{ "ticker": { "uuid": "9e9ddbf7-726e-4d6d-a084-6c6dda80f61b", "symbol": "LST", "name": "LEUTHOLD SELECT INDUSTRIES 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": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "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": 77.441, "architecture_energy": 49.106, "architecture_maturity": 28.633, "architecture_confidence": 80.421, "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": 27.76, "rotation_up": 51.97, "upward_expansion": 79.78, "deceleration": 62.48, "rotation_down": 26.29, "downward_expansion": 6.44 }, "activity_lines": [ 46.674233, 46.4373, 45.930332, 45.018603 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 48.015, "trend_reference": 43.956743, "distance_from_trend": 0.092324, "trend_direction": "Improving", "fair_value": 39.066991, "distance_from_fair_value": 0.229043, "fair_value_direction": "Improving", "relative_strength": 2.331719, "relative_strength_direction": "Improving", "price_momentum": 0.117277, "excess_performance": -0.008347, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.092324, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.051254, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.229043, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.034647, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.023317, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.000993, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.117277, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 8.262889, "read": "Demand-led" } ], "volume": { "latest": 1328416, "relative_activity": 5.202228, "balance": 8.262889, "dry_up": 1.514686, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.02919, "annualized_volatility": 0.148166, "from_high_reference": -0.001352, "from_low_reference": 0.321659 }, "levels": { "trend_reference": 43.956743, "fair_value_reference": 39.066991, "structural_low": 39.04, "invalidation": "A 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null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-07-24", "close": 45.8695, "volume": 52182, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-07-31", "close": 46.125, "volume": 57745, "typical_volume": 192511.45, "trend": 43.737937, "fair_value": 38.955141, "relative_strength": 1.896332, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.363114, "energy": 31.427643, "activity_lines": [ 46.035493, 46.10184, 45.603479, 44.742663 ] }, { "date": "2026-08-07", "close": 48.015, "volume": 1328416, "typical_volume": 255355.2, "trend": 43.956743, "fair_value": 39.066991, "relative_strength": 2.331719, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 77.440808, "energy": 49.106449, "activity_lines": [ 46.674233, 46.4373, 45.930332, 45.018603 ] } ], "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." } } }