{ "ticker": { "uuid": "effd6cb5-d20c-4cf1-8bce-9bc6ad55180d", "symbol": "ZAUG", "name": "Innovator Equity Defined Protection ETF - 1 Yr August", "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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 63.392, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 90.783, "architecture_energy": 92.741, "architecture_maturity": 32.114, "architecture_confidence": 71.392, "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": 0.0, "rotation_up": 80.88, "upward_expansion": 98.85, "deceleration": 39.64, "rotation_down": 15.53, "downward_expansion": 20.85 }, "activity_lines": [ 27.726667, 27.632273, 27.50386, 27.349484 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 27.88, "trend_reference": 27.162247, "distance_from_trend": 0.026425, "trend_direction": "Improving", "fair_value": 25.885011, "distance_from_fair_value": 0.077071, "fair_value_direction": "Improving", "relative_strength": -7.587522, "relative_strength_direction": "Improving", "price_momentum": 0.039135, "excess_performance": -0.08649, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.026425, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.011808, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.077071, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.012206, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.075875, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.005418, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.039135, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 17.031728, "read": "Demand-led" } ], "volume": { "latest": 1225548, "relative_activity": 9.92617, "balance": 17.031728, "dry_up": 3.236641, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.004964, "annualized_volatility": 0.028642, "from_high_reference": -0.001075, "from_low_reference": 0.080201 }, "levels": { "trend_reference": 27.162247, "fair_value_reference": 25.885011, "structural_low": 25.81, 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-7.185812, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.74581, "energy": 68.183222, "activity_lines": [ 27.505333, 27.464547, 27.31726, 27.187702 ] }, { "date": "2026-07-17", "close": 27.605, "volume": 67888, "typical_volume": 51250.6, "trend": 27.062763, "fair_value": 25.831031, "relative_strength": -5.48088, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.37353, "energy": 78.644368, "activity_lines": [ 27.547, 27.496182, 27.36015, 27.224758 ] }, { "date": "2026-07-24", "close": 27.645, "volume": 36402, "typical_volume": 51116.1, "trend": 27.093083, "fair_value": 25.848473, "relative_strength": -4.606458, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.168875, "energy": 88.513634, "activity_lines": [ 27.591333, 27.529909, 27.403437, 27.262322 ] }, { "date": "2026-07-31", "close": 27.69, "volume": 268627, "typical_volume": 62988.55, "trend": 27.125913, "fair_value": 25.866011, "relative_strength": -5.245068, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.71772, "energy": 88.734263, "activity_lines": [ 27.64, 27.566455, 27.446914, 27.300833 ] }, { "date": "2026-08-07", "close": 27.88, "volume": 1225548, "typical_volume": 123466.35, "trend": 27.162247, "fair_value": 25.885011, "relative_strength": -7.587522, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.782575, "energy": 92.740669, "activity_lines": [ 27.726667, 27.632273, 27.50386, 27.349484 ] } ], "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." } } }