{ "ticker": { "uuid": "80e1319f-ad9f-4eda-8292-62fe28c02ea1", "symbol": "KNO", "name": "AXS KNOWLEDGE LEADERS 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": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 73.665, "architecture_energy": 47.702, "architecture_maturity": 58.525, "architecture_confidence": 88.957, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 29.86, "rotation_up": 41.57, "upward_expansion": 71.59, "deceleration": 93.89, "rotation_down": 29.08, "downward_expansion": 11.92 }, "activity_lines": [ 62.820167, 62.774553, 61.573848, 59.939404 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 64.6351, "trend_reference": 58.039337, "distance_from_trend": 0.113643, "trend_direction": "Improving", "fair_value": 49.766924, "distance_from_fair_value": 0.298756, "fair_value_direction": "Improving", "relative_strength": 5.361851, "relative_strength_direction": "Improving", "price_momentum": 0.169735, "excess_performance": 0.04411, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.113643, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.071959, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.298756, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.065902, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.053619, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.025615, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.169735, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.639683, "read": "Demand-led" } ], "volume": { "latest": 3348, "relative_activity": 1.422139, "balance": 1.639683, "dry_up": 0.85528, "accumulation_observations": 5, "distribution_observations": 3 }, "risk": { "range_context": 0.03275, "annualized_volatility": 0.204003, "from_high_reference": -0.007551, "from_low_reference": 0.334056 }, "levels": { "trend_reference": 58.039337, "fair_value_reference": 49.766924, "structural_low": 50.6601, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 2, "median_return": 0.076856, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.008309, "regime_survival": 0.5, "best_return": 0.08299, "worst_return": 0.070721, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 1, "median_return": 0.251591, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.098997, "regime_survival": 0.0, "best_return": 0.251591, "worst_return": 0.251591, "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, 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"activity_lines": [ 62.498907, 62.432409, 60.3791, 58.873366 ] }, { "date": "2026-07-24", "close": 61.242, "volume": 2829, "typical_volume": 2736.6, "trend": 57.303603, "fair_value": 49.503186, "relative_strength": 4.734774, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.447178, "energy": 36.485614, "activity_lines": [ 61.910493, 62.304415, 60.666026, 59.148407 ] }, { "date": "2026-07-31", "close": 62.5912, "volume": 1326, "typical_volume": 2304.55, "trend": 57.662247, "fair_value": 49.626658, "relative_strength": 5.743098, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.102446, "energy": 33.525613, "activity_lines": [ 61.971533, 62.382076, 61.045451, 59.489542 ] }, { "date": "2026-08-07", "close": 64.6351, "volume": 3348, "typical_volume": 2354.2, "trend": 58.039337, "fair_value": 49.766924, "relative_strength": 5.361851, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 73.665057, "energy": 47.701915, "activity_lines": [ 62.820167, 62.774553, 61.573848, 59.939404 ] } ], "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." } } }