{ "ticker": { "uuid": "960720f4-4fff-4ecb-9c77-fd9751282e56", "symbol": "NOBL", "name": "PROSHARES S&P 500 DIVIDEND ARISTOCRATS ETF", "exchange": "CBOE", "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": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 94.894, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 77.661, "architecture_energy": 57.367, "architecture_maturity": 24.131, "architecture_confidence": 69.101, "architecture_tenure": "Developing", "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": 10.79, "rotation_up": 69.81, "upward_expansion": 83.43, "deceleration": 58.35, "rotation_down": 15.96, "downward_expansion": 7.76 }, "activity_lines": [ 57.453333, 56.999933, 55.764858, 55.209037 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 58.42, "trend_reference": 54.799934, "distance_from_trend": 0.06606, "trend_direction": "Improving", "fair_value": 49.248018, "distance_from_fair_value": 0.186241, "fair_value_direction": "Improving", "relative_strength": -2.186357, "relative_strength_direction": "Improving", "price_momentum": 0.036907, "excess_performance": -0.088717, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.06606, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.030886, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.186241, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.082706, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.021864, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.06297, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.036907, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.367515, "read": "Demand-led" } ], "volume": { "latest": 6259188, "relative_activity": 1.433972, "balance": 2.367515, "dry_up": 1.418255, "accumulation_observations": 6, "distribution_observations": 3 }, "risk": { "range_context": 0.02699, "annualized_volatility": 0.123547, "from_high_reference": -0.008991, "from_low_reference": 0.18522 }, "levels": { "trend_reference": 54.799934, "fair_value_reference": 49.248018, "structural_low": 51.3672, 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"Re-accelerating", "gate": "up", "direction": 71.402807, "energy": 80.498454, "activity_lines": [ 56.552467, 55.5609, 54.59567, 54.441093 ] }, { "date": "2026-07-17", "close": 56.93, "volume": 6884477, "typical_volume": 4257825.9, "trend": 54.276915, "fair_value": 49.006084, "relative_strength": -1.156886, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.370942, "energy": 79.666967, "activity_lines": [ 56.811349, 55.953148, 54.860393, 54.623592 ] }, { "date": "2026-07-24", "close": 56.91, "volume": 5085892, "typical_volume": 4225405.85, "trend": 54.439571, "fair_value": 49.080156, "relative_strength": -0.503657, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.472893, "energy": 75.001158, "activity_lines": [ 56.956667, 56.274718, 55.12215, 54.793468 ] }, { "date": "2026-07-31", "close": 57.08, "volume": 6532792, "typical_volume": 4273975.7, "trend": 54.619111, "fair_value": 49.159942, "relative_strength": -1.189619, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.327648, "energy": 51.546804, "activity_lines": [ 57.008, 56.546956, 55.389043, 54.963818 ] }, { "date": "2026-08-07", "close": 58.42, "volume": 6259188, "typical_volume": 4364931.65, "trend": 54.799934, "fair_value": 49.248018, "relative_strength": -2.186357, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.660908, "energy": 57.366964, "activity_lines": [ 57.453333, 56.999933, 55.764858, 55.209037 ] } ], "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." } } }