{
  "ticker": {
    "uuid": "6581ef3f-2444-4962-af72-b7a03387c126",
    "symbol": "TCAL",
    "name": "T. ROWE PRICE CAPITAL APPRECIATION 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": 23.1,
    "direction": "positive",
    "state": "Positive, Trend views divided",
    "is_fresh": false,
    "is_near_boundary": false,
    "direction_boundary": 22.571848,
    "boundary_margin": 0.023399,
    "trend_agreement": "Broadly aligned",
    "persistence": "Early",
    "direction_turnover": "High",
    "annualized_volatility": 0.106219,
    "volatility_stability": 0.8211,
    "risk_context": 0.9415,
    "current_regime": {
      "move": 0.019868,
      "interruption": 0.0,
      "interruption_label": "Deepest pullback inside regime"
    },
    "research_priority": 44.878,
    "interpretation": {
      "label": "Positive, Trend views divided",
      "headline": "Positive, Trend views divided",
      "body": "The Core Trend remains intact, but faster and slower Trend views disagree. The regime is less settled than a fully aligned trend.",
      "age_context": "The current Core Trend remains in its early lifecycle.",
      "boundary_context": "The latest close is 2.3% above the decision boundary.",
      "stability_context": "Recent Core Trend turnover is high."
    },
    "chart_path": [
      {
        "date": "2026-03-27",
        "close": 21.607836,
        "direction_boundary": 22.052141,
        "core_momentum": -0.020148,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.088393
      },
      {
        "date": "2026-04-03",
        "close": 22.167675,
        "direction_boundary": 21.16168,
        "core_momentum": 0.047539,
        "direction": "positive",
        "trend_agreement": 0.25,
        "volatility": 0.094251
      },
      {
        "date": "2026-04-10",
        "close": 22.334645,
        "direction_boundary": 21.636158,
        "core_momentum": 0.032283,
        "direction": "positive",
        "trend_agreement": 0.25,
        "volatility": 0.094597
      },
      {
        "date": "2026-04-17",
        "close": 22.668584,
        "direction_boundary": 21.68875,
        "core_momentum": 0.045177,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.096694
      },
      {
        "date": "2026-04-24",
        "close": 22.324823,
        "direction_boundary": 21.684434,
        "core_momentum": 0.029532,
        "direction": "positive",
        "trend_agreement": 0.25,
        "volatility": 0.098712
      },
      {
        "date": "2026-05-01",
        "close": 21.889723,
        "direction_boundary": 21.984502,
        "core_momentum": -0.004311,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.098438
      },
      {
        "date": "2026-05-08",
        "close": 21.499532,
        "direction_boundary": 21.906779,
        "core_momentum": -0.01859,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.101225
      },
      {
        "date": "2026-05-15",
        "close": 21.499532,
        "direction_boundary": 22.065952,
        "core_momentum": -0.025669,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.099106
      },
      {
        "date": "2026-05-22",
        "close": 21.938497,
        "direction_boundary": 21.968354,
        "core_momentum": -0.001359,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.103789
      },
      {
        "date": "2026-05-29",
        "close": 21.735978,
        "direction_boundary": 22.241509,
        "core_momentum": -0.022729,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.102759
      },
      {
        "date": "2026-06-05",
        "close": 21.755658,
        "direction_boundary": 22.205679,
        "core_momentum": -0.020266,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.098776
      },
      {
        "date": "2026-06-12",
        "close": 21.893414,
        "direction_boundary": 22.062359,
        "core_momentum": -0.007658,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.098837
      },
      {
        "date": "2026-06-19",
        "close": 21.735978,
        "direction_boundary": 21.972784,
        "core_momentum": -0.010777,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.099046
      },
      {
        "date": "2026-06-26",
        "close": 21.967163,
        "direction_boundary": 22.132829,
        "core_momentum": -0.007485,
        "direction": "negative",
        "trend_agreement": 0.75,
        "volatility": 0.099752
      },
      {
        "date": "2026-07-03",
        "close": 22.412424,
        "direction_boundary": 22.367804,
        "core_momentum": 0.001995,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.103587
      },
      {
        "date": "2026-07-10",
        "close": 22.531113,
        "direction_boundary": 22.349729,
