{ "ticker": { "uuid": "9f03eec0-5f3a-4ad0-88a9-806823dd3452", "symbol": "TSME", "name": "THRIVENT ETF TRUST SMALL MID CAP EQUITY 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": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 47.301, "architecture_energy": 25.365, "architecture_maturity": 55.242, "architecture_confidence": 85.686, "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": 39.2, "rotation_up": 28.39, "upward_expansion": 55.78, "deceleration": 90.8, "rotation_down": 26.75, "downward_expansion": 19.44 }, "activity_lines": [ 49.125333, 49.429045, 48.68378, 47.565195 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 50.39, "trend_reference": 46.444133, "distance_from_trend": 0.084959, "trend_direction": "Improving", "fair_value": 37.195635, "distance_from_fair_value": 0.354729, "fair_value_direction": "Improving", "relative_strength": 1.498137, "relative_strength_direction": "Weakening", "price_momentum": 0.084122, "excess_performance": -0.041503, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.084959, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.05951, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.354729, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.019205, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.014981, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.003125, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.084122, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.135103, "read": "Demand-led" } ], "volume": { "latest": 232052, "relative_activity": 0.578321, "balance": 1.135103, "dry_up": 0.871229, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.045417, "annualized_volatility": 0.224685, "from_high_reference": -0.037808, "from_low_reference": 0.31507 }, "levels": { "trend_reference": 46.444133, "fair_value_reference": 37.195635, "structural_low": 39.835, "invalidation": "A 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48.215591, 46.489131, 45.783878 ] }, { "date": "2026-06-26", "close": 51.24, "volume": 430895, "typical_volume": 400088.75, "trend": 45.102116, "fair_value": 36.432926, "relative_strength": 10.064114, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.967804, "energy": 82.09057, "activity_lines": [ 50.133147, 48.861862, 47.025196, 46.201344 ] }, { "date": "2026-07-03", "close": 49.96, "volume": 372541, "typical_volume": 392920.65, "trend": 45.376604, "fair_value": 36.57012, "relative_strength": 4.882614, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.571831, "energy": 77.096771, "activity_lines": [ 50.321167, 49.194496, 47.41669, 46.514756 ] }, { "date": "2026-07-10", "close": 49.91, "volume": 338229, "typical_volume": 394314.85, "trend": 45.622589, "fair_value": 36.701537, "relative_strength": 3.239876, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.405754, "energy": 70.841224, "activity_lines": [ 50.330667, 49.465855, 47.787516, 46.807233 ] }, { "date": "2026-07-17", "close": 48.56, "volume": 476026, "typical_volume": 405245.4, "trend": 45.840407, "fair_value": 36.822397, "relative_strength": 1.905518, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.656317, "energy": 45.846202, "activity_lines": [ 49.725333, 49.445575, 48.015486, 46.996743 ] }, { "date": "2026-07-24", "close": 48.18, "volume": 392239, "typical_volume": 402866.55, "trend": 46.030133, "fair_value": 36.939455, "relative_strength": 1.616103, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.491445, "energy": 29.330937, "activity_lines": [ 49.068667, 49.334853, 48.195122, 47.147685 ] }, { "date": "2026-07-31", "close": 48.34, "volume": 298009, "typical_volume": 401235.75, "trend": 46.228467, "fair_value": 37.060292, "relative_strength": 0.831577, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.621303, "energy": 20.955123, "activity_lines": [ 48.658667, 49.211404, 48.359996, 47.296709 ] }, { "date": "2026-08-07", "close": 50.39, "volume": 232052, "typical_volume": 401250.9, "trend": 46.444133, "fair_value": 37.195635, "relative_strength": 1.498137, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.301136, "energy": 25.364558, "activity_lines": [ 49.125333, 49.429045, 48.68378, 47.565195 ] } ], "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." } } }