{
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    "uuid": "66f19991-4443-4c23-a47b-ae03f3f7a448",
    "symbol": "EVHY",
    "name": "MORGAN STANLEY ETF TRUST EATON VANCE HIGH YIELD ETF USD",
    "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.",
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    "as_of": "2026-08-07",
    "benchmark": "SPY",
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    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
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    "architecture_energy": 27.439,
    "architecture_maturity": 50.387,
    "architecture_confidence": 67.075,
    "architecture_tenure": "Established",
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        "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."
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        "upward_expansion": 68.64,
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        "downward_expansion": 8.98
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
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        "label": "Relative Strength vs benchmark",
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        "label": "Price momentum",
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 20460.6,
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        "relative_strength": -6.844175,
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      },
      {
        "date": "2026-07-31",
        "close": 51.9251,
        "volume": 6957,
        "typical_volume": 20556.9,
        "trend": 51.8149,
        "fair_value": 48.234904,
        "relative_strength": -7.261876,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 30.790847,
        "energy": 14.852071,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 52.2058,
        "volume": 31392,
        "typical_volume": 21889.4,
        "trend": 51.829135,
        "fair_value": 48.261917,
        "relative_strength": -9.649484,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
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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."
    }
  }
}