{ "ticker": { "uuid": "811f7118-eed8-4617-8700-45c58cb08960", "symbol": "FLRN", "name": "STATE STREET SPDR BLOOMBERG INVESTMENT GRADE FLOATING RATE 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": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 78.195, "architecture_energy": 68.491, "architecture_maturity": 100.0, "architecture_confidence": 79.094, "architecture_tenure": "Extended", "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": 21.03, "rotation_up": 59.84, "upward_expansion": 85.33, "deceleration": 58.19, "rotation_down": 26.49, "downward_expansion": 12.0 }, "activity_lines": [ 30.731974, 30.715252, 30.670794, 30.615126 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 30.76, "trend_reference": 30.534476, "distance_from_trend": 0.007386, "trend_direction": "Improving", "fair_value": 28.830812, "distance_from_fair_value": 0.066914, "fair_value_direction": "Weakening", "relative_strength": -9.59924, "relative_strength_direction": "Weakening", "price_momentum": 0.013132, "excess_performance": -0.112493, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.007386, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.006311, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.066914, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.006517, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.095992, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -9.8e-05, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.013132, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 5.730331, "read": "Demand-led" } ], "volume": { "latest": 12861388, "relative_activity": 2.160182, "balance": 5.730331, "dry_up": 1.358788, "accumulation_observations": 4, "distribution_observations": 1 }, "risk": { "range_context": 0.001623, "annualized_volatility": 0.008222, "from_high_reference": -0.000325, "from_low_reference": 0.037265 }, "levels": { "trend_reference": 30.534476, "fair_value_reference": 28.830812, "structural_low": 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-6.963431, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.358346, "energy": 60.61306, "activity_lines": [ 30.691294, 30.682194, 30.626997, 30.569047 ] }, { "date": "2026-07-24", "close": 30.711983, "volume": 6261059, "typical_volume": 5478611.6, "trend": 30.49976, "fair_value": 28.774923, "relative_strength": -6.133031, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.785931, "energy": 59.578022, "activity_lines": [ 30.696229, 30.690927, 30.640639, 30.583848 ] }, { "date": "2026-07-31", "close": 30.741877, "volume": 6994943, "typical_volume": 5492181.3, "trend": 30.517308, "fair_value": 28.802865, "relative_strength": -6.776603, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.664163, "energy": 67.574434, "activity_lines": [ 30.711318, 30.70266, 30.655738, 30.599469 ] }, { "date": "2026-08-07", "close": 30.76, "volume": 12861388, "typical_volume": 5953844.35, "trend": 30.534476, "fair_value": 28.830812, "relative_strength": -9.59924, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.195217, "energy": 68.491363, "activity_lines": [ 30.731974, 30.715252, 30.670794, 30.615126 ] } ], "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." } } }