{ "ticker": { "uuid": "e0e2333e-cf29-455f-ab40-061ebbb9d254", "symbol": "PGRO", "name": "PUTNAM ETF TR PUTNAM FOCUSED LARGE CAP GROWTH 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": 67.946, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 34.321, "architecture_energy": 20.108, "architecture_maturity": 55.713, "architecture_confidence": 74.34, "architecture_tenure": "Developing", "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": 45.36, "rotation_up": 29.07, "upward_expansion": 50.26, "deceleration": 81.55, "rotation_down": 32.85, "downward_expansion": 28.26 }, "activity_lines": [ 46.190707, 46.294358, 46.471604, 45.662303 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 47.7077, "trend_reference": 44.751047, "distance_from_trend": 0.066069, "trend_direction": "Improving", "fair_value": 37.504401, "distance_from_fair_value": 0.272056, "fair_value_direction": "Weakening", "relative_strength": -4.416921, "relative_strength_direction": "Weakening", "price_momentum": 0.103114, "excess_performance": -0.022511, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.066069, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.014165, "read": "Rising" }, { "label": "Price 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"date": "2026-07-31", "close": 45.26, "volume": 52874, "typical_volume": 196239.95, "trend": 44.6502, "fair_value": 37.362384, "relative_strength": -6.299366, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.210193, "energy": 14.414501, "activity_lines": [ 45.591953, 46.087598, 46.254223, 45.465045 ] }, { "date": "2026-08-07", "close": 47.7077, "volume": 49741, "typical_volume": 196626.45, "trend": 44.751047, "fair_value": 37.504401, "relative_strength": -4.416921, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.320686, "energy": 20.107864, "activity_lines": [ 46.190707, 46.294358, 46.471604, 45.662303 ] } ], "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." } } }