{
  "ticker": {
    "uuid": "1862dad4-aaf7-4c04-9c13-f36837bd9d28",
    "symbol": "SAMT",
    "name": "ADVISORS INNER CIRCLE FD III STRATEGAS MACRO THEMATIC OPPORTUNITIES E",
    "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": 52.719,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 11.814,
    "architecture_energy": 19.769,
    "architecture_maturity": 57.225,
    "architecture_confidence": 86.432,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 61.2,
        "rotation_up": 19.72,
        "upward_expansion": 48.15,
        "deceleration": 84.71,
        "rotation_down": 37.19,
        "downward_expansion": 26.15
      },
      "activity_lines": [
        43.635307,
        44.265502,
        44.445272,
        43.616789
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.0
    },
    "latest_close": 43.64,
    "trend_reference": 42.535577,
    "distance_from_trend": 0.025965,
    "trend_direction": "Improving",
    "fair_value": 31.342112,
    "distance_from_fair_value": 0.392376,
    "fair_value_direction": "Weakening",
    "relative_strength": -3.171094,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.107614,
    "excess_performance": -0.018011,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.025965,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.054656,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.392376,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.110079,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.031711,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.084351,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.107614,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.250436,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 498123,
      "relative_activity": 0.669685,
      "balance": 1.250436,
      "dry_up": 0.743523,
      "accumulation_observations": 3,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.036722,
      "annualized_volatility": 0.121406,
      "from_high_reference": -0.088174,
      "from_low_reference": 0.289816
    },
    "levels": {
      "trend_reference": 42.535577,
      "fair_value_reference": 31.342112,
      "structural_low": 38.35,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 10,
        "median_return": 0.02819,
        "positive_rate": 0.7,
        "directional_follow_through": 0.7,
        "median_excess_return": 0.017659,
        "regime_survival": 0.2,
        "best_return": 0.106396,
        "worst_return": -0.021799,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": 0.044623,
        "positive_rate": 0.857143,
        "directional_follow_through": 0.857143,
        "median_excess_return": 0.033179,
        "regime_survival": 0.285714,
        "best_return": 0.15749,
        "worst_return": -0.042116,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.111674,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.043138,
        "regime_survival": 0.25,
        "best_return": 0.181673,
        "worst_return": 0.092861,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.253645,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.024715,
        "regime_survival": 0.5,
        "best_return": 0.303547,
        "worst_return": 0.203743,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "upward_expansion",
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        "color": "green",
        "start": "2024-08-30",
        "end": "2025-01-10",
        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-01-17",
        "end": "2025-01-24",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "tenure": "Developing",
        "return": -0.0594,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-04-04",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2025-05-02",
        "tenure": "New",
        "return": 0.068603,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-09",
        "end": "2025-05-23",
        "tenure": "New",
        "return": 0.046472,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-09-05",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-09-19",
        "tenure": "New",
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      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "date": "2026-04-24",
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      },
      {
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      },
      {
        "date": "2026-07-03",
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        "relative_strength": 6.354542,
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 750655.55,
        "trend": 41.965702,
        "fair_value": 30.799381,
        "relative_strength": 1.185054,
        "stage": 2,
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        "modifier": "Re-accelerating",
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        "direction": 48.090303,
        "energy": 39.251781,
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      },
      {
        "date": "2026-07-17",
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        "volume": 554370,
        "typical_volume": 752733.35,
        "trend": 42.131696,
        "fair_value": 30.933929,
        "relative_strength": 1.046124,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 41.998025,
        "energy": 27.38124,
        "activity_lines": [
          44.76256,
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          44.41409,
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      },
      {
        "date": "2026-07-24",
        "close": 43.66,
        "volume": 610699,
        "typical_volume": 747824.5,
        "trend": 42.28841,
        "fair_value": 31.068257,
        "relative_strength": 1.428453,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 34.301579,
        "energy": 21.711139,
        "activity_lines": [
          44.267253,
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          44.455594,
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        ]
      },
      {
        "date": "2026-07-31",
        "close": 43.375,
        "volume": 548988,
        "typical_volume": 751589.9,
        "trend": 42.435577,
        "fair_value": 31.204343,
        "relative_strength": -0.369223,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 21.699902,
        "energy": 22.638,
        "activity_lines": [
          43.83428,
          44.492676,
          44.447597,
          43.539085
        ]
      },
      {
        "date": "2026-08-07",
        "close": 43.64,
        "volume": 498123,
        "typical_volume": 743816.75,
        "trend": 42.535577,
        "fair_value": 31.342112,
        "relative_strength": -3.171094,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 11.813531,
        "energy": 19.769407,
        "activity_lines": [
          43.635307,
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          43.616789
        ]
      }
    ],
    "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."
    }
  }
}