{
  "ticker": {
    "uuid": "1b797144-b7e8-4fd1-92e2-90869c119ae1",
    "symbol": "NETL",
    "name": "COLTERPOINT NET LEASE REAL ESTATE 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": 68.416,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 59.061,
    "architecture_energy": 45.001,
    "architecture_maturity": 35.931,
    "architecture_confidence": 72.593,
    "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": 16.43,
        "rotation_up": 59.71,
        "upward_expansion": 78.56,
        "deceleration": 58.18,
        "rotation_down": 17.63,
        "downward_expansion": 5.23
      },
      "activity_lines": [
        27.300407,
        27.175651,
        26.80004,
        26.477697
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 26.82,
    "trend_reference": 26.044586,
    "distance_from_trend": 0.029773,
    "trend_direction": "Improving",
    "fair_value": 22.990981,
    "distance_from_fair_value": 0.166544,
    "fair_value_direction": "Weakening",
    "relative_strength": -4.356596,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.063081,
    "excess_performance": -0.062544,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.029773,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.047932,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.166544,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.006598,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.043566,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.017086,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.063081,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.363424,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 52855,
      "relative_activity": 1.140193,
      "balance": 1.363424,
      "dry_up": 0.950024,
      "accumulation_observations": 5,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.032012,
      "annualized_volatility": 0.175903,
      "from_high_reference": -0.053047,
      "from_low_reference": 0.171145
    },
    "levels": {
      "trend_reference": 26.044586,
      "fair_value_reference": 22.990981,
      "structural_low": 24.12814,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 21,
        "median_return": 0.00232,
        "positive_rate": 0.52381,
        "directional_follow_through": 0.52381,
        "median_excess_return": -0.026435,
        "regime_survival": 0.666667,
        "best_return": 0.088536,
        "worst_return": -0.089798,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
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        "positive_rate": 0.4,
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        "worst_return": -0.096569,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
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        "directional_follow_through": 0.666667,
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        "sufficient": true
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      {
        "horizon": "Full cycle",
        "sample_count": 4,
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        "worst_return": -0.102748,
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        "regime": "rotation_down",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-17",
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        "volume": 56044,
        "typical_volume": 47835.5,
        "trend": 25.661488,
        "fair_value": 22.870876,
        "relative_strength": 4.266193,
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        "modifier": "Re-accelerating",
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        "direction": 84.537523,
        "energy": 78.65953,
        "activity_lines": [
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          26.191692
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      },
      {
        "date": "2026-07-24",
        "close": 27.892047,
        "volume": 26395,
        "typical_volume": 46330.55,
        "trend": 25.81627,
        "fair_value": 22.912665,
        "relative_strength": 3.93381,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 73.596436,
        "energy": 78.143732,
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      },
      {
        "date": "2026-07-31",
        "close": 27.14,
        "volume": 40864,
        "typical_volume": 45980.8,
        "trend": 25.941218,
        "fair_value": 22.953161,
        "relative_strength": 0.08132,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.73185,
        "energy": 62.045874,
        "activity_lines": [
          27.505573,
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          26.421001
        ]
      },
      {
        "date": "2026-08-07",
        "close": 26.82,
        "volume": 52855,
        "typical_volume": 46356.2,
        "trend": 26.044586,
        "fair_value": 22.990981,
        "relative_strength": -4.356596,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.061439,
        "energy": 45.000775,
        "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."
    }
  }
}