{
  "ticker": {
    "uuid": "de8b3a77-cb4a-47e1-8e00-837e7187e383",
    "symbol": "ADPV",
    "name": "SERIES PORTFOLIOS TRUST ADAPTIV SELECT 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": "3b",
    "phase_label": "Stage 3B \u00b7 Distribution",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 88.195,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 22.613,
    "architecture_energy": 18.306,
    "architecture_maturity": 48.974,
    "architecture_confidence": 73.702,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 59.08,
        "rotation_up": 18.44,
        "upward_expansion": 50.73,
        "deceleration": 93.32,
        "rotation_down": 35.65,
        "downward_expansion": 19.07
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      "activity_lines": [
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.166667
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    "latest_close": 45.1881,
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    "distance_from_trend": 0.011206,
    "trend_direction": "Improving",
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    "distance_from_fair_value": 0.284731,
    "fair_value_direction": "Weakening",
    "relative_strength": -7.733543,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.005325,
    "excess_performance": -0.13095,
    "evidence": [
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        "label": "Price vs Trend",
        "positive": true,
        "value": 0.011206,
        "read": "Above"
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      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.026718,
        "read": "Rising"
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      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.284731,
        "read": "Premium"
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      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.09733,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.077335,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.071602,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.005325,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.681476,
        "read": "Supply-led"
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    "volume": {
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      "balance": 0.681476,
      "dry_up": 0.801067,
      "accumulation_observations": 1,
      "distribution_observations": 2
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    "risk": {
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      "annualized_volatility": 0.211065,
      "from_high_reference": -0.090966,
      "from_low_reference": 0.183293
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      "fair_value_reference": 35.173193,
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      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
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        "sample_count": 5,
        "median_return": 0.040926,
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        "horizon": "Intermediate",
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        "horizon": "Extended",
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        "close": 47.85,
        "volume": 48491,
        "typical_volume": 59900.5,
        "trend": 44.19657,
        "fair_value": 34.234571,
        "relative_strength": 0.979609,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 70.308214,
        "energy": 76.848834,
        "activity_lines": [
          47.378707,
          46.470611,
          44.956088,
          44.595817
        ]
      },
      {
        "date": "2026-06-26",
        "close": 47.57,
        "volume": 54969,
        "typical_volume": 59206.15,
        "trend": 44.35284,
        "fair_value": 34.381978,
        "relative_strength": 2.653508,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.937361,
        "energy": 71.669322,
        "activity_lines": [
          47.568867,
          46.828422,
          45.268914,
          44.813457
        ]
      },
      {
        "date": "2026-07-03",
        "close": 45.91,
        "volume": 106417,
        "typical_volume": 61118.0,
        "trend": 44.44881,
        "fair_value": 34.521093,
        "relative_strength": -3.095119,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.030468,
        "energy": 56.378083,
        "activity_lines": [
          47.105567,
          46.790233,
          45.413455,
          44.913919
        ]
      },
      {
        "date": "2026-07-10",
        "close": 46.17,
        "volume": 36714,
        "typical_volume": 61399.85,
        "trend": 44.532918,
        "fair_value": 34.656356,
        "relative_strength": -3.866844,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 55.384632,
        "energy": 37.228755,
        "activity_lines": [
          46.78,
          46.754022,
          45.576805,
          45.024964
        ]
      },
      {
        "date": "2026-07-17",
        "close": 45.27,
        "volume": 60898,
        "typical_volume": 61963.1,
        "trend": 44.590007,
        "fair_value": 34.786154,
        "relative_strength": -4.144146,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 39.01028,
        "energy": 20.600664,
        "activity_lines": [
          46.116667,
          46.523925,
          45.650774,
          45.072517
        ]
      },
      {
        "date": "2026-07-24",
        "close": 45.8,
        "volume": 46249,
        "typical_volume": 61900.0,
        "trend": 44.657207,
        "fair_value": 34.917048,
        "relative_strength": -2.409536,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 33.132655,
        "energy": 22.084716,
        "activity_lines": [
          45.865333,
          46.404738,
          45.774648,
          45.150582
        ]
      },
      {
        "date": "2026-07-31",
        "close": 44.73,
        "volume": 44000,
        "typical_volume": 59466.15,
        "trend": 44.69054,
        "fair_value": 35.042094,
        "relative_strength": -5.619861,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 21.070556,
        "energy": 18.114288,
        "activity_lines": [
          45.394,
          46.069873,
          45.774787,
          45.155278
        ]
      },
      {
        "date": "2026-08-07",
        "close": 45.1881,
        "volume": 38787,
        "typical_volume": 59275.35,
        "trend": 44.68732,
        "fair_value": 35.173193,
        "relative_strength": -7.733543,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 22.613242,
        "energy": 18.305745,
        "activity_lines": [
          45.2647,
          45.842627,
          45.799032,
          45.187378
        ]
      }
    ],
    "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."
    }
  }
}