{ "ticker": { "uuid": "d643d8fb-e712-42dc-9009-0a885e73d1da", "symbol": "IYH", "name": "ISHARES TRUST U.S. HEALTHCARE 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": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 88.679, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 76.353, "architecture_energy": 58.089, "architecture_maturity": 14.592, "architecture_confidence": 71.09, "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": 11.63, "rotation_up": 72.73, "upward_expansion": 86.29, "deceleration": 52.42, "rotation_down": 15.64, "downward_expansion": 8.29 }, "activity_lines": [ 68.805333, 68.029787, 65.871465, 64.904662 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 70.0, "trend_reference": 64.270811, "distance_from_trend": 0.089141, "trend_direction": "Improving", "fair_value": 59.496043, "distance_from_fair_value": 0.176549, "fair_value_direction": "Improving", "relative_strength": -0.84116, "relative_strength_direction": "Improving", "price_momentum": 0.068903, "excess_performance": -0.056722, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.089141, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.013999, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.176549, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.145736, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.008412, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.101637, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.068903, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.908677, "read": "Demand-led" } ], "volume": { "latest": 6759645, "relative_activity": 1.830185, "balance": 3.908677, "dry_up": 1.213567, "accumulation_observations": 5, "distribution_observations": 1 }, "risk": { "range_context": 0.036684, "annualized_volatility": 0.17483, "from_high_reference": -0.01102, "from_low_reference": 0.294151 }, "levels": { "trend_reference": 64.270811, "fair_value_reference": 59.496043, "structural_low": 59.478229, 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63.430545 ] }, { "date": "2026-07-10", "close": 67.89, "volume": 2398336, "typical_volume": 3808285.35, "trend": 63.815375, "fair_value": 59.13536, "relative_strength": -1.217512, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 45.502422, "energy": 70.895361, "activity_lines": [ 67.259059, 65.630207, 63.857749, 63.70122 ] }, { "date": "2026-07-17", "close": 67.8, "volume": 1900606, "typical_volume": 3777941.65, "trend": 63.921619, "fair_value": 59.216351, "relative_strength": 0.131705, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 67.015111, "energy": 80.13126, "activity_lines": [ 67.743333, 66.275246, 64.305366, 63.958292 ] }, { "date": "2026-07-24", "close": 68.41, "volume": 4745865, "typical_volume": 3586956.2, "trend": 64.024, "fair_value": 59.303671, "relative_strength": 1.570506, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.246358, "energy": 78.945158, "activity_lines": [ 68.198667, 66.894216, 64.804708, 64.247865 ] }, { "date": "2026-07-31", "close": 68.34, "volume": 4522742, "typical_volume": 3609926.9, "trend": 64.135649, "fair_value": 59.398419, "relative_strength": 0.304779, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.423543, "energy": 60.867027, "activity_lines": [ 68.248667, 67.361277, 65.273761, 64.526317 ] }, { "date": "2026-08-07", "close": 70.0, "volume": 6759645, "typical_volume": 3693422.0, "trend": 64.270811, "fair_value": 59.496043, "relative_strength": -0.84116, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.352995, "energy": 58.088721, "activity_lines": [ 68.805333, 68.029787, 65.871465, 64.904662 ] } ], "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." } } }