{
  "ticker": {
    "uuid": "ae4df01c-00ad-439b-82cc-fd2ece2c5fc5",
    "symbol": "LCLG",
    "name": "ADVISORS SERIES TRUST LOGAN CAPITAL BROAD INNOVATIVE GRWTH ETF",
    "exchange": "NYSEARCA",
    "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": 90.931,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 50.032,
    "architecture_energy": 29.089,
    "architecture_maturity": 66.346,
    "architecture_confidence": 82.76,
    "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": 31.91,
        "rotation_up": 30.61,
        "upward_expansion": 59.88,
        "deceleration": 88.27,
        "rotation_down": 27.72,
        "downward_expansion": 21.21
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      "activity_lines": [
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
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    "latest_close": 73.6227,
    "trend_reference": 67.430623,
    "distance_from_trend": 0.091829,
    "trend_direction": "Improving",
    "fair_value": 52.755514,
    "distance_from_fair_value": 0.395545,
    "fair_value_direction": "Weakening",
    "relative_strength": 0.800339,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.152552,
    "excess_performance": 0.026927,
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        "label": "Price vs Trend",
        "positive": true,
        "value": 0.091829,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.050428,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.395545,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.021103,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.008003,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.019476,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.152552,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.793805,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 2759,
      "relative_activity": 0.515407,
      "balance": 0.793805,
      "dry_up": 0.979395,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.033938,
      "annualized_volatility": 0.205568,
      "from_high_reference": -0.031864,
      "from_low_reference": 0.296416
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    "levels": {
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      "fair_value_reference": 52.755514,
      "structural_low": 56.7894,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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        "horizon": "Near term",
        "sample_count": 4,
        "median_return": 0.023863,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
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        "regime_survival": 0.0,
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        "worst_return": -0.151617,
        "sufficient": false
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        "horizon": "Intermediate",
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        "worst_return": -0.180901,
        "sufficient": false
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      {
        "horizon": "Extended",
        "sample_count": 3,
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        "sufficient": false
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      {
        "horizon": "Full cycle",
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        "worst_return": 0.096329,
        "sufficient": false
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        "end": "2025-03-14",
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        "regime": "downward_expansion",
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        "active": false
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        "regime": "balance",
        "label": "Balance",
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        "regime": "rotation_up",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "active": false
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        "regime": "deceleration",
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          66.07049,
          65.20463
        ]
      },
      {
        "date": "2026-06-05",
        "close": 71.778,
        "volume": 23035,
        "typical_volume": 5074.9,
        "trend": 64.492043,
        "fair_value": 50.631252,
        "relative_strength": 4.469048,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 69.797385,
        "energy": 77.976011,
        "activity_lines": [
          71.631213,
          70.002511,
          66.740423,
          65.693953
        ]
      },
      {
        "date": "2026-06-12",
        "close": 73.4843,
        "volume": 10809,
        "typical_volume": 5497.6,
        "trend": 64.895887,
        "fair_value": 50.876207,
        "relative_strength": 6.153492,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 77.975395,
        "energy": 77.021014,
        "activity_lines": [
          72.41926,
          70.971278,
          67.543714,
          66.274098
        ]
      },
      {
        "date": "2026-06-19",
        "close": 74.8493,
        "volume": 1079,
        "typical_volume": 5403.55,
        "trend": 65.388013,
        "fair_value": 51.1325,
        "relative_strength": 6.908021,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 80.915984,
        "energy": 84.807221,
        "activity_lines": [
          73.453933,
          71.935329,
          68.433593,
          66.916254
        ]
      },
      {
        "date": "2026-06-26",
        "close": 73.3278,
        "volume": 4252,
        "typical_volume": 5494.1,
        "trend": 65.721583,
        "fair_value": 51.371093,
        "relative_strength": 7.081115,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.821908,
        "energy": 67.895611,
        "activity_lines": [
          73.609307,
          72.422496,
          69.125934,
          67.428498
        ]
      },
      {
        "date": "2026-07-03",
        "close": 73.5682,
        "volume": 4944,
        "typical_volume": 4659.8,
        "trend": 66.033523,
        "fair_value": 51.615236,
        "relative_strength": 5.002336,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.025772,
        "energy": 63.328369,
        "activity_lines": [
          73.62978,
          72.842907,
          69.796171,
          67.934732
        ]
      },
      {
        "date": "2026-07-10",
        "close": 73.8361,
        "volume": 5692,
        "typical_volume": 4729.75,
        "trend": 66.38853,
        "fair_value": 51.85286,
        "relative_strength": 3.833035,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.209069,
        "energy": 62.511728,
        "activity_lines": [
          73.77464,
          73.207569,
          70.438455,
          68.438124
        ]
      },
      {
        "date": "2026-07-17",
        "close": 71.4974,
        "volume": 13431,
        "typical_volume": 5290.75,
        "trend": 66.654763,
        "fair_value": 52.076185,
        "relative_strength": 2.029416,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 51.089201,
        "energy": 48.441928,
        "activity_lines": [
          73.002727,
          73.031342,
          70.808508,
          68.767728
        ]
      },
      {
        "date": "2026-07-24",
        "close": 70.874,
        "volume": 2225,
        "typical_volume": 5343.1,
        "trend": 66.878077,
        "fair_value": 52.291466,
        "relative_strength": 1.656624,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 45.408578,
        "energy": 37.316998,
        "activity_lines": [
          72.155473,
          72.721065,
          71.079488,
          69.039937
        ]
      },
      {
        "date": "2026-07-31",
        "close": 71.207,
        "volume": 2556,
        "typical_volume": 5278.8,
        "trend": 67.146453,
        "fair_value": 52.514517,
        "relative_strength": 0.95773,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 39.48141,
        "energy": 27.138869,
        "activity_lines": [
          71.68424,
          72.442122,
          71.336896,
          69.319223
        ]
      },
      {
        "date": "2026-08-07",
        "close": 73.6227,
        "volume": 2759,
        "typical_volume": 5353.05,
        "trend": 67.430623,
        "fair_value": 52.755514,
        "relative_strength": 0.800339,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 50.03209,
        "energy": 29.089011,
        "activity_lines": [
          72.159627,
          72.582311,
          71.772091,
          69.737045
        ]
      }
    ],
    "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."
    }
  }
}