{ "ticker": { "uuid": "893813d7-7eb8-4b04-95e4-b63942c9120e", "symbol": "QLTY", "name": "2023 ETF SERIES TRUST II GMO US QUALITY 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": 94.052, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 84.902, "architecture_energy": 61.673, "architecture_maturity": 44.457, "architecture_confidence": 83.288, "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": 11.34, "rotation_up": 60.27, "upward_expansion": 82.59, "deceleration": 57.42, "rotation_down": 24.0, "downward_expansion": 9.25 }, "activity_lines": [ 42.005333, 41.689253, 41.154532, 40.399133 ], "activity_state": "Wide", "activity_direction": "Stable", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 43.15, "trend_reference": 39.652232, "distance_from_trend": 0.088211, "trend_direction": "Improving", "fair_value": 33.417263, "distance_from_fair_value": 0.291249, "fair_value_direction": "Improving", "relative_strength": 0.090833, "relative_strength_direction": "Improving", "price_momentum": 0.107692, "excess_performance": -0.017933, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.088211, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.028835, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.291249, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.054716, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.000908, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.016129, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.107692, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.608156, "read": "Demand-led" } ], "volume": { "latest": 1918218, "relative_activity": 0.710973, "balance": 1.608156, "dry_up": 0.730646, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.021944, "annualized_volatility": 0.147872, "from_high_reference": -0.000232, "from_low_reference": 0.271558 }, "levels": { "trend_reference": 39.652232, "fair_value_reference": 33.417263, "structural_low": 35.09132, 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"trend": 39.365508, "fair_value": 33.234418, "relative_strength": -0.322273, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.46938, "energy": 64.813622, "activity_lines": [ 41.44986, 41.268612, 40.527057, 39.914663 ] }, { "date": "2026-07-24", "close": 40.92, "volume": 1180902, "typical_volume": 2837617.9, "trend": 39.434196, "fair_value": 33.288926, "relative_strength": -0.559355, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.887114, "energy": 52.904608, "activity_lines": [ 41.308409, 41.235128, 40.657662, 40.014953 ] }, { "date": "2026-07-31", "close": 41.78, "volume": 2285623, "typical_volume": 2773148.1, "trend": 39.541013, "fair_value": 33.348722, "relative_strength": 0.376459, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.307683, "energy": 50.685494, "activity_lines": [ 41.462, 41.345228, 40.853112, 40.166295 ] }, { "date": "2026-08-07", "close": 43.15, "volume": 1918218, "typical_volume": 2698017.9, "trend": 39.652232, "fair_value": 33.417263, "relative_strength": 0.090833, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.901628, "energy": 61.672519, "activity_lines": [ 42.005333, 41.689253, 41.154532, 40.399133 ] } ], "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." } } }