{ "ticker": { "uuid": "63c2885e-5d8f-400b-9439-a42e9004aeb8", "symbol": "NMT", "name": "Nuveen Massachusetts Quality Municipal Income 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": "2c", "phase_label": "Stage 2C \u00b7 Late advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 52.827, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 23.367, "architecture_energy": 12.225, "architecture_maturity": 37.617, "architecture_confidence": 76.149, "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": 56.0, "rotation_up": 27.07, "upward_expansion": 49.96, "deceleration": 79.43, "rotation_down": 24.05, "downward_expansion": 23.29 }, "activity_lines": [ 12.650595, 12.695774, 12.696402, 12.527633 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 12.61, "trend_reference": 12.24251, "distance_from_trend": 0.030018, "trend_direction": "Improving", "fair_value": 10.429725, "distance_from_fair_value": 0.209044, "fair_value_direction": "Weakening", "relative_strength": -3.976242, "relative_strength_direction": "Weakening", "price_momentum": 0.101841, "excess_performance": -0.023784, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.030018, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.047538, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.209044, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.072706, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.039762, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.058628, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.101841, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.748662, "read": "Supply-led" } ], "volume": { "latest": 62119, "relative_activity": 0.620582, "balance": 0.748662, "dry_up": 1.101945, "accumulation_observations": 1, "distribution_observations": 4 }, "risk": { "range_context": 0.031818, "annualized_volatility": 0.102438, "from_high_reference": -0.070299, "from_low_reference": 0.194768 }, "levels": { "trend_reference": 12.24251, "fair_value_reference": 10.429725, "structural_low": 11.34213, "invalidation": "A 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"green", "start": "2024-01-19", "end": "2024-04-19", "tenure": "Established", "return": 0.021427, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-04-26", "end": "2024-06-07", "tenure": "Developing", "return": 0.044287, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-06-14", "end": "2025-01-03", "tenure": "Extended", "return": 0.085724, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-10", "end": "2025-02-07", "tenure": "Developing", "return": 0.028165, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-14", "end": "2025-07-11", "tenure": "Established", "return": 0.013327, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-18", "end": "2025-08-15", "tenure": "Developing", "return": -0.019335, "active": false }, 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103776.75, "trend": 12.13827, "fair_value": 10.378932, "relative_strength": 1.382997, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.396756, "energy": 22.420036, "activity_lines": [ 12.69621, 12.738034, 12.677613, 12.467185 ] }, { "date": "2026-07-31", "close": 12.66, "volume": 64999, "typical_volume": 101603.8, "trend": 12.194778, "fair_value": 10.40422, "relative_strength": -0.292224, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.343521, "energy": 17.393392, "activity_lines": [ 12.685408, 12.72208, 12.691437, 12.500845 ] }, { "date": "2026-08-07", "close": 12.61, "volume": 62119, "typical_volume": 100098.0, "trend": 12.24251, "fair_value": 10.429725, "relative_strength": -3.976242, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.367154, "energy": 12.224794, "activity_lines": [ 12.650595, 12.695774, 12.696402, 12.527633 ] } ], "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." } } }