{ "ticker": { "uuid": "f3898b0d-e887-4d2f-9bff-22172826ec0e", "symbol": "VFMF", "name": "VANGUARD U.S. MULTIFACTOR ETF ETF SHARES", "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": "2026-08-21", "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": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 77.889, "architecture_energy": 84.426, "architecture_maturity": 44.372, "architecture_confidence": 86.692, "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": 77.66, "upward_expansion": 96.67, "deceleration": 41.68, "rotation_down": 16.09, "downward_expansion": 18.67 }, "activity_lines": [ 185.495273, 183.122289, 178.730039, 174.358307 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 186.77, "trend_reference": 169.077041, "distance_from_trend": 0.104644, "trend_direction": "Improving", "fair_value": 133.557168, "distance_from_fair_value": 0.398427, "fair_value_direction": "Improving", "relative_strength": 6.526462, "relative_strength_direction": "Improving", "price_momentum": 0.146904, "excess_performance": 0.030331, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.104644, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.062449, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.398427, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.059005, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.065265, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.0427, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.146904, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 6.245343, "read": "Demand-led" } ], "volume": { "latest": 223745, "relative_activity": 1.246677, "balance": 6.245343, "dry_up": 1.407682, "accumulation_observations": 7, "distribution_observations": 1 }, "risk": { "range_context": 0.01941, "annualized_volatility": 0.1122, "from_high_reference": -0.006912, "from_low_reference": 0.352012 }, "levels": { "trend_reference": 169.077041, "fair_value_reference": 133.557168, "structural_low": 150.767135, 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"2026-08-07", "close": 184.7589, "volume": 246832, "typical_volume": 161128.9, "trend": 166.986099, "fair_value": 132.44036, "relative_strength": 4.795978, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.841532, "energy": 88.04513, "activity_lines": [ 182.241633, 180.214891, 175.917255, 171.828011 ] }, { "date": "2026-08-14", "close": 187.4806, "volume": 287887, "typical_volume": 171675.65, "trend": 168.044907, "fair_value": 132.999411, "relative_strength": 5.682222, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.692203, "energy": 91.035301, "activity_lines": [ 184.24924, 181.88387, 177.439963, 173.150237 ] }, { "date": "2026-08-21", "close": 186.77, "volume": 223745, "typical_volume": 179473.1, "trend": 169.077041, "fair_value": 133.557168, "relative_strength": 6.526462, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.889278, "energy": 84.42633, "activity_lines": [ 185.495273, 183.122289, 178.730039, 174.358307 ] } ], "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." } } }