{
  "ticker": {
    "uuid": "4742b157-7faf-4228-bdc9-2138c7ffc233",
    "symbol": "CGCP",
    "name": "CAPITAL GROUP FIXED INCOME ETF CORE PLUS INCOME 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": 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": 62.394,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -60.052,
    "architecture_energy": 63.69,
    "architecture_maturity": 4.589,
    "architecture_confidence": 86.534,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 20.1,
        "rotation_up": 10.39,
        "upward_expansion": 14.14,
        "deceleration": 37.48,
        "rotation_down": 70.22,
        "downward_expansion": 89.81
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      "activity_lines": [
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.833333
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    "latest_close": 22.04,
    "trend_reference": 22.203396,
    "distance_from_trend": -0.007359,
    "trend_direction": "Weakening",
    "fair_value": 20.953244,
    "distance_from_fair_value": 0.051866,
    "fair_value_direction": "Weakening",
    "relative_strength": -11.384803,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.01393,
    "excess_performance": -0.139555,
    "evidence": [
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        "label": "Price vs Trend",
        "positive": false,
        "value": -0.007359,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.000576,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.051866,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.023075,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.113848,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.015093,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.01393,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.838024,
        "read": "Supply-led"
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    ],
    "volume": {
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      "balance": 0.838024,
      "dry_up": 0.926554,
      "accumulation_observations": 1,
      "distribution_observations": 4
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    "risk": {
      "range_context": 0.008211,
      "annualized_volatility": 0.043458,
      "from_high_reference": -0.023153,
      "from_low_reference": 0.021575
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    "levels": {
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      "structural_low": 21.852093,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
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        "sample_count": 4,
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      },
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      {
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      },
      {
        "date": "2026-07-17",
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        "volume": 6500329,
        "typical_volume": 7632686.75,
        "trend": 22.231986,
        "fair_value": 20.899306,
        "relative_strength": -8.471138,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
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        "direction": -50.696516,
        "energy": 39.506226,
        "activity_lines": [
          22.131119,
          22.160634,
          22.177312,
          22.204015
        ]
      },
      {
        "date": "2026-07-24",
        "close": 21.882734,
        "volume": 6548802,
        "typical_volume": 7560657.8,
        "trend": 22.220841,
        "fair_value": 20.916432,
        "relative_strength": -8.564193,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -72.067178,
        "energy": 63.514764,
        "activity_lines": [
          22.037191,
          22.110957,
          22.148992,
          22.181482
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      },
      {
        "date": "2026-07-31",
        "close": 21.91,
        "volume": 7194216,
        "typical_volume": 7355502.35,
        "trend": 22.211259,
        "fair_value": 20.933895,
        "relative_strength": -9.129024,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -69.701768,
        "energy": 70.013363,
        "activity_lines": [
          21.977403,
          22.068386,
          22.125424,
          22.161428
        ]
      },
      {
        "date": "2026-08-07",
        "close": 22.04,
        "volume": 6766738,
        "typical_volume": 7287775.6,
        "trend": 22.203396,
        "fair_value": 20.953244,
        "relative_strength": -11.384803,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.051794,
        "energy": 63.689833,
        "activity_lines": [
          21.982232,
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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."
    }
  }
}