{ "ticker": { "uuid": "494b08fe-2706-4c13-8af9-88483e9e42da", "symbol": "MLPA", "name": "GLOBAL X FDS GLOBAL X MLP ETF (POST REV SPLIT)", "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": 94.213, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 61.886, "architecture_energy": 71.985, "architecture_maturity": 10.241, "architecture_confidence": 74.825, "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": 16.21, "rotation_up": 72.57, "upward_expansion": 89.5, "deceleration": 44.8, "rotation_down": 9.08, "downward_expansion": 16.16 }, "activity_lines": [ 56.036, 55.071636, 54.453156, 53.986345 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 55.92, "trend_reference": 53.104963, "distance_from_trend": 0.053009, "trend_direction": "Improving", "fair_value": 44.684852, "distance_from_fair_value": 0.251431, "fair_value_direction": "Improving", "relative_strength": -0.652498, "relative_strength_direction": "Improving", "price_momentum": 0.113444, "excess_performance": -0.012181, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.053009, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.05029, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.251431, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.010777, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.006525, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.011132, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.113444, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.699586, "read": "Demand-led" } ], "volume": { "latest": 2076828, "relative_activity": 1.947697, "balance": 1.699586, "dry_up": 1.031682, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.030683, "annualized_volatility": 0.146943, "from_high_reference": -0.016878, "from_low_reference": 0.277911 }, "levels": { "trend_reference": 53.104963, "fair_value_reference": 44.684852, "structural_low": 49.982724, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 46, "median_return": 0.008735, "positive_rate": 0.586957, "directional_follow_through": 0.586957, "median_excess_return": 0.000481, "regime_survival": 0.76087, "best_return": 0.096682, "worst_return": -0.104689, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 17, "median_return": 0.037082, "positive_rate": 0.823529, "directional_follow_through": 0.823529, "median_excess_return": 0.01292, "regime_survival": 0.647059, "best_return": 0.107203, "worst_return": -0.041807, "sufficient": true }, { "horizon": "Extended", "sample_count": 9, "median_return": 0.068467, "positive_rate": 0.888889, "directional_follow_through": 0.888889, "median_excess_return": -0.040136, "regime_survival": 0.666667, "best_return": 0.160314, "worst_return": -0.0293, "sufficient": true }, { 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53.348, 53.548711, 53.499089, 53.015383 ] }, { "date": "2026-07-17", "close": 55.36, "volume": 874586, "typical_volume": 1124832.35, "trend": 52.164924, "fair_value": 44.275242, "relative_strength": 2.317019, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 61.925998, "energy": 33.738731, "activity_lines": [ 54.078667, 53.836, 53.689912, 53.24066 ] }, { "date": "2026-07-24", "close": 56.36, "volume": 787432, "typical_volume": 1095682.75, "trend": 52.494973, "fair_value": 44.410346, "relative_strength": 4.717042, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.170062, "energy": 61.337832, "activity_lines": [ 55.015333, 54.268364, 53.962423, 53.51131 ] }, { "date": "2026-07-31", "close": 56.76, "volume": 661482, "typical_volume": 1038163.45, "trend": 52.82199, "fair_value": 44.551226, "relative_strength": 4.326763, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.485693, "energy": 73.936954, "activity_lines": [ 55.795333, 54.755818, 54.257384, 53.786473 ] }, { "date": "2026-08-07", "close": 55.92, "volume": 2076828, "typical_volume": 1066299.1, "trend": 53.104963, "fair_value": 44.684852, "relative_strength": -0.652498, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.886185, "energy": 71.985411, "activity_lines": [ 56.036, 55.071636, 54.453156, 53.986345 ] } ], "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." } } }