{ "ticker": { "uuid": "51d86755-033d-4af5-9a3c-ef24616e0aa3", "symbol": "HYT", "name": "BlackRock Corporate High Yield Fund Inc", "exchange": "NYSE", "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": 4, "stage_name": "Declining", "phase": "4c", "phase_label": "Stage 4C \u00b7 Repair watch", "transition": "stage_4_to_1_watch", "transition_label": "Stage 4 \u2192 1 repair watch", "confidence": 49.722, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "mixed", "architecture_direction": -19.024, "architecture_energy": 22.504, "architecture_maturity": 28.051, "architecture_confidence": 79.002, "architecture_tenure": "Established", "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": 62.14, "rotation_up": 22.54, "upward_expansion": 12.81, "deceleration": 48.04, "rotation_down": 48.67, "downward_expansion": 47.48 }, "activity_lines": [ 8.378145, 8.399111, 8.420997, 8.411226 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 8.41, "trend_reference": 8.415316, "distance_from_trend": -0.000632, "trend_direction": "Weakening", "fair_value": 8.122526, "distance_from_fair_value": 0.035392, "fair_value_direction": "Weakening", "relative_strength": -12.289167, "relative_strength_direction": "Improving", "price_momentum": -0.009167, "excess_performance": -0.134792, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.000632, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.008467, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.035392, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.032513, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.122892, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.001419, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.009167, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.678242, "read": "Supply-led" } ], "volume": { "latest": 5191342, "relative_activity": 1.352436, "balance": 0.678242, "dry_up": 1.049145, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.015796, "annualized_volatility": 0.077776, "from_high_reference": -0.060045, "from_low_reference": 0.051403 }, "levels": { "trend_reference": 8.415316, "fair_value_reference": 8.122526, "structural_low": 7.998839, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 16, "median_return": -0.001873, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.012218, "regime_survival": 0.5625, "best_return": 0.054815, "worst_return": -0.096242, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": -0.005275, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.045749, "regime_survival": 0.125, "best_return": 0.109469, "worst_return": -0.128759, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.007478, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.03226, "regime_survival": 0.166667, "best_return": 0.155648, "worst_return": -0.09681, "sufficient": true }, { "horizon": 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decline", "gate": "mixed", "direction": -28.513955, "energy": 17.957515, "activity_lines": [ 8.392869, 8.419271, 8.423129, 8.415793 ] }, { "date": "2026-07-31", "close": 8.35, "volume": 3816519, "typical_volume": 3780145.05, "trend": 8.414803, "fair_value": 8.112363, "relative_strength": -10.315102, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -24.94284, "energy": 25.441354, "activity_lines": [ 8.373756, 8.403071, 8.419393, 8.411536 ] }, { "date": "2026-08-07", "close": 8.41, "volume": 5191342, "typical_volume": 3838512.7, "trend": 8.415316, "fair_value": 8.122526, "relative_strength": -12.289167, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -19.023779, "energy": 22.50416, "activity_lines": [ 8.378145, 8.399111, 8.420997, 8.411226 ] } ], "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." } } }