{ "ticker": { "uuid": "763b47fd-e24a-4bd9-b13f-6ff46dcb3859", "symbol": "NLR", "name": "VANECK URANIUM AND NUCLEAR 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": "Early contraction", "architecture_gate": "down", "architecture_direction": -63.371, "architecture_energy": 53.134, "architecture_maturity": 22.496, "architecture_confidence": 89.314, "architecture_tenure": "Developing", "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": 8.87, "rotation_up": 18.17, "upward_expansion": 8.04, "deceleration": 48.15, "rotation_down": 64.27, "downward_expansion": 83.71 }, "activity_lines": [ 110.905333, 112.860182, 120.249381, 125.127677 ], "activity_state": "Moderate", "activity_direction": "Stable", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 117.82, "trend_reference": 131.819667, "distance_from_trend": -0.106203, "trend_direction": "Weakening", "fair_value": 96.571252, "distance_from_fair_value": 0.220032, "fair_value_direction": "Weakening", "relative_strength": -20.050819, "relative_strength_direction": "Weakening", "price_momentum": -0.174757, "excess_performance": -0.300381, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.106203, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.033361, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.220032, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.324506, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.200508, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.18874, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.174757, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.517698, "read": "Supply-led" } ], "volume": { "latest": 1760824, "relative_activity": 0.802469, "balance": 0.517698, "dry_up": 0.957736, "accumulation_observations": 1, "distribution_observations": 5 }, "risk": { "range_context": 0.087909, "annualized_volatility": 0.355756, "from_high_reference": -0.286847, "from_low_reference": 0.156005 }, "levels": { "trend_reference": 131.819667, "fair_value_reference": 96.571252, 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"relative_strength": -21.634646, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.419987, "energy": 70.151258, "activity_lines": [ 117.116667, 121.203455, 127.777048, 131.448063 ] }, { "date": "2026-07-17", "close": 104.2, "volume": 2655216, "typical_volume": 2258571.25, "trend": 134.067333, "fair_value": 95.526315, "relative_strength": -27.222042, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.541523, "energy": 83.608925, "activity_lines": [ 112.211333, 117.396182, 125.156048, 129.472 ] }, { "date": "2026-07-24", "close": 108.1, "volume": 2174606, "typical_volume": 2227626.25, "trend": 133.446667, "fair_value": 95.863221, "relative_strength": -23.740309, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.801368, "energy": 79.307968, "activity_lines": [ 109.789333, 114.964909, 123.116333, 127.796688 ] }, { "date": "2026-07-31", "close": 106.83, "volume": 1815434, "typical_volume": 2229030.2, "trend": 132.573, "fair_value": 96.18693, "relative_strength": -25.19231, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.254527, "energy": 76.686765, "activity_lines": [ 108.2, 112.695091, 121.088571, 126.079484 ] }, { "date": "2026-08-07", "close": 117.82, "volume": 1760824, "typical_volume": 2194258.3, "trend": 131.819667, "fair_value": 96.571252, "relative_strength": -20.050819, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.370526, "energy": 53.133955, "activity_lines": [ 110.905333, 112.860182, 120.249381, 125.127677 ] } ], "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." } } }