{ "ticker": { "uuid": "7eb30b5a-0c61-47ff-9478-94a7d1ea3bc2", "symbol": "KMLM", "name": "KRANESHARES MOUNT LUCAS MANAGED FUTURES INDEX STRATEGY 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": 2, "stage_name": "Advancing", "phase": "2c", "phase_label": "Stage 2C \u00b7 Late advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 56.279, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 37.443, "architecture_energy": 36.096, "architecture_maturity": 5.112, "architecture_confidence": 48.661, "architecture_tenure": "New", "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": 34.16, "rotation_up": 63.7, "upward_expansion": 68.41, "deceleration": 53.93, "rotation_down": 12.46, "downward_expansion": 14.08 }, "activity_lines": [ 28.881333, 28.520636, 28.526238, 28.365212 ], "activity_state": "Moderate", "activity_direction": "Stable", "rotation_direction": "Improving", "price_acceptance": 0.166667 }, "latest_close": 28.21, "trend_reference": 27.974193, "distance_from_trend": 0.008429, "trend_direction": "Improving", "fair_value": 27.167997, "distance_from_fair_value": 0.038354, "fair_value_direction": "Weakening", "relative_strength": -6.753239, "relative_strength_direction": "Weakening", "price_momentum": 0.059503, "excess_performance": -0.066122, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.008429, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.033283, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.038354, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.033836, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.067532, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.059876, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.059503, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.010432, "read": "Demand-led" } ], "volume": { "latest": 1471733, "relative_activity": 1.105031, "balance": 1.010432, "dry_up": 1.358831, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.029244, "annualized_volatility": 0.130918, "from_high_reference": -0.064965, "from_low_reference": 0.138541 }, "levels": { "trend_reference": 27.974193, "fair_value_reference": 27.167997, "structural_low": 26.37, 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28.086545, 28.281334, 27.993765 ] }, { "date": "2026-07-10", "close": 28.1, "volume": 1021189, "typical_volume": 1210849.65, "trend": 27.575166, "fair_value": 27.167706, "relative_strength": -5.204553, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.148849, "energy": 19.230526, "activity_lines": [ 27.718667, 28.016636, 28.275786, 28.032918 ] }, { "date": "2026-07-17", "close": 28.985, "volume": 899097, "typical_volume": 1230207.6, "trend": 27.682093, "fair_value": 27.167392, "relative_strength": -0.587954, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.816083, "energy": 19.015042, "activity_lines": [ 28.131667, 28.13, 28.347667, 28.123875 ] }, { "date": "2026-07-24", "close": 29.62, "volume": 2444496, "typical_volume": 1319842.85, "trend": 27.805093, "fair_value": 27.17254, "relative_strength": 2.229079, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.613419, "energy": 36.197255, "activity_lines": [ 28.698, 28.362364, 28.470857, 28.248901 ] }, { "date": "2026-07-31", "close": 29.31, "volume": 2423697, "typical_volume": 1300639.85, "trend": 27.912093, "fair_value": 27.174551, "relative_strength": 0.116832, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.839306, "energy": 51.355636, "activity_lines": [ 29.041, 28.542364, 28.554333, 28.345992 ] }, { "date": "2026-08-07", "close": 28.21, "volume": 1471733, "typical_volume": 1331847.2, "trend": 27.974193, "fair_value": 27.167997, "relative_strength": -6.753239, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.442727, "energy": 36.096188, "activity_lines": [ 28.881333, 28.520636, 28.526238, 28.365212 ] } ], "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." } } }