{ "ticker": { "uuid": "c1d7087b-e3e6-44a4-a1e4-6da5defb078b", "symbol": "KOMP", "name": "STATE STREET SPDR S&P KENSHO NEW ECONOMIES COMPOSITE 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": 86.375, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 26.516, "architecture_energy": 17.54, "architecture_maturity": 49.533, "architecture_confidence": 83.304, "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": 49.76, "rotation_up": 24.94, "upward_expansion": 47.09, "deceleration": 83.85, "rotation_down": 36.36, "downward_expansion": 29.75 }, "activity_lines": [ 67.4577, 67.943073, 68.249855, 66.927322 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 70.59, "trend_reference": 65.517379, "distance_from_trend": 0.077424, "trend_direction": "Improving", "fair_value": 52.055904, "distance_from_fair_value": 0.356042, "fair_value_direction": "Weakening", "relative_strength": -0.634521, "relative_strength_direction": "Weakening", "price_momentum": 0.124887, "excess_performance": -0.000738, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.077424, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.040782, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.356042, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.008565, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.006345, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.027247, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.124887, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.176916, "read": "Demand-led" } ], "volume": { "latest": 348500, "relative_activity": 0.848114, "balance": 1.176916, "dry_up": 0.759575, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.058308, "annualized_volatility": 0.231744, "from_high_reference": -0.065039, "from_low_reference": 0.295573 }, "levels": { "trend_reference": 65.517379, "fair_value_reference": 52.055904, "structural_low": 55.6901, "invalidation": "A 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440110.85, "trend": 65.016411, "fair_value": 51.601401, "relative_strength": -3.500329, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.413255, "energy": 19.07052, "activity_lines": [ 67.97276, 69.061806, 67.967542, 66.531153 ] }, { "date": "2026-07-24", "close": 65.41, "volume": 275467, "typical_volume": 438199.25, "trend": 65.169566, "fair_value": 51.732196, "relative_strength": -3.552673, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.791521, "energy": 16.932865, "activity_lines": [ 66.873007, 68.303589, 67.915588, 66.556546 ] }, { "date": "2026-07-31", "close": 65.64, "volume": 284308, "typical_volume": 427606.45, "trend": 65.313408, "fair_value": 51.873624, "relative_strength": -4.26699, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.083782, "energy": 15.028193, "activity_lines": [ 66.245687, 67.629724, 67.860901, 66.586897 ] }, { "date": "2026-08-07", "close": 70.59, "volume": 348500, "typical_volume": 410911.55, "trend": 65.517379, "fair_value": 52.055904, "relative_strength": -0.634521, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.515626, "energy": 17.539676, "activity_lines": [ 67.4577, 67.943073, 68.249855, 66.927322 ] } ], "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." } } }