{ "ticker": { "uuid": "4c34f486-94d6-4aff-91d1-097977430cd1", "symbol": "INFL", "name": "LISTED FUND TRUST HORIZON KINETICS INFLATION BENEFICIR 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": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 53.237, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "mixed", "architecture_direction": 15.638, "architecture_energy": 18.462, "architecture_maturity": 25.198, "architecture_confidence": 58.44, "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": 58.92, "rotation_up": 51.26, "upward_expansion": 32.46, "deceleration": 46.7, "rotation_down": 15.16, "downward_expansion": 18.79 }, "activity_lines": [ 51.294667, 50.7134, 51.09743, 51.342844 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 52.05, "trend_reference": 51.33239, "distance_from_trend": 0.01398, "trend_direction": "Improving", "fair_value": 39.493593, "distance_from_fair_value": 0.317935, "fair_value_direction": "Weakening", "relative_strength": -3.546714, "relative_strength_direction": "Weakening", "price_momentum": 0.058061, "excess_performance": -0.067564, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.01398, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.040979, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.317935, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.071243, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.035467, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.052527, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.058061, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.831597, "read": "Demand-led" } ], "volume": { "latest": 662629, "relative_activity": 0.557611, "balance": 1.831597, "dry_up": 0.4132, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.028768, "annualized_volatility": 0.138648, "from_high_reference": -0.055091, "from_low_reference": 0.253812 }, "levels": { "trend_reference": 51.33239, "fair_value_reference": 39.493593, "structural_low": 47.94, "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": 10, "median_return": 0.008667, "positive_rate": 0.7, "directional_follow_through": 0.7, "median_excess_return": -0.024195, "regime_survival": 0.2, "best_return": 0.133787, "worst_return": -0.071351, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.03585, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.030066, "regime_survival": 0.166667, "best_return": 0.161969, "worst_return": -0.037851, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.061758, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.091724, "regime_survival": 0.25, "best_return": 0.234292, "worst_return": 0.018806, "sufficient": false }, { "horizon": 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"relative_strength": -2.98428, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.143043, "energy": 41.991688, "activity_lines": [ 49.872396, 50.232106, 51.098786, 51.229259 ] }, { "date": "2026-07-24", "close": 51.16, "volume": 505111, "typical_volume": 1260344.9, "trend": 50.91237, "fair_value": 39.225026, "relative_strength": -0.704514, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -13.789575, "energy": 15.202392, "activity_lines": [ 50.349333, 50.301609, 51.059309, 51.258675 ] }, { "date": "2026-07-31", "close": 51.3, "volume": 452910, "typical_volume": 1231033.25, "trend": 51.133011, "fair_value": 39.356875, "relative_strength": -1.572098, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -5.10769, "energy": 9.933847, "activity_lines": [ 50.777333, 50.422716, 51.040776, 51.283684 ] }, { "date": "2026-08-07", "close": 52.05, "volume": 662629, "typical_volume": 1188335.05, "trend": 51.33239, "fair_value": 39.493593, "relative_strength": -3.546714, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.638066, "energy": 18.461749, "activity_lines": [ 51.294667, 50.7134, 51.09743, 51.342844 ] } ], "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." } } }