{ "ticker": { "uuid": "ab95b981-4c4b-47a7-9866-29329dfea421", "symbol": "PEX", "name": "ProShares Global Listed Private Equity ETF", "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": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 61.654, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Structural repair", "architecture_gate": "mixed", "architecture_direction": 61.375, "architecture_energy": 70.545, "architecture_maturity": 7.049, "architecture_confidence": 62.168, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 19.55, "rotation_up": 77.79, "upward_expansion": 63.33, "deceleration": 21.24, "rotation_down": 16.19, "downward_expansion": 21.66 }, "activity_lines": [ 23.150587, 22.691082, 22.425327, 22.391921 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 24.0793, "trend_reference": 22.649934, "distance_from_trend": 0.063107, "trend_direction": "Weakening", "fair_value": 23.372993, "distance_from_fair_value": 0.030219, "fair_value_direction": "Improving", "relative_strength": -9.432072, "relative_strength_direction": "Improving", "price_momentum": 0.013907, "excess_performance": -0.111718, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.063107, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.028689, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.030219, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.049658, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.094321, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.083142, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.013907, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.164229, "read": "Demand-led" } ], "volume": { "latest": 25001, "relative_activity": 1.708197, "balance": 1.164229, "dry_up": 1.057929, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.026534, "annualized_volatility": 0.206395, "from_high_reference": -0.079009, "from_low_reference": 0.175173 }, "levels": { "trend_reference": 22.649934, "fair_value_reference": 23.372993, "structural_low": 20.49, "invalidation": 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21.753193, 21.895589, 22.031328, 22.411365 ] }, { "date": "2026-07-03", "close": 22.2534, "volume": 11597, "typical_volume": 16991.4, "trend": 22.9345, "fair_value": 23.285384, "relative_strength": -15.90633, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.157092, "energy": 30.577563, "activity_lines": [ 21.89508, 21.925622, 22.036559, 22.362483 ] }, { "date": "2026-07-10", "close": 22.3635, "volume": 14567, "typical_volume": 17148.05, "trend": 22.861224, "fair_value": 23.300085, "relative_strength": -16.009482, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.450251, "energy": 20.336409, "activity_lines": [ 22.06918, 21.981371, 22.060232, 22.325645 ] }, { "date": "2026-07-17", "close": 22.574, "volume": 16388, "typical_volume": 16018.65, "trend": 22.804356, "fair_value": 23.314729, "relative_strength": -13.273944, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.355371, "energy": 12.289302, "activity_lines": [ 22.263213, 22.087165, 22.109452, 22.307114 ] }, { "date": "2026-07-24", "close": 22.4416, "volume": 5798, "typical_volume": 15146.35, "trend": 22.732444, "fair_value": 23.328354, "relative_strength": -12.686727, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.157295, "energy": 16.630521, "activity_lines": [ 22.37876, 22.171393, 22.147159, 22.28371 ] }, { "date": "2026-07-31", "close": 23.0065, "volume": 14748, "typical_volume": 15053.8, "trend": 22.6761, "fair_value": 23.347185, "relative_strength": -10.919318, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 13.551073, "energy": 26.694393, "activity_lines": [ 22.63342, 22.345349, 22.238659, 22.301392 ] }, { "date": "2026-08-07", "close": 24.0793, "volume": 25001, "typical_volume": 14635.9, "trend": 22.649934, "fair_value": 23.372993, "relative_strength": -9.432072, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 61.374902, "energy": 70.545418, "activity_lines": [ 23.150587, 22.691082, 22.425327, 22.391921 ] } ], "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." } } }