{ "ticker": { "uuid": "189a0b72-07a2-4ee8-91cf-aba0ea2b5e0f", "symbol": "QLTI", "name": "GMO INTERNATIONAL QUALITY 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": 55.594, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "mixed", "architecture_direction": 51.671, "architecture_energy": 46.558, "architecture_maturity": 8.721, "architecture_confidence": 48.924, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 29.26, "rotation_up": 53.76, "upward_expansion": 52.69, "deceleration": 31.77, "rotation_down": 27.95, "downward_expansion": 18.02 }, "activity_lines": [ 27.195547, 27.02803, 26.716378, 26.555868 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 28.14, "trend_reference": 26.572038, "distance_from_trend": 0.059008, "trend_direction": "Improving", "fair_value": 25.358064, "distance_from_fair_value": 0.109706, "fair_value_direction": "Improving", "relative_strength": -4.600176, "relative_strength_direction": "Improving", "price_momentum": 0.021075, "excess_performance": -0.10455, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.059008, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.008685, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.109706, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.060575, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.046002, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.049911, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.021075, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.179194, "read": "Demand-led" } ], "volume": { "latest": 172752, "relative_activity": 1.526831, "balance": 3.179194, "dry_up": 1.481382, "accumulation_observations": 4, "distribution_observations": 1 }, "risk": { "range_context": 0.024213, "annualized_volatility": 0.17891, "from_high_reference": -0.000355, "from_low_reference": 0.16185 }, "levels": { "trend_reference": 26.572038, "fair_value_reference": 25.358064, "structural_low": 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26.227, "volume": 40505, "typical_volume": 110192.2, "trend": 26.533258, "fair_value": 25.308634, "relative_strength": -7.239755, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 4.384566, "energy": 10.099384, "activity_lines": [ 26.652193, 26.685795, 26.440918, 26.418029 ] }, { "date": "2026-07-31", "close": 27.0743, "volume": 405208, "typical_volume": 111496.95, "trend": 26.544541, "fair_value": 25.327826, "relative_strength": -5.131909, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 20.607637, "energy": 13.918053, "activity_lines": [ 26.758133, 26.769287, 26.531887, 26.452935 ] }, { "date": "2026-08-07", "close": 28.14, "volume": 172752, "typical_volume": 113144.15, "trend": 26.572038, "fair_value": 25.358064, "relative_strength": -4.600176, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 51.671049, "energy": 46.557833, "activity_lines": [ 27.195547, 27.02803, 26.716378, 26.555868 ] } ], "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." } } }