{ "ticker": { "uuid": "c5986ba6-618f-4e61-a0d2-88a13750c81f", "symbol": "EQL", "name": "ALPS ETF TRUST EQUAL SECTOR WEIGHT 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": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 71.486, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 81.997, "architecture_energy": 65.03, "architecture_maturity": 35.337, "architecture_confidence": 75.427, "architecture_tenure": "Established", "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": 10.08, "rotation_up": 67.22, "upward_expansion": 86.31, "deceleration": 50.4, "rotation_down": 20.06, "downward_expansion": 10.65 }, "activity_lines": [ 51.309333, 51.028377, 50.616315, 50.108274 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": 0.833333 }, "latest_close": 51.98, "trend_reference": 49.488924, "distance_from_trend": 0.050336, "trend_direction": "Improving", "fair_value": 41.668272, "distance_from_fair_value": 0.247472, "fair_value_direction": "Improving", "relative_strength": -3.058891, "relative_strength_direction": "Improving", "price_momentum": 0.067995, "excess_performance": -0.05763, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.050336, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.032922, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.247472, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.002546, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.030589, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.000441, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.067995, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.840233, "read": "Demand-led" } ], "volume": { "latest": 183461, "relative_activity": 0.744798, "balance": 1.840233, "dry_up": 1.08154, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.01501, "annualized_volatility": 0.08665, "from_high_reference": -0.005738, "from_low_reference": 0.191886 }, "levels": { "trend_reference": 49.488924, "fair_value_reference": 41.668272, "structural_low": 46.575, 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57.113381, "energy": 41.951809, "activity_lines": [ 50.317845, 50.265519, 49.696156, 49.264559 ] }, { "date": "2026-07-03", "close": 50.92, "volume": 133459, "typical_volume": 289654.7, "trend": 48.715194, "fair_value": 41.106288, "relative_strength": -1.70247, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.918788, "energy": 49.858006, "activity_lines": [ 50.511382, 50.404825, 49.850659, 49.417245 ] }, { "date": "2026-07-10", "close": 51.03, "volume": 261471, "typical_volume": 273208.35, "trend": 48.875401, "fair_value": 41.218721, "relative_strength": -2.728515, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.129702, "energy": 57.369076, "activity_lines": [ 50.716352, 50.53891, 50.007393, 49.566587 ] }, { "date": "2026-07-17", "close": 50.89, "volume": 227401, "typical_volume": 264845.5, "trend": 49.036888, "fair_value": 41.328086, "relative_strength": -1.420994, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.590999, "energy": 62.762385, "activity_lines": [ 50.812792, 50.628127, 50.14307, 49.696561 ] }, { "date": "2026-07-24", "close": 50.87, "volume": 187982, "typical_volume": 253764.6, "trend": 49.178932, "fair_value": 41.436102, "relative_strength": -0.833402, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.583774, "energy": 61.890331, "activity_lines": [ 50.876667, 50.697747, 50.271633, 49.814826 ] }, { "date": "2026-07-31", "close": 51.08, "volume": 466790, "typical_volume": 261309.55, "trend": 49.332625, "fair_value": 41.549682, "relative_strength": -1.45157, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.96877, "energy": 56.838114, "activity_lines": [ 50.968667, 50.786321, 50.408869, 49.937476 ] }, { "date": "2026-08-07", "close": 51.98, "volume": 183461, "typical_volume": 246323.2, "trend": 49.488924, "fair_value": 41.668272, "relative_strength": -3.058891, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.99702, "energy": 65.030275, "activity_lines": [ 51.309333, 51.028377, 50.616315, 50.108274 ] } ], "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." } } }