{
  "ticker": {
    "uuid": "10a9cf29-522c-4fe4-8ca0-21f669b894ae",
    "symbol": "TOPT",
    "name": "ISHARES TOP 20 U.S. STOCKS ETF",
    "exchange": "NYSEARCA",
    "country": "US",
    "assetType": "etf"
  },
  "methodBoundary": "The SM framework classifies the established weekly price path as the Core Trend. Faster and slower Trend views and Sharemaestro context describe that state but do not alter its direction.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "latest_close": 34.06,
    "direction": "positive",
    "state": "Positive across all Trend views",
    "is_fresh": false,
    "is_near_boundary": false,
    "direction_boundary": 28.672965,
    "boundary_margin": 0.187879,
    "trend_agreement": "Fully aligned",
    "persistence": "Mature",
    "direction_turnover": "Low",
    "annualized_volatility": 0.185284,
    "volatility_stability": 1.1508,
    "risk_context": 0.5397,
    "current_regime": {
      "move": 0.108864,
      "interruption": -0.121542,
      "interruption_label": "Deepest pullback inside regime"
    },
    "research_priority": 100.0,
    "interpretation": {
      "label": "Positive across all Trend views",
      "headline": "All measured Trend views are positive",
      "body": "The faster, intermediate, established and Core Trend views point in the same direction, giving the current regime broad agreement.",
      "age_context": "The current Core Trend has persisted into a mature lifecycle.",
      "boundary_context": "The latest close is 18.8% above the decision boundary.",
      "stability_context": "Recent Core Trend turnover is low."
    },
    "chart_path": [
      {
        "date": "2025-10-24",
        "close": 30.716124,
        "direction_boundary": 24.765748,
        "core_momentum": 0.240266,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.134846
      },
      {
        "date": "2025-10-31",
        "close": 31.384083,
        "direction_boundary": 24.199731,
        "core_momentum": 0.296877,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.133708
      },
      {
        "date": "2025-11-07",
        "close": 30.716124,
        "direction_boundary": 25.540298,
        "core_momentum": 0.202653,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.138451
      },
      {
        "date": "2025-11-14",
        "close": 30.885606,
        "direction_boundary": 24.825329,
        "core_momentum": 0.244117,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.116602
      },
      {
        "date": "2025-11-21",
        "close": 30.227617,
        "direction_boundary": 25.103373,
        "core_momentum": 0.204126,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.114102
      },
      {
        "date": "2025-11-28",
        "close": 31.344205,
        "direction_boundary": 25.401276,
        "core_momentum": 0.233962,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.118714
      },
      {
        "date": "2025-12-05",
        "close": 31.324266,
        "direction_boundary": 26.146036,
        "core_momentum": 0.19805,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.119074
      },
      {
        "date": "2025-12-12",
        "close": 30.975332,
        "direction_boundary": 26.42408,
        "core_momentum": 0.172239,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.1214
      },
      {
        "date": "2025-12-19",
        "close": 31.106984,
        "direction_boundary": 26.13603,
        "core_momentum": 0.190195,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.120933
      },
      {
        "date": "2025-12-26",
        "close": 31.556075,
        "direction_boundary": 26.43416,
        "core_momentum": 0.193761,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.111215
      },
      {
        "date": "2026-01-02",
        "close": 31.027146,
        "direction_boundary": 26.185719,
        "core_momentum": 0.184888,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.11512
      },
      {
        "date": "2026-01-09",
        "close": 31.106984,
        "direction_boundary": 25.62921,
        "core_momentum": 0.213732,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.114993
      },
      {
        "date": "2026-01-16",
        "close": 30.697813,
        "direction_boundary": 26.076405,
        "core_momentum": 0.177226,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.117207
      },
      {
        "date": "2026-01-23",
        "close": 30.607995,
        "direction_boundary": 26.553412,
        "core_momentum": 0.152695,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.116711
      },
      {
        "date": "2026-01-30",
        "close": 30.717773,
        "direction_boundary": 26.066467,
        "core_momentum": 0.17844,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.113352
      },
      {
        "date": "2026-02-06",
        "close": 30.578056,
        "direction_boundary": 26.185719,
        "core_momentum": 0.167738,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.104869
      },
      {
        "date": "2026-02-13",
        "close": 29.749734,
        "direction_boundary": 26.781978,
        "core_momentum": 0.110812,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.112262
      },
      {
        "date": "2026-02-20",
        "close": 30.138945,
        "direction_boundary": 26.126093,
