{
  "ticker": {
    "uuid": "5d049101-0288-445d-823a-bc5cbcd1b800",
    "symbol": "EIDO",
    "name": "ISHARES TRUST MSCI INDONESIA 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": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -40.505,
    "architecture_energy": 29.4,
    "architecture_maturity": 100.0,
    "architecture_confidence": 75.796,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 35.11,
        "rotation_up": 27.9,
        "upward_expansion": 22.66,
        "deceleration": 46.95,
        "rotation_down": 26.46,
        "downward_expansion": 58.99
      },
      "activity_lines": [
        12.5,
        12.25105,
        12.650031,
        13.398831
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.166667
    },
    "latest_close": 12.91,
    "trend_reference": 14.585211,
    "distance_from_trend": -0.114857,
    "trend_direction": "Weakening",
    "fair_value": 17.736111,
    "distance_from_fair_value": -0.272106,
    "fair_value_direction": "Weakening",
    "relative_strength": -28.313421,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.253331,
    "excess_performance": -0.378956,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.114857,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.122923,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.272106,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.065372,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.283134,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.037339,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.253331,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.981755,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 6016942,
      "relative_activity": 0.948575,
      "balance": 0.981755,
      "dry_up": 1.010064,
      "accumulation_observations": 4,
      "distribution_observations": 5
    },
    "risk": {
      "range_context": 0.063343,
      "annualized_volatility": 0.348508,
      "from_high_reference": -0.31857,
      "from_low_reference": 0.225875
    },
    "levels": {
      "trend_reference": 14.585211,
      "fair_value_reference": 17.736111,
      "structural_low": 10.531257,
      "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": 22,
        "median_return": 0.025584,
        "positive_rate": 0.681818,
        "directional_follow_through": 0.318182,
        "median_excess_return": -0.001414,
        "regime_survival": 0.727273,
        "best_return": 0.097038,
        "worst_return": -0.145103,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
        "median_return": 0.043129,
        "positive_rate": 0.75,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.034921,
        "regime_survival": 0.25,
        "best_return": 0.149533,
        "worst_return": -0.163176,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": 0.030448,
        "positive_rate": 0.833333,
        "directional_follow_through": 0.166667,
        "median_excess_return": -0.073786,
        "regime_survival": 0.0,
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        "worst_return": -0.01805,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": 0.075488,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
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        "best_return": 0.09612,
        "worst_return": 0.024075,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "balance",
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        "end": "2024-08-16",
        "tenure": "New",
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        "active": false
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "upward_expansion",
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      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "active": false
      },
      {
        "regime": "downward_expansion",
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      {
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      },
      {
        "regime": "deceleration",
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        "regime": "balance",
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      },
      {
        "date": "2026-07-24",
        "close": 12.26,
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        "typical_volume": 6131303.55,
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        "relative_strength": -30.038691,
        "stage": 4,
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          12.086,
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      },
      {
        "date": "2026-07-31",
        "close": 12.37,
        "volume": 6576778,
        "typical_volume": 6168871.4,
        "trend": 14.777388,
        "fair_value": 17.784692,
        "relative_strength": -29.530391,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -47.364411,
        "energy": 42.605413,
        "activity_lines": [
          12.22,
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      },
      {
        "date": "2026-08-07",
        "close": 12.91,
        "volume": 6016942,
        "typical_volume": 6343141.1,
        "trend": 14.585211,
        "fair_value": 17.736111,
        "relative_strength": -28.313421,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -40.50469,
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          12.5,
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      }
    ],
    "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."
    }
  }
}