{ "ticker": { "uuid": "8b32937c-ab0d-41d3-bd40-d9ede73baf7f", "symbol": "SBIO", "name": "ALPS ETF TRUST MEDICAL BREAKTHROUGHS 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": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 76.846, "architecture_energy": 62.917, "architecture_maturity": 58.807, "architecture_confidence": 84.302, "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": 15.86, "rotation_up": 66.79, "upward_expansion": 83.41, "deceleration": 64.13, "rotation_down": 17.7, "downward_expansion": 10.08 }, "activity_lines": [ 65.3632, 63.911782, 60.157074, 57.869985 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 67.614, "trend_reference": 55.259017, "distance_from_trend": 0.223583, "trend_direction": "Improving", "fair_value": 37.930938, "distance_from_fair_value": 0.782555, "fair_value_direction": "Improving", "relative_strength": 20.529354, "relative_strength_direction": "Improving", "price_momentum": 0.326025, "excess_performance": 0.2004, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.223583, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.077977, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.782555, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.219397, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.205294, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.05177, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.326025, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.476524, "read": "Demand-led" } ], "volume": { "latest": 190371, "relative_activity": 1.069585, "balance": 1.476524, "dry_up": 1.07031, "accumulation_observations": 4, "distribution_observations": 1 }, "risk": { "range_context": 0.059996, "annualized_volatility": 0.339197, "from_high_reference": -0.024897, "from_low_reference": 1.081712 }, "levels": { "trend_reference": 55.259017, "fair_value_reference": 37.930938, "structural_low": 47.63, 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57.592295, 55.814556 ] }, { "date": "2026-07-24", "close": 63.77, "volume": 141489, "typical_volume": 172144.15, "trend": 54.277483, "fair_value": 37.469452, "relative_strength": 21.113828, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.550941, "energy": 87.173362, "activity_lines": [ 64.957333, 61.752545, 58.403812, 56.451858 ] }, { "date": "2026-07-31", "close": 63.362, "volume": 164182, "typical_volume": 175423.5, "trend": 54.71755, "fair_value": 37.684148, "relative_strength": 18.025974, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.199214, "energy": 75.763868, "activity_lines": [ 64.455333, 62.537091, 59.110233, 57.037956 ] }, { "date": "2026-08-07", "close": 67.614, "volume": 190371, "typical_volume": 177985.8, "trend": 55.259017, "fair_value": 37.930938, "relative_strength": 20.529354, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.845948, "energy": 62.916875, "activity_lines": [ 65.3632, 63.911782, 60.157074, 57.869985 ] } ], "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." } } }