{ "ticker": { "uuid": "90f92377-c6ff-4144-86f2-206d88ff6933", "symbol": "GEM", "name": "GOLDMAN SACHS ETF TRUST ACTIVEBETA EMERGING MKTS EQUITY 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": 82.388, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 17.779, "architecture_energy": 15.949, "architecture_maturity": 54.351, "architecture_confidence": 86.938, "architecture_tenure": "New", "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": 56.69, "rotation_up": 21.93, "upward_expansion": 47.25, "deceleration": 84.66, "rotation_down": 35.56, "downward_expansion": 27.58 }, "activity_lines": [ 49.360667, 49.916545, 49.95449, 48.974897 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.166667 }, "latest_close": 50.3, "trend_reference": 47.741513, "distance_from_trend": 0.05359, "trend_direction": "Improving", "fair_value": 35.58678, "distance_from_fair_value": 0.413446, "fair_value_direction": "Weakening", "relative_strength": 0.975379, "relative_strength_direction": "Weakening", "price_momentum": 0.099093, "excess_performance": -0.026532, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.05359, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.067356, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.413446, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.108525, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.009754, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.110083, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.099093, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.672468, "read": "Demand-led" } ], "volume": { "latest": 565828, "relative_activity": 0.94864, "balance": 1.672468, "dry_up": 1.102845, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.055437, "annualized_volatility": 0.273719, "from_high_reference": -0.073494, "from_low_reference": 0.356895 }, "levels": { "trend_reference": 47.741513, "fair_value_reference": 35.58678, "structural_low": 41.4375, "invalidation": "A 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48.547972, "activity_lines": [ 51.755333, 51.106673, 49.179557, 47.949212 ] }, { "date": "2026-07-03", "close": 50.21, "volume": 459629, "typical_volume": 687791.95, "trend": 46.482532, "fair_value": 34.925808, "relative_strength": 5.701454, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.178759, "energy": 44.661592, "activity_lines": [ 51.313333, 51.054873, 49.4118, 48.209524 ] }, { "date": "2026-07-10", "close": 51.04, "volume": 452182, "typical_volume": 689876.05, "trend": 46.828641, "fair_value": 35.066919, "relative_strength": 5.724144, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.380412, "energy": 40.928638, "activity_lines": [ 51.266667, 51.117527, 49.7059, 48.503554 ] }, { "date": "2026-07-17", "close": 48.32, "volume": 786977, "typical_volume": 697031.35, "trend": 47.07618, "fair_value": 35.193609, "relative_strength": 1.490509, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 33.451824, "energy": 18.621355, "activity_lines": [ 50.182667, 50.638, 49.723905, 48.599771 ] }, { "date": "2026-07-24", "close": 48.37, "volume": 603225, "typical_volume": 648367.05, "trend": 47.297847, "fair_value": 35.314286, "relative_strength": 1.996821, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.866165, "energy": 19.028185, "activity_lines": [ 49.329333, 50.223091, 49.743195, 48.683243 ] }, { "date": "2026-07-31", "close": 49.03, "volume": 675192, "typical_volume": 627631.3, "trend": 47.511513, "fair_value": 35.444201, "relative_strength": 2.064539, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.604134, "energy": 17.91996, "activity_lines": [ 49.058667, 49.946545, 49.802438, 48.794995 ] }, { "date": "2026-08-07", "close": 50.3, "volume": 565828, "typical_volume": 596462.55, "trend": 47.741513, "fair_value": 35.58678, "relative_strength": 0.975379, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.779184, "energy": 15.949074, "activity_lines": [ 49.360667, 49.916545, 49.95449, 48.974897 ] } ], "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." } } }