{ "ticker": { "uuid": "e1288c86-df66-47a0-a97e-2dc3fdb32eb4", "symbol": "XNTK", "name": "STATE STREET SPDR NYSE TECHNOLOGY 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": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 39.36, "architecture_energy": 24.965, "architecture_maturity": 73.448, "architecture_confidence": 91.072, "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": 43.89, "rotation_up": 24.5, "upward_expansion": 55.47, "deceleration": 91.11, "rotation_down": 31.05, "downward_expansion": 19.13 }, "activity_lines": [ 348.347333, 354.552693, 350.118816, 333.719502 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 362.45, "trend_reference": 313.64748, "distance_from_trend": 0.155597, "trend_direction": "Improving", "fair_value": 222.950133, "distance_from_fair_value": 0.6257, "fair_value_direction": "Weakening", "relative_strength": 9.986137, "relative_strength_direction": "Weakening", "price_momentum": 0.34421, "excess_performance": 0.218585, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.155597, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.094093, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.6257, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.038634, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.099861, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.053398, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.34421, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.942218, "read": "Supply-led" } ], "volume": { "latest": 242814, "relative_activity": 0.946095, "balance": 0.942218, "dry_up": 0.830576, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.075867, "annualized_volatility": 0.294368, "from_high_reference": -0.076419, "from_low_reference": 0.558675 }, "levels": { "trend_reference": 313.64748, "fair_value_reference": 222.950133, "structural_low": 242.73, "invalidation": 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"date": "2026-07-24", "close": 337.82, "volume": 190770, "typical_volume": 247724.0, "trend": 309.211017, "fair_value": 220.249986, "relative_strength": 8.047176, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.735941, "energy": 25.058052, "activity_lines": [ 350.421333, 358.317993, 345.936299, 328.616086 ] }, { "date": "2026-07-31", "close": 336.99, "volume": 241045, "typical_volume": 250499.5, "trend": 311.126038, "fair_value": 221.504928, "relative_strength": 6.249004, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.659791, "energy": 23.104643, "activity_lines": [ 344.112, 354.01589, 346.988331, 330.408279 ] }, { "date": "2026-08-07", "close": 362.45, "volume": 242814, "typical_volume": 256648.7, "trend": 313.64748, "fair_value": 222.950133, "relative_strength": 9.986137, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.360241, "energy": 24.964572, "activity_lines": [ 348.347333, 354.552693, 350.118816, 333.719502 ] } ], "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." } } }