{
  "ticker": {
    "uuid": "1b7df673-ee97-4d11-b0e0-202bd9d0b2f3",
    "symbol": "JULT",
    "name": "ALLIANZIM U.S. EQUITY BUFFER10 JUL ETF",
    "exchange": "CBOE",
    "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": "3b",
    "phase_label": "Stage 3B \u00b7 Distribution",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 49.697,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 91.973,
    "architecture_energy": 72.841,
    "architecture_maturity": 81.085,
    "architecture_confidence": 64.38,
    "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": 9.78,
        "rotation_up": 61.0,
        "upward_expansion": 85.33,
        "deceleration": 68.53,
        "rotation_down": 28.26,
        "downward_expansion": 12.0
      },
      "activity_lines": [
        48.1193,
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        46.975654
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 48.8979,
    "trend_reference": 46.291017,
    "distance_from_trend": 0.056315,
    "trend_direction": "Improving",
    "fair_value": 39.673284,
    "distance_from_fair_value": 0.232515,
    "fair_value_direction": "Improving",
    "relative_strength": -3.798536,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.079078,
    "excess_performance": -0.046546,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.056315,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.024215,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.232515,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.003958,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.037985,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.004317,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.079078,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.245567,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 47147,
      "relative_activity": 0.500484,
      "balance": 0.245567,
      "dry_up": 1.688287,
      "accumulation_observations": 1,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.009001,
      "annualized_volatility": 0.076152,
      "from_high_reference": -0.001062,
      "from_low_reference": 0.150268
    },
    "levels": {
      "trend_reference": 46.291017,
      "fair_value_reference": 39.673284,
      "structural_low": 43.055,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 39,
        "median_return": 0.011243,
        "positive_rate": 0.692308,
        "directional_follow_through": 0.692308,
        "median_excess_return": -0.003419,
        "regime_survival": 0.846154,
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        "worst_return": -0.045841,
        "sufficient": true
      },
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        "horizon": "Intermediate",
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        "worst_return": -0.009834,
        "sufficient": true
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        "horizon": "Extended",
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        "worst_return": -0.054347,
        "sufficient": true
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        "horizon": "Full cycle",
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        "regime": "balance",
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      {
        "date": "2026-04-24",
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        "date": "2026-05-08",
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      },
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      },
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        "date": "2026-06-05",
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        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "direction": 75.39376,
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      },
      {
        "date": "2026-07-03",
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        "fair_value": 39.157761,
        "relative_strength": -3.149582,
        "stage": 3,
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      },
      {
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        "relative_strength": -3.572153,
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 86347.5,
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        "fair_value": 39.361945,
        "relative_strength": -2.808219,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
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        "direction": 67.703644,
        "energy": 86.068168,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
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        "volume": 140904,
        "typical_volume": 92588.05,
        "trend": 46.06991,
        "fair_value": 39.459477,
        "relative_strength": -2.511307,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
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        "direction": 64.96552,
        "energy": 63.127398,
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      },
      {
        "date": "2026-07-31",
        "close": 47.88,
        "volume": 29266,
        "typical_volume": 92955.0,
        "trend": 46.169397,
        "fair_value": 39.562841,
        "relative_strength": -2.618116,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 73.126006,
        "energy": 64.887803,
        "activity_lines": [
          47.737333,
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 48.8979,
        "volume": 47147,
        "typical_volume": 94202.75,
        "trend": 46.291017,
        "fair_value": 39.673284,
        "relative_strength": -3.798536,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 91.973329,
        "energy": 72.841019,
        "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."
    }
  }
}