        "core_momentum": 0.153596,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.112825
      },
      {
        "date": "2026-02-27",
        "close": 29.93935,
        "direction_boundary": 25.639148,
        "core_momentum": 0.16772,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.113434
      },
      {
        "date": "2026-03-06",
        "close": 29.759714,
        "direction_boundary": 24.536068,
        "core_momentum": 0.212897,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.113367
      },
      {
        "date": "2026-03-13",
        "close": 29.370502,
        "direction_boundary": 23.969622,
        "core_momentum": 0.225322,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.110599
      },
      {
        "date": "2026-03-20",
        "close": 28.579771,
        "direction_boundary": 24.11434,
        "core_momentum": 0.185177,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.114376
      },
      {
        "date": "2026-03-27",
        "close": 27.720679,
        "direction_boundary": 23.616932,
        "core_momentum": 0.173763,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.120995
      },
      {
        "date": "2026-04-03",
        "close": 28.819517,
        "direction_boundary": 21.388544,
        "core_momentum": 0.347428,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.132697
      },
      {
        "date": "2026-04-10",
        "close": 30.038228,
        "direction_boundary": 23.179213,
        "core_momentum": 0.295912,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.142348
      },
      {
        "date": "2026-04-17",
        "close": 31.556622,
        "direction_boundary": 22.433101,
        "core_momentum": 0.406699,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.156674
      },
      {
        "date": "2026-04-24",
        "close": 31.756411,
        "direction_boundary": 23.805947,
        "core_momentum": 0.33397,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.155584
      },
      {
        "date": "2026-05-01",
        "close": 32.265872,
        "direction_boundary": 24.452577,
        "core_momentum": 0.319528,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.154317
      },
      {
        "date": "2026-05-08",
        "close": 33.434636,
        "direction_boundary": 24.253614,
        "core_momentum": 0.378542,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.15788
      },
      {
        "date": "2026-05-15",
        "close": 33.924118,
        "direction_boundary": 25.775683,
        "core_momentum": 0.316129,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.158632
      },
      {
        "date": "2026-05-22",
        "close": 33.724329,
        "direction_boundary": 25.109156,
        "core_momentum": 0.343109,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.155119
      },
      {
        "date": "2026-05-29",
        "close": 34.193833,
        "direction_boundary": 25.73589,
        "core_momentum": 0.328644,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.148835
      },
      {
        "date": "2026-06-05",
        "close": 33.075016,
        "direction_boundary": 26.044283,
        "core_momentum": 0.269953,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.157224
      },
      {
        "date": "2026-06-12",
        "close": 32.755354,
        "direction_boundary": 26.044283,
        "core_momentum": 0.257679,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.156986
      },
      {
        "date": "2026-06-19",
        "close": 33.27,
        "direction_boundary": 26.013819,
        "core_momentum": 0.278936,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.158073
      },
      {
        "date": "2026-06-26",
        "close": 31.84,
        "direction_boundary": 27.099388,
        "core_momentum": 0.174934,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.16964
      },
      {
        "date": "2026-07-03",
        "close": 32.68,
        "direction_boundary": 27.438006,
        "core_momentum": 0.191049,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.171352
      },
      {
        "date": "2026-07-10",
        "close": 33.59,
        "direction_boundary": 27.447965,
        "core_momentum": 0.22377,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.174959
      },
      {
        "date": "2026-07-17",
        "close": 32.93,
        "direction_boundary": 27.766665,
        "core_momentum": 0.185954,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.176415
      },
      {
        "date": "2026-07-24",
        "close": 32.53,
        "direction_boundary": 28.14512,
        "core_momentum": 0.155795,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.177475
      },
      {
        "date": "2026-07-31",
        "close": 32.67,
        "direction_boundary": 27.696949,
        "core_momentum": 0.179552,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.177488
      },
      {
        "date": "2026-08-07",
        "close": 34.06,
        "direction_boundary": 28.672965,
        "core_momentum": 0.187879,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.185284
      }
    ],
    "price_history": [
      {
        "date": "2024-10-25",
        "close": 24.765748,
        "volume": 239311
      },
      {
        "date": "2024-11-01",