        "core_momentum": 0.008116,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.102746
      },
      {
        "date": "2026-07-17",
        "close": 22.323408,
        "direction_boundary": 22.376842,
        "core_momentum": -0.002388,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.1027
      },
      {
        "date": "2026-07-24",
        "close": 22.382752,
        "direction_boundary": 22.608202,
        "core_momentum": -0.009972,
        "direction": "negative",
        "trend_agreement": 0.75,
        "volatility": 0.102823
      },
      {
        "date": "2026-07-31",
        "close": 22.65,
        "direction_boundary": 22.327995,
        "core_momentum": 0.014422,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.10413
      },
      {
        "date": "2026-08-07",
        "close": 23.1,
        "direction_boundary": 22.571848,
        "core_momentum": 0.023399,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.106219
      }
    ],
    "price_history": [
      {
        "date": "2025-03-28",
        "close": 22.052141,
        "volume": 23372
      },
      {
        "date": "2025-04-04",
        "close": 21.16168,
        "volume": 95798
      },
      {
        "date": "2025-04-11",
        "close": 21.636158,
        "volume": 130113
      },
      {
        "date": "2025-04-18",
        "close": 21.68875,
        "volume": 457384
      },
      {
        "date": "2025-04-25",
        "close": 21.684434,
        "volume": 373439
      },
      {
        "date": "2025-05-02",
        "close": 21.984502,
        "volume": 272781
      },
      {
        "date": "2025-05-09",
        "close": 21.906779,
        "volume": 298494
      },
      {
        "date": "2025-05-16",
        "close": 22.065952,
        "volume": 171411
      },
      {
        "date": "2025-05-23",
        "close": 21.968354,
        "volume": 237703
      },
      {
        "date": "2025-05-30",
        "close": 22.241509,
        "volume": 222151
      },
      {
        "date": "2025-06-06",
        "close": 22.205679,
        "volume": 147447
      },
      {
        "date": "2025-06-13",
        "close": 22.062359,
        "volume": 308978
      },
      {
        "date": "2025-06-20",
        "close": 21.972784,
        "volume": 161472
      },
      {
        "date": "2025-06-27",
        "close": 22.132829,
        "volume": 252188
      },
      {
        "date": "2025-07-04",
        "close": 22.367804,
        "volume": 266735
      },
      {
        "date": "2025-07-11",
        "close": 22.349729,
        "volume": 179619
      },
      {
        "date": "2025-07-18",
        "close": 22.376842,
        "volume": 244813
      },
      {
        "date": "2025-07-25",
        "close": 22.608202,
        "volume": 151077
      },
      {
        "date": "2025-08-01",
        "close": 22.327995,
        "volume": 569249
      },
      {
        "date": "2025-08-08",
        "close": 22.571848,
        "volume": 259876
      },
      {
        "date": "2025-08-15",
        "close": 22.617411,
        "volume": 250922
      },
      {
        "date": "2025-08-22",
        "close": 22.827,
        "volume": 671136
      },
      {
        "date": "2025-08-29",
        "close": 22.501004,
        "volume": 795746
      },
      {
        "date": "2025-09-05",
        "close": 22.455065,
        "volume": 604042
      },
      {
        "date": "2025-09-12",
        "close": 22.556131,
        "volume": 452389
      },
      {
        "date": "2025-09-19",
        "close": 22.326435,
        "volume": 408008
      },
      {
        "date": "2025-09-26",
        "close": 22.446572,
        "volume": 398211
      },
      {
        "date": "2025-10-03",
        "close": 22.724491,
        "volume": 469381
      },
      {
        "date": "2025-10-10",
        "close": 22.576268,
        "volume": 497555
      },
      {
        "date": "2025-10-17",
        "close": 22.687435,
        "volume": 650761
      },
      {
        "date": "2025-10-24",
        "close": 22.789339,
        "volume": 649940
      },
      {
        "date": "2025-10-31",
        "close": 22.329562,
        "volume": 1083688
      },
      {
        "date": "2025-11-07",
        "close": 22.357697,
        "volume": 390476
      },
      {
        "date": "2025-11-14",
        "close": 22.648422,
        "volume": 1028339
      },
      {
        "date": "2025-11-21",
        "close": 22.629665,
        "volume": 544083
      },
      {
        "date": "2025-11-28",
        "close": 22.886283,
        "volume": 466092
      },
      {
        "date": "2025-12-05",
        "close": 22.394308,
        "volume": 595837
      },
      {
