{ "ticker": { "uuid": "9e43be17-592d-48ba-845c-86d2101244d9", "symbol": "VCLN", "name": "VIRTUS ETF TRUST II VIRTUS DUFF & PHELPS CLEAN ENERGY 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": 3, "stage_name": "Distribution", "phase": "3c", "phase_label": "Stage 3C \u00b7 Breakdown watch", "transition": "stage_3_to_4_watch", "transition_label": "Stage 3 \u2192 4 watch", "confidence": 60.956, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -26.525, "architecture_energy": 54.104, "architecture_maturity": 7.58, "architecture_confidence": 76.479, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 33.68, "rotation_up": 14.59, "upward_expansion": 26.29, "deceleration": 49.92, "rotation_down": 69.66, "downward_expansion": 55.95 }, "activity_lines": [ 27.99372, 28.885956, 30.269826, 30.095254 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 28.35, "trend_reference": 29.67827, "distance_from_trend": -0.044756, "trend_direction": "Improving", "fair_value": 20.721082, "distance_from_fair_value": 0.368172, "fair_value_direction": "Weakening", "relative_strength": -7.718332, "relative_strength_direction": "Weakening", "price_momentum": -0.01302, "excess_performance": -0.138645, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.044756, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.045389, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.368172, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.249802, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.077183, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.242887, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.01302, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.862388, "read": "Supply-led" } ], "volume": { "latest": 3591, "relative_activity": 0.579166, "balance": 0.862388, "dry_up": 0.527152, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.075507, "annualized_volatility": 0.245486, "from_high_reference": -0.240295, "from_low_reference": 0.412377 }, "levels": { "trend_reference": 29.67827, "fair_value_reference": 20.721082, "structural_low": 25.8, "invalidation": "A 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"2026-07-24", "close": 27.5211, "volume": 1355, "typical_volume": 6592.6, "trend": 29.576987, "fair_value": 20.604347, "relative_strength": -5.902137, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -35.157985, "energy": 47.301017, "activity_lines": [ 28.526567, 29.953698, 30.749524, 30.310252 ] }, { "date": "2026-07-31", "close": 27.515, "volume": 5074, "typical_volume": 6441.7, "trend": 29.620493, "fair_value": 20.659424, "relative_strength": -7.111444, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.404923, "energy": 56.199279, "activity_lines": [ 28.03294, 29.284396, 30.469298, 30.177221 ] }, { "date": "2026-08-07", "close": 28.35, "volume": 3591, "typical_volume": 6200.3, "trend": 29.67827, "fair_value": 20.721082, "relative_strength": -7.718332, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.525216, "energy": 54.104061, "activity_lines": [ 27.99372, 28.885956, 30.269826, 30.095254 ] } ], "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." } } }