{ "ticker": { "uuid": "9b2dfa65-47c7-41f1-9e65-b5ba0cf8b335", "symbol": "TSPA", "name": "T ROWE PRICE EXCHANGE TRD FDS INC US EQUITY RESEARCH 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": 84.209, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 77.141, "architecture_energy": 52.261, "architecture_maturity": 53.582, "architecture_confidence": 67.861, "architecture_tenure": "Established", "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": 32.56, "rotation_up": 50.92, "upward_expansion": 78.27, "deceleration": 65.22, "rotation_down": 26.11, "downward_expansion": 7.27 }, "activity_lines": [ 47.597333, 47.323636, 46.900857, 45.964935 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 48.74, "trend_reference": 44.897607, "distance_from_trend": 0.085581, "trend_direction": "Improving", "fair_value": 36.764454, "distance_from_fair_value": 0.325737, "fair_value_direction": "Weakening", "relative_strength": -0.232028, "relative_strength_direction": "Weakening", "price_momentum": 0.121491, "excess_performance": -0.004134, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.085581, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.035051, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.325737, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.007798, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.00232, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.007036, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.121491, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.143748, "read": "Demand-led" } ], "volume": { "latest": 1833921, "relative_activity": 0.721899, "balance": 1.143748, "dry_up": 0.76202, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.025138, "annualized_volatility": 0.144398, "from_high_reference": -0.005712, "from_low_reference": 0.232988 }, "levels": { "trend_reference": 44.897607, "fair_value_reference": 36.764454, "structural_low": 39.53, 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1642451.5, "trend": 43.689523, "fair_value": 35.714481, "relative_strength": 0.253598, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.97905, "energy": 57.459023, "activity_lines": [ 46.972, 46.613818, 45.03423, 44.409947 ] }, { "date": "2026-06-19", "close": 47.44, "volume": 767070, "typical_volume": 1645994.75, "trend": 43.897692, "fair_value": 35.852055, "relative_strength": 0.549411, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.894522, "energy": 57.891193, "activity_lines": [ 47.119333, 46.869636, 45.350714, 44.651913 ] }, { "date": "2026-06-26", "close": 46.37, "volume": 10741915, "typical_volume": 2143965.7, "trend": 44.019177, "fair_value": 35.97859, "relative_strength": 0.662282, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.854109, "energy": 46.338346, "activity_lines": [ 46.864667, 46.849455, 45.546333, 44.811417 ] }, { "date": "2026-07-03", "close": 46.88, "volume": 1452583, "typical_volume": 2179553.0, "trend": 44.15468, "fair_value": 36.110492, "relative_strength": -0.378572, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.846138, "energy": 41.260368, "activity_lines": [ 46.829333, 46.894909, 45.776667, 44.995986 ] }, { "date": "2026-07-10", "close": 47.73, "volume": 2694270, "typical_volume": 2282554.7, "trend": 44.327461, "fair_value": 36.243568, "relative_strength": 0.06046, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.198988, "energy": 51.60418, "activity_lines": [ 47.134667, 47.064364, 46.069095, 45.226652 ] }, { "date": "2026-07-17", "close": 47.02, "volume": 1897105, "typical_volume": 2353397.15, "trend": 44.471607, "fair_value": 36.370939, "relative_strength": 0.116894, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.708596, "energy": 44.7975, "activity_lines": [ 47.122667, 47.065818, 46.27319, 45.400364 ] }, { "date": "2026-07-24", "close": 46.67, "volume": 1692502, "typical_volume": 2406239.65, "trend": 44.583607, "fair_value": 36.494008, "relative_strength": -0.041768, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.552394, "energy": 38.958332, "activity_lines": [ 46.983333, 46.998, 46.425714, 45.542196 ] }, { "date": "2026-07-31", "close": 47.12, "volume": 2319852, "typical_volume": 2490004.3, "trend": 44.72394, "fair_value": 36.623753, "relative_strength": -0.166713, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.206375, "energy": 41.203302, "activity_lines": [ 47.045333, 47.013636, 46.599429, 45.705834 ] }, { "date": "2026-08-07", "close": 48.74, "volume": 1833921, "typical_volume": 2540411.9, "trend": 44.897607, "fair_value": 36.764454, "relative_strength": -0.232028, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.141485, "energy": 52.26087, "activity_lines": [ 47.597333, 47.323636, 46.900857, 45.964935 ] } ], "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." } } }