{ "ticker": { "uuid": "7e13db23-88e7-4b90-acde-1d2ba3cb7423", "symbol": "LQDB", "name": "ISHARES TRUST BBB RATED CORPORATE BD 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": 72.916, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -62.187, "architecture_energy": 69.824, "architecture_maturity": 4.639, "architecture_confidence": 77.872, "architecture_tenure": "New", "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": 23.97, "rotation_up": 8.75, "upward_expansion": 15.62, "deceleration": 37.08, "rotation_down": 74.53, "downward_expansion": 91.28 }, "activity_lines": [ 84.734125, 85.101938, 85.366245, 85.458274 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 84.93, "trend_reference": 85.613545, "distance_from_trend": -0.007984, "trend_direction": "Improving", "fair_value": 80.635249, "distance_from_fair_value": 0.053261, "fair_value_direction": "Weakening", "relative_strength": -11.456077, "relative_strength_direction": "Weakening", "price_momentum": -0.014722, "excess_performance": -0.140347, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.007984, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.000174, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.053261, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.025968, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.114561, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.016938, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.014722, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 2.399108, "read": "Demand-led" } ], "volume": { "latest": 7000, "relative_activity": 0.330361, "balance": 2.399108, "dry_up": 0.504083, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.007961, "annualized_volatility": 0.047539, "from_high_reference": -0.021651, "from_low_reference": 0.019124 }, "levels": { "trend_reference": 85.613545, "fair_value_reference": 80.635249, "structural_low": 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80.342259, "relative_strength": -10.259193, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -44.003646, "energy": 17.475368, "activity_lines": [ 85.687272, 85.712155, 85.666917, 85.703636 ] }, { "date": "2026-07-17", "close": 85.192159, "volume": 12969, "typical_volume": 24388.5, "trend": 85.715719, "fair_value": 80.414831, "relative_strength": -8.483544, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -51.614136, "energy": 29.630591, "activity_lines": [ 85.473663, 85.622798, 85.625386, 85.669603 ] }, { "date": "2026-07-24", "close": 84.40137, "volume": 14860, "typical_volume": 21275.85, "trend": 85.673484, "fair_value": 80.483528, "relative_strength": -8.557632, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -72.713053, "energy": 60.382602, "activity_lines": [ 85.049711, 85.402946, 85.515851, 85.584806 ] }, { "date": "2026-07-31", "close": 84.422183, "volume": 7895, "typical_volume": 21011.65, "trend": 85.639947, "fair_value": 80.556291, "relative_strength": -9.209977, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.113819, "energy": 73.689109, "activity_lines": [ 84.743903, 85.198523, 85.416222, 85.504077 ] }, { "date": "2026-08-07", "close": 84.93, "volume": 7000, "typical_volume": 21188.95, "trend": 85.613545, "fair_value": 80.635249, "relative_strength": -11.456077, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.187132, "energy": 69.823862, "activity_lines": [ 84.734125, 85.101938, 85.366245, 85.458274 ] } ], "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." } } }