{ "ticker": { "uuid": "7fea0f0f-0c0c-4bc9-82e1-74e0e412d2af", "symbol": "TCAF", "name": "T ROWE PRICE EXCHANGE TRD FDS INC CAPITAL APPRECIATION EQUITY 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": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 89.819, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 85.025, "architecture_energy": 65.482, "architecture_maturity": 35.668, "architecture_confidence": 81.213, "architecture_tenure": "Developing", "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": 9.96, "rotation_up": 62.36, "upward_expansion": 83.75, "deceleration": 56.87, "rotation_down": 23.39, "downward_expansion": 10.42 }, "activity_lines": [ 41.786667, 41.408545, 40.782619, 39.946151 ], "activity_state": "Wide", "activity_direction": "Stable", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 42.85, "trend_reference": 39.064333, "distance_from_trend": 0.096909, "trend_direction": "Improving", "fair_value": 33.306903, "distance_from_fair_value": 0.28652, "fair_value_direction": "Improving", "relative_strength": -0.710004, "relative_strength_direction": "Improving", "price_momentum": 0.139931, "excess_performance": 0.014306, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.096909, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.025032, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.28652, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.038678, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.0071, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.026683, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.139931, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.714551, "read": "Demand-led" } ], "volume": { "latest": 2748573, "relative_activity": 0.791038, "balance": 1.714551, "dry_up": 0.795039, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.022483, "annualized_volatility": 0.149884, "from_high_reference": -0.004414, "from_low_reference": 0.244554 }, "levels": { "trend_reference": 39.064333, "fair_value_reference": 33.306903, "structural_low": 34.43, "invalidation": 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39.692882 ] }, { "date": "2026-08-07", "close": 42.85, "volume": 2748573, "typical_volume": 3474641.35, "trend": 39.064333, "fair_value": 33.306903, "relative_strength": -0.710004, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.025315, "energy": 65.482215, "activity_lines": [ 41.786667, 41.408545, 40.782619, 39.946151 ] } ], "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." } } }