{ "ticker": { "uuid": "b4e53dc5-4263-4257-8e9e-6364a3703d0d", "symbol": "CLOZ", "name": "ELDRIDGE BBB-B CLO 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": 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": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 64.528, "architecture_energy": 52.917, "architecture_maturity": 40.865, "architecture_confidence": 78.234, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 30.45, "rotation_up": 47.04, "upward_expansion": 80.59, "deceleration": 56.44, "rotation_down": 27.39, "downward_expansion": 9.59 }, "activity_lines": [ 26.259662, 26.237105, 26.17026, 26.015765 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 26.305, "trend_reference": 25.877178, "distance_from_trend": 0.016533, "trend_direction": "Improving", "fair_value": 23.960187, "distance_from_fair_value": 0.097863, "fair_value_direction": "Weakening", "relative_strength": -8.86491, "relative_strength_direction": "Weakening", "price_momentum": 0.015547, "excess_performance": -0.110078, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.016533, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.008228, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.097863, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.01548, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.088649, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.00109, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.015547, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.864033, "read": "Demand-led" } ], "volume": { "latest": 2279029, "relative_activity": 1.404045, "balance": 1.864033, "dry_up": 1.2004, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.006665, "annualized_volatility": 0.04723, "from_high_reference": -0.000949, "from_low_reference": 0.060765 }, "levels": { "trend_reference": 25.877178, "fair_value_reference": 23.960187, "structural_low": 24.79815, 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1325426, "typical_volume": 2105080.6, "trend": 25.78389, "fair_value": 23.770262, "relative_strength": -7.027409, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.789099, "energy": 45.726261, "activity_lines": [ 26.21196, 26.195842, 25.988036, 25.881772 ] }, { "date": "2026-07-10", "close": 26.182282, "volume": 3220050, "typical_volume": 2192728.1, "trend": 25.804437, "fair_value": 23.809896, "relative_strength": -8.078895, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.418562, "energy": 42.908432, "activity_lines": [ 26.203825, 26.199638, 26.026968, 25.907475 ] }, { "date": "2026-07-17", "close": 26.192229, "volume": 2409309, "typical_volume": 1808588.8, "trend": 25.823387, "fair_value": 23.848101, "relative_strength": -6.358747, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.988407, "energy": 39.153431, "activity_lines": [ 26.198989, 26.200889, 26.065026, 25.932494 ] }, { "date": "2026-07-24", "close": 26.251915, "volume": 1499429, "typical_volume": 1668754.85, "trend": 25.843361, "fair_value": 23.886369, "relative_strength": -5.383056, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.568507, "energy": 42.7071, "activity_lines": [ 26.216683, 26.211115, 26.103622, 25.960141 ] }, { "date": "2026-07-31", "close": 26.261863, "volume": 1606131, "typical_volume": 1572195.45, "trend": 25.86133, "fair_value": 23.923442, "relative_strength": -6.105969, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.209707, "energy": 44.825281, "activity_lines": [ 26.230694, 26.220816, 26.137693, 25.987141 ] }, { "date": "2026-08-07", "close": 26.305, "volume": 2279029, "typical_volume": 1623188.1, "trend": 25.877178, "fair_value": 23.960187, "relative_strength": -8.86491, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.528032, "energy": 52.916546, "activity_lines": [ 26.259662, 26.237105, 26.17026, 26.015765 ] } ], "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." } } }