{ "ticker": { "uuid": "f436a6a4-161f-45a8-9f42-7e55102c320a", "symbol": "PBMY", "name": "PGIM S&P 500 BUFFER 20 ETF - MAY", "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": 55.145, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 82.344, "architecture_energy": 59.314, "architecture_maturity": 41.574, "architecture_confidence": 70.958, "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": 19.87, "rotation_up": 64.23, "upward_expansion": 81.53, "deceleration": 60.6, "rotation_down": 19.66, "downward_expansion": 8.2 }, "activity_lines": [ 31.34656, 31.234285, 31.092089, 30.902493 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Stable", "price_acceptance": 0.666667 }, "latest_close": 31.6492, "trend_reference": 30.656753, "distance_from_trend": 0.032373, "trend_direction": "Improving", "fair_value": 28.465909, "distance_from_fair_value": 0.111828, "fair_value_direction": "Improving", "relative_strength": -6.634022, "relative_strength_direction": "Improving", "price_momentum": 0.048501, "excess_performance": -0.077124, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.032373, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.014739, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.111828, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.013737, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.06634, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.00531, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.048501, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 6.183141, "read": "Demand-led" } ], "volume": { "latest": 9550, "relative_activity": 0.174652, "balance": 6.183141, "dry_up": 0.313812, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.009336, "annualized_volatility": 0.041614, "from_high_reference": -0.000341, "from_low_reference": 0.089939 }, "levels": { "trend_reference": 30.656753, "fair_value_reference": 28.465909, "structural_low": 29.9535, 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"up", "direction": 63.169646, "energy": 48.550819, "activity_lines": [ 31.19502, 31.135162, 31.014416, 30.835143 ] }, { "date": "2026-08-07", "close": 31.6492, "volume": 9550, "typical_volume": 54680.05, "trend": 30.656753, "fair_value": 28.465909, "relative_strength": -6.634022, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.343735, "energy": 59.313726, "activity_lines": [ 31.34656, 31.234285, 31.092089, 30.902493 ] } ], "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." } } }