{ "ticker": { "uuid": "945d3689-c925-4af5-bfd9-3674caad248b", "symbol": "XLK", "name": "SELECT SECTOR SPDR TRUST STATE STREET TECHNOLOGY SELECT SECTOR SP", "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": 52.264, "architecture_energy": 28.531, "architecture_maturity": 67.305, "architecture_confidence": 93.916, "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": 31.64, "rotation_up": 32.82, "upward_expansion": 58.33, "deceleration": 88.05, "rotation_down": 27.03, "downward_expansion": 19.66 }, "activity_lines": [ 180.39, 181.072329, 178.680867, 170.73799 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 187.97, "trend_reference": 160.921891, "distance_from_trend": 0.168082, "trend_direction": "Improving", "fair_value": 121.084043, "distance_from_fair_value": 0.552393, "fair_value_direction": "Weakening", "relative_strength": 10.517108, "relative_strength_direction": "Weakening", "price_momentum": 0.333522, "excess_performance": 0.207897, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.168082, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.085849, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.552393, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.000812, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.105171, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.029676, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.333522, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.543488, "read": "Demand-led" } ], "volume": { "latest": 43477813, "relative_activity": 0.74929, "balance": 1.543488, "dry_up": 0.779438, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.06432, "annualized_volatility": 0.277191, "from_high_reference": -0.053022, "from_low_reference": 0.483817 }, "levels": { "trend_reference": 160.921891, "fair_value_reference": 121.084043, "structural_low": 126.68, "invalidation": "A 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52.121812, "activity_lines": [ 184.106496, 183.809431, 173.740113, 165.393499 ] }, { "date": "2026-07-17", "close": 175.59, "volume": 44954701, "typical_volume": 66449610.6, "trend": 157.496764, "fair_value": 119.251123, "relative_strength": 8.257063, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.295634, "energy": 35.655383, "activity_lines": [ 181.08488, 182.540452, 174.949862, 166.628297 ] }, { "date": "2026-07-24", "close": 175.88, "volume": 35419605, "typical_volume": 62789966.05, "trend": 158.481064, "fair_value": 119.818706, "relative_strength": 8.778838, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.760456, "energy": 29.022117, "activity_lines": [ 178.759333, 181.319146, 176.011043, 167.814313 ] }, { "date": "2026-07-31", "close": 175.35, "volume": 57056340, "typical_volume": 60183200.75, "trend": 159.52194, "fair_value": 120.404224, "relative_strength": 7.025504, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.911382, "energy": 22.702776, "activity_lines": [ 177.279333, 180.00459, 176.837186, 168.902631 ] }, { "date": "2026-08-07", "close": 187.97, "volume": 43477813, "typical_volume": 58025323.0, "trend": 160.921891, "fair_value": 121.084043, "relative_strength": 10.517108, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.263744, "energy": 28.530872, "activity_lines": [ 180.39, 181.072329, 178.680867, 170.73799 ] } ], "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." } } }