{ "ticker": { "uuid": "a272a343-26e4-4e0e-a820-93b156f8a12a", "symbol": "CBSE", "name": "CLOUGH SELECT 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": 67.589, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 21.946, "architecture_energy": 23.288, "architecture_maturity": 62.97, "architecture_confidence": 79.331, "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": 54.73, "rotation_up": 17.41, "upward_expansion": 52.06, "deceleration": 93.91, "rotation_down": 38.93, "downward_expansion": 20.4 }, "activity_lines": [ 47.64668, 48.636445, 48.627722, 47.323474 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.166667 }, "latest_close": 47.9876, "trend_reference": 45.71881, "distance_from_trend": 0.049625, "trend_direction": "Improving", "fair_value": 34.029317, "distance_from_fair_value": 0.410184, "fair_value_direction": "Weakening", "relative_strength": -0.875606, "relative_strength_direction": "Weakening", "price_momentum": 0.127557, "excess_performance": 0.001932, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.049625, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.073483, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.410184, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.101923, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.008756, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.08209, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.127557, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.582706, "read": "Supply-led" } ], "volume": { "latest": 24576, "relative_activity": 0.837588, "balance": 0.582706, "dry_up": 0.793146, "accumulation_observations": 2, "distribution_observations": 4 }, "risk": { "range_context": 0.048738, "annualized_volatility": 0.2086, "from_high_reference": -0.091488, "from_low_reference": 0.303531 }, "levels": { "trend_reference": 45.71881, "fair_value_reference": 34.029317, "structural_low": 38.595, "invalidation": "A 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47.90087, 46.355839 ] }, { "date": "2026-07-10", "close": 49.7922, "volume": 14605, "typical_volume": 29131.15, "trend": 44.791837, "fair_value": 33.411965, "relative_strength": 5.675963, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.892769, "energy": 52.279202, "activity_lines": [ 50.47248, 50.14078, 48.273957, 46.699104 ] }, { "date": "2026-07-17", "close": 48.6279, "volume": 25246, "typical_volume": 29511.15, "trend": 45.087377, "fair_value": 33.570738, "relative_strength": 4.680769, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.619103, "energy": 38.330983, "activity_lines": [ 49.821307, 49.92758, 48.504124, 46.946592 ] }, { "date": "2026-07-24", "close": 47.4914, "volume": 11174, "typical_volume": 28815.3, "trend": 45.336063, "fair_value": 33.722573, "relative_strength": 2.724145, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.010751, "energy": 23.741585, "activity_lines": [ 48.876627, 49.499249, 48.598342, 47.101691 ] }, { "date": "2026-07-31", "close": 46.31, "volume": 32092, "typical_volume": 28641.55, "trend": 45.52389, "fair_value": 33.87018, "relative_strength": -0.939315, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.219979, "energy": 21.019112, "activity_lines": [ 47.823387, 48.886456, 48.547977, 47.164525 ] }, { "date": "2026-08-07", "close": 47.9876, "volume": 24576, "typical_volume": 29341.4, "trend": 45.71881, "fair_value": 34.029317, "relative_strength": -0.875606, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.945513, "energy": 23.288204, "activity_lines": [ 47.64668, 48.636445, 48.627722, 47.323474 ] } ], "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." } } }