{
  "ticker": {
    "uuid": "39e23465-7fd6-4dd1-9105-5e5a3530ff83",
    "symbol": "REET",
    "name": "ISHARES TRUST GLOBAL REIT 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": 77.42,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 62.613,
    "architecture_energy": 60.755,
    "architecture_maturity": 36.285,
    "architecture_confidence": 74.465,
    "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": 10.13,
        "rotation_up": 63.54,
        "upward_expansion": 84.66,
        "deceleration": 51.42,
        "rotation_down": 17.18,
        "downward_expansion": 11.33
      },
      "activity_lines": [
        28.412667,
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        27.315639
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 28.23,
    "trend_reference": 26.794875,
    "distance_from_trend": 0.05356,
    "trend_direction": "Improving",
    "fair_value": 23.517624,
    "distance_from_fair_value": 0.200376,
    "fair_value_direction": "Improving",
    "relative_strength": -2.757652,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.087983,
    "excess_performance": -0.037642,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.05356,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.042691,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.200376,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.013398,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.027577,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.001734,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.087983,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.805209,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 12351086,
      "relative_activity": 1.014464,
      "balance": 0.805209,
      "dry_up": 1.189767,
      "accumulation_observations": 4,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.027053,
      "annualized_volatility": 0.155006,
      "from_high_reference": -0.028562,
      "from_low_reference": 0.192641
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    "levels": {
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      "fair_value_reference": 23.517624,
      "structural_low": 24.500792,
      "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": 25,
        "median_return": 0.011169,
        "positive_rate": 0.56,
        "directional_follow_through": 0.56,
        "median_excess_return": -0.005437,
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        "worst_return": -0.073073,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "worst_return": -0.055862,
        "sufficient": true
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      {
        "horizon": "Extended",
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        "horizon": "Full cycle",
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      },
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
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        "typical_volume": 12170069.0,
        "trend": 26.688148,
        "fair_value": 23.469706,
        "relative_strength": 1.12248,
        "stage": 2,
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        "modifier": "Established expansion",
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        "direction": 64.485186,
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        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 28.23,
        "volume": 12351086,
        "typical_volume": 12174981.15,
        "trend": 26.794875,
        "fair_value": 23.517624,
        "relative_strength": -2.757652,
        "stage": 2,
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        "modifier": "Established expansion",
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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."
    }
  }
}