{
  "ticker": {
    "uuid": "8288d7d8-371b-43f4-a53a-86402add275e",
    "symbol": "ULVM",
    "name": "VICTORYSHARES US VALUE MOMENTUM ETF FORMERLY VICTORYSHARES USAA MSCI USA VALUE MOMENTUM 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": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 81.66,
    "architecture_energy": 72.021,
    "architecture_maturity": 44.273,
    "architecture_confidence": 75.514,
    "architecture_tenure": "Established",
    "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": 2.25,
        "rotation_up": 73.41,
        "upward_expansion": 90.0,
        "deceleration": 53.86,
        "rotation_down": 20.94,
        "downward_expansion": 12.0
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      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 1.0
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    "latest_close": 109.6397,
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    "distance_from_trend": 0.086172,
    "trend_direction": "Improving",
    "fair_value": 80.7606,
    "distance_from_fair_value": 0.357589,
    "fair_value_direction": "Improving",
    "relative_strength": 0.198969,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.120241,
    "excess_performance": -0.067213,
    "evidence": [
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        "label": "Price vs Trend",
        "positive": true,
        "value": 0.086172,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.05637,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.357589,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.040386,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.00199,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.065735,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.120241,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.770472,
        "read": "Demand-led"
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    ],
    "volume": {
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      "relative_activity": 2.322444,
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      "dry_up": 1.887846,
      "accumulation_observations": 3,
      "distribution_observations": 2
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    "risk": {
      "range_context": 0.01618,
      "annualized_volatility": 0.099935,
      "from_high_reference": -0.00648,
      "from_low_reference": 0.303245
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      "fair_value_reference": 80.7606,
      "structural_low": 93.023858,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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      {
        "date": "2026-04-24",
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        "date": "2026-05-08",
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      },
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      },
      {
        "date": "2026-07-03",
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        "stage": 2,
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      },
      {
        "date": "2026-07-10",
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        "relative_strength": -2.363154,
        "stage": 2,
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      },
      {
        "date": "2026-07-17",
        "close": 107.620357,
        "volume": 16650,
        "typical_volume": 7162.65,
        "trend": 99.279224,
        "fair_value": 79.849258,
        "relative_strength": 2.519227,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "direction": 80.088098,
        "energy": 88.311213,
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        ]
      },
      {
        "date": "2026-07-24",
        "close": 108.608794,
        "volume": 7307,
        "typical_volume": 7382.55,
        "trend": 99.834922,
        "fair_value": 80.147825,
        "relative_strength": 5.036821,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 82.916963,
        "energy": 85.937536,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 108.561031,
        "volume": 20118,
        "typical_volume": 7711.55,
        "trend": 100.396578,
        "fair_value": 80.451239,
        "relative_strength": 4.321635,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 76.432007,
        "energy": 70.04454,
        "activity_lines": [
          108.031322,
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          104.934462,
          102.923445
        ]
      },
      {
        "date": "2026-08-07",
        "close": 109.6397,
        "volume": 19576,
        "typical_volume": 8429.05,
        "trend": 100.941342,
        "fair_value": 80.7606,
        "relative_strength": 0.198969,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 81.659993,
        "energy": 72.021102,
        "activity_lines": [
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      }
    ],
    "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."
    }
  }
}