{
  "ticker": {
    "uuid": "1611b57a-5ce8-49ad-ae55-75bd77095312",
    "symbol": "GQRE",
    "name": "FLEXSHARES TRUST GLOBAL QUALITY REAL ESTATE INDEX",
    "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": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 51.45,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 59.081,
    "architecture_energy": 50.468,
    "architecture_maturity": 32.178,
    "architecture_confidence": 70.978,
    "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": 20.67,
        "rotation_up": 60.25,
        "upward_expansion": 81.28,
        "deceleration": 52.81,
        "rotation_down": 17.16,
        "downward_expansion": 7.95
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      "activity_lines": [
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 64.7434,
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    "distance_from_trend": 0.027225,
    "trend_direction": "Improving",
    "fair_value": 55.003897,
    "distance_from_fair_value": 0.177069,
    "fair_value_direction": "Weakening",
    "relative_strength": -5.312032,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.046274,
    "excess_performance": -0.079351,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.027225,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.036207,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.177069,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.024754,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.05312,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.022856,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.046274,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.669756,
        "read": "Supply-led"
      }
    ],
    "volume": {
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      "relative_activity": 0.801283,
      "balance": 0.669756,
      "dry_up": 0.699866,
      "accumulation_observations": 0,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.02592,
      "annualized_volatility": 0.155269,
      "from_high_reference": -0.040696,
      "from_low_reference": 0.145453
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    "levels": {
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      "fair_value_reference": 55.003897,
      "structural_low": 57.98083,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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    "outcomes": [
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        "horizon": "Near term",
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        "median_return": 0.00561,
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        "directional_follow_through": 0.607143,
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        "sufficient": true
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        "horizon": "Intermediate",
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        "date": "2026-06-05",
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      {
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      },
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 76973.85,
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        "relative_strength": 0.484163,
        "stage": 2,
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        "modifier": "Re-accelerating",
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        "direction": 77.28614,
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 75531.95,
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        "fair_value": 54.776544,
        "relative_strength": 1.516069,
        "stage": 2,
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      },
      {
        "date": "2026-07-31",
        "close": 65.4856,
        "volume": 56858,
        "typical_volume": 76179.3,
        "trend": 62.8514,
        "fair_value": 54.892786,
        "relative_strength": -1.002263,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.069649,
        "energy": 63.606167,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 64.7434,
        "volume": 60037,
        "typical_volume": 74926.1,
        "trend": 63.027457,
        "fair_value": 55.003897,
        "relative_strength": -5.312032,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.081009,
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        "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."
    }
  }
}