{ "ticker": { "uuid": "ab80c781-6783-4a54-8ed5-ebb9fa362d99", "symbol": "IGHG", "name": "PROSHARES INVESTMENT GRADE-INTEREST RATE HEDGED", "exchange": "CBOE", "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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 27.272, "architecture_energy": 14.135, "architecture_maturity": 35.491, "architecture_confidence": 77.2, "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": 51.8, "rotation_up": 28.85, "upward_expansion": 49.73, "deceleration": 80.24, "rotation_down": 26.62, "downward_expansion": 25.4 }, "activity_lines": [ 77.742217, 77.773307, 77.798544, 77.61059 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 77.93, "trend_reference": 77.396501, "distance_from_trend": 0.006893, "trend_direction": "Improving", "fair_value": 72.093516, "distance_from_fair_value": 0.080957, "fair_value_direction": "Weakening", "relative_strength": -9.746749, "relative_strength_direction": "Weakening", "price_momentum": 0.00842, "excess_performance": -0.117205, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.006893, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.005821, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.080957, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.014811, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.097467, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.003531, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.00842, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.539403, "read": "Demand-led" } ], "volume": { "latest": 111794, "relative_activity": 1.155151, "balance": 1.539403, "dry_up": 0.857784, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.006378, "annualized_volatility": 0.030799, "from_high_reference": -0.01259, "from_low_reference": 0.053601 }, "levels": { "trend_reference": 77.396501, "fair_value_reference": 72.093516, "structural_low": 76.0601, "invalidation": "A 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"direction": 37.029397, "energy": 21.135272, "activity_lines": [ 77.836909, 77.923112, 77.723146, 77.51485 ] }, { "date": "2026-07-17", "close": 77.599324, "volume": 67279, "typical_volume": 99549.2, "trend": 77.320625, "fair_value": 71.814308, "relative_strength": -7.307345, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.473721, "energy": 19.757195, "activity_lines": [ 77.731443, 77.863092, 77.741243, 77.534817 ] }, { "date": "2026-07-24", "close": 77.469875, "volume": 77401, "typical_volume": 101120.65, "trend": 77.334929, "fair_value": 71.906081, "relative_strength": -6.6884, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.589641, "energy": 17.084353, "activity_lines": [ 77.624645, 77.778734, 77.740901, 77.544446 ] }, { "date": "2026-07-31", "close": 77.793098, "volume": 75587, "typical_volume": 102590.75, "trend": 77.362944, "fair_value": 71.999152, "relative_strength": -7.035598, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.461021, "energy": 14.226576, "activity_lines": [ 77.658777, 77.761276, 77.767282, 77.574005 ] }, { "date": "2026-08-07", "close": 77.93, "volume": 111794, "typical_volume": 96778.7, "trend": 77.396501, "fair_value": 72.093516, "relative_strength": -9.746749, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.271551, "energy": 14.134999, "activity_lines": [ 77.742217, 77.773307, 77.798544, 77.61059 ] } ], "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." } } }