{
  "ticker": {
    "uuid": "8ca9aa58-c2fd-4d16-8647-a72897b584a2",
    "symbol": "VERS",
    "name": "PROSHARES TRUST METAVERSE 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": 19.716,
    "architecture_energy": 22.576,
    "architecture_maturity": 74.689,
    "architecture_confidence": 86.576,
    "architecture_tenure": "Developing",
    "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": 51.78,
        "rotation_up": 21.6,
        "upward_expansion": 48.94,
        "deceleration": 85.05,
        "rotation_down": 38.86,
        "downward_expansion": 29.27
      },
      "activity_lines": [
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.166667
    },
    "latest_close": 73.4468,
    "trend_reference": 65.512732,
    "distance_from_trend": 0.121107,
    "trend_direction": "Improving",
    "fair_value": 50.381488,
    "distance_from_fair_value": 0.457813,
    "fair_value_direction": "Weakening",
    "relative_strength": 3.558296,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.283044,
    "excess_performance": 0.157419,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.121107,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.061641,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.457813,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.106772,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.035583,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.102725,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.283044,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.898614,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 3271,
      "relative_activity": 1.758839,
      "balance": 0.898614,
      "dry_up": 0.863557,
      "accumulation_observations": 3,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.061651,
      "annualized_volatility": 0.32737,
      "from_high_reference": -0.135036,
      "from_low_reference": 0.452954
    },
    "levels": {
      "trend_reference": 65.512732,
      "fair_value_reference": 50.381488,
      "structural_low": 50.55,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 12,
        "median_return": 0.010133,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.00871,
        "regime_survival": 0.416667,
        "best_return": 0.105673,
        "worst_return": -0.097799,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": 0.056939,
        "positive_rate": 0.8,
        "directional_follow_through": 0.8,
        "median_excess_return": 0.013144,
        "regime_survival": 0.0,
        "best_return": 0.231013,
        "worst_return": -0.074284,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.20054,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.075946,
        "regime_survival": 0.4,
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        "worst_return": 0.054446,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
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        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.082294,
        "regime_survival": 0.5,
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        "worst_return": 0.254295,
        "sufficient": false
      }
    ],
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        "start": "2024-10-18",
        "end": "2025-03-07",
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      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-03-28",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "active": false
      },
      {
        "regime": "deceleration",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "tenure": "New",
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        "active": false
      },
      {
        "regime": "rotation_up",
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        "active": false
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        "regime": "upward_expansion",
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        "date": "2026-05-01",
        "close": 68.4978,
        "volume": 1896,
        "typical_volume": 1062.05,
        "trend": 59.877705,
        "fair_value": 47.109022,
        "relative_strength": 8.067845,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 51.796899,
        "energy": 58.56768,
        "activity_lines": [
          64.09164,
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          58.679575,
          59.131035
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      },
      {
        "date": "2026-05-08",
        "close": 74.1331,
        "volume": 3469,
        "typical_volume": 1181.55,
        "trend": 60.349272,
        "fair_value": 47.381954,
        "relative_strength": 13.830767,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 67.446493,
        "energy": 88.231729,
        "activity_lines": [
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          60.123243,
          60.050738
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      },
      {
        "date": "2026-05-15",
        "close": 73.3589,
        "volume": 3531,
        "typical_volume": 1286.55,
        "trend": 60.69312,
        "fair_value": 47.636437,
        "relative_strength": 12.03994,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 85.973617,
        "energy": 94.957028,
        "activity_lines": [
          70.844047,
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          61.430461,
