{ "ticker": { "uuid": "b168adde-4603-4918-870b-6709ea87bef6", "symbol": "CGV", "name": "Conductor Global Equity Value ETF", "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": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 84.731, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Structural failure", "architecture_gate": "down", "architecture_direction": -22.363, "architecture_energy": 13.271, "architecture_maturity": 23.981, "architecture_confidence": 66.269, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 57.18, "rotation_up": 23.02, "upward_expansion": 15.14, "deceleration": 39.38, "rotation_down": 34.29, "downward_expansion": 62.81 }, "activity_lines": [ 15.664727, 15.610897, 15.771765, 15.798144 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 16.0644, "trend_reference": 15.82328, "distance_from_trend": 0.015238, "trend_direction": "Improving", "fair_value": 13.056389, "distance_from_fair_value": 0.230386, "fair_value_direction": "Weakening", "relative_strength": -5.17807, "relative_strength_direction": "Weakening", "price_momentum": 0.012056, "excess_performance": -0.113569, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.015238, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.027028, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.230386, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.078706, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.051781, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.078973, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.012056, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.261925, "read": "Supply-led" } ], "volume": { "latest": 34706, "relative_activity": 0.347154, "balance": 0.261925, "dry_up": 0.621298, "accumulation_observations": 0, "distribution_observations": 2 }, "risk": { "range_context": 0.027534, "annualized_volatility": 0.184679, "from_high_reference": -0.046394, "from_low_reference": 0.19305 }, "levels": { "trend_reference": 15.82328, "fair_value_reference": 13.056389, "structural_low": 14.722309, "invalidation": "A 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15.70425, 15.895983, 15.923483, 15.855259 ] }, { "date": "2026-07-03", "close": 15.5737, "volume": 65150, "typical_volume": 126145.2, "trend": 15.672289, "fair_value": 12.929231, "relative_strength": -4.812058, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.590836, "energy": 23.567912, "activity_lines": [ 15.630894, 15.810224, 15.889152, 15.851588 ] }, { "date": "2026-07-10", "close": 15.4135, "volume": 63880, "typical_volume": 100906.0, "trend": 15.70572, "fair_value": 12.953792, "relative_strength": -6.98392, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.81079, "energy": 38.777294, "activity_lines": [ 15.549898, 15.708335, 15.84287, 15.834892 ] }, { "date": "2026-07-17", "close": 15.325, "volume": 54846, "typical_volume": 100536.2, "trend": 15.733547, "fair_value": 12.977389, "relative_strength": -6.013173, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.205352, "energy": 53.749581, "activity_lines": [ 15.449527, 15.605882, 15.793217, 15.81033 ] }, { "date": "2026-07-24", "close": 15.535, "volume": 65069, "typical_volume": 99898.75, "trend": 15.760801, "fair_value": 13.001201, "relative_strength": -4.149521, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.386863, "energy": 43.679212, "activity_lines": [ 15.455449, 15.565361, 15.770719, 15.79752 ] }, { "date": "2026-07-31", "close": 15.4951, "volume": 93831, "typical_volume": 100723.35, "trend": 15.78903, "fair_value": 13.026756, "relative_strength": -5.39, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -55.875662, "energy": 43.467334, "activity_lines": [ 15.46608, 15.532117, 15.745044, 15.780378 ] }, { "date": "2026-08-07", "close": 16.0644, "volume": 34706, "typical_volume": 99972.95, "trend": 15.82328, "fair_value": 13.056389, "relative_strength": -5.17807, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -22.362766, "energy": 13.271126, "activity_lines": [ 15.664727, 15.610897, 15.771765, 15.798144 ] } ], "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." } } }