{
  "ticker": {
    "uuid": "159634fe-d855-4b05-b9d4-f4aa7da0454e",
    "symbol": "ECOW",
    "name": "PACER EMERGING MARKETS CASH COWS 100 ETF",
    "exchange": "NASDAQ",
    "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": "QQQ",
    "stage": 3,
    "stage_name": "Distribution",
    "phase": "3b",
    "phase_label": "Stage 3B \u00b7 Distribution",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 62.179,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Re-acceleration watch",
    "architecture_gate": "up",
    "architecture_direction": 48.162,
    "architecture_energy": 35.885,
    "architecture_maturity": 20.258,
    "architecture_confidence": 57.271,
    "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": 35.84,
        "rotation_up": 60.73,
        "upward_expansion": 71.85,
        "deceleration": 47.0,
        "rotation_down": 12.73,
        "downward_expansion": 12.85
      },
      "activity_lines": [
        27.4617,
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        27.245052,
        27.155018
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      "activity_state": "Compressed",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.5
    },
    "latest_close": 27.7464,
    "trend_reference": 26.9847,
    "distance_from_trend": 0.028227,
    "trend_direction": "Improving",
    "fair_value": 20.871358,
    "distance_from_fair_value": 0.329401,
    "fair_value_direction": "Weakening",
    "relative_strength": -5.048484,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.03458,
    "excess_performance": -0.152874,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.028227,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.035019,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.329401,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.090836,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.050485,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.036089,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.03458,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.722635,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 89005,
      "relative_activity": 0.385053,
      "balance": 0.722635,
      "dry_up": 0.478796,
      "accumulation_observations": 1,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.028598,
      "annualized_volatility": 0.143297,
      "from_high_reference": -0.057212,
      "from_low_reference": 0.260144
    },
    "levels": {
      "trend_reference": 26.9847,
      "fair_value_reference": 20.871358,
      "structural_low": 25.501,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 18,
        "median_return": 0.003824,
        "positive_rate": 0.555556,
        "directional_follow_through": 0.555556,
        "median_excess_return": -0.00992,
        "regime_survival": 0.611111,
        "best_return": 0.062612,
        "worst_return": -0.064881,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 9,
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        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.036406,
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        "worst_return": -0.086059,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
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        "positive_rate": 0.8,
        "directional_follow_through": 0.8,
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        "regime_survival": 0.4,
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        "worst_return": -0.021237,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
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        "worst_return": -0.212297,
        "sufficient": false
      }
    ],
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        "regime": "upward_expansion",
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        "end": "2024-02-02",
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      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "end": "2024-02-23",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "tenure": "Established",
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      {
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        "active": false
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      {
        "regime": "upward_expansion",
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      {
        "regime": "deceleration",
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        "active": false
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "end": "2025-01-31",
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        "active": false
      },
      {
        "regime": "balance",
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        "return": 0.021436,
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      {
        "regime": "rotation_up",
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        "active": false
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        "regime": "balance",
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        "date": "2026-04-24",
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      },
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 262888.0,
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        "fair_value": 20.675057,
        "relative_strength": -2.678423,
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        "modifier": "Recompressing",
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        "energy": 13.883046,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-07-24",
        "close": 27.1407,
        "volume": 94375,
        "typical_volume": 250671.25,
        "trend": 26.795096,
        "fair_value": 20.734629,
        "relative_strength": -1.799577,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
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        "direction": 27.175527,
        "energy": 13.746321,
        "activity_lines": [
          27.085553,
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      },
      {
        "date": "2026-07-31",
        "close": 27.4929,
        "volume": 131658,
        "typical_volume": 236072.05,
        "trend": 26.892993,
        "fair_value": 20.801602,
        "relative_strength": -1.136344,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 40.090321,
        "energy": 24.166636,
        "activity_lines": [
          27.262973,
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 27.7464,
        "volume": 89005,
        "typical_volume": 231150.2,
        "trend": 26.9847,
        "fair_value": 20.871358,
        "relative_strength": -5.048484,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 48.162312,
        "energy": 35.885345,
        "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."
    }
  }
}