{ "ticker": { "uuid": "f1af8746-c890-474f-8756-911be21e6fd0", "symbol": "NBDS", "name": "NEUBERGER DISRUPTERS 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": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 55.688, "architecture_energy": 30.773, "architecture_maturity": 68.921, "architecture_confidence": 90.599, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 25.77, "rotation_up": 35.77, "upward_expansion": 61.5, "deceleration": 85.36, "rotation_down": 27.28, "downward_expansion": 20.5 }, "activity_lines": [ 40.028507, 40.245209, 39.505143, 37.944483 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 41.6517, "trend_reference": 36.20747, "distance_from_trend": 0.150362, "trend_direction": "Improving", "fair_value": 30.808241, "distance_from_fair_value": 0.351966, "fair_value_direction": "Improving", "relative_strength": 3.2748, "relative_strength_direction": "Improving", "price_momentum": 0.306429, "excess_performance": 0.180804, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.150362, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.043752, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.351966, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.071956, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.032748, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.054298, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.306429, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.108551, "read": "Demand-led" } ], "volume": { "latest": 168641, "relative_activity": 0.860142, "balance": 3.108551, "dry_up": 1.231894, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.054786, "annualized_volatility": 0.26128, "from_high_reference": -0.026829, "from_low_reference": 0.415757 }, "levels": { "trend_reference": 36.20747, "fair_value_reference": 30.808241, "structural_low": 29.4201, "invalidation": "A sustained loss 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"stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.670183, "energy": 48.988566, "activity_lines": [ 40.588127, 40.483725, 38.730699, 37.202257 ] }, { "date": "2026-07-24", "close": 38.8278, "volume": 25229, "typical_volume": 150997.15, "trend": 35.92486, "fair_value": 30.583187, "relative_strength": 0.623515, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.540814, "energy": 36.515659, "activity_lines": [ 39.908793, 40.247685, 38.93385, 37.395299 ] }, { "date": "2026-07-31", "close": 38.82, "volume": 741435, "typical_volume": 187992.7, "trend": 36.034483, "fair_value": 30.685198, "relative_strength": -0.393948, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.410471, "energy": 26.564785, "activity_lines": [ 39.4467, 39.986707, 39.102983, 37.582082 ] }, { "date": "2026-08-07", "close": 41.6517, "volume": 168641, "typical_volume": 196061.9, "trend": 36.20747, "fair_value": 30.808241, "relative_strength": 3.2748, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.688305, "energy": 30.772988, "activity_lines": [ 40.028507, 40.245209, 39.505143, 37.944483 ] } ], "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." } } }