          60.890069
        ]
      },
      {
        "date": "2026-05-22",
        "close": 78.7799,
        "volume": 2348,
        "typical_volume": 1378.35,
        "trend": 61.158994,
        "fair_value": 47.914425,
        "relative_strength": 18.709717,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 93.631935,
        "energy": 97.616708,
        "activity_lines": [
          74.14614,
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          63.199921,
          62.056958
        ]
      },
      {
        "date": "2026-05-29",
        "close": 80.8201,
        "volume": 3216,
        "typical_volume": 1521.1,
        "trend": 61.708934,
        "fair_value": 48.197651,
        "relative_strength": 19.46256,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 90.902009,
        "energy": 96.699277,
        "activity_lines": [
          77.07072,
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      },
      {
        "date": "2026-06-05",
        "close": 76.6689,
        "volume": 2008,
        "typical_volume": 1549.0,
        "trend": 62.20614,
        "fair_value": 48.446738,
        "relative_strength": 15.779229,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.425383,
        "energy": 86.813125,
        "activity_lines": [
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          64.290575
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      },
      {
        "date": "2026-06-12",
        "close": 76.467,
        "volume": 4615,
        "typical_volume": 1730.5,
        "trend": 62.754434,
        "fair_value": 48.688131,
        "relative_strength": 14.372471,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.803523,
        "energy": 67.413939,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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        "volume": 1612,
        "typical_volume": 1773.2,
        "trend": 63.436357,
        "fair_value": 48.952649,
        "relative_strength": 15.49983,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.504002,
        "energy": 66.703442,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
        "close": 72.4965,
        "volume": 1534,
        "typical_volume": 1781.6,
        "trend": 63.83137,
        "fair_value": 49.169649,
        "relative_strength": 9.320059,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 61.476103,
        "energy": 55.910345,
        "activity_lines": [
          75.936547,
          75.904751,
          70.028772,
          66.79498
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      },
      {
        "date": "2026-07-03",
        "close": 72.5536,
        "volume": 394,
        "typical_volume": 1746.4,
        "trend": 64.156462,
        "fair_value": 49.390897,
        "relative_strength": 6.84431,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 47.691227,
        "energy": 43.180055,
        "activity_lines": [
          74.474133,
          75.552024,
          70.746956,
          67.357704
        ]
      },
      {
        "date": "2026-07-10",
        "close": 73.7188,
        "volume": 610,
        "typical_volume": 1751.95,
        "trend": 64.558008,
        "fair_value": 49.602721,
        "relative_strength": 6.853442,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 43.455945,
        "energy": 35.248281,
        "activity_lines": [
          73.95122,
          75.282215,
          71.494366,
          67.974629
        ]
      },
      {
        "date": "2026-07-17",
        "close": 68.9709,
        "volume": 1008,
        "typical_volume": 1770.7,
        "trend": 64.824946,
        "fair_value": 49.791002,
        "relative_strength": 1.487793,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 35.647065,
        "energy": 29.607802,
        "activity_lines": [
          72.042347,
          74.054224,
          71.706188,
          68.259332
        ]
      },
      {
        "date": "2026-07-24",
        "close": 67.1004,
        "volume": 1152,
        "typical_volume": 1762.1,
        "trend": 64.994643,
        "fair_value": 49.963467,
        "relative_strength": -0.724961,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 20.369135,
        "energy": 24.770086,
        "activity_lines": [
          70.009713,
          72.58,
          71.678772,
          68.406135
        ]
      },
      {
        "date": "2026-07-31",
        "close": 68.0245,
        "volume": 993,
        "typical_volume": 1744.1,
        "trend": 65.17845,
        "fair_value": 50.147817,
        "relative_strength": -0.53713,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 6.833928,
        "energy": 20.246219,
        "activity_lines": [
          69.028533,
          71.387585,
          71.678178,
          68.60161
        ]
      },
      {
        "date": "2026-08-07",
        "close": 73.4468,
        "volume": 3271,
        "typical_volume": 1859.75,
        "trend": 65.512732,
        "fair_value": 50.381488,
        "relative_strength": 3.558296,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 19.715604,
        "energy": 22.575897,
        "activity_lines": [
          70.15292,
          71.376596,
          72.12826,
          69.135052
        ]
      }
    ],
    "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."
    }
  }
}