{ "ticker": { "uuid": "0f2998c0-2134-4ac3-9910-3c90ea47c6fe", "symbol": "ICAP", "name": "INFRASTRUCTURE CAPITAL EQUITY INCOME ETF", "exchange": "NYSEARCA", "country": "US", "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": "SPY", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 61.434, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 72.61, "architecture_energy": 54.397, "architecture_maturity": 34.454, "architecture_confidence": 80.503, "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": 28.96, "rotation_up": 59.48, "upward_expansion": 82.87, "deceleration": 49.34, "rotation_down": 17.74, "downward_expansion": 9.54 }, "activity_lines": [ 28.556865, 28.366977, 28.183631, 27.891984 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 29.19, "trend_reference": 27.65043, "distance_from_trend": 0.05568, "trend_direction": "Improving", "fair_value": 23.108097, "distance_from_fair_value": 0.263194, "fair_value_direction": "Improving", "relative_strength": -3.216886, "relative_strength_direction": "Improving", "price_momentum": 0.048671, "excess_performance": -0.076954, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.05568, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.022863, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.263194, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.010639, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.032169, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.005167, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.048671, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.436942, "read": "Demand-led" } ], "volume": { "latest": 188960, "relative_activity": 1.314205, "balance": 1.436942, "dry_up": 0.972246, "accumulation_observations": 5, "distribution_observations": 3 }, "risk": { "range_context": 0.027495, "annualized_volatility": 0.139187, "from_high_reference": -0.008559, "from_low_reference": 0.193743 }, "levels": { "trend_reference": 27.65043, "fair_value_reference": 23.108097, "structural_low": 25.124157, 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"2026-07-24", "close": 28.123612, "volume": 97898, "typical_volume": 137549.45, "trend": 27.543782, "fair_value": 22.976153, "relative_strength": -2.564795, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.601314, "energy": 23.427752, "activity_lines": [ 28.112584, 28.138366, 27.961186, 27.734292 ] }, { "date": "2026-07-31", "close": 28.39, "volume": 152227, "typical_volume": 138939.85, "trend": 27.591994, "fair_value": 23.03966, "relative_strength": -2.625525, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.394723, "energy": 31.468067, "activity_lines": [ 28.221943, 28.184303, 28.040174, 27.788887 ] }, { "date": "2026-08-07", "close": 29.19, "volume": 188960, "typical_volume": 143782.75, "trend": 27.65043, "fair_value": 23.108097, "relative_strength": -3.216886, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.609744, "energy": 54.396725, "activity_lines": [ 28.556865, 28.366977, 28.183631, 27.891984 ] } ], "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." } } }