{ "ticker": { "uuid": "f5390daf-3fd6-4361-86d6-f31d2df860ae", "symbol": "COPJ", "name": "Sprott Junior Copper Miners ETF", "exchange": "NASDAQ", "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": "QQQ", "stage": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 80.024, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -12.922, "architecture_energy": 6.977, "architecture_maturity": 22.507, "architecture_confidence": 50.273, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 59.88, "rotation_up": 22.71, "upward_expansion": 13.91, "deceleration": 38.43, "rotation_down": 31.59, "downward_expansion": 61.57 }, "activity_lines": [ 40.962967, 40.456544, 41.045566, 41.280802 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 45.05, "trend_reference": 42.113213, "distance_from_trend": 0.069736, "trend_direction": "Improving", "fair_value": 23.808125, "distance_from_fair_value": 0.892211, "fair_value_direction": "Weakening", "relative_strength": 5.64068, "relative_strength_direction": "Weakening", "price_momentum": 0.004012, "excess_performance": -0.183442, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.069736, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.03947, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.892211, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.12152, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.056407, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.069223, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.004012, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.783182, "read": "Supply-led" } ], "volume": { "latest": 549837, "relative_activity": 1.207541, "balance": 0.783182, "dry_up": 0.780845, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.092844, "annualized_volatility": 0.494271, "from_high_reference": -0.16489, "from_low_reference": 1.001648 }, "levels": { "trend_reference": 42.113213, "fair_value_reference": 23.808125, "structural_low": 33.88, 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advance", "gate": "down", "direction": -59.863318, "energy": 54.490325, "activity_lines": [ 39.07918, 40.229004, 40.927787, 41.457742 ] }, { "date": "2026-07-24", "close": 39.0749, "volume": 305985, "typical_volume": 516512.65, "trend": 42.052547, "fair_value": 23.467036, "relative_strength": -1.913419, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.723073, "energy": 47.258039, "activity_lines": [ 38.878047, 39.870049, 40.757675, 41.263819 ] }, { "date": "2026-07-31", "close": 39.29, "volume": 244767, "typical_volume": 484055.45, "trend": 42.024213, "fair_value": 23.618196, "relative_strength": -2.46912, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.315882, "energy": 40.02076, "activity_lines": [ 38.976953, 39.615387, 40.626359, 41.08559 ] }, { "date": "2026-08-07", "close": 45.05, "volume": 549837, "typical_volume": 455336.0, "trend": 42.113213, "fair_value": 23.808125, "relative_strength": 5.64068, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -12.922431, "energy": 6.976623, "activity_lines": [ 40.962967, 40.456544, 41.045566, 41.280802 ] } ], "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." } } }