{ "ticker": { "uuid": "c2f3a25e-8c7f-4989-9b12-1a482a1432d9", "symbol": "CPSA", "name": "CALAMOS S&P 500 STRUCTURED ALT PROTECTION ETF - AUGUST", "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": 63.269, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 97.752, "architecture_energy": 96.048, "architecture_maturity": 36.079, "architecture_confidence": 71.647, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. 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"Established expansion", "gate": "up", "direction": 83.684156, "energy": 93.230821, "activity_lines": [ 27.772633, 27.725627, 27.570066, 27.437708 ] }, { "date": "2026-07-17", "close": 27.835, "volume": 23809, "typical_volume": 11288.9, "trend": 27.308573, "fair_value": 26.050062, "relative_strength": -5.527618, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.755508, "energy": 92.674908, "activity_lines": [ 27.80048, 27.753682, 27.611107, 27.473703 ] }, { "date": "2026-07-24", "close": 27.8748, "volume": 7999, "typical_volume": 11050.25, "trend": 27.338567, "fair_value": 26.067608, "relative_strength": -4.655621, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.059247, "energy": 93.521872, "activity_lines": [ 27.83226, 27.783427, 27.65251, 27.510234 ] }, { "date": "2026-07-31", "close": 27.9175, "volume": 34710, "typical_volume": 12298.9, "trend": 27.370983, "fair_value": 26.085226, "relative_strength": -5.298287, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.069952, "energy": 94.121791, "activity_lines": [ 27.86862, 27.815213, 27.694005, 27.547584 ] }, { "date": "2026-08-07", "close": 28.12, "volume": 285650, "typical_volume": 26219.75, "trend": 27.40765, "fair_value": 26.104422, "relative_strength": -7.602901, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 97.752335, "energy": 96.048254, "activity_lines": [ 27.959293, 27.878316, 27.750276, 27.595908 ] } ], "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." } } }