{
  "ticker": {
    "uuid": "bc77ec05-feae-49c6-96c0-69fa0b5f6c89",
    "symbol": "PRNT",
    "name": "THE 3D PRINTING 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": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 64.77,
    "architecture_energy": 30.708,
    "architecture_maturity": 37.369,
    "architecture_confidence": 86.482,
    "architecture_tenure": "Developing",
    "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": 40.09,
        "rotation_up": 35.29,
        "upward_expansion": 64.79,
        "deceleration": 92.72,
        "rotation_down": 28.08,
        "downward_expansion": 9.79
      },
      "activity_lines": [
        24.496,
        24.403273,
        24.284,
        23.759553
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.0
    },
    "latest_close": 25.99,
    "trend_reference": 23.287023,
    "distance_from_trend": 0.116072,
    "trend_direction": "Improving",
    "fair_value": 21.477897,
    "distance_from_fair_value": 0.210081,
    "fair_value_direction": "Improving",
    "relative_strength": 0.758579,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.111634,
    "excess_performance": -0.013991,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.116072,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.030335,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.210081,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.092225,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.007586,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.054495,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.111634,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.589875,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 44770,
      "relative_activity": 0.882876,
      "balance": 1.589875,
      "dry_up": 0.652406,
      "accumulation_observations": 4,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.052289,
      "annualized_volatility": 0.26351,
      "from_high_reference": -0.024765,
      "from_low_reference": 0.311202
    },
    "levels": {
      "trend_reference": 23.287023,
      "fair_value_reference": 21.477897,
      "structural_low": 19.8215,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 8,
        "median_return": 0.00762,
        "positive_rate": 0.625,
        "directional_follow_through": 0.625,
        "median_excess_return": -0.031679,
        "regime_survival": 0.5,
        "best_return": 0.082956,
        "worst_return": -0.0355,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": -0.039035,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.070093,
        "regime_survival": 0.0,
        "best_return": 0.067912,
        "worst_return": -0.138548,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": -0.047602,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.188403,
        "regime_survival": 0.0,
        "best_return": 0.040681,
        "worst_return": -0.064282,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.063391,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.185269,
        "regime_survival": 0.0,
        "best_return": 0.119095,
        "worst_return": 0.007687,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-03-28",
        "tenure": "New",
        "return": -0.050436,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "tenure": "New",
        "return": 0.046899,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-18",
        "end": "2025-05-23",
        "tenure": "Developing",
        "return": 0.142998,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-06-13",
        "tenure": "New",
        "return": -0.007617,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "tenure": "New",
        "return": 0.07296,
        "active": false
      },
      {
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        "tenure": "New",
        "return": 0.014467,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-08-01",
        "end": "2025-11-14",
        "tenure": "Established",
        "return": 0.03702,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "active": false
      },
      {
        "regime": "upward_expansion",
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        "end": "2026-02-27",
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        "return": -0.033362,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "tenure": "New",
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        "active": false
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      {
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        "label": "Downward Expansion",
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        "active": false
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      {
        "regime": "rotation_up",
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      {
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      {
        "regime": "deceleration",
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        "active": true
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      },
      {
        "date": "2026-04-24",
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        "date": "2026-05-08",
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        "regime": "rotation_up",
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      },
      {
        "date": "2026-06-05",
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      },
      {
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      },
      {
        "date": "2026-07-03",
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        "relative_strength": -3.229056,
        "stage": 2,
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 59633.1,
        "trend": 23.071543,
        "fair_value": 21.447174,
        "relative_strength": -4.457961,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
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        "direction": 39.715825,
        "energy": 25.782022,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 58176.5,
        "trend": 23.12069,
        "fair_value": 21.447999,
        "relative_strength": -4.259522,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 34.566748,
        "energy": 21.043546,
        "activity_lines": [
          24.176667,
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          23.962892,
          23.515515
        ]
      },
      {
        "date": "2026-07-24",
        "close": 23.45,
        "volume": 26921,
        "typical_volume": 50640.4,
        "trend": 23.15519,
        "fair_value": 21.44411,
        "relative_strength": -5.033953,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 27.081325,
        "energy": 19.159188,
        "activity_lines": [
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          23.536761
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      },
      {
        "date": "2026-07-31",
        "close": 23.82,
        "volume": 32792,
        "typical_volume": 50211.1,
        "trend": 23.201523,
        "fair_value": 21.449966,
        "relative_strength": -4.441361,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 25.355162,
        "energy": 17.790706,
        "activity_lines": [
          23.801333,
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          24.038457,
          23.579652
        ]
      },
      {
        "date": "2026-08-07",
        "close": 25.99,
        "volume": 44770,
        "typical_volume": 50709.25,
        "trend": 23.287023,
        "fair_value": 21.477897,
        "relative_strength": 0.758579,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 64.769966,
        "energy": 30.708032,
        "activity_lines": [
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      }
    ],
    "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."
    }
  }
}