{
  "ticker": {
    "uuid": "3cef4624-6aed-4109-955e-379ff0c4abd5",
    "symbol": "SDIV",
    "name": "GLOBAL X FDS SUPERDIVIDEND ETF(POST REV SPLT)",
    "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": 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": 96.0,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "down",
    "architecture_direction": -25.443,
    "architecture_energy": 19.1,
    "architecture_maturity": 18.845,
    "architecture_confidence": 66.625,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 61.11,
        "rotation_up": 33.82,
        "upward_expansion": 19.49,
        "deceleration": 42.2,
        "rotation_down": 22.91,
        "downward_expansion": 53.49
      },
      "activity_lines": [
        24.692275,
        24.549125,
        24.704854,
        24.762526
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.0
    },
    "latest_close": 24.81,
    "trend_reference": 24.8255,
    "distance_from_trend": -0.000624,
    "trend_direction": "Improving",
    "fair_value": 20.036979,
    "distance_from_fair_value": 0.238211,
    "fair_value_direction": "Weakening",
    "relative_strength": -7.369543,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.018157,
    "excess_performance": -0.143782,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.000624,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.019085,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.238211,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.098614,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.073695,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.081531,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.018157,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.004106,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 2433412,
      "relative_activity": 1.082114,
      "balance": 1.004106,
      "dry_up": 0.778423,
      "accumulation_observations": 3,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.021778,
      "annualized_volatility": 0.125513,
      "from_high_reference": -0.045385,
      "from_low_reference": 0.161077
    },
    "levels": {
      "trend_reference": 24.8255,
      "fair_value_reference": 20.036979,
      "structural_low": 23.646618,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 13,
        "median_return": 0.00286,
        "positive_rate": 0.538462,
        "directional_follow_through": 0.538462,
        "median_excess_return": -0.013143,
        "regime_survival": 0.230769,
        "best_return": 0.058244,
        "worst_return": -0.079356,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": -0.035023,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.428571,
        "median_excess_return": -0.017975,
        "regime_survival": 0.285714,
        "best_return": 0.113481,
        "worst_return": -0.132861,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.006944,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.065636,
        "regime_survival": 0.0,
        "best_return": 0.16106,
        "worst_return": -0.176287,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": 0.039348,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.198122,
        "regime_survival": 0.25,
        "best_return": 0.345505,
        "worst_return": -0.262385,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-17",
        "end": "2025-02-07",
        "tenure": "New",
        "return": 0.009593,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-03-07",
        "tenure": "New",
        "return": 0.007124,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-03-28",
        "tenure": "New",
        "return": -0.005668,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-04-04",
        "end": "2025-04-11",
        "tenure": "New",
        "return": 0.003151,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-18",
        "end": "2025-05-02",
        "tenure": "New",
        "return": 0.07771,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-09",
        "end": "2025-05-16",
        "tenure": "New",
        "return": 0.032505,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-05-23",
        "end": "2025-10-17",
        "tenure": "Established",
        "return": 0.13829,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-10-24",
        "end": "2025-11-07",
        "tenure": "New",
        "return": 0.014232,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2026-03-20",
        "tenure": "Established",
        "return": 0.028529,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2026-04-17",
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        "return": 0.076285,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2026-06-05",
        "tenure": "Developing",
        "return": -0.042312,
        "active": false
      },
      {
        "regime": "balance",
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        "active": false
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      {
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        "active": false
      },
      {
        "regime": "balance",
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        "active": true
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    ],
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      },
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        "date": "2026-04-17",
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        "date": "2026-06-05",
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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": 2655180.95,
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        "fair_value": 19.890748,
        "relative_strength": -4.189105,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -25.221018,
        "energy": 22.108255,
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        ]
      },
      {
        "date": "2026-07-24",
        "close": 24.551013,
        "volume": 1461226,
        "typical_volume": 2451789.6,
        "trend": 24.748851,
        "fair_value": 19.936319,
        "relative_strength": -4.251357,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -12.798752,
        "energy": 12.15845,
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        ]
      },
      {
        "date": "2026-07-31",
        "close": 24.699928,
        "volume": 1474666,
        "typical_volume": 2306554.05,
        "trend": 24.7945,
        "fair_value": 19.985818,
        "relative_strength": -4.652877,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -34.168882,
        "energy": 19.595875,
        "activity_lines": [
          24.5954,
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          24.702278,
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 24.81,
        "volume": 2433412,
        "typical_volume": 2248758.3,
        "trend": 24.8255,
        "fair_value": 20.036979,
        "relative_strength": -7.369543,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -25.442505,
        "energy": 19.099981,
        "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."
    }
  }
}