Weekly structural research ยท NYSEARCA ยท Market

AVMC Stage Analysis

AMERICAN CENTURY ETF TRUST AVANTIS US MID CAP EQUITY ETF

Week ending 2 Oct 2026Close USD 77.32Tenure NewBenchmark SPY
Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction
Deceleration ยท Recompressing

The upward structure remains, but its energy is decelerating.

Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down.

  • The Trend gate is up within the current regime.
  • Fast Activity versus Slow Activity: weakening.
  • Activity structure: compressed and contracting.
Direction -8โˆ’100 bearish to +100 bullish
Energy 28/100directional strength
Maturity 34/100lifecycle context
Confidence 80/100evidence agreement
Trend gate Upstructural direction
Activity structure Compressedcontracting separation
Price acceptance -66.7%position within the Activity structure
Fair Value context +17.3%USD 65.94 ยท weakening
Trend Architecture map ยท Historical context

Weekly close, Activity, Trend and Fair Value

Follow price and Trend first, then add Activity Lines to inspect the structure. Subtle bands show the regime recognized at each completed observation; the dashed line marks current Fair Value, not a historical forecast.

CloseTrendCurrent Fair Value
Background stage key
  • BalanceDirection is contained.
  • Rotation UpStructure is turning higher.
  • Upward ExpansionUptrend is established.
  • DecelerationUptrend is losing energy.
  • Downward ExpansionDowntrend is established.
View chart values ยท 152 observations
WeekCloseTrendRelative StrengthVolumeRegimeDirectionEnergy
2026-10-0277.3277.63-5.15132696Deceleration-828
2026-09-2577.4277.48-5.31110561Upward Expansion-623
2026-09-1877.3577.44-4.27115484Upward Expansion615
2026-09-1178.6077.40-2.87116844Upward Expansion3419
2026-09-0480.0077.29-1.9669163Upward Expansion5843
2026-08-2880.0777.14-1.8372877Upward Expansion6159
2026-08-2181.0376.91-0.2488508Upward Expansion6263
2026-08-1482.2876.66-0.12121090Upward Expansion7759
2026-08-0781.0176.37-1.5099743Upward Expansion6945
2026-07-3179.3776.11-0.11104530Upward Expansion4634
2026-07-2479.1575.840.70107181Upward Expansion5742
2026-07-1778.9475.58-0.17131252Upward Expansion6047
2026-07-1079.6275.31-0.89285151Upward Expansion6357
2026-07-0379.8075.030.6583632Upward Expansion6967
2026-06-2679.8274.722.83146633Upward Expansion7164
2026-06-1979.2374.40-0.3181773Upward Expansion6863
2026-06-1279.5474.000.96186976Upward Expansion7561
2026-06-0577.7473.62-0.7693652Upward Expansion6248
2026-05-2978.4173.32-2.4751729Upward Expansion7152
2026-05-2277.7372.99-1.98159679Upward Expansion6860
2026-05-1576.3372.71-3.0092816Upward Expansion6370
2026-05-0877.2972.43-1.69192036Upward Expansion6777
2026-05-0177.2572.080.47368358Upward Expansion6974
2026-04-2476.9871.821.02115612Upward Expansion6964
2026-04-1776.9171.551.45160215Deceleration6738
2026-04-1074.5671.292.76110371Deceleration2618
2026-04-0372.5671.113.65114509Deceleration523
2026-03-2770.8870.994.71155194Deceleration827
2026-03-2070.5870.911.9673372Deceleration1020
2026-03-1371.2470.851.0399160Upward Expansion3326
2026-03-0672.8170.721.6995656Upward Expansion6253
2026-02-2776.0270.504.0489344Upward Expansion7285
