{ "ticker": { "uuid": "c48bdfed-2fdf-4844-b050-465130fa941a", "symbol": "REW", "name": "PROSHARES TRUST ULTRASHORT TECHNOLOGY (P/S)", "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": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -71.844, "architecture_energy": 50.848, "architecture_maturity": 100.0, "architecture_confidence": 95.882, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 26.34, "rotation_up": 29.74, "upward_expansion": 17.91, "deceleration": 40.76, "rotation_down": 41.52, "downward_expansion": 68.58 }, "activity_lines": [ 12.446327, 12.447946, 13.16735, 15.102244 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 11.32, "trend_reference": 17.473646, "distance_from_trend": -0.352167, "trend_direction": "Weakening", "fair_value": 37.914492, "distance_from_fair_value": -0.701433, "fair_value_direction": "Weakening", "relative_strength": -49.473454, "relative_strength_direction": "Weakening", "price_momentum": -0.490781, "excess_performance": -0.616405, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.352167, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.148862, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.701433, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.026548, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.494735, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.007525, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.490781, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.541053, "read": "Supply-led" } ], "volume": { "latest": 255618, "relative_activity": 1.19087, "balance": 0.541053, "dry_up": 0.948475, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.143606, "annualized_volatility": 0.552456, "from_high_reference": -0.588034, "from_low_reference": 0.042938 }, "levels": { "trend_reference": 17.473646, "fair_value_reference": 37.914492, 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18.32312, "fair_value": 39.044139, "relative_strength": -41.727004, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.948615, "energy": 53.436703, "activity_lines": [ 12.512734, 12.433236, 14.194862, 16.173289 ] }, { "date": "2026-07-24", "close": 13.2071, "volume": 179526, "typical_volume": 222503.9, "trend": 18.072177, "fair_value": 38.702883, "relative_strength": -40.389922, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.922759, "energy": 48.12754, "activity_lines": [ 12.811753, 12.553524, 13.868057, 15.843224 ] }, { "date": "2026-07-31", "close": 13.06, "volume": 239150, "typical_volume": 225140.55, "trend": 17.793, "fair_value": 38.326805, "relative_strength": -40.672763, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.530622, "energy": 41.513756, "activity_lines": [ 12.93504, 12.657772, 13.575608, 15.519857 ] }, { "date": "2026-08-07", "close": 11.32, "volume": 255618, "typical_volume": 214648.05, "trend": 17.473646, "fair_value": 37.914492, "relative_strength": -49.473454, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.843817, "energy": 50.847565, "activity_lines": [ 12.446327, 12.447946, 13.16735, 15.102244 ] } ], "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." } } }