{ "ticker": { "uuid": "ae29bb1b-c4db-4e6d-918d-94603a732a14", "symbol": "QTOP", "name": "iShares Nasdaq Top 30 Stocks ETF", "exchange": "NASDAQ", "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": "QQQ", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 43.243, "architecture_energy": 23.317, "architecture_maturity": 68.401, "architecture_confidence": 85.905, "architecture_tenure": "Developing", "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": 42.43, "rotation_up": 28.46, "upward_expansion": 56.95, "deceleration": 88.09, "rotation_down": 29.41, "downward_expansion": 18.29 }, "activity_lines": [ 36.722667, 36.971687, 36.932594, 35.831389 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 37.796, "trend_reference": 34.453149, "distance_from_trend": 0.097026, "trend_direction": "Improving", "fair_value": 29.894813, "distance_from_fair_value": 0.2643, "fair_value_direction": "Weakening", "relative_strength": 0.365801, "relative_strength_direction": "Weakening", "price_momentum": 0.200168, "excess_performance": 0.012715, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.097026, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.054183, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.2643, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.04996, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.003658, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.021859, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.200168, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.551802, "read": "Demand-led" } ], "volume": { "latest": 748253, "relative_activity": 0.884274, "balance": 1.551802, "dry_up": 0.994457, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.050046, "annualized_volatility": 0.237585, "from_high_reference": -0.040234, "from_low_reference": 0.317609 }, "levels": { "trend_reference": 34.453149, "fair_value_reference": 29.894813, "structural_low": 28.685296, "invalidation": "A 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34.030369, "fair_value": 29.677983, "relative_strength": 0.908881, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.505325, "energy": 29.75637, "activity_lines": [ 37.282667, 37.521815, 36.615609, 35.381992 ] }, { "date": "2026-07-24", "close": 35.8, "volume": 757874, "typical_volume": 824130.95, "trend": 34.143683, "fair_value": 29.744527, "relative_strength": 0.486642, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.833329, "energy": 22.440927, "activity_lines": [ 36.714667, 37.181335, 36.680948, 35.496162 ] }, { "date": "2026-07-31", "close": 35.82, "volume": 1031710, "typical_volume": 848046.1, "trend": 34.276296, "fair_value": 29.809854, "relative_strength": -0.027423, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.456564, "energy": 19.508265, "activity_lines": [ 36.356, 36.8779, 36.724858, 35.604311 ] }, { "date": "2026-08-07", "close": 37.796, "volume": 748253, "typical_volume": 846178.1, "trend": 34.453149, "fair_value": 29.894813, "relative_strength": 0.365801, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.242506, "energy": 23.316751, "activity_lines": [ 36.722667, 36.971687, 36.932594, 35.831389 ] } ], "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." } } }