{ "ticker": { "uuid": "80bbeb02-31df-4839-ad95-319e3f1d0f6b", "symbol": "TAX", "name": "CAMBRIA TAX AWARE ETF", "exchange": "NASDAQ", "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": "QQQ", "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": 77.578, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 81.454, "architecture_energy": 54.121, "architecture_maturity": 44.045, "architecture_confidence": 57.994, "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": 26.14, "rotation_up": 50.37, "upward_expansion": 78.85, "deceleration": 67.64, "rotation_down": 27.2, "downward_expansion": 7.85 }, "activity_lines": [ 31.11032, 30.997749, 30.592338, 30.030115 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 32.0444, "trend_reference": 29.488317, "distance_from_trend": 0.086681, "trend_direction": "Improving", "fair_value": 27.084119, "distance_from_fair_value": 0.183144, "fair_value_direction": "Improving", "relative_strength": -2.664823, "relative_strength_direction": "Improving", "price_momentum": 0.08976, "excess_performance": -0.097693, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.086681, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.028347, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.183144, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.039787, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.026648, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.059821, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.08976, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.414943, "read": "Supply-led" } ], "volume": { "latest": 4553, "relative_activity": 2.368578, "balance": 0.414943, "dry_up": 2.285343, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.023413, "annualized_volatility": 0.161476, "from_high_reference": 0.0, "from_low_reference": 0.219296 }, "levels": { "trend_reference": 29.488317, "fair_value_reference": 27.084119, "structural_low": 26.2977, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 1, "median_return": -0.020567, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": 0.010982, "regime_survival": 1.0, "best_return": -0.020567, "worst_return": -0.020567, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Extended", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-26", "end": "2026-08-07", "tenure": "Developing", "return": 0.030738, "active": true } ], "chart_path": [ { "date": "2024-12-20", "close": 24.485249, "volume": 40229, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-27", "close": 24.602181, "volume": 30257, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": 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"relative_strength": -4.43752, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.176727, "energy": 74.08026, "activity_lines": [ 30.919827, 30.617945, 29.852168, 29.478539 ] }, { "date": "2026-07-10", "close": 31.08, "volume": 789, "typical_volume": 1591.8, "trend": 29.211503, "fair_value": 26.895481, "relative_strength": -6.319464, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.88816, "energy": 71.737679, "activity_lines": [ 31.023113, 30.749156, 30.032074, 29.604295 ] }, { "date": "2026-07-17", "close": 30.6197, "volume": 572, "typical_volume": 1247.3, "trend": 29.275627, "fair_value": 26.940351, "relative_strength": -3.581783, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.250037, "energy": 64.516028, "activity_lines": [ 30.91992, 30.769724, 30.158189, 29.695147 ] }, { "date": "2026-07-24", "close": 30.4494, "volume": 12143, "typical_volume": 1788.05, "trend": 29.325887, "fair_value": 26.982125, "relative_strength": -2.449345, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.940773, "energy": 46.558571, "activity_lines": [ 30.76336, 30.752385, 30.259498, 29.770874 ] }, { "date": "2026-07-31", "close": 30.6913, "volume": 304, "typical_volume": 1739.0, "trend": 29.39158, "fair_value": 27.025763, "relative_strength": -2.102015, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.400234, "energy": 35.964655, "activity_lines": [ 30.698073, 30.759102, 30.370258, 29.858965 ] }, { "date": "2026-08-07", "close": 32.0444, "volume": 4553, "typical_volume": 1922.25, "trend": 29.488317, "fair_value": 27.084119, "relative_strength": -2.664823, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.453651, "energy": 54.121473, "activity_lines": [ 31.11032, 30.997749, 30.592338, 30.030115 ] } ], "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." } } }