        "close": 24.199731,
        "volume": 1630264
      },
      {
        "date": "2024-11-08",
        "close": 25.540298,
        "volume": 1215117
      },
      {
        "date": "2024-11-15",
        "close": 24.825329,
        "volume": 900141
      },
      {
        "date": "2024-11-22",
        "close": 25.103373,
        "volume": 770824
      },
      {
        "date": "2024-11-29",
        "close": 25.401276,
        "volume": 436509
      },
      {
        "date": "2024-12-06",
        "close": 26.146036,
        "volume": 823629
      },
      {
        "date": "2024-12-13",
        "close": 26.42408,
        "volume": 1007884
      },
      {
        "date": "2024-12-20",
        "close": 26.13603,
        "volume": 1857056
      },
      {
        "date": "2024-12-27",
        "close": 26.43416,
        "volume": 1136213
      },
      {
        "date": "2025-01-03",
        "close": 26.185719,
        "volume": 1323751
      },
      {
        "date": "2025-01-10",
        "close": 25.62921,
        "volume": 1540583
      },
      {
        "date": "2025-01-17",
        "close": 26.076405,
        "volume": 1734791
      },
      {
        "date": "2025-01-24",
        "close": 26.553412,
        "volume": 1118218
      },
      {
        "date": "2025-01-31",
        "close": 26.066467,
        "volume": 1676514
      },
      {
        "date": "2025-02-07",
        "close": 26.185719,
        "volume": 1428613
      },
      {
        "date": "2025-02-14",
        "close": 26.781978,
        "volume": 904417
      },
      {
        "date": "2025-02-21",
        "close": 26.126093,
        "volume": 1188537
      },
      {
        "date": "2025-02-28",
        "close": 25.639148,
        "volume": 1817255
      },
      {
        "date": "2025-03-07",
        "close": 24.536068,
        "volume": 2050159
      },
      {
        "date": "2025-03-14",
        "close": 23.969622,
        "volume": 2233839
      },
      {
        "date": "2025-03-21",
        "close": 24.11434,
        "volume": 1112653
      },
      {
        "date": "2025-03-28",
        "close": 23.616932,
        "volume": 969848
      },
      {
        "date": "2025-04-04",
        "close": 21.388544,
        "volume": 1886129
      },
      {
        "date": "2025-04-11",
        "close": 23.179213,
        "volume": 3757159
      },
      {
        "date": "2025-04-18",
        "close": 22.433101,
        "volume": 1273695
      },
      {
        "date": "2025-04-25",
        "close": 23.805947,
        "volume": 2187394
      },
      {
        "date": "2025-05-02",
        "close": 24.452577,
        "volume": 1598723
      },
      {
        "date": "2025-05-09",
        "close": 24.253614,
        "volume": 1085357
      },
      {
        "date": "2025-05-16",
        "close": 25.775683,
        "volume": 1407520
      },
      {
        "date": "2025-05-23",
        "close": 25.109156,
        "volume": 633333
      },
      {
        "date": "2025-05-30",
        "close": 25.73589,
        "volume": 717402
      },
      {
        "date": "2025-06-06",
        "close": 26.044283,
        "volume": 1074183
      },
      {
        "date": "2025-06-13",
        "close": 26.044283,
        "volume": 858869
      },
      {
        "date": "2025-06-20",
        "close": 26.013819,
        "volume": 521301
      },
      {
        "date": "2025-06-27",
        "close": 27.099388,
        "volume": 620816
      },
      {
        "date": "2025-07-04",
        "close": 27.438006,
        "volume": 572675
      },
      {
        "date": "2025-07-11",
        "close": 27.447965,
        "volume": 719946
      },
      {
        "date": "2025-07-18",
        "close": 27.766665,
        "volume": 501423
      },
      {
        "date": "2025-07-25",
        "close": 28.14512,
        "volume": 570366
      },
      {
        "date": "2025-08-01",
        "close": 27.696949,
        "volume": 771430
      },
      {
        "date": "2025-08-08",
        "close": 28.672965,
        "volume": 874805
      },
      {
        "date": "2025-08-15",
        "close": 28.931908,
        "volume": 1116015
      },
      {
        "date": "2025-08-22",
        "close": 28.732721,
        "volume": 934069
      },
      {
        "date": "2025-08-29",
        "close": 28.792477,
        "volume": 581543
      },
      {
        "date": "2025-09-05",
        "close": 29.05142,
        "volume": 1114817
      },
      {
        "date": "2025-09-12",
        "close": 29.708738,
        "volume": 1566778
      },
      {
        "date": "2025-09-19",
        "close": 30.147861,
        "volume": 1462517
      },
      {
        "date": "2025-09-26",
        "close": 30.088044,
        "volume": 1378655
      },
      {
        "date": "2025-10-03",
        "close": 30.476856,
        "volume": 1388018
      },
      {
        "date": "2025-10-10",
        "close": 29.798928,
        "volume": 2119512
      },
      {
        "date": "2025-10-17",
        "close": 30.247556,
        "volume": 3238176
      },
      {
        "date": "2025-10-24",
        "close": 30.716124,
        "volume": 2885168
      },
      {
        "date": "2025-10-31",
        "close": 31.384083,
        "volume": 4528798
      },
      {
        "date": "2025-11-07",
