{ "ticker": { "uuid": "79c10845-601f-4ebb-be41-01207d26e4cd", "symbol": "EVT", "name": "Eaton Vance Tax Advantaged Dividend Income Fund", "exchange": "NYSE", "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": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 86.485, "architecture_energy": 85.164, "architecture_maturity": 39.417, "architecture_confidence": 79.892, "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": 4.37, "rotation_up": 77.72, "upward_expansion": 94.39, "deceleration": 43.06, "rotation_down": 13.15, "downward_expansion": 18.72 }, "activity_lines": [ 28.099025, 27.637252, 27.011155, 26.471183 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 28.94, "trend_reference": 25.89219, "distance_from_trend": 0.117712, "trend_direction": "Improving", "fair_value": 21.49618, "distance_from_fair_value": 0.346286, "fair_value_direction": "Improving", "relative_strength": 4.353621, "relative_strength_direction": "Improving", "price_momentum": 0.132398, "excess_performance": 0.006773, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.117712, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.050032, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.346286, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.090771, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.043536, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.057923, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.132398, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.604077, "read": "Demand-led" } ], "volume": { "latest": 545130, "relative_activity": 1.126493, "balance": 1.604077, "dry_up": 0.966419, "accumulation_observations": 5, "distribution_observations": 2 }, "risk": { "range_context": 0.02898, "annualized_volatility": 0.138731, "from_high_reference": -0.005187, "from_low_reference": 0.315887 }, "levels": { "trend_reference": 25.89219, "fair_value_reference": 21.49618, "structural_low": 23.296985, "invalidation": 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"gate": "up", "direction": 64.384954, "energy": 61.454671, "activity_lines": [ 27.069219, 26.808342, 26.213305, 25.857546 ] }, { "date": "2026-07-17", "close": 27.1, "volume": 420226, "typical_volume": 489613.8, "trend": 25.50648, "fair_value": 21.304294, "relative_strength": 1.973184, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.091605, "energy": 64.409748, "activity_lines": [ 27.141711, 26.90001, 26.348832, 25.967689 ] }, { "date": "2026-07-24", "close": 27.61, "volume": 307616, "typical_volume": 479234.95, "trend": 25.626255, "fair_value": 21.362513, "relative_strength": 4.415531, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.99677, "energy": 70.775987, "activity_lines": [ 27.337304, 27.064488, 26.526119, 26.1034 ] }, { "date": "2026-07-31", "close": 28.14, "volume": 597698, "typical_volume": 482630.1, "trend": 25.753108, "fair_value": 21.42706, "relative_strength": 5.155491, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.858147, "energy": 73.21856, "activity_lines": [ 27.626921, 27.29353, 26.73972, 26.265577 ] }, { "date": "2026-08-07", "close": 28.94, "volume": 545130, "typical_volume": 483917.95, "trend": 25.89219, "fair_value": 21.49618, "relative_strength": 4.353621, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.484551, "energy": 85.164093, "activity_lines": [ 28.099025, 27.637252, 27.011155, 26.471183 ] } ], "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." } } }