{ "ticker": { "uuid": "e2547d41-a62f-44e5-9c43-e45f4ac661a7", "symbol": "NBCR", "name": "NEUBERGER CORE EQUITY 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": 64.795, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 84.221, "architecture_energy": 63.237, "architecture_maturity": 37.269, "architecture_confidence": 75.393, "architecture_tenure": "Established", "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": 17.65, "rotation_up": 63.41, "upward_expansion": 85.93, "deceleration": 50.82, "rotation_down": 22.93, "downward_expansion": 10.26 }, "activity_lines": [ 34.00616, 33.757535, 33.449163, 32.8899 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": 0.833333 }, "latest_close": 34.82, "trend_reference": 32.308353, "distance_from_trend": 0.07774, "trend_direction": "Improving", "fair_value": 29.177024, "distance_from_fair_value": 0.193405, "fair_value_direction": "Improving", "relative_strength": -2.096293, "relative_strength_direction": "Improving", "price_momentum": 0.097644, "excess_performance": -0.027981, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.07774, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.022637, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.193405, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.027866, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.020963, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.004462, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.097644, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.519799, "read": "Supply-led" } ], "volume": { "latest": 186982, "relative_activity": 0.923999, "balance": 0.519799, "dry_up": 0.758145, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.021081, "annualized_volatility": 0.140474, "from_high_reference": -0.003149, "from_low_reference": 0.209028 }, "levels": { "trend_reference": 32.308353, "fair_value_reference": 29.177024, "structural_low": 28.8, 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60.547921, "energy": 49.72612, "activity_lines": [ 33.579973, 33.495565, 33.016589, 32.542339 ] }, { "date": "2026-07-24", "close": 33.29, "volume": 170282, "typical_volume": 316067.55, "trend": 32.148337, "fair_value": 29.078794, "relative_strength": -2.18367, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.782521, "energy": 46.782434, "activity_lines": [ 33.509147, 33.463804, 33.111304, 32.618858 ] }, { "date": "2026-07-31", "close": 33.75, "volume": 101817, "typical_volume": 203614.45, "trend": 32.220503, "fair_value": 29.123281, "relative_strength": -1.838909, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.957047, "energy": 47.42997, "activity_lines": [ 33.609653, 33.515215, 33.237686, 32.722191 ] }, { "date": "2026-08-07", "close": 34.82, "volume": 186982, "typical_volume": 202361.65, "trend": 32.308353, "fair_value": 29.177024, "relative_strength": -2.096293, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.221467, "energy": 63.236872, "activity_lines": [ 34.00616, 33.757535, 33.449163, 32.8899 ] } ], "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." } } }