{
  "ticker": {
    "uuid": "53e4b5fc-00e9-4001-b205-2061ad2b0250",
    "symbol": "CGXU",
    "name": "CAPITAL GROUP INTERNATIONAL FOCUS EQUITY ETF SHARE CLASS",
    "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": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 48.639,
    "architecture_energy": 23.567,
    "architecture_maturity": 46.668,
    "architecture_confidence": 87.781,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 37.82,
        "rotation_up": 31.76,
        "upward_expansion": 57.04,
        "deceleration": 87.29,
        "rotation_down": 25.98,
        "downward_expansion": 18.37
      },
      "activity_lines": [
        33.892667,
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        33.673768,
        32.998519
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
    },
    "latest_close": 34.81,
    "trend_reference": 32.2865,
    "distance_from_trend": 0.07816,
    "trend_direction": "Improving",
    "fair_value": 26.010035,
    "distance_from_fair_value": 0.33833,
    "fair_value_direction": "Improving",
    "relative_strength": 1.245546,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.100886,
    "excess_performance": -0.024739,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.07816,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.053143,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.33833,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.005582,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.012455,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.024653,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.100886,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.974122,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 4343720,
      "relative_activity": 0.994833,
      "balance": 1.974122,
      "dry_up": 1.125457,
      "accumulation_observations": 3,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.046127,
      "annualized_volatility": 0.245205,
      "from_high_reference": -0.028824,
      "from_low_reference": 0.329426
    },
    "levels": {
      "trend_reference": 32.2865,
      "fair_value_reference": 26.010035,
      "structural_low": 28.14,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 5,
        "median_return": 0.008887,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": -0.003903,
        "regime_survival": 0.0,
        "best_return": 0.141901,
        "worst_return": -0.056424,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": 0.06227,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.040135,
        "regime_survival": 0.0,
        "best_return": 0.256167,
        "worst_return": -0.040288,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.089875,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.055477,
        "regime_survival": 0.0,
        "best_return": 0.200164,
        "worst_return": 0.010244,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": 0.177918,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.088971,
        "regime_survival": 0.0,
        "best_return": 0.177918,
        "worst_return": 0.177918,
        "sufficient": false
      }
    ],
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        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-10-11",
        "end": "2024-11-08",
        "tenure": "Developing",
        "return": -0.029029,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2024-12-27",
        "tenure": "Developing",
        "return": -0.008909,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-03",
        "end": "2025-02-07",
        "tenure": "Developing",
        "return": 0.039003,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "end": "2025-03-28",
        "tenure": "Developing",
        "return": -0.058801,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-04",
        "end": "2025-05-16",
        "tenure": "Developing",
        "return": 0.181736,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-06-13",
        "tenure": "New",
        "return": 0.00759,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-11-21",
        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "tenure": "New",
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        "active": false
      },
      {
        "regime": "upward_expansion",
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        "return": -0.022185,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "active": false
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      {
        "regime": "rotation_down",
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      {
        "regime": "balance",
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      {
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      },
      {
        "date": "2026-04-24",
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      },
      {
        "date": "2026-05-08",
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      },
      {
        "date": "2026-05-15",
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      },
      {
        "date": "2026-05-22",
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      },
      {
        "date": "2026-05-29",
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      },
      {
        "date": "2026-06-05",
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      },
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        "date": "2026-06-12",
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      },
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        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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        "fair_value": 25.639761,
        "relative_strength": 3.732448,
        "stage": 2,
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        "modifier": "Established expansion",
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 4478415.2,
        "trend": 31.793472,
        "fair_value": 25.716694,
        "relative_strength": 3.132119,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 58.600583,
        "energy": 45.515626,
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      },
      {
        "date": "2026-07-17",
        "close": 33.14,
        "volume": 5516464,
        "typical_volume": 4518826.2,
        "trend": 31.931833,
        "fair_value": 25.785778,
        "relative_strength": 0.705516,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 43.173792,
        "energy": 27.998537,
        "activity_lines": [
          33.963004,
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          33.27422,
          32.650551
        ]
      },
      {
        "date": "2026-07-24",
        "close": 33.25,
        "volume": 3495263,
        "typical_volume": 4460460.35,
        "trend": 32.0485,
        "fair_value": 25.853468,
        "relative_strength": 1.499213,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 37.961523,
        "energy": 21.617193,
        "activity_lines": [
          33.621998,
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          33.369339,
          32.735594
        ]
      },
      {
        "date": "2026-07-31",
        "close": 33.47,
        "volume": 6300796,
        "typical_volume": 4338714.65,
        "trend": 32.156167,
        "fair_value": 25.926707,
        "relative_strength": 0.910023,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 33.842689,
        "energy": 18.085747,
        "activity_lines": [
          33.516,
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          33.468173,
          32.827304
        ]
      },
      {
        "date": "2026-08-07",
        "close": 34.81,
        "volume": 4343720,
        "typical_volume": 4366278.75,
        "trend": 32.2865,
        "fair_value": 26.010035,
        "relative_strength": 1.245546,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 48.638778,
        "energy": 23.567008,
        "activity_lines": [
          33.892667,
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          32.998519
        ]
      }
    ],
    "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."
    }
  }
}