{ "ticker": { "uuid": "61d7fa97-58b0-48b5-8168-f62e8e2dae0c", "symbol": "IHD", "name": "Voya Emerging Markets High Dividend Equity Fund", "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": 78.56, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 28.026, "architecture_energy": 18.534, "architecture_maturity": 52.362, "architecture_confidence": 83.68, "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": 57.28, "rotation_up": 19.55, "upward_expansion": 51.78, "deceleration": 93.17, "rotation_down": 30.46, "downward_expansion": 17.78 }, "activity_lines": [ 7.33402, 7.426185, 7.401094, 7.239816 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 7.39, "trend_reference": 7.039016, "distance_from_trend": 0.049863, "trend_direction": "Improving", "fair_value": 5.042488, "distance_from_fair_value": 0.465546, "fair_value_direction": "Weakening", "relative_strength": 1.260049, "relative_strength_direction": "Weakening", "price_momentum": 0.106257, "excess_performance": -0.019367, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.049863, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.078725, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.465546, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.082302, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.0126, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.080088, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.106257, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.84812, "read": "Supply-led" } ], "volume": { "latest": 325067, "relative_activity": 0.741666, "balance": 0.84812, "dry_up": 0.654852, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.049558, "annualized_volatility": 0.219935, "from_high_reference": -0.085627, "from_low_reference": 0.396679 }, "levels": { "trend_reference": 7.039016, "fair_value_reference": 5.042488, "structural_low": 6.137081, "invalidation": "A sustained loss 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"color": "blue", "start": "2025-02-07", "end": "2025-02-14", "tenure": "New", "return": 0.011539, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-02-21", "end": "2025-02-28", "tenure": "New", "return": -0.01476, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-07", "end": "2025-04-25", "tenure": "Developing", "return": -0.045165, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-02", "end": "2025-05-16", "tenure": "New", "return": 0.041509, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-23", "end": "2025-11-28", "tenure": "Extended", "return": 0.173218, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-05", "end": "2025-12-19", "tenure": "New", "return": 0.014446, "active": false }, { "regime": 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"relative_strength": 1.260049, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.02558, "energy": 18.534477, "activity_lines": [ 7.33402, 7.426185, 7.401094, 7.239816 ] } ], "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." } } }