{
  "ticker": {
    "uuid": "e27344c6-6865-4fea-b2a8-7114bd763b44",
    "symbol": "METV",
    "name": "LISTED FUND TRUST ROUNDHILL BALL METAVERSE ETF USD",
    "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": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 77.761,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 62.835,
    "architecture_energy": 33.423,
    "architecture_maturity": 24.444,
    "architecture_confidence": 65.039,
    "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": 32.71,
        "rotation_up": 46.48,
        "upward_expansion": 76.87,
        "deceleration": 60.41,
        "rotation_down": 23.69,
        "downward_expansion": 3.54
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      "activity_lines": [
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 19.195,
    "trend_reference": 17.786257,
    "distance_from_trend": 0.079204,
    "trend_direction": "Weakening",
    "fair_value": 14.890347,
    "distance_from_fair_value": 0.28909,
    "fair_value_direction": "Weakening",
    "relative_strength": -7.997639,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.136471,
    "excess_performance": 0.010846,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.079204,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.011748,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.28909,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.040832,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.079976,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.005719,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.136471,
        "read": "Positive"
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      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.041097,
        "read": "Demand-led"
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    ],
    "volume": {
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      "balance": 1.041097,
      "dry_up": 0.823489,
      "accumulation_observations": 1,
      "distribution_observations": 3
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    "risk": {
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      "annualized_volatility": 0.256205,
      "from_high_reference": -0.101651,
      "from_low_reference": 0.265743
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    "levels": {
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      "structural_low": 15.165,
      "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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      },
      {
        "date": "2026-04-17",
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      },
      {
        "date": "2026-06-05",
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      },
      {
        "date": "2026-06-12",
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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        "fair_value": 14.624613,
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        "stage": 3,
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        "modifier": "Recompressing",
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      },
      {
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        "relative_strength": -6.952935,
        "stage": 3,
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        "modifier": "Momentum cooling",
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        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 274009.3,
        "trend": 17.834971,
        "fair_value": 14.731044,
        "relative_strength": -7.321838,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 54.466921,
        "energy": 38.785089,
        "activity_lines": [
          18.718,
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      },
      {
        "date": "2026-07-24",
        "close": 18.31,
        "volume": 167778,
        "typical_volume": 267543.2,
        "trend": 17.81609,
        "fair_value": 14.77955,
        "relative_strength": -8.729609,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 52.894176,
        "energy": 38.644399,
        "activity_lines": [
          18.62,
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      },
      {
        "date": "2026-07-31",
        "close": 18.26,
        "volume": 233635,
        "typical_volume": 267114.65,
        "trend": 17.784423,
        "fair_value": 14.830419,
        "relative_strength": -9.689303,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 47.936887,
        "energy": 28.812257,
        "activity_lines": [
          18.528667,
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          18.369435,
          18.010448
        ]
      },
      {
        "date": "2026-08-07",
        "close": 19.195,
        "volume": 145842,
        "typical_volume": 259124.2,
        "trend": 17.786257,
        "fair_value": 14.890347,
        "relative_strength": -7.997639,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 62.834858,
        "energy": 33.422812,
        "activity_lines": [
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      }
    ],
    "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."
    }
  }
}