{
  "ticker": {
    "uuid": "2979242a-0eb5-4873-9c1b-c900e29a56dd",
    "symbol": "DRN",
    "name": "DIREXION DAILY REAL ESTATE BULL 3X 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": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 51.366,
    "architecture_energy": 32.802,
    "architecture_maturity": 36.99,
    "architecture_confidence": 70.925,
    "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": 27.35,
        "rotation_up": 48.43,
        "upward_expansion": 74.13,
        "deceleration": 59.61,
        "rotation_down": 19.58,
        "downward_expansion": 3.13
      },
      "activity_lines": [
        11.272,
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        10.953254,
        10.648581
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      "activity_state": "Moderate",
      "activity_direction": "Stable",
      "rotation_direction": "Stable",
      "price_acceptance": 0.5
    },
    "latest_close": 11.07,
    "trend_reference": 10.277883,
    "distance_from_trend": 0.07707,
    "trend_direction": "Improving",
    "fair_value": 9.47412,
    "distance_from_fair_value": 0.168446,
    "fair_value_direction": "Improving",
    "relative_strength": 1.277967,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.180985,
    "excess_performance": 0.05536,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.07707,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.087628,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.168446,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.001385,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.01278,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.010774,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.180985,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.983877,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 3125062,
      "relative_activity": 0.59573,
      "balance": 0.983877,
      "dry_up": 0.674543,
      "accumulation_observations": 2,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.098056,
      "annualized_volatility": 0.49474,
      "from_high_reference": -0.093366,
      "from_low_reference": 0.375155
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    "levels": {
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      "fair_value_reference": 9.47412,
      "structural_low": 8.05,
      "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": 15,
        "median_return": -0.030499,
        "positive_rate": 0.466667,
        "directional_follow_through": 0.466667,
        "median_excess_return": -0.060028,
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        "worst_return": -0.268156,
        "sufficient": true
      },
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        "horizon": "Intermediate",
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        "worst_return": -0.230807,
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        "horizon": "Full cycle",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 5437283.6,
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        "modifier": "Re-accelerating",
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        "energy": 39.695688,
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      },
      {
        "date": "2026-07-24",
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        "volume": 3715742,
        "typical_volume": 5436214.4,
        "trend": 10.104134,
        "fair_value": 9.440046,
        "relative_strength": 13.05976,
        "stage": 2,
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        "modifier": "Re-accelerating",
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        "direction": 65.29103,
        "energy": 46.008628,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 11.15,
        "volume": 3413056,
        "typical_volume": 5444179.85,
        "trend": 10.193501,
        "fair_value": 9.457908,
        "relative_strength": 5.57558,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 53.741604,
        "energy": 34.822399,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 11.07,
        "volume": 3125062,
        "typical_volume": 5245768.9,
        "trend": 10.277883,
        "fair_value": 9.47412,
        "relative_strength": 1.277967,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 51.365638,
        "energy": 32.801795,
        "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."
    }
  }
}