{ "ticker": { "uuid": "d4471d03-e4f7-4ec8-839d-713da688163c", "symbol": "EVX", "name": "VANECK ETF TR VANECK ENVIRONMENTAL SERVICES 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": 51.612, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 65.974, "architecture_energy": 41.371, "architecture_maturity": 22.155, "architecture_confidence": 61.475, "architecture_tenure": "New", "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": 35.2, "rotation_up": 55.17, "upward_expansion": 77.98, "deceleration": 65.17, "rotation_down": 19.76, "downward_expansion": 4.65 }, "activity_lines": [ 41.073827, 40.977845, 40.42972, 40.251616 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 41.4428, "trend_reference": 40.237833, "distance_from_trend": 0.029946, "trend_direction": "Improving", "fair_value": 35.582096, "distance_from_fair_value": 0.164709, "fair_value_direction": "Improving", "relative_strength": -6.642804, "relative_strength_direction": "Improving", "price_momentum": -0.006008, "excess_performance": -0.131633, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.029946, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.02013, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.164709, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.026292, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.066428, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.031072, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.006008, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.213416, "read": "Demand-led" } ], "volume": { "latest": 38680, "relative_activity": 1.059916, "balance": 1.213416, "dry_up": 0.852989, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.023285, "annualized_volatility": 0.13654, "from_high_reference": -0.023497, "from_low_reference": 0.139249 }, "levels": { "trend_reference": 40.237833, "fair_value_reference": 35.582096, "structural_low": 37.63, 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"close": 41.5014, "volume": 18343, "typical_volume": 38845.1, "trend": 39.946469, "fair_value": 35.341404, "relative_strength": -5.158872, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 65.052634, "energy": 72.541638, "activity_lines": [ 41.03626, 40.351645, 39.958615, 39.998881 ] }, { "date": "2026-07-17", "close": 41.3469, "volume": 30104, "typical_volume": 38157.95, "trend": 40.043427, "fair_value": 35.399134, "relative_strength": -3.82397, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.960876, "energy": 76.239471, "activity_lines": [ 41.266707, 40.608524, 40.104974, 40.089232 ] }, { "date": "2026-07-24", "close": 40.9394, "volume": 24312, "typical_volume": 37605.85, "trend": 40.113073, "fair_value": 35.459129, "relative_strength": -4.004574, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.272546, "energy": 70.112534, "activity_lines": [ 41.224913, 40.759398, 40.216062, 40.147036 ] }, { "date": "2026-07-31", "close": 40.47, "volume": 31418, "typical_volume": 36305.65, "trend": 40.17874, "fair_value": 35.518311, "relative_strength": -5.892767, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": 31.302765, "energy": 32.645893, "activity_lines": [ 40.961087, 40.792311, 40.279782, 40.170064 ] }, { "date": "2026-08-07", "close": 41.4428, "volume": 38680, "typical_volume": 36493.45, "trend": 40.237833, "fair_value": 35.582096, "relative_strength": -6.642804, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.973717, "energy": 41.37075, "activity_lines": [ 41.073827, 40.977845, 40.42972, 40.251616 ] } ], "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." } } }