{ "ticker": { "uuid": "93a27801-7e50-4053-bf17-64155334b86c", "symbol": "TXUE", "name": "THORNBURG INTERNATIONAL EQUITY 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": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 83.902, "architecture_energy": 78.717, "architecture_maturity": 10.558, "architecture_confidence": 70.096, "architecture_tenure": "New", "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": 4.85, "rotation_up": 79.58, "upward_expansion": 94.55, "deceleration": 39.6, "rotation_down": 11.61, "downward_expansion": 16.55 }, "activity_lines": [ 35.769773, 35.260798, 34.797842, 34.367776 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 36.6687, "trend_reference": 33.890517, "distance_from_trend": 0.081975, "trend_direction": "Improving", "fair_value": 30.581346, "distance_from_fair_value": 0.199054, "fair_value_direction": "Improving", "relative_strength": -0.991168, "relative_strength_direction": "Improving", "price_momentum": 0.092631, "excess_performance": -0.094823, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.081975, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.040952, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.199054, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.044707, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.009912, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.066609, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.092631, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.225444, "read": "Demand-led" } ], "volume": { "latest": 119982, "relative_activity": 0.543465, "balance": 1.225444, "dry_up": 0.625792, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.027292, "annualized_volatility": 0.164938, "from_high_reference": -0.001941, "from_low_reference": 0.254839 }, "levels": { "trend_reference": 33.890517, "fair_value_reference": 30.581346, "structural_low": 31.01, 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}, { "date": "2026-07-17", "close": 34.6493, "volume": 136675, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-07-24", "close": 34.92, "volume": 159747, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-07-31", "close": 36.0923, "volume": 136226, "typical_volume": 229074.55, "trend": 33.73856, "fair_value": 30.505254, "relative_strength": 2.377265, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.29102, "energy": 60.627248, "activity_lines": [ 35.230333, 34.908627, 34.546335, 34.178735 ] }, { "date": "2026-08-07", "close": 36.6687, "volume": 119982, "typical_volume": 220772.25, "trend": 33.890517, "fair_value": 30.581346, "relative_strength": -0.991168, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.901772, "energy": 78.717262, "activity_lines": [ 35.769773, 35.260798, 34.797842, 34.367776 ] } ], "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." } } }