        "date": "2025-12-12",
        "close": 22.526763,
        "volume": 767268
      },
      {
        "date": "2025-12-19",
        "close": 22.583529,
        "volume": 518908
      },
      {
        "date": "2025-12-26",
        "close": 22.745962,
        "volume": 321543
      },
      {
        "date": "2026-01-02",
        "close": 22.574079,
        "volume": 523883
      },
      {
        "date": "2026-01-09",
        "close": 22.812806,
        "volume": 743366
      },
      {
        "date": "2026-01-16",
        "close": 22.994239,
        "volume": 669080
      },
      {
        "date": "2026-01-23",
        "close": 22.946494,
        "volume": 579844
      },
      {
        "date": "2026-01-30",
        "close": 22.827406,
        "volume": 980600
      },
      {
        "date": "2026-02-06",
        "close": 23.126623,
        "volume": 851379
      },
      {
        "date": "2026-02-13",
        "close": 22.701927,
        "volume": 1416359
      },
      {
        "date": "2026-02-20",
        "close": 22.962536,
        "volume": 891423
      },
      {
        "date": "2026-02-27",
        "close": 23.23415,
        "volume": 644584
      },
      {
        "date": "2026-03-06",
        "close": 22.811092,
        "volume": 725088
      },
      {
        "date": "2026-03-13",
        "close": 22.368583,
        "volume": 689252
      },
      {
        "date": "2026-03-20",
        "close": 21.843408,
        "volume": 772235
      },
      {
        "date": "2026-03-27",
        "close": 21.607836,
        "volume": 544070
      },
      {
        "date": "2026-04-03",
        "close": 22.167675,
        "volume": 428454
      },
      {
        "date": "2026-04-10",
        "close": 22.334645,
        "volume": 409823
      },
      {
        "date": "2026-04-17",
        "close": 22.668584,
        "volume": 577056
      },
      {
        "date": "2026-04-24",
        "close": 22.324823,
        "volume": 399608
      },
      {
        "date": "2026-05-01",
        "close": 21.889723,
        "volume": 543719
      },
      {
        "date": "2026-05-08",
        "close": 21.499532,
        "volume": 539617
      },
      {
        "date": "2026-05-15",
        "close": 21.499532,
        "volume": 493732
      },
      {
        "date": "2026-05-22",
        "close": 21.938497,
        "volume": 477100
      },
      {
        "date": "2026-05-29",
        "close": 21.735978,
        "volume": 309517
      },
      {
        "date": "2026-06-05",
        "close": 21.755658,
        "volume": 338559
      },
      {
        "date": "2026-06-12",
        "close": 21.893414,
        "volume": 264329
      },
      {
        "date": "2026-06-19",
        "close": 21.735978,
        "volume": 248456
      },
      {
        "date": "2026-06-26",
        "close": 21.967163,
        "volume": 444018
      },
      {
        "date": "2026-07-03",
        "close": 22.412424,
        "volume": 421205
      },
      {
        "date": "2026-07-10",
        "close": 22.531113,
        "volume": 308840
      },
      {
        "date": "2026-07-17",
        "close": 22.323408,
        "volume": 336788
      },
      {
        "date": "2026-07-24",
        "close": 22.382752,
        "volume": 319873
      },
      {
        "date": "2026-07-31",
        "close": 22.65,
        "volume": 361586
      },
      {
        "date": "2026-08-07",
        "close": 23.1,
        "volume": 660923
      }
    ],
    "sharemaestro_context": {
      "trend": 22.341173,
      "fair_value": 22.341635,
      "market_activity": 73.384026,
      "market_dynamics": 0.62328,
      "relative_strength": -8.449577
    },
    "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": "negative",
        "start": "2026-03-27",
        "end": "2026-03-27",
        "tenure": "Brief",
        "return": 0.0
      },
      {
        "direction": "positive",
        "start": "2026-04-03",
        "end": "2026-04-24",
        "tenure": "Brief",
        "return": 0.007089
      },
      {
        "direction": "negative",
        "start": "2026-05-01",
        "end": "2026-06-26",
        "tenure": "Developing",
        "return": 0.003538
      },
      {
        "direction": "positive",
        "start": "2026-07-03",
        "end": "2026-07-10",
        "tenure": "Brief",
        "return": 0.005296
      },
      {
        "direction": "negative",
        "start": "2026-07-17",
        "end": "2026-07-24",
        "tenure": "Brief",
        "return": 0.002658
      },
      {
        "direction": "positive",
        "start": "2026-07-31",
        "end": "2026-08-07",
        "tenure": "Brief",
        "return": 0.019868
      }
    ]
  }
}