2026-02-2076.2870.153.8952577Upward Expansion8082
2026-02-1375.3369.873.79176379Upward Expansion7676
2026-02-0675.6069.582.83114604Upward Expansion8585
2026-01-3073.0069.28-0.9487202Upward Expansion6678
2026-01-2373.5269.080.0445337Upward Expansion7582
2026-01-1673.7168.81-0.16115834Upward Expansion8384
2026-01-0973.0668.47-1.50204953Upward Expansion8278
2026-01-0271.2068.15-2.5883469Upward Expansion6568
2025-12-2671.4667.91-3.3451175Upward Expansion6873
2025-12-1970.9667.64-2.7588385Upward Expansion6469
2025-12-1271.1267.35-2.52102839Upward Expansion6961
2025-12-0570.4767.14-4.1073258Deceleration6438
2025-11-2870.0766.85-4.50148207Deceleration6230
2025-11-2167.5266.55-4.7982074Deceleration1911
2025-11-1468.1366.27-6.0165647Deceleration4729
2025-11-0768.5765.91-5.4648827Deceleration4128
2025-10-3168.4965.52-7.2857215Deceleration3923
2025-10-2469.3365.08-5.6757342Deceleration5232
2025-10-1768.0564.80-5.7650232Upward Expansion4229
2025-10-1066.8764.58-5.92268196Upward Expansion4837
2025-10-0369.4364.38-4.8363898Upward Expansion6957
2025-09-2668.8664.14-4.6947380Upward Expansion6558
2025-09-1968.9864.00-4.9229875Upward Expansion6769
2025-09-1269.0963.85-3.7033001Upward Expansion7183
2025-09-0568.9863.76-2.4158388Upward Expansion7383
2025-08-2968.5863.67-2.7040514Upward Expansion7475
2025-08-2268.8763.61-2.4068622Upward Expansion8160
2025-08-1567.2963.57-4.4334930Upward Expansion7053
2025-08-0866.1163.55-5.26298200Upward Expansion6255
2025-08-0165.6263.48-3.74170095Upward Expansion6573
2025-07-2567.7963.44-3.0349341Rotation Up7886
2025-07-1866.7163.33-3.2459106Rotation Up4368
2025-07-1166.6763.25-2.7457093Rotation Up4766
2025-07-0466.8863.25-2.7156266Rotation Up4153
2025-06-2765.2763.29-3.4254921Rotation Up2837
2025-06-2063.7463.41-2.4370525Balance1925
2025-06-1363.2963.56-3.3052055Balance-317
2025-06-0664.2163.64-2.2628853Balance421
2025-05-3063.1663.72-2.3255949Downward Expansion-1523
2025-05-2362.4263.71-1.86171639Downward Expansion-2226
2025-05-1664.7163.73-0.9598823Downward Expansion-1221
2025-05-0961.69โ€”โ€”67165Not yet classifiedโ€”โ€”
2025-05-0261.11โ€”โ€”60814Not yet classifiedโ€”โ€”
2025-04-2559.30โ€”โ€”87470Not yet classifiedโ€”โ€”
2025-04-1857.22โ€”โ€”290245Not yet classifiedโ€”โ€”
2025-04-1156.92โ€”โ€”170591Not yet classifiedโ€”โ€”
2025-04-0455.19โ€”โ€”161891Not yet classifiedโ€”โ€”
2025-03-2860.88โ€”โ€”115633Not yet classifiedโ€”โ€”
2025-03-2161.46โ€”โ€”68450Not yet classifiedโ€”โ€”
2025-03-1460.88โ€”โ€”113134Not yet classifiedโ€”โ€”
2025-03-0762.22โ€”โ€”99762Not yet classifiedโ€”โ€”
2025-02-2864.59โ€”โ€”99506Not yet classifiedโ€”โ€”
2025-02-2164.68โ€”โ€”90420Not yet classifiedโ€”โ€”
2025-02-1466.34โ€”โ€”199851Not yet classifiedโ€”โ€”
2025-02-0766.28โ€”โ€”73104Not yet classifiedโ€”โ€”
2025-01-3166.88โ€”โ€”128253Not yet classifiedโ€”โ€”
2025-01-2467.56โ€”โ€”48522Not yet classifiedโ€”โ€”
2025-01-1766.82โ€”โ€”82164Not yet classifiedโ€”โ€”
2025-01-1063.80โ€”โ€”65305Not yet classifiedโ€”โ€”
2025-01-0364.62โ€”โ€”78584Not yet classifiedโ€”โ€”
2024-12-2764.46โ€”โ€”56627Not yet classifiedโ€”โ€”
2024-12-2064.34โ€”โ€”85483Not yet classifiedโ€”โ€”
2024-12-1366.65โ€”โ€”51048Not yet classifiedโ€”โ€”
