{ "ticker": { "uuid": "9b71ec0c-a6aa-4242-a2db-9318b26462c1", "symbol": "KHPI", "name": "KENSINGTON HEDGED PREMIUM INCOME 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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 48.93, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 80.521, "architecture_energy": 70.133, "architecture_maturity": 32.536, "architecture_confidence": 79.863, "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": 13.63, "rotation_up": 65.94, "upward_expansion": 89.74, "deceleration": 44.61, "rotation_down": 19.76, "downward_expansion": 14.07 }, "activity_lines": [ 26.002022, 25.871074, 25.710223, 25.463647 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": 0.833333 }, "latest_close": 26.3389, "trend_reference": 25.205731, "distance_from_trend": 0.044957, "trend_direction": "Improving", "fair_value": 23.595865, "distance_from_fair_value": 0.116251, "fair_value_direction": "Improving", "relative_strength": -5.529236, "relative_strength_direction": "Improving", "price_momentum": 0.056856, "excess_performance": -0.068769, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.044957, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.01444, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.116251, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.016183, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.055292, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.003774, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.056856, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.808842, "read": "Demand-led" } ], "volume": { "latest": 313612, "relative_activity": 0.738227, "balance": 1.808842, "dry_up": 0.946267, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.014907, "annualized_volatility": 0.092078, "from_high_reference": -0.006079, "from_low_reference": 0.121792 }, "levels": { "trend_reference": 25.205731, "fair_value_reference": 23.595865, "structural_low": 23.487683, 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424817.9, "trend": 25.205731, "fair_value": 23.595865, "relative_strength": -5.529236, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.520871, "energy": 70.133145, "activity_lines": [ 26.002022, 25.871074, 25.710223, 25.463647 ] } ], "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." } } }