{
  "ticker": {
    "uuid": "121de89d-dfe8-4e2f-a119-e2e6d64a93af",
    "symbol": "USAI",
    "name": "PACER AMERICAN ENERGY INFRASTRUCTURE 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": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 56.688,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Upper balance after advance",
    "architecture_gate": "up",
    "architecture_direction": 41.283,
    "architecture_energy": 27.978,
    "architecture_maturity": 14.67,
    "architecture_confidence": 71.537,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The prior uptrend is attempting to re-accelerate.",
        "body": "Positive Trend survived a recompression and Fast Activity is strengthening again. Promotion requires renewed confirmation across the completed evidence set."
      },
      "scores": {
        "balance": 50.33,
        "rotation_up": 48.77,
        "upward_expansion": 73.76,
        "deceleration": 57.73,
        "rotation_down": 18.64,
        "downward_expansion": 5.09
      },
      "activity_lines": [
        46.404637,
        46.161557,
        46.008493,
        45.812686
      ],
      "activity_state": "Compressed",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.333333
    },
    "latest_close": 45.4175,
    "trend_reference": 45.040216,
    "distance_from_trend": 0.008377,
    "trend_direction": "Improving",
    "fair_value": 35.219581,
    "distance_from_fair_value": 0.289553,
    "fair_value_direction": "Weakening",
    "relative_strength": -3.049516,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.083222,
    "excess_performance": -0.042403,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.008377,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.068543,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.289553,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.05213,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.030495,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.027891,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.083222,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.258851,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 43828,
      "relative_activity": 0.638954,
      "balance": 2.258851,
      "dry_up": 1.786473,
      "accumulation_observations": 2,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.044176,
      "annualized_volatility": 0.223632,
      "from_high_reference": -0.072639,
      "from_low_reference": 0.277646
    },
    "levels": {
      "trend_reference": 45.040216,
      "fair_value_reference": 35.219581,
      "structural_low": 41.868968,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 22,
        "median_return": 0.024946,
        "positive_rate": 0.772727,
        "directional_follow_through": 0.772727,
        "median_excess_return": -0.004495,
        "regime_survival": 0.590909,
        "best_return": 0.132699,
        "worst_return": -0.090533,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
        "median_return": 0.053431,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.014457,
        "regime_survival": 0.25,
        "best_return": 0.222181,
        "worst_return": -0.069277,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.027794,
        "positive_rate": 0.8,
        "directional_follow_through": 0.8,
        "median_excess_return": 0.033561,
        "regime_survival": 0.2,
        "best_return": 0.226073,
        "worst_return": -0.021797,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.161419,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.105735,
        "regime_survival": 0.333333,
        "best_return": 0.205702,
        "worst_return": 0.087346,
        "sufficient": false
      }
    ],
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        "label": "Deceleration",
        "color": "amber",
        "start": "2025-01-03",
        "end": "2025-01-17",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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      },
      {
        "regime": "deceleration",
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      {
        "regime": "rotation_up",
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        "regime": "rotation_down",
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        "active": false
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      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "end": "2025-12-05",
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        "date": "2026-05-08",
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        "date": "2026-05-15",
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      },
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        "modifier": "Re-accelerating",
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      },
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      },
      {
        "date": "2026-06-05",
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        "trend": 42.463979,
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        "relative_strength": 2.591748,
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        "date": "2026-06-12",
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      },
      {
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        "relative_strength": 4.05064,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
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        "energy": 14.865475,
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      },
      {
        "date": "2026-07-03",
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        "fair_value": 34.506348,
        "relative_strength": 0.247009,
        "stage": 2,
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      },
      {
        "date": "2026-07-10",
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        "volume": 41856,
        "typical_volume": 61995.55,
        "trend": 43.785215,
        "fair_value": 34.648718,
        "relative_strength": 0.482939,
        "stage": 2,
        "regime": "balance",
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        "gate": "up",
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        "energy": 10.926162,
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      },
      {
        "date": "2026-07-17",
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        "volume": 51514,
        "typical_volume": 62170.45,
        "trend": 44.12715,
        "fair_value": 34.793848,
        "relative_strength": 4.394093,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 55.461018,
        "energy": 28.427992,
        "activity_lines": [
          46.024054,
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          45.842539,
          45.410066
        ]
      },
      {
        "date": "2026-07-24",
        "close": 47.5923,
        "volume": 349904,
        "typical_volume": 76609.25,
        "trend": 44.469864,
        "fair_value": 34.943623,
        "relative_strength": 6.269337,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 59.561411,
        "energy": 39.730852,
        "activity_lines": [
          46.664408,
          46.147447,
          46.006129,
          45.633624
        ]
      },
      {
        "date": "2026-07-31",
        "close": 46.588,
        "volume": 44915,
        "typical_volume": 69947.85,
        "trend": 44.760171,
        "fair_value": 35.086783,
        "relative_strength": 2.905645,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 51.389795,
        "energy": 39.959933,
        "activity_lines": [
          46.750558,
          46.248988,
          46.065114,
          45.770278
        ]
      },
      {
        "date": "2026-08-07",
        "close": 45.4175,
        "volume": 43828,
        "typical_volume": 68593.4,
        "trend": 45.040216,
        "fair_value": 35.219581,
        "relative_strength": -3.049516,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 41.283482,
        "energy": 27.978222,
        "activity_lines": [
          46.404637,
          46.161557,
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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."
    }
  }
}