2024-12-0668.07โ€”โ€”56254Not yet classifiedโ€”โ€”
2024-11-2968.75โ€”โ€”25013Not yet classifiedโ€”โ€”
2024-11-2268.14โ€”โ€”40088Not yet classifiedโ€”โ€”
2024-11-1565.68โ€”โ€”36197Not yet classifiedโ€”โ€”
2024-11-0866.81โ€”โ€”42232Not yet classifiedโ€”โ€”
2024-11-0162.85โ€”โ€”40231Not yet classifiedโ€”โ€”
2024-10-2563.04โ€”โ€”41796Not yet classifiedโ€”โ€”
2024-10-1864.47โ€”โ€”39394Not yet classifiedโ€”โ€”
2024-10-1163.68โ€”โ€”35058Not yet classifiedโ€”โ€”
2024-10-0463.07โ€”โ€”56360Not yet classifiedโ€”โ€”
2024-09-2762.93โ€”โ€”61535Not yet classifiedโ€”โ€”
2024-09-2062.13โ€”โ€”28340Not yet classifiedโ€”โ€”
2024-09-1360.57โ€”โ€”182558Not yet classifiedโ€”โ€”
2024-09-0658.68โ€”โ€”36015Not yet classifiedโ€”โ€”
2024-08-3061.56โ€”โ€”196279Not yet classifiedโ€”โ€”
2024-08-2361.34โ€”โ€”42555Not yet classifiedโ€”โ€”
2024-08-1659.73โ€”โ€”114521Not yet classifiedโ€”โ€”
2024-08-0958.05โ€”โ€”198902Not yet classifiedโ€”โ€”
2024-08-0258.04โ€”โ€”42567Not yet classifiedโ€”โ€”
2024-07-2660.40โ€”โ€”17286Not yet classifiedโ€”โ€”
2024-07-1959.67โ€”โ€”12365Not yet classifiedโ€”โ€”
2024-07-1259.69โ€”โ€”28318Not yet classifiedโ€”โ€”
2024-07-0557.54โ€”โ€”24633Not yet classifiedโ€”โ€”
2024-06-2858.02โ€”โ€”105242Not yet classifiedโ€”โ€”
2024-06-2158.20โ€”โ€”20825Not yet classifiedโ€”โ€”
2024-06-1457.52โ€”โ€”9406Not yet classifiedโ€”โ€”
2024-06-0758.09โ€”โ€”22764Not yet classifiedโ€”โ€”
2024-05-3159.07โ€”โ€”30959Not yet classifiedโ€”โ€”
2024-05-2459.33โ€”โ€”17875Not yet classifiedโ€”โ€”
2024-05-1759.67โ€”โ€”131561Not yet classifiedโ€”โ€”
2024-05-1059.19โ€”โ€”663245Not yet classifiedโ€”โ€”
2024-05-0357.99โ€”โ€”26732Not yet classifiedโ€”โ€”
2024-04-2657.82โ€”โ€”5552Not yet classifiedโ€”โ€”
2024-04-1956.38โ€”โ€”14384Not yet classifiedโ€”โ€”
2024-04-1257.78โ€”โ€”9217Not yet classifiedโ€”โ€”
2024-04-0559.57โ€”โ€”13953Not yet classifiedโ€”โ€”
2024-03-2960.69โ€”โ€”12281Not yet classifiedโ€”โ€”
2024-03-2259.64โ€”โ€”29451Not yet classifiedโ€”โ€”
2024-03-1558.29โ€”โ€”12374Not yet classifiedโ€”โ€”
2024-03-0858.67โ€”โ€”6054Not yet classifiedโ€”โ€”
2024-03-0157.80โ€”โ€”9370Not yet classifiedโ€”โ€”
2024-02-2356.59โ€”โ€”3045Not yet classifiedโ€”โ€”
2024-02-1655.89โ€”โ€”12560Not yet classifiedโ€”โ€”
2024-02-0955.19โ€”โ€”8494Not yet classifiedโ€”โ€”
2024-02-0254.59โ€”โ€”28724Not yet classifiedโ€”โ€”
2024-01-2654.40โ€”โ€”2540Not yet classifiedโ€”โ€”
2024-01-1953.64โ€”โ€”5437Not yet classifiedโ€”โ€”
2024-01-1253.62โ€”โ€”15961Not yet classifiedโ€”โ€”
2024-01-0553.57โ€”โ€”51747Not yet classifiedโ€”โ€”
2023-12-2954.72โ€”โ€”30223Not yet classifiedโ€”โ€”
2023-12-2254.64โ€”โ€”46303Not yet classifiedโ€”โ€”
2023-12-1553.97โ€”โ€”11599Not yet classifiedโ€”โ€”
2023-12-0851.70โ€”โ€”13247Not yet classifiedโ€”โ€”
2023-12-0151.71โ€”โ€”4410Not yet classifiedโ€”โ€”
2023-11-2450.29โ€”โ€”54954Not yet classifiedโ€”โ€”
2023-11-1749.82โ€”โ€”1892Not yet classifiedโ€”โ€”
2023-11-1048.04โ€”โ€”247Not yet classifiedโ€”โ€”
Price vs TrendBelow-0.4%
Trend directionRising+2.4%
Price vs current Fair ValuePremium+17.3%
Fair Value directionMoving away-6.1%
Relative Strength vs benchmarkLagging-5.1%
Relative strength directionWeakening-5.8%
Price momentumPositive+6.6%
Volume balanceSupply-led0.54ร—
Beyond the current label

