{ "ticker": { "uuid": "3d68ed0c-abaa-4117-b5d4-89359e96cd67", "symbol": "SPYI", "name": "NEOS S&P 500(R) HIGH INCOME ETF", "exchange": "CBOE", "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": 63.445, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 77.432, "architecture_energy": 51.902, "architecture_maturity": 15.161, "architecture_confidence": 79.635, "architecture_tenure": "New", "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": 24.84, "rotation_up": 57.68, "upward_expansion": 80.09, "deceleration": 56.33, "rotation_down": 22.35, "downward_expansion": 6.76 }, "activity_lines": [ 53.166179, 52.841234, 52.507096, 51.809581 ], "activity_state": "Moderate", "activity_direction": "Stable", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 54.18, "trend_reference": 51.040356, "distance_from_trend": 0.061513, "trend_direction": "Improving", "fair_value": 42.962351, "distance_from_fair_value": 0.261104, "fair_value_direction": "Weakening", "relative_strength": -2.970738, "relative_strength_direction": "Weakening", "price_momentum": 0.080725, "excess_performance": -0.0449, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.061513, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.024217, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.261104, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.002592, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.029707, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.005993, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.080725, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.530446, "read": "Demand-led" } ], "volume": { "latest": 14178011, "relative_activity": 0.918131, "balance": 1.530446, "dry_up": 0.899885, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.020883, "annualized_volatility": 0.115076, "from_high_reference": -0.00129, "from_low_reference": 0.183238 }, "levels": { "trend_reference": 51.040356, "fair_value_reference": 42.962351, "structural_low": 46.358718, 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"regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.759254, "energy": 39.955305, "activity_lines": [ 52.533863, 52.543339, 51.829431, 51.237214 ] }, { "date": "2026-07-17", "close": 52.542979, "volume": 11756966, "typical_volume": 17843375.5, "trend": 50.71229, "fair_value": 42.6118, "relative_strength": -2.29261, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.03463, "energy": 37.775095, "activity_lines": [ 52.563441, 52.541084, 51.979715, 51.36237 ] }, { "date": "2026-07-24", "close": 52.3, "volume": 15185848, "typical_volume": 16915553.65, "trend": 50.792233, "fair_value": 42.720734, "relative_strength": -2.123472, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.096857, "energy": 39.096354, "activity_lines": [ 52.51413, 52.491221, 52.094942, 51.464803 ] }, { "date": "2026-07-31", "close": 52.86, "volume": 14464175, "typical_volume": 16050021.5, "trend": 50.90371, "fair_value": 42.837132, "relative_strength": -2.085559, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.193298, "energy": 40.801386, "activity_lines": [ 52.666364, 52.546302, 52.248443, 51.598207 ] }, { "date": "2026-08-07", "close": 54.18, "volume": 14178011, "typical_volume": 15442254.1, "trend": 51.040356, "fair_value": 42.962351, "relative_strength": -2.970738, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.431734, "energy": 51.901554, "activity_lines": [ 53.166179, 52.841234, 52.507096, 51.809581 ] } ], "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." } } }