{
  "ticker": {
    "uuid": "38e229be-69dd-46af-ba12-2ed6fcb2f200",
    "symbol": "XLVI",
    "name": "STATE STREET HEALTH CARE SELECT SECTOR SPDR PREMIUM INCOME 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": 26.7402,
    "direction": "positive",
    "state": "Positive across all Trend views",
    "is_fresh": false,
    "is_near_boundary": false,
    "direction_boundary": 21.670901,
    "boundary_margin": 0.233922,
    "trend_agreement": "Fully aligned",
    "persistence": "Early",
    "direction_turnover": "Low",
    "annualized_volatility": 0.121356,
    "volatility_stability": 1.0156,
    "risk_context": 0.824,
    "current_regime": {
      "move": 0.014454,
      "interruption": 0.0,
      "interruption_label": "Deepest pullback inside regime"
    },
    "research_priority": 90.769,
    "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 remains in its early lifecycle.",
      "boundary_context": "The latest close is 23.4% above the decision boundary.",
      "stability_context": "Recent Core Trend turnover is low."
    },
    "chart_path": [
      {
        "date": "2026-07-31",
        "close": 26.359207,
        "direction_boundary": 21.79427,
        "core_momentum": 0.209456,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.122543
      },
      {
        "date": "2026-08-07",
        "close": 26.7402,
        "direction_boundary": 21.670901,
        "core_momentum": 0.233922,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.121356
      }
    ],
    "price_history": [
      {
        "date": "2025-08-01",
        "close": 21.79427,
        "volume": 6153
      },
      {
        "date": "2025-08-08",
        "close": 21.670901,
        "volume": 4177
      },
      {
        "date": "2025-08-15",
        "close": 22.450392,
        "volume": 6077
      },
      {
        "date": "2025-08-22",
        "close": 22.617151,
        "volume": 10643
      },
      {
        "date": "2025-08-29",
        "close": 22.651058,
        "volume": 6085
      },
      {
        "date": "2025-09-05",
        "close": 22.743824,
        "volume": 12318
      },
      {
        "date": "2025-09-12",
        "close": 22.823277,
        "volume": 12465
      },
      {
        "date": "2025-09-19",
        "close": 22.841711,
        "volume": 9431
      },
      {
        "date": "2025-09-26",
        "close": 22.714858,
        "volume": 8265
      },
      {
        "date": "2025-10-03",
        "close": 23.431539,
        "volume": 11641
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      {
        "date": "2025-10-10",
        "close": 23.383041,
        "volume": 12226
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        "date": "2025-10-17",
        "close": 23.585208,
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      {
        "date": "2025-10-24",
        "close": 24.010301,
        "volume": 15113
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      {
        "date": "2025-10-31",
        "close": 23.843681,
        "volume": 18733
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      {
        "date": "2025-11-07",
        "close": 24.070601,
        "volume": 13805
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      {
        "date": "2025-11-14",
        "close": 24.372704,
        "volume": 96259
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      {
        "date": "2025-11-21",
        "close": 24.553428,
        "volume": 23552
      },
      {
        "date": "2025-11-28",
        "close": 24.843198,
        "volume": 41287
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      {
        "date": "2025-12-05",
        "close": 24.602529,
        "volume": 211064
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      {
        "date": "2025-12-12",
        "close": 24.718515,
        "volume": 35616
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      {
        "date": "2025-12-19",
        "close": 24.901864,
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      {
        "date": "2025-12-26",
        "close": 25.159226,
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      {
        "date": "2026-01-02",
        "close": 25.152333,
        "volume": 34542
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        "date": "2026-01-09",
        "close": 25.378459,
        "volume": 36293
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      {
        "date": "2026-01-16",
        "close": 25.231629,
        "volume": 35800
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      {
        "date": "2026-01-23",
        "close": 25.479571,
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        "date": "2026-01-30",
        "close": 25.133458,
        "volume": 61920
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        "date": "2026-02-06",
        "close": 25.61981,
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        "date": "2026-02-13",
        "close": 25.606991,
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        "date": "2026-02-20",
        "close": 25.548059,
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        "date": "2026-02-27",
        "close": 25.94508,
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      {
        "date": "2026-03-06",
        "close": 25.066615,
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        "date": "2026-03-13",
        "close": 24.649419,
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        "date": "2026-03-20",
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      {
        "date": "2026-03-27",
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      {
        "date": "2026-04-03",
        "close": 24.364722,
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        "date": "2026-04-10",
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        "date": "2026-04-17",
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        "date": "2026-04-24",
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      {
        "date": "2026-05-01",
        "close": 24.145501,
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      {
        "date": "2026-05-08",
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      {
        "date": "2026-05-15",
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      {
        "date": "2026-05-22",
        "close": 24.901484,
        "volume": 48676
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      {
        "date": "2026-05-29",
        "close": 24.874089,
        "volume": 64630
      },
      {
        "date": "2026-06-05",
        "close": 25.204215,
        "volume": 71897
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      {
        "date": "2026-06-12",
        "close": 25.381517,
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      {
        "date": "2026-06-19",
        "close": 24.927224,
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      {
        "date": "2026-06-26",
        "close": 26.06756,
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      {
        "date": "2026-07-03",
        "close": 26.053927,
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        "date": "2026-07-10",
        "close": 26.091449,
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      {
        "date": "2026-07-17",
        "close": 26.054856,
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      {
        "date": "2026-07-24",
        "close": 26.302482,
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      {
        "date": "2026-07-31",
        "close": 26.359207,
        "volume": 234653
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      {
        "date": "2026-08-07",
        "close": 26.7402,
        "volume": 116201
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    ],
    "sharemaestro_context": {
      "trend": 25.171383,
      "fair_value": 24.508436,
      "market_activity": 80.570714,
      "market_dynamics": 0.987953,
      "relative_strength": -3.167381
    },
    "historical_outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 0,
        "median_return": null,
        "directional_follow_through": null,
        "regime_survival": null,
        "conditional_difference": null,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 0,
        "median_return": null,
        "directional_follow_through": null,
        "regime_survival": null,
        "conditional_difference": null,
        "sufficient": false
      },
      {
        "horizon": "Longer term",
        "sample_count": 0,
        "median_return": null,
        "directional_follow_through": null,
        "regime_survival": null,
        "conditional_difference": null,
        "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": "2026-07-31",
        "end": "2026-08-07",
        "tenure": "Brief",
        "return": 0.014454
      }
    ]
  }
}