{ "ticker": { "uuid": "f498975a-aa58-46fd-be96-6019a8fcea21", "symbol": "KSPY", "name": "KRANESHARES HEDGEYE HEDGED EQUITY INDEX 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": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 66.599, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 77.527, "architecture_energy": 65.77, "architecture_maturity": 34.019, "architecture_confidence": 72.25, "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": 7.66, "rotation_up": 69.59, "upward_expansion": 86.75, "deceleration": 52.51, "rotation_down": 18.25, "downward_expansion": 11.09 }, "activity_lines": [ 29.644187, 29.453069, 29.133557, 28.807761 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 29.8747, "trend_reference": 28.445683, "distance_from_trend": 0.050237, "trend_direction": "Improving", "fair_value": 25.826835, "distance_from_fair_value": 0.156731, "fair_value_direction": "Improving", "relative_strength": -4.130501, "relative_strength_direction": "Improving", "price_momentum": 0.063535, "excess_performance": -0.06209, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.050237, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.023272, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.156731, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.02907, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.041305, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.006103, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.063535, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.498194, "read": "Demand-led" } ], "volume": { "latest": 279667, "relative_activity": 1.504013, "balance": 2.498194, "dry_up": 1.357322, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.014926, "annualized_volatility": 0.07127, "from_high_reference": -0.003845, "from_low_reference": 0.162826 }, "levels": { "trend_reference": 28.445683, "fair_value_reference": 25.826835, "structural_low": 26.815, 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-1.462462, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.857732, "energy": 69.355332, "activity_lines": [ 29.504853, 29.329642, 29.015049, 28.711083 ] }, { "date": "2026-08-07", "close": 29.8747, "volume": 279667, "typical_volume": 185947.15, "trend": 28.445683, "fair_value": 25.826835, "relative_strength": -4.130501, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.527254, "energy": 65.7697, "activity_lines": [ 29.644187, 29.453069, 29.133557, 28.807761 ] } ], "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." } } }