{
  "ticker": {
    "uuid": "1e2a450e-d324-4752-b73e-143ad9d9e4dd",
    "symbol": "AVRE",
    "name": "AMERICAN CENTURY ETF TRUST AVANTIS REAL ESTATE ETF USD",
    "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": 61.835,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 60.628,
    "architecture_energy": 56.479,
    "architecture_maturity": 35.452,
    "architecture_confidence": 73.045,
    "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": 12.02,
        "rotation_up": 61.62,
        "upward_expansion": 83.56,
        "deceleration": 50.98,
        "rotation_down": 17.15,
        "downward_expansion": 10.23
      },
      "activity_lines": [
        48.773333,
        48.472053,
        47.89763,
        47.302385
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 48.58,
    "trend_reference": 46.570677,
    "distance_from_trend": 0.043146,
    "trend_direction": "Improving",
    "fair_value": 41.417538,
    "distance_from_fair_value": 0.172933,
    "fair_value_direction": "Improving",
    "relative_strength": -4.085769,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.078205,
    "excess_performance": -0.04742,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.043146,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.036917,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.172933,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.002707,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.040858,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.001654,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.078205,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.619776,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 391767,
      "relative_activity": 1.38975,
      "balance": 0.619776,
      "dry_up": 1.22243,
      "accumulation_observations": 3,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.025728,
      "annualized_volatility": 0.156918,
      "from_high_reference": -0.02283,
      "from_low_reference": 0.155032
    },
    "levels": {
      "trend_reference": 46.570677,
      "fair_value_reference": 41.417538,
      "structural_low": 42.751683,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 19,
        "median_return": 0.009668,
        "positive_rate": 0.578947,
        "directional_follow_through": 0.578947,
        "median_excess_return": -0.01732,
        "regime_survival": 0.736842,
        "best_return": 0.09874,
        "worst_return": -0.07387,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
        "median_return": 0.020944,
        "positive_rate": 0.625,
        "directional_follow_through": 0.625,
        "median_excess_return": -0.056715,
        "regime_survival": 0.625,
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        "worst_return": -0.055573,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.008616,
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        "directional_follow_through": 0.75,
        "median_excess_return": -0.127566,
        "regime_survival": 0.25,
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        "worst_return": -0.011056,
        "sufficient": false
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      {
        "horizon": "Full cycle",
        "sample_count": 2,
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        "worst_return": 0.027984,
        "sufficient": false
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        "regime": "deceleration",
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "regime": "downward_expansion",
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        "date": "2026-04-24",
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      },
      {
        "date": "2026-07-03",
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      },
      {
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 264729.55,
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        "fair_value": 41.185717,
        "relative_strength": 0.221315,
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        "modifier": "Re-accelerating",
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        "direction": 74.229221,
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        ]
      },
      {
        "date": "2026-07-24",
        "close": 49.38,
        "volume": 321211,
        "typical_volume": 264347.95,
        "trend": 46.222612,
        "fair_value": 41.262184,
        "relative_strength": 1.79355,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
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        "direction": 75.179023,
        "energy": 70.835397,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 48.7,
        "volume": 401883,
        "typical_volume": 272159.4,
        "trend": 46.404508,
        "fair_value": 41.340255,
        "relative_strength": -0.602584,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.395683,
        "energy": 61.949904,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 48.58,
        "volume": 391767,
        "typical_volume": 281897.5,
        "trend": 46.570677,
        "fair_value": 41.417538,
        "relative_strength": -4.085769,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.628427,
        "energy": 56.479125,
        "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."
    }
  }
}