{ "ticker": { "uuid": "a5fe908a-131c-48f8-9db7-e3b2fa2beadb", "symbol": "PJUN", "name": "Innovator U.S. Equity Power Buffer ETF - June", "exchange": "CBOE", "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": 62.462, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 67.57, "architecture_energy": 38.71, "architecture_maturity": 10.587, "architecture_confidence": 73.877, "architecture_tenure": "New", "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": 30.8, "rotation_up": 55.12, "upward_expansion": 77.18, "deceleration": 56.17, "rotation_down": 18.59, "downward_expansion": 3.85 }, "activity_lines": [ 43.525447, 43.357295, 43.235377, 42.995752 ], "activity_state": "Compressed", "activity_direction": "Stable", "rotation_direction": "Stable", "price_acceptance": 0.666667 }, "latest_close": 44.08, "trend_reference": 42.69922, "distance_from_trend": 0.032337, "trend_direction": "Improving", "fair_value": 37.81959, "distance_from_fair_value": 0.165534, "fair_value_direction": "Weakening", "relative_strength": -6.678357, "relative_strength_direction": "Weakening", "price_momentum": 0.044797, "excess_performance": -0.080828, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.032337, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.012815, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.165534, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.008625, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.066784, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.001064, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.044797, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.363722, "read": "Demand-led" } ], "volume": { "latest": 184289, "relative_activity": 0.31427, "balance": 1.363722, "dry_up": 0.30823, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.018573, "annualized_volatility": 0.057995, "from_high_reference": -0.073171, "from_low_reference": 0.10921 }, "levels": { "trend_reference": 42.69922, "fair_value_reference": 37.81959, "structural_low": 39.74, "invalidation": "A 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"Re-accelerating", "gate": "up", "direction": 48.026732, "energy": 27.311353, "activity_lines": [ 43.1753, 43.149436, 43.069772, 42.851242 ] }, { "date": "2026-07-31", "close": 43.38, "volume": 110002, "typical_volume": 581282.55, "trend": 42.634383, "fair_value": 37.740488, "relative_strength": -5.144316, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.164027, "energy": 29.078159, "activity_lines": [ 43.25304, 43.190456, 43.123074, 42.902486 ] }, { "date": "2026-08-07", "close": 44.08, "volume": 184289, "typical_volume": 586403.2, "trend": 42.69922, "fair_value": 37.81959, "relative_strength": -6.678357, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.569764, "energy": 38.709571, "activity_lines": [ 43.525447, 43.357295, 43.235377, 42.995752 ] } ], "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." } } }