Is the structure strengthening or losing force?

Direction and energy measure different things

Direction shows the upward or downward lean. Energy shows the force behind the structural move: high energy can accompany a strong decline as well as an advance.

Direction

-8 / ยฑ100

-65.8 points since 2026-09-04

Energy

28 /100

-15.2 points since 2026-09-04

Recent change compares the latest reading with four observations earlier. Missing readings remain unavailable. Use the chart values above to inspect individual observations.

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated
Balance49
Rotation Up14
Upward Expansion43
Deceleration82
Rotation Down52
Downward Expansion39

The winning regime is the state most consistent with the complete SM evidence set. Direction, energy, maturity and confidence describe different aspects of the current structure, while contradictory evidence remains visible rather than being averaged into false certainty.

Time spent in each state

The context behind todayโ€™s regime

2023-11-10 to 2026-10-02 ยท 73 classified observations out of 152 shown.

Balance 4%Rotation Up 7%Upward Expansion 67%Deceleration 18%Downward Expansion 4%
Recent Trend Architecture ledger
RegimeRecognizedLast observationTenureMove inside regime
Deceleration2026-10-022026-10-02New+0.0%
Upward Expansion2026-04-242026-09-25Established+0.6%
Deceleration2026-03-202026-04-17Developing+9.0%
Upward Expansion2025-12-122026-03-13Established+0.2%
Deceleration2025-10-242025-12-05Developing+1.6%
Upward Expansion2025-08-012025-10-17Developing+3.7%
Rotation Up2025-06-272025-07-25Developing+3.9%
Balance2025-06-062025-06-20New-0.7%
Downward Expansion2025-05-162025-05-30New-2.4%
Classic Stage Analysis comparison
Stage 1 ยท Basing30
Stage 2 ยท Advancing55
Stage 3 ยท Distribution80
Stage 4 ยท Declining44

Legacy result: Stage 3 ยท Stage 3B ยท Distribution. It remains visible while the experimental architecture is validated rather than being silently discarded.

