{ "ticker": { "uuid": "ff719332-d814-4a43-b29d-cf72a4ea1e32", "symbol": "SPTE", "name": "SP FUNDS S&P GLOBAL TECHNOLOGY ETF", "exchange": "NYSE", "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": 48.498, "architecture_energy": 25.515, "architecture_maturity": 64.575, "architecture_confidence": 94.418, "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": 34.52, "rotation_up": 31.19, "upward_expansion": 57.88, "deceleration": 88.0, "rotation_down": 26.99, "downward_expansion": 19.22 }, "activity_lines": [ 46.086457, 46.315365, 45.797363, 43.88506 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 47.74, "trend_reference": 41.482893, "distance_from_trend": 0.150836, "trend_direction": "Improving", "fair_value": 30.607847, "distance_from_fair_value": 0.559731, "fair_value_direction": "Weakening", "relative_strength": 11.440319, "relative_strength_direction": "Weakening", "price_momentum": 0.29954, "excess_performance": 0.173915, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.150836, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.102837, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.559731, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.007945, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.114403, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.069131, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.29954, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.64156, "read": "Demand-led" } ], "volume": { "latest": 191561, "relative_activity": 0.722369, "balance": 1.64156, "dry_up": 0.672205, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.065838, "annualized_volatility": 0.280828, "from_high_reference": -0.05918, "from_low_reference": 0.555154 }, "levels": { "trend_reference": 41.482893, "fair_value_reference": 30.607847, "structural_low": 32.872099, "invalidation": "A 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"positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-06", "end": "2025-07-04", "tenure": "Developing", "return": 0.073541, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-11", "end": "2025-11-21", "tenure": "Established", "return": 0.057627, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-28", "end": "2025-12-26", "tenure": "Developing", "return": 0.01897, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-02", "end": "2026-03-27", "tenure": "Established", "return": -0.054178, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", 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"typical_volume": 261606.5, "trend": 41.101559, "fair_value": 30.485475, "relative_strength": 9.283815, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.152782, "energy": 21.48499, "activity_lines": [ 45.439257, 46.113252, 45.380288, 43.456773 ] }, { "date": "2026-08-07", "close": 47.74, "volume": 191561, "typical_volume": 265184.25, "trend": 41.482893, "fair_value": 30.607847, "relative_strength": 11.440319, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.498433, "energy": 25.515142, "activity_lines": [ 46.086457, 46.315365, 45.797363, 43.88506 ] } ], "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." } } }