{
  "ticker": {
    "uuid": "053f032f-87e6-49c6-a607-b79b0d9320d3",
    "symbol": "ILPT",
    "name": "Industrial Logistics Properties Trust",
    "exchange": "NASDAQ",
    "country": "US",
    "assetType": "equity"
  },
  "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": "QQQ",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 54.738,
    "architecture_energy": 38.065,
    "architecture_maturity": 80.95,
    "architecture_confidence": 64.173,
    "architecture_tenure": "Established",
    "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": 21.2,
        "rotation_up": 40.52,
        "upward_expansion": 72.21,
        "deceleration": 69.77,
        "rotation_down": 28.12,
        "downward_expansion": 10.21
      },
      "activity_lines": [
        8.823478,
        8.820549,
        8.536095,
        7.969302
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 8.78,
    "trend_reference": 7.220809,
    "distance_from_trend": 0.21593,
    "trend_direction": "Improving",
    "fair_value": 4.67424,
    "distance_from_fair_value": 0.87838,
    "fair_value_direction": "Weakening",
    "relative_strength": 18.680766,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.583128,
    "excess_performance": 0.395674,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.21593,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.177254,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.87838,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.067114,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.186808,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.065672,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.583128,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.60769,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1903702,
      "relative_activity": 0.83169,
      "balance": 1.60769,
      "dry_up": 0.949174,
      "accumulation_observations": 5,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.092879,
      "annualized_volatility": 0.473539,
      "from_high_reference": -0.068929,
      "from_low_reference": 0.815402
    },
    "levels": {
      "trend_reference": 7.220809,
      "fair_value_reference": 4.67424,
      "structural_low": 5.089606,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 17,
        "median_return": -0.031512,
        "positive_rate": 0.411765,
        "directional_follow_through": 0.411765,
        "median_excess_return": -0.014708,
        "regime_survival": 0.647059,
        "best_return": 0.15857,
        "worst_return": -0.275689,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
        "median_return": -0.048607,
        "positive_rate": 0.375,
        "directional_follow_through": 0.375,
        "median_excess_return": -0.089915,
        "regime_survival": 0.25,
        "best_return": 0.241565,
        "worst_return": -0.212297,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.025584,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.145379,
        "regime_survival": 0.0,
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        "worst_return": -0.17228,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.25506,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
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        "regime_survival": 0.666667,
        "best_return": 0.267374,
        "worst_return": -0.438765,
        "sufficient": false
      }
    ],
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      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "end": "2024-10-25",
        "tenure": "New",
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      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "active": false
      },
      {
        "regime": "downward_expansion",
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      },
      {
        "regime": "balance",
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        "active": false
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      {
        "regime": "downward_expansion",
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        "end": "2025-06-06",
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        "regime": "rotation_up",
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        "regime": "upward_expansion",
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        "regime": "deceleration",
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      },
      {
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      },
      {
        "date": "2026-07-24",
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        "fair_value": 4.610128,
        "relative_strength": 32.769996,
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      },
      {
        "date": "2026-07-31",
        "close": 8.61,
        "volume": 1943761,
        "typical_volume": 2277521.5,
        "trend": 7.133919,
        "fair_value": 4.642276,
        "relative_strength": 22.86938,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 57.755292,
        "energy": 41.925296,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 8.78,
        "volume": 1903702,
        "typical_volume": 2288956.4,
        "trend": 7.220809,
        "fair_value": 4.67424,
        "relative_strength": 18.680766,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 54.738469,
        "energy": 38.0654,
        "activity_lines": [
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      }
    ],
    "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."
    }
  }
}