{
  "ticker": {
    "uuid": "b64b9597-0a56-41a4-93eb-6bb08f6953b9",
    "symbol": "PJIO",
    "name": "PGIM ETF TRUST JENNISON INTERNATIONAL OPPORTUNITIES 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": 92.823,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Upper balance after advance",
    "architecture_gate": "up",
    "architecture_direction": 8.058,
    "architecture_energy": 18.586,
    "architecture_maturity": 24.955,
    "architecture_confidence": 80.648,
    "architecture_tenure": "New",
    "architecture": {
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        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
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      "scores": {
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        "rotation_up": 19.23,
        "upward_expansion": 38.43,
        "deceleration": 84.09,
        "rotation_down": 43.2,
        "downward_expansion": 39.09
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.333333
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    "trend_direction": "Improving",
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    "fair_value_direction": "Weakening",
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    "relative_strength_direction": "Weakening",
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        "read": "Above"
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        "read": "Rising"
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        "label": "Price vs current Fair Value",
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        "value": 0.099646,
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        "label": "Fair Value direction",
        "positive": false,
        "value": -0.022967,
        "read": "Moving away"
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        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.086861,
        "read": "Lagging"
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      {
        "label": "Relative strength direction",
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        "value": -0.018853,
        "read": "Weakening"
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      {
        "label": "Price momentum",
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        "value": 0.043504,
        "read": "Positive"
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        "label": "Volume balance",
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        "value": 1.076664,
        "read": "Demand-led"
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      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
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        "sample_count": 3,
        "median_return": 6e-05,
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        "relative_strength": -7.651408,
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        "regime": "downward_expansion",
        "modifier": "Early contraction",
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        "energy": 63.187933,
        "activity_lines": [
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      },
      {
        "date": "2026-04-17",
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        "fair_value": 57.261487,
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      },
      {
        "date": "2026-04-24",
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      },
      {
        "date": "2026-05-01",
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        "stage": 4,
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      },
      {
        "date": "2026-05-08",
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        "typical_volume": 17276.45,
        "trend": 61.176481,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 19342.45,
        "trend": 61.106294,
        "fair_value": 57.419123,
        "relative_strength": -11.049651,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
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        "energy": 27.685747,
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 20559.3,
        "trend": 61.082336,
        "fair_value": 57.465473,
        "relative_strength": -8.673774,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 25.444624,
        "energy": 32.05734,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 20726.65,
        "trend": 61.182521,
        "fair_value": 57.537866,
        "relative_strength": -4.816894,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
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        "energy": 49.065984,
        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 20737.3,
        "trend": 61.217593,
        "fair_value": 57.579261,
        "relative_strength": -7.669717,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 56.62021,
        "energy": 39.051745,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 20799.35,
        "trend": 61.36868,
        "fair_value": 57.647452,
        "relative_strength": -2.757168,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "energy": 58.073056,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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        "typical_volume": 20470.65,
        "trend": 61.736749,
        "fair_value": 57.745593,
        "relative_strength": 2.358061,
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        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
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        "typical_volume": 18660.0,
        "trend": 61.918969,
        "fair_value": 57.815721,
        "relative_strength": -0.157485,
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        "modifier": "Early expansion",
        "gate": "up",
        "direction": 61.751776,
        "energy": 65.646771,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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        "volume": 5268,
        "typical_volume": 17903.6,
        "trend": 62.035358,
        "fair_value": 57.873801,
        "relative_strength": -4.179493,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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      },
      {
        "date": "2026-07-10",
        "close": 65.15,
        "volume": 18029,
        "typical_volume": 18654.3,
        "trend": 62.151207,
        "fair_value": 57.928101,
        "relative_strength": -5.780076,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 55.534382,
        "energy": 41.832189,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 60.894,
        "volume": 4687,
        "typical_volume": 18202.2,
        "trend": 62.13853,
        "fair_value": 57.950071,
        "relative_strength": -10.22241,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 22.274051,
        "energy": 14.703556,
        "activity_lines": [
          64.413327,
          65.155736,
          63.786949,
          62.846729
        ]
      },
      {
        "date": "2026-07-24",
        "close": 60.9413,
        "volume": 28721,
        "typical_volume": 17934.35,
        "trend": 62.106633,
        "fair_value": 57.972065,
        "relative_strength": -9.314652,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 11.870908,
        "energy": 17.423932,
        "activity_lines": [
          62.787707,
          64.420998,
          63.692778,
          62.769489
        ]
      },
      {
        "date": "2026-07-31",
        "close": 61.0685,
        "volume": 8301,
        "typical_volume": 14844.85,
        "trend": 62.07163,
        "fair_value": 57.994667,
        "relative_strength": -9.821929,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -7.447621,
        "energy": 19.403509,
        "activity_lines": [
          61.842,
          63.717247,
          63.59866,
          62.702512
        ]
      },
      {
        "date": "2026-08-07",
        "close": 63.82,
        "volume": 4324,
        "typical_volume": 14662.1,
        "trend": 62.078937,
        "fair_value": 58.036879,
        "relative_strength": -8.686073,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 8.058439,
        "energy": 18.586105,
        "activity_lines": [
          62.20906,
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          63.74541,
          62.81531
        ]
      }
    ],
    "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."
    }
  }
}