Leadership versus SPY

Is relative performance confirming the geometry?

Confirmation, not classification

Relative Strength

The security is compared with its market benchmark on the SM scale. Above zero indicates relative leadership; direction shows whether that leadership is improving or weakening.

Confirmation evidence

Lagging benchmark

Architecture confirmation
39/100
Current Relative Strength
-5.15
Relative Strength direction
Weakening
Price momentum
+6.6%
Excess performance vs benchmark
-11.1%
Sector regime cohort
57th percentile917 in cohort
Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry
Relative volume1.12ร—

Latest completed volume relative to typical participation.

Up/down volume0.54ร—

Participation balance between advancing and declining observations.

Accumulation / distribution1 / 3

Recent participation evidence classified by demand and supply.

Activity alignment+50.0%

Current positive alignment across Activity and Trend.

Fast/slow rotationWeakening

Current relationship between Fast Activity and Slow Activity.

Structure stability+25.0%

Whether recent Activity evidence is stable or remains in balance.

Weekly volume with architecture context

Bars show completed weekly volume; the dashed line provides typical-volume context. Both measures use the same scale.

Decision architecture

References that would change the structural read

Evidence levels, not orders
Fast Activity USD 77.70falling
Slow Activity USD 78.80rising
Trend Reference USD 77.63-0.4% close margin
Current Fair Value USD 65.94+17.3% close margin
Structural low USD 72.34shock / repair context
What changes the read?

Renewed positive order and expanding width produce re-acceleration; fast/slow failure with downside acceptance produces Rotation Down.

Range context +2.4%
Annualized volatility +9.5%
From structural high -6.2%
From structural low +17.0%
Point-in-time evidence

What followed this architecture in this market?

Descriptive history, never a forecast

Historical comparisons use only the structural read that would have been available at each completed observation. Independent observations are used where possible, with benchmark comparison beginning after each recognized state.

Outcome horizon Samples Median movePositive periodsDirectional follow-through Median excess vs SPY Regime survived Read
Near term4+2.2%-2.6% to +9.0%+50.0%+50.0%-0.2%+50.0%Too little matched history
Intermediate2+9.2%+6.1% to +12.3%+100.0%+100.0%+0.4%+0.0%Too little matched history
Extended1+11.0%+11.0% to +11.0%+100.0%+100.0%+5.0%+0.0%Too little matched history
Full cycle0โ€”โ€”โ€”โ€”โ€”Too little matched history
Evidence framework

What the analysis measures and where its limits lie

Trend Architecture

Trend Architecture brings Price, Fast Activity, Slow Activity and Trend into one structural read. It identifies balance, rotation, expansion, deceleration and contraction while requiring persistent evidence for confirmed regime changes.

Evidence roles

Trend, Activity, relative strength, volume and Fair Value each have a defined role in the SM evidence framework. No single reading is treated as sufficient on its own, and conflicting evidence remains visible.

Fair Value and RS

Current Fair Value provides a long-term price anchor and shows whether price is trading above, below or repairing toward that reference. Relative Strength compares the security with its benchmark and shows whether leadership is improving or weakening.

Known limitations

Weekly structure recognizes conditions after they develop. Event gaps can bypass smooth transitions, sideways markets can rotate repeatedly, and historical samples for a particular regime can be thin.

Independent market research for education. Not investment advice, a recommendation, a forecast, a target, or an execution instruction. Historical regime behaviour does not establish what happens next.

Evidence context