{ "ticker": { "uuid": "0173750e-c11b-4507-94e8-066cf479728e", "symbol": "IYT", "name": "iShares Transportation Average ETF", "exchange": "MEX", "country": "MX", "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": "^MXX", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 54.795, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 70.132, "architecture_energy": 81.026, "architecture_maturity": 10.327, "architecture_confidence": 82.808, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 3.63, "rotation_up": 80.34, "upward_expansion": 95.75, "deceleration": 42.76, "rotation_down": 12.49, "downward_expansion": 17.75 }, "activity_lines": [ 1540.933333, 1525.309639, 1485.281739, 1458.730208 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 1541.0, "trend_reference": 1428.055969, "distance_from_trend": 0.079089, "trend_direction": "Improving", "fair_value": 2023.131584, "distance_from_fair_value": -0.23831, "fair_value_direction": "Improving", "relative_strength": 9.019697, "relative_strength_direction": "Improving", "price_momentum": 0.130635, "excess_performance": 0.185302, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.079089, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.045486, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.23831, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.144142, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.090197, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.146069, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.130635, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 5.0, "read": "Demand-led" } ], "volume": { "latest": 0, "relative_activity": 0.0, "balance": 5.0, "dry_up": 0.081967, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.007763, "annualized_volatility": 0.094928, "from_high_reference": 0.0, "from_low_reference": 0.17888 }, "levels": { "trend_reference": 1428.055969, "fair_value_reference": 2023.131584, "structural_low": 1349.935303, "invalidation": "A 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"Emerging rotation", "gate": "up", "direction": 97.025449, "energy": 78.955408, "activity_lines": [ 1519.933333, 1495.610352, 1455.541675, 1434.417581 ] }, { "date": "2026-07-24", "close": 1541.0, "volume": 15, "typical_volume": 91.5, "trend": 1415.384761, "fair_value": 2059.618012, "relative_strength": 9.987819, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 88.843684, "energy": 76.09202, "activity_lines": [ 1530.4, 1508.319516, 1466.201373, 1443.004372 ] }, { "date": "2026-07-31", "close": 1541.0, "volume": 0, "typical_volume": 91.5, "trend": 1422.864787, "fair_value": 2041.29184, "relative_strength": 9.073126, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.368199, "energy": 72.076304, "activity_lines": [ 1537.4, 1518.219278, 1476.114727, 1451.108581 ] }, { "date": "2026-08-07", "close": 1541.0, "volume": 0, "typical_volume": 91.5, "trend": 1428.055969, "fair_value": 2023.131584, "relative_strength": 9.019697, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.132499, "energy": 81.026124, "activity_lines": [ 1540.933333, 1525.309639, 1485.281739, 1458.730208 ] } ], "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." } } }