{
  "ticker": {
    "uuid": "339e6c54-8f24-45e6-9cd2-d805e840d4d5",
    "symbol": "RHRX",
    "name": "STARBOARD INVESTMENT TRUST RH TACTICAL ROTATION 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": 93.788,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 47.965,
    "architecture_energy": 26.928,
    "architecture_maturity": 50.805,
    "architecture_confidence": 85.527,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 42.51,
        "rotation_up": 30.37,
        "upward_expansion": 55.36,
        "deceleration": 90.39,
        "rotation_down": 26.55,
        "downward_expansion": 19.02
      },
      "activity_lines": [
        21.67352,
        21.706315,
        21.606146,
        21.142474
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.166667
    },
    "latest_close": 22.0579,
    "trend_reference": 20.495843,
    "distance_from_trend": 0.076213,
    "trend_direction": "Improving",
    "fair_value": 16.294619,
    "distance_from_fair_value": 0.353692,
    "fair_value_direction": "Weakening",
    "relative_strength": 1.242916,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.146508,
    "excess_performance": 0.020883,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.076213,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.059664,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.353692,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.037121,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.012429,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.049117,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.146508,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.163821,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 15146,
      "relative_activity": 0.244424,
      "balance": 1.163821,
      "dry_up": 0.985721,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.034643,
      "annualized_volatility": 0.12905,
      "from_high_reference": -0.059365,
      "from_low_reference": 0.308298
    },
    "levels": {
      "trend_reference": 20.495843,
      "fair_value_reference": 16.294619,
      "structural_low": 18.5834,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 8,
        "median_return": 0.030844,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.005585,
        "regime_survival": 0.25,
        "best_return": 0.120137,
        "worst_return": -0.012176,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": 0.069507,
        "positive_rate": 0.833333,
        "directional_follow_through": 0.833333,
        "median_excess_return": -0.001681,
        "regime_survival": 0.0,
        "best_return": 0.159926,
        "worst_return": -0.106145,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.136578,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.018202,
        "regime_survival": 0.0,
        "best_return": 0.207755,
        "worst_return": 0.053395,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.185516,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.043414,
        "regime_survival": 0.5,
        "best_return": 0.253089,
        "worst_return": 0.117942,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-08-09",
        "end": "2024-09-27",
        "tenure": "Developing",
        "return": 0.090366,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-10-04",
        "end": "2025-01-03",
        "tenure": "Established",
        "return": 0.015851,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-01-10",
        "end": "2025-01-24",
        "tenure": "New",
        "return": 0.048028,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-01-31",
        "end": "2025-03-14",
        "tenure": "Developing",
        "return": -0.098304,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-03-21",
        "end": "2025-03-28",
        "tenure": "New",
        "return": -0.019439,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-04",
        "end": "2025-05-23",
        "tenure": "Developing",
        "return": 0.14762,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-30",
        "end": "2025-06-06",
        "tenure": "New",
        "return": 0.016674,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-06-13",
        "end": "2025-07-18",
        "tenure": "Developing",
        "return": 0.057854,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-25",
        "end": "2025-11-21",
        "tenure": "Established",
        "return": 0.039423,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-11-28",
        "end": "2025-12-12",
        "tenure": "New",
        "return": 0.003308,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2026-03-20",
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        "active": false
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      {
        "regime": "deceleration",
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        "color": "amber",
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        "active": false
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      {
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      {
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        "return": 0.030618,
        "active": true
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      },
      {
        "date": "2026-07-03",
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      },
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        "modifier": "Re-accelerating",
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        "direction": 56.807908,
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      },
      {
        "date": "2026-07-17",
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        "volume": 141241,
        "typical_volume": 65731.7,
        "trend": 20.18483,
        "fair_value": 16.120905,
        "relative_strength": 2.751313,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 42.858442,
        "energy": 30.655992,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
        "close": 21.4026,
        "volume": 30147,
        "typical_volume": 66327.95,
        "trend": 20.27753,
        "fair_value": 16.17595,
        "relative_strength": 3.041353,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 38.292616,
        "energy": 24.898173,
        "activity_lines": [
          21.55024,
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      },
      {
        "date": "2026-07-31",
        "close": 21.4827,
        "volume": 57791,
        "typical_volume": 61531.25,
        "trend": 20.381853,
        "fair_value": 16.233154,
        "relative_strength": 2.17258,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 34.468839,
        "energy": 20.741012,
        "activity_lines": [
          21.50894,
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          21.511645,
          21.034342
        ]
      },
      {
        "date": "2026-08-07",
        "close": 22.0579,
        "volume": 15146,
        "typical_volume": 61966.05,
        "trend": 20.495843,
        "fair_value": 16.294619,
        "relative_strength": 1.242916,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 47.965416,
        "energy": 26.928319,
        "activity_lines": [
          21.67352,
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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."
    }
  }
}