{ "ticker": { "uuid": "ed4f63f8-6300-470a-a9f8-c6845b7baf2d", "symbol": "BKCI", "name": "BNY MELLON ETF TR CONCENTRATED INTERNATIONAL 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": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 48.144, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 75.756, "architecture_energy": 43.865, "architecture_maturity": 30.278, "architecture_confidence": 74.171, "architecture_tenure": "Developing", "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": 19.49, "rotation_up": 52.03, "upward_expansion": 78.58, "deceleration": 56.32, "rotation_down": 26.3, "downward_expansion": 7.58 }, "activity_lines": [ 53.78864, 53.601411, 53.2159, 52.711273 ], "activity_state": "Moderate", "activity_direction": "Stable", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 55.1133, "trend_reference": 52.359653, "distance_from_trend": 0.052591, "trend_direction": "Improving", "fair_value": 49.565822, "distance_from_fair_value": 0.111921, "fair_value_direction": "Improving", "relative_strength": -5.159206, "relative_strength_direction": "Improving", "price_momentum": 0.056071, "excess_performance": -0.069554, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.052591, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.014017, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.111921, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.033262, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.051592, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.028143, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.056071, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.861312, "read": "Supply-led" } ], "volume": { "latest": 16755, "relative_activity": 0.507321, "balance": 0.861312, "dry_up": 0.91588, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.021221, "annualized_volatility": 0.155056, "from_high_reference": -0.002292, "from_low_reference": 0.152275 }, "levels": { "trend_reference": 52.359653, "fair_value_reference": 49.565822, "structural_low": 47.83, "invalidation": 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52.089629, "fair_value": 49.334477, "relative_strength": -4.712225, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.896616, "energy": 54.03208, "activity_lines": [ 53.484267, 53.251429, 52.490467, 52.275847 ] }, { "date": "2026-07-10", "close": 53.6503, "volume": 24282, "typical_volume": 55811.9, "trend": 52.174821, "fair_value": 49.374527, "relative_strength": -6.29334, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.365846, "energy": 50.813737, "activity_lines": [ 53.59522, 53.366851, 52.649278, 52.376535 ] }, { "date": "2026-07-17", "close": 53.05, "volume": 15773, "typical_volume": 45435.3, "trend": 52.233875, "fair_value": 49.415445, "relative_strength": -5.650838, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.428995, "energy": 38.138802, "activity_lines": [ 53.43454, 53.345485, 52.749687, 52.432999 ] }, { "date": "2026-07-24", "close": 52.42, "volume": 59921, "typical_volume": 33722.6, "trend": 52.250833, "fair_value": 49.451235, "relative_strength": -5.967725, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.1953, "energy": 24.93382, "activity_lines": [ 53.088073, 53.205898, 52.794192, 52.445007 ] }, { "date": "2026-07-31", "close": 53.5632, "volume": 28544, "typical_volume": 33656.5, "trend": 52.29854, "fair_value": 49.50437, "relative_strength": -4.775863, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.09673, "energy": 23.84251, "activity_lines": [ 53.19478, 53.268925, 52.94062, 52.529675 ] }, { "date": "2026-08-07", "close": 55.1133, "volume": 16755, "typical_volume": 33026.45, "trend": 52.359653, "fair_value": 49.565822, "relative_strength": -5.159206, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.756472, "energy": 43.864911, "activity_lines": [ 53.78864, 53.601411, 53.2159, 52.711273 ] } ], "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." } } }