{ "ticker": { "uuid": "31cba64b-e452-4050-b1ed-d686758ed1bd", "symbol": "NDMO", "name": "Nuveen Dynamic Municipal Opportunities Fund", "exchange": "NYSE", "country": "US", "assetType": "equity" }, "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": "3c", "phase_label": "Stage 3C \u00b7 Breakdown watch", "transition": "stage_3_to_4_watch", "transition_label": "Stage 3 \u2192 4 watch", "confidence": 81.715, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "mixed", "architecture_direction": -22.285, "architecture_energy": 33.635, "architecture_maturity": 54.134, "architecture_confidence": 64.879, "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": 37.81, "rotation_up": 17.1, "upward_expansion": 19.96, "deceleration": 55.68, "rotation_down": 61.64, "downward_expansion": 42.63 }, "activity_lines": [ 10.05547, 10.156873, 10.194613, 10.183002 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 10.02, "trend_reference": 10.164024, "distance_from_trend": -0.01417, "trend_direction": "Improving", "fair_value": 9.409207, "distance_from_fair_value": 0.064914, "fair_value_direction": "Weakening", "relative_strength": -10.94373, "relative_strength_direction": "Weakening", "price_momentum": -0.003665, "excess_performance": -0.12929, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.01417, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.009408, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.064914, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.042788, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.109437, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.040065, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.003665, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.15978, "read": "Demand-led" } ], "volume": { "latest": 1138914, "relative_activity": 1.926094, "balance": 1.15978, "dry_up": 1.241232, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.018897, "annualized_volatility": 0.094917, "from_high_reference": -0.040315, "from_low_reference": 0.111142 }, "levels": { "trend_reference": 10.164024, "fair_value_reference": 9.409207, "structural_low": 9.706527, 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47.696915, "activity_lines": [ 10.31707, 10.289517, 10.237359, 10.201716 ] }, { "date": "2026-07-17", "close": 10.29, "volume": 503767, "typical_volume": 548795.2, "trend": 10.145043, "fair_value": 9.384427, "relative_strength": -5.388799, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.323984, "energy": 33.634524, "activity_lines": [ 10.309081, 10.294287, 10.24633, 10.212487 ] }, { "date": "2026-07-24", "close": 10.05, "volume": 504788, "typical_volume": 547981.6, "trend": 10.15775, "fair_value": 9.39283, "relative_strength": -6.941774, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 12.155928, "energy": 9.068773, "activity_lines": [ 10.218001, 10.25486, 10.232918, 10.206355 ] }, { "date": "2026-07-31", "close": 9.94, "volume": 788331, "typical_volume": 557136.95, "trend": 10.164218, "fair_value": 9.400944, "relative_strength": -8.745961, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -29.878847, "energy": 28.419131, "activity_lines": [ 10.109025, 10.197114, 10.209904, 10.192307 ] }, { "date": "2026-08-07", "close": 10.02, "volume": 1138914, "typical_volume": 591307.55, "trend": 10.164024, "fair_value": 9.409207, "relative_strength": -10.94373, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -22.285373, "energy": 33.634652, "activity_lines": [ 10.05547, 10.156873, 10.194613, 10.183002 ] } ], "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." } } }