{
  "ticker": {
    "uuid": "5cfd67f4-0f12-4b3d-98f6-78b47eacd673",
    "symbol": "COLO",
    "name": "GLOBAL X MSCI COLOMBIA 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": 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": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 75.492,
    "architecture_energy": 76.723,
    "architecture_maturity": 25.805,
    "architecture_confidence": 84.735,
    "architecture_tenure": "Developing",
    "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": 9.74,
        "rotation_up": 76.08,
        "upward_expansion": 92.36,
        "deceleration": 43.34,
        "rotation_down": 11.27,
        "downward_expansion": 16.69
      },
      "activity_lines": [
        45.738,
        44.612319,
        42.552555,
        41.583576
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 46.84,
    "trend_reference": 40.817121,
    "distance_from_trend": 0.147558,
    "trend_direction": "Improving",
    "fair_value": 27.185739,
    "distance_from_fair_value": 0.722962,
    "fair_value_direction": "Improving",
    "relative_strength": 11.355158,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.140214,
    "excess_performance": 0.014589,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.147558,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.07144,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.722962,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.243893,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.113552,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.136259,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.140214,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.829951,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 782392,
      "relative_activity": 0.85234,
      "balance": 3.829951,
      "dry_up": 0.779947,
      "accumulation_observations": 4,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.054567,
      "annualized_volatility": 0.278598,
      "from_high_reference": -0.011814,
      "from_low_reference": 0.618581
    },
    "levels": {
      "trend_reference": 40.817121,
      "fair_value_reference": 27.185739,
      "structural_low": 34.89,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 32,
        "median_return": 0.020724,
        "positive_rate": 0.65625,
        "directional_follow_through": 0.65625,
        "median_excess_return": 0.016325,
        "regime_survival": 0.75,
        "best_return": 0.175263,
        "worst_return": -0.108167,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 11,
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        "directional_follow_through": 0.636364,
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        "regime_survival": 0.363636,
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        "worst_return": -0.201479,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
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        "regime_survival": 0.714286,
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        "worst_return": -0.403527,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
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        "worst_return": -0.329829,
        "sufficient": false
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      {
        "regime": "downward_expansion",
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      {
        "regime": "balance",
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        "fair_value": 24.689646,
        "relative_strength": 12.905194,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 51.224957,
        "energy": 41.928274,
        "activity_lines": [
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      },
      {
        "date": "2026-04-24",
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        "stage": 2,
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      },
      {
        "date": "2026-05-01",
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        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-08",
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        "typical_volume": 722152.75,
        "trend": 37.641029,
        "fair_value": 25.124714,
        "relative_strength": -2.27074,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
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        "energy": 4.319188,
        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 733917.75,
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        "fair_value": 25.253312,
        "relative_strength": -5.890592,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
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        "energy": 28.085093,
        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "relative_strength": -3.566264,
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        "regime": "rotation_down",
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 746567.3,
        "trend": 38.095557,
        "fair_value": 25.533439,
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        "stage": 3,
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        "gate": "mixed",
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      },
      {
        "date": "2026-06-05",
        "close": 39.691045,
        "volume": 2142000,
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        "trend": 38.241208,
        "fair_value": 25.675223,
        "relative_strength": 3.687233,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
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        "energy": 11.916675,
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      },
      {
        "date": "2026-06-12",
        "close": 43.774691,
        "volume": 1648362,
        "typical_volume": 876429.9,
        "trend": 38.531861,
        "fair_value": 25.841205,
        "relative_strength": 13.164966,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "up",
        "direction": 74.081315,
        "energy": 44.425894,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
        "close": 43.884252,
        "volume": 1182449,
        "typical_volume": 895250.65,
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        "fair_value": 26.013044,
        "relative_strength": 11.888342,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
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        "energy": 72.331422,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
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        "typical_volume": 951252.0,
        "trend": 39.069742,
        "fair_value": 26.168191,
        "relative_strength": 8.051371,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 59.517608,
        "energy": 65.532317,
        "activity_lines": [
          42.199665,
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          39.648735
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      },
      {
        "date": "2026-07-03",
        "close": 42.21,
        "volume": 637190,
        "typical_volume": 960430.3,
        "trend": 39.301578,
        "fair_value": 26.326713,
        "relative_strength": 7.015457,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.234057,
        "energy": 69.783626,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 44.28,
        "volume": 699431,
        "typical_volume": 965489.8,
        "trend": 39.579576,
        "fair_value": 26.493857,
        "relative_strength": 10.205527,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 72.477456,
        "energy": 71.642608,
        "activity_lines": [
          43.096264,
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          40.530005,
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      },
      {
        "date": "2026-07-17",
        "close": 44.39,
        "volume": 812601,
        "typical_volume": 972697.9,
        "trend": 39.889154,
        "fair_value": 26.658123,
        "relative_strength": 11.657758,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 69.576201,
        "energy": 55.88609,
        "activity_lines": [
          43.512762,
          42.528157,
          40.978369,
          40.48287
        ]
      },
      {
        "date": "2026-07-24",
        "close": 44.31,
        "volume": 514726,
        "typical_volume": 947292.25,
        "trend": 40.149121,
        "fair_value": 26.821291,
        "relative_strength": 11.463144,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.933072,
        "energy": 59.709119,
        "activity_lines": [
          43.861572,
          43.097158,
          41.393066,
          40.768086
        ]
      },
      {
        "date": "2026-07-31",
        "close": 46.47,
        "volume": 754041,
        "typical_volume": 924540.8,
        "trend": 40.520788,
        "fair_value": 27.001574,
        "relative_strength": 14.932422,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 77.917989,
        "energy": 76.200093,
        "activity_lines": [
          44.902,
          43.905909,
          41.976763,
          41.175885
        ]
      },
      {
        "date": "2026-08-07",
        "close": 46.84,
        "volume": 782392,
        "typical_volume": 917934.2,
        "trend": 40.817121,
        "fair_value": 27.185739,
        "relative_strength": 11.355158,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 75.491859,
        "energy": 76.723471,
        "activity_lines": [
          45.738,
          44.612319,
          42.552555,
          41.583576
        ]
      }
    ],
    "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."
    }
  }
}