        "close": 30.716124,
        "volume": 4656464
      },
      {
        "date": "2025-11-14",
        "close": 30.885606,
        "volume": 2456703
      },
      {
        "date": "2025-11-21",
        "close": 30.227617,
        "volume": 4357234
      },
      {
        "date": "2025-11-28",
        "close": 31.344205,
        "volume": 2202576
      },
      {
        "date": "2025-12-05",
        "close": 31.324266,
        "volume": 2565233
      },
      {
        "date": "2025-12-12",
        "close": 30.975332,
        "volume": 2552769
      },
      {
        "date": "2025-12-19",
        "close": 31.106984,
        "volume": 2064718
      },
      {
        "date": "2025-12-26",
        "close": 31.556075,
        "volume": 1047599
      },
      {
        "date": "2026-01-02",
        "close": 31.027146,
        "volume": 1199346
      },
      {
        "date": "2026-01-09",
        "close": 31.106984,
        "volume": 2358510
      },
      {
        "date": "2026-01-16",
        "close": 30.697813,
        "volume": 1907556
      },
      {
        "date": "2026-01-23",
        "close": 30.607995,
        "volume": 2190462
      },
      {
        "date": "2026-01-30",
        "close": 30.717773,
        "volume": 2221063
      },
      {
        "date": "2026-02-06",
        "close": 30.578056,
        "volume": 2187068
      },
      {
        "date": "2026-02-13",
        "close": 29.749734,
        "volume": 2952159
      },
      {
        "date": "2026-02-20",
        "close": 30.138945,
        "volume": 1718300
      },
      {
        "date": "2026-02-27",
        "close": 29.93935,
        "volume": 1864477
      },
      {
        "date": "2026-03-06",
        "close": 29.759714,
        "volume": 4030914
      },
      {
        "date": "2026-03-13",
        "close": 29.370502,
        "volume": 3138065
      },
      {
        "date": "2026-03-20",
        "close": 28.579771,
        "volume": 2467313
      },
      {
        "date": "2026-03-27",
        "close": 27.720679,
        "volume": 2051433
      },
      {
        "date": "2026-04-03",
        "close": 28.819517,
        "volume": 1771545
      },
      {
        "date": "2026-04-10",
        "close": 30.038228,
        "volume": 1777908
      },
      {
        "date": "2026-04-17",
        "close": 31.556622,
        "volume": 1958472
      },
      {
        "date": "2026-04-24",
        "close": 31.756411,
        "volume": 1859497
      },
      {
        "date": "2026-05-01",
        "close": 32.265872,
        "volume": 1371493
      },
      {
        "date": "2026-05-08",
        "close": 33.434636,
        "volume": 1687422
      },
      {
        "date": "2026-05-15",
        "close": 33.924118,
        "volume": 1693239
      },
      {
        "date": "2026-05-22",
        "close": 33.724329,
        "volume": 1698948
      },
      {
        "date": "2026-05-29",
        "close": 34.193833,
        "volume": 1510689
      },
      {
        "date": "2026-06-05",
        "close": 33.075016,
        "volume": 1355008
      },
      {
        "date": "2026-06-12",
        "close": 32.755354,
        "volume": 1808090
      },
      {
        "date": "2026-06-19",
        "close": 33.27,
        "volume": 1952411
      },
      {
        "date": "2026-06-26",
        "close": 31.84,
        "volume": 2826874
      },
      {
        "date": "2026-07-03",
        "close": 32.68,
        "volume": 1169064
      },
      {
        "date": "2026-07-10",
        "close": 33.59,
        "volume": 1258963
      },
      {
        "date": "2026-07-17",
        "close": 32.93,
        "volume": 1910933
      },
      {
        "date": "2026-07-24",
        "close": 32.53,
        "volume": 1517880
      },
      {
        "date": "2026-07-31",
        "close": 32.67,
        "volume": 1691185
      },
      {
        "date": "2026-08-07",
        "close": 34.06,
        "volume": 1385113
      }
    ],
    "sharemaestro_context": {
      "trend": 31.565809,
      "fair_value": 28.620018,
      "market_activity": 20.217499,
      "market_dynamics": -0.230577,
      "relative_strength": -2.176092
    },
    "historical_outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 8,
        "median_return": 0.000419,
        "directional_follow_through": 0.5,
        "regime_survival": 1.0,
        "conditional_difference": 0.010147,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": 0.02,
        "directional_follow_through": 0.5,
        "regime_survival": 1.0,
        "conditional_difference": -0.00436,
        "sufficient": false
      },
      {
        "horizon": "Longer term",
        "sample_count": 1,
        "median_return": 0.033868,
        "directional_follow_through": 1.0,
        "regime_survival": 1.0,
        "conditional_difference": -0.032676,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 0,
        "median_return": null,
        "directional_follow_through": null,
        "regime_survival": null,
        "conditional_difference": null,
        "sufficient": false
      }
    ],
    "regime_history": [
      {
        "direction": "positive",
        "start": "2025-10-24",
        "end": "2026-08-07",
        "tenure": "Extended",
        "return": 0.108864
      }
    ]
  }
}