair_value": 43.676692, "relative_strength": -3.657966, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.772595, "energy": 27.598159, "activity_lines": [ 52.017693, 52.091715, 51.847387, 51.335299 ] }, { "date": "2026-08-07", "close": 53.3171, "volume": 41430, "typical_volume": 27283.55, "trend": 50.905233, "fair_value": 43.786511, "relative_strength": -4.526477, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 74.57478, "energy": 44.106634, "activity_lines": [ 52.417607, 52.305962, 52.048928, 51.49792 ] } ], "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." } } }