{
  "ticker": {
    "uuid": "e45c249d-9d6a-4510-94bb-bb0a333383b6",
    "symbol": "AADR",
    "name": "ADVISORSHARES DORSEY WRIGHT ADR ETF",
    "exchange": "NASDAQ",
    "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": "QQQ",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 67.393,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -30.091,
    "architecture_energy": 15.291,
    "architecture_maturity": 32.463,
    "architecture_confidence": 71.531,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 48.14,
        "rotation_up": 24.85,
        "upward_expansion": 14.73,
        "deceleration": 40.32,
        "rotation_down": 31.65,
        "downward_expansion": 60.06
      },
      "activity_lines": [
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.166667
    },
    "latest_close": 84.3486,
    "trend_reference": 85.866298,
    "distance_from_trend": -0.017675,
    "trend_direction": "Weakening",
    "fair_value": 70.817978,
    "distance_from_fair_value": 0.191062,
    "fair_value_direction": "Weakening",
    "relative_strength": -13.807698,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.09513,
    "excess_performance": -0.282584,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.017675,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.01047,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.191062,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.063424,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.138077,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.019077,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.09513,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.198577,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 21683,
      "relative_activity": 1.6462,
      "balance": 2.198577,
      "dry_up": 1.328469,
      "accumulation_observations": 2,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.037448,
      "annualized_volatility": 0.227848,
      "from_high_reference": -0.142084,
      "from_low_reference": 0.085707
    },
    "levels": {
      "trend_reference": 85.866298,
      "fair_value_reference": 70.817978,
      "structural_low": 77.69,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
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        "median_return": -0.029439,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
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        "worst_return": -0.083014,
        "sufficient": true
      },
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        "horizon": "Intermediate",
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        "horizon": "Extended",
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        "sufficient": false
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        "horizon": "Full cycle",
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        "regime": "deceleration",
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      },
      {
        "date": "2026-04-24",
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        "typical_volume": 15722.7,
        "trend": 86.632186,
        "fair_value": 67.423286,
        "relative_strength": -12.179816,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
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      {
        "date": "2026-05-01",
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      },
      {
        "date": "2026-05-08",
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        "typical_volume": 16196.0,
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        "fair_value": 67.920692,
        "relative_strength": -15.715369,
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        "gate": "mixed",
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      },
      {
        "date": "2026-05-15",
        "close": 83.609085,
        "volume": 12492,
        "typical_volume": 16685.5,
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        "fair_value": 68.159588,
        "relative_strength": -16.660169,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
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        "energy": 24.877066,
        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
        "close": 85.503979,
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        "typical_volume": 16671.95,
        "trend": 86.739328,
        "fair_value": 68.414118,
        "relative_strength": -15.379364,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -36.878007,
        "energy": 19.870708,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
        "close": 85.747679,
        "volume": 7742,
        "typical_volume": 16394.95,
        "trend": 86.774791,
        "fair_value": 68.664949,
        "relative_strength": -17.151923,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
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        "energy": 16.300923,
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      },
      {
        "date": "2026-06-05",
        "close": 82.037467,
        "volume": 7628,
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        "fair_value": 68.885266,
        "relative_strength": -16.647182,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
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        "energy": 29.062557,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
        "close": 83.126658,
        "volume": 10568,
        "typical_volume": 16422.95,
        "trend": 86.7009,
        "fair_value": 69.103683,
        "relative_strength": -17.09701,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -51.409608,
        "energy": 29.042826,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
        "close": 82.62931,
        "volume": 11627,
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        "trend": 86.756072,
        "fair_value": 69.327984,
        "relative_strength": -19.367178,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
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        "energy": 42.723396,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
        "close": 80.7846,
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        "typical_volume": 15879.25,
        "trend": 86.587098,
        "fair_value": 69.535983,
        "relative_strength": -17.123628,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.746321,
        "energy": 58.779661,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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        "volume": 8333,
        "typical_volume": 13984.5,
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        "fair_value": 69.760747,
        "relative_strength": -15.800823,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -55.257306,
        "energy": 51.956533,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 84.185,
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        "typical_volume": 14007.5,
        "trend": 86.475035,
        "fair_value": 69.983548,
        "relative_strength": -15.3003,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -52.632516,
        "energy": 38.588901,
        "activity_lines": [
          82.773365,
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      },
      {
        "date": "2026-07-17",
        "close": 82.115,
        "volume": 4380,
        "typical_volume": 13764.15,
        "trend": 86.362798,
        "fair_value": 70.188584,
        "relative_strength": -13.525411,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -55.687827,
        "energy": 33.453751,
        "activity_lines": [
          82.597721,
          82.829075,
          83.389807,
          84.612928
        ]
      },
      {
        "date": "2026-07-24",
        "close": 82.58,
        "volume": 31879,
        "typical_volume": 14432.4,
        "trend": 86.196137,
        "fair_value": 70.387895,
        "relative_strength": -11.383413,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -50.132098,
        "energy": 26.471974,
        "activity_lines": [
          82.64452,
          82.712295,
          83.306034,
          84.368877
        ]
      },
      {
        "date": "2026-07-31",
        "close": 82.9496,
        "volume": 12050,
        "typical_volume": 14516.55,
        "trend": 86.040797,
        "fair_value": 70.598062,
        "relative_strength": -11.232751,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -37.433278,
        "energy": 19.425725,
        "activity_lines": [
          82.817807,
          82.681426,
          83.272489,
          84.159423
        ]
      },
      {
        "date": "2026-08-07",
        "close": 84.3486,
        "volume": 21683,
        "typical_volume": 13171.55,
        "trend": 85.866298,
        "fair_value": 70.817978,
        "relative_strength": -13.807698,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -30.091157,
        "energy": 15.291308,
        "activity_lines": [
          83.313093,
          82.951364,
          83.369604,
          84.050249
        ]
      }
    ],
    "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."
    }
  }
}