{ "ticker": { "uuid": "b761518b-787f-43b4-863d-464dad7dde67", "symbol": "SHDG", "name": "SOUNDWATCH HEDGED EQUITY ETF", "exchange": "CBOE", "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": 69.047, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 88.407, "architecture_energy": 61.197, "architecture_maturity": 22.878, "architecture_confidence": 69.837, "architecture_tenure": "New", "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": 22.1, "rotation_up": 64.69, "upward_expansion": 81.91, "deceleration": 65.03, "rotation_down": 19.96, "downward_expansion": 8.58 }, "activity_lines": [ 32.98102, 32.849887, 32.63503, 32.433983 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 33.5845, "trend_reference": 32.31163, "distance_from_trend": 0.039394, "trend_direction": "Improving", "fair_value": 28.594205, "distance_from_fair_value": 0.174521, "fair_value_direction": "Improving", "relative_strength": -6.62029, "relative_strength_direction": "Improving", "price_momentum": 0.026977, "excess_performance": -0.098648, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.039394, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.006558, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.174521, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.011768, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.066203, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.013878, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.026977, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.477509, "read": "Demand-led" } ], "volume": { "latest": 50577, "relative_activity": 2.354192, "balance": 2.477509, "dry_up": 0.989397, "accumulation_observations": 6, "distribution_observations": 1 }, "risk": { "range_context": 0.010355, "annualized_volatility": 0.073784, "from_high_reference": 0.0, "from_low_reference": 0.105837 }, "levels": { "trend_reference": 32.31163, "fair_value_reference": 28.594205, "structural_low": 30.62, 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"upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.959851, "energy": 73.286043, "activity_lines": [ 32.75264, 32.67958, 32.411073, 32.305395 ] }, { "date": "2026-07-24", "close": 32.5054, "volume": 15388, "typical_volume": 18702.2, "trend": 32.2692, "fair_value": 28.471493, "relative_strength": -5.796703, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.590966, "energy": 47.551974, "activity_lines": [ 32.678893, 32.660367, 32.44766, 32.320263 ] }, { "date": "2026-07-31", "close": 32.73, "volume": 11918, "typical_volume": 19063.05, "trend": 32.282647, "fair_value": 28.529869, "relative_strength": -5.989279, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.990522, "energy": 44.373975, "activity_lines": [ 32.69054, 32.679698, 32.503364, 32.349992 ] }, { "date": "2026-08-07", "close": 33.5845, "volume": 50577, "typical_volume": 21483.8, "trend": 32.31163, "fair_value": 28.594205, "relative_strength": -6.62029, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.407451, "energy": 61.196905, "activity_lines": [ 32.98102, 32.849887, 32.63503, 32.433983 ] } ], "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." } } }