{ "ticker": { "uuid": "aa5fbcb3-951d-4620-9e1b-6bb687c65996", "symbol": "ETV", "name": "Eaton Vance Tax-Managed Buy-Write Opportunities Fund", "exchange": "NYSE", "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": 63.978, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 64.867, "architecture_energy": 37.132, "architecture_maturity": 56.336, "architecture_confidence": 47.028, "architecture_tenure": "Established", "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": 27.52, "rotation_up": 43.51, "upward_expansion": 70.95, "deceleration": 69.95, "rotation_down": 25.66, "downward_expansion": 8.95 }, "activity_lines": [ 14.862007, 14.833057, 14.686375, 14.497218 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 15.1, "trend_reference": 14.300518, "distance_from_trend": 0.055906, "trend_direction": "Improving", "fair_value": 12.16947, "distance_from_fair_value": 0.24081, "fair_value_direction": "Improving", "relative_strength": -3.414756, "relative_strength_direction": "Improving", "price_momentum": 0.065814, "excess_performance": -0.059811, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.055906, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.026354, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.24081, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.010198, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.034148, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.005434, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.065814, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.180322, "read": "Demand-led" } ], "volume": { "latest": 697300, "relative_activity": 0.866468, "balance": 1.180322, "dry_up": 0.852173, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.029597, "annualized_volatility": 0.140471, "from_high_reference": -0.007226, "from_low_reference": 0.182529 }, "levels": { "trend_reference": 14.300518, "fair_value_reference": 12.16947, "structural_low": 12.865212, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 35, "median_return": 0.008391, "positive_rate": 0.657143, "directional_follow_through": 0.657143, "median_excess_return": 0.001556, "regime_survival": 0.8, "best_return": 0.067941, "worst_return": -0.070766, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 12, "median_return": 0.019685, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.003302, "regime_survival": 0.416667, "best_return": 0.129764, "worst_return": -0.063115, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": 0.054655, "positive_rate": 0.625, "directional_follow_through": 0.625, "median_excess_return": -0.01487, "regime_survival": 0.625, "best_return": 0.153984, "worst_return": -0.102701, "sufficient": true }, { "horizon": 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12.080629, "relative_strength": -1.143468, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.273434, "energy": 58.646773, "activity_lines": [ 14.906439, 14.799006, 14.553361, 14.389316 ] }, { "date": "2026-07-24", "close": 14.62, "volume": 783573, "typical_volume": 816243.7, "trend": 14.233152, "fair_value": 12.108369, "relative_strength": -2.318674, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.282629, "energy": 47.052776, "activity_lines": [ 14.829202, 14.784516, 14.584508, 14.415722 ] }, { "date": "2026-07-31", "close": 14.66, "volume": 652709, "typical_volume": 801500.8, "trend": 14.263661, "fair_value": 12.137808, "relative_strength": -3.030358, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.182515, "energy": 34.862402, "activity_lines": [ 14.778122, 14.770481, 14.616705, 14.443261 ] }, { "date": "2026-08-07", "close": 15.1, "volume": 697300, "typical_volume": 804761.45, "trend": 14.300518, "fair_value": 12.16947, "relative_strength": -3.414756, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.866589, "energy": 37.132336, "activity_lines": [ 14.862007, 14.833057, 14.686375, 14.497218 ] } ], "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." } } }