{ "ticker": { "uuid": "e9c86db4-96e6-4d93-b2df-7c245ab4dac6", "symbol": "UNOV", "name": "Innovator U.S. Equity Ultra Buffer ETF - November", "exchange": "CBOE", "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": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 57.517, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 87.388, "architecture_energy": 72.195, "architecture_maturity": 42.001, "architecture_confidence": 79.422, "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": 8.87, "rotation_up": 65.86, "upward_expansion": 88.18, "deceleration": 53.05, "rotation_down": 24.92, "downward_expansion": 12.51 }, "activity_lines": [ 40.524147, 40.342795, 40.039529, 39.582906 ], "activity_state": "Moderate", "activity_direction": "Stable", "rotation_direction": "Weakening", "price_acceptance": 0.833333 }, "latest_close": 40.965, "trend_reference": 39.06716, "distance_from_trend": 0.048579, "trend_direction": "Improving", "fair_value": 35.035367, "distance_from_fair_value": 0.169247, "fair_value_direction": "Improving", "relative_strength": -5.036842, "relative_strength_direction": "Improving", "price_momentum": 0.066797, "excess_performance": -0.058828, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.048579, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.019931, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.169247, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.009683, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.050368, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.005905, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.066797, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 17.059678, "read": "Demand-led" } ], "volume": { "latest": 25766, "relative_activity": 0.170698, "balance": 17.059678, "dry_up": 0.171826, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.010083, "annualized_volatility": 0.06744, "from_high_reference": -0.001097, "from_low_reference": 0.142678 }, "levels": { "trend_reference": 39.06716, "fair_value_reference": 35.035367, "structural_low": 36.71, 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"activity_lines": [ 39.995733, 39.943853, 39.416032, 39.065076 ] }, { "date": "2026-07-10", "close": 40.435, "volume": 10960, "typical_volume": 158995.65, "trend": 38.767697, "fair_value": 34.793847, "relative_strength": -4.599928, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.843223, "energy": 78.125927, "activity_lines": [ 40.157413, 40.049329, 39.560836, 39.177945 ] }, { "date": "2026-07-17", "close": 40.2511, "volume": 29320, "typical_volume": 152130.75, "trend": 38.84406, "fair_value": 34.852703, "relative_strength": -3.397698, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.197623, "energy": 77.626148, "activity_lines": [ 40.21346, 40.101347, 39.678073, 39.273649 ] }, { "date": "2026-07-24", "close": 40.14, "volume": 27459, "typical_volume": 151705.5, "trend": 38.905393, "fair_value": 34.910042, "relative_strength": -2.969144, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.500765, "energy": 71.216118, "activity_lines": [ 40.207807, 40.123055, 39.775106, 39.357258 ] }, { "date": "2026-07-31", "close": 40.42, "volume": 21200, "typical_volume": 151144.55, "trend": 38.98206, "fair_value": 34.971132, "relative_strength": -3.187515, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.773173, "energy": 67.353164, "activity_lines": [ 40.294887, 40.187993, 39.888031, 39.454974 ] }, { "date": "2026-08-07", "close": 40.965, "volume": 25766, "typical_volume": 150945.15, "trend": 39.06716, "fair_value": 35.035367, "relative_strength": -5.036842, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.388334, "energy": 72.195337, "activity_lines": [ 40.524147, 40.342795, 40.039529, 39.582906 ] } ], "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." } } }