{
  "ticker": {
    "uuid": "6a686be9-3093-471b-8b9a-0e162455e015",
    "symbol": "QLVD",
    "name": "FLEXSHARES TRUST DEVELOPED MKTS EX-US QUALITY LOW VOL IDX",
    "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": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 74.943,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 89.7,
    "architecture_energy": 92.791,
    "architecture_maturity": 10.594,
    "architecture_confidence": 64.584,
    "architecture_tenure": "New",
    "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": 12.49,
        "rotation_up": 88.13,
        "upward_expansion": 98.79,
        "deceleration": 39.0,
        "rotation_down": 8.14,
        "downward_expansion": 20.79
      },
      "activity_lines": [
        34.118227,
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        33.17793,
        33.012205
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 34.7062,
    "trend_reference": 32.82143,
    "distance_from_trend": 0.057425,
    "trend_direction": "Improving",
    "fair_value": 27.766247,
    "distance_from_fair_value": 0.249942,
    "fair_value_direction": "Improving",
    "relative_strength": -2.994977,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.052855,
    "excess_performance": -0.07277,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.057425,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.024129,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.249942,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.033914,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.02995,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.033672,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.052855,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 8.370297,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1824,
      "relative_activity": 0.262525,
      "balance": 8.370297,
      "dry_up": 0.951367,
      "accumulation_observations": 4,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.01609,
      "annualized_volatility": 0.129119,
      "from_high_reference": 0.0,
      "from_low_reference": 0.167478
    },
    "levels": {
      "trend_reference": 32.82143,
      "fair_value_reference": 27.766247,
      "structural_low": 31.435838,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 30,
        "median_return": 0.003887,
        "positive_rate": 0.566667,
        "directional_follow_through": 0.566667,
        "median_excess_return": -0.015129,
        "regime_survival": 0.7,
        "best_return": 0.107416,
        "worst_return": -0.05448,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 12,
        "median_return": 0.012307,
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        "directional_follow_through": 0.75,
        "median_excess_return": -0.05693,
        "regime_survival": 0.416667,
        "best_return": 0.149054,
        "worst_return": -0.057576,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": 0.042282,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
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        "regime_survival": 0.0,
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        "worst_return": -0.034145,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
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        "worst_return": -0.113419,
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      },
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        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "tenure": "Developing",
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        "regime": "rotation_down",
        "label": "Rotation Down",
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        "regime": "downward_expansion",
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      },
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      },
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      },
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        "typical_volume": 12124.75,
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        "fair_value": 27.556798,
        "relative_strength": -2.375948,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
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          32.714368
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      },
      {
        "date": "2026-07-24",
        "close": 33.5291,
        "volume": 2411,
        "typical_volume": 12049.4,
        "trend": 32.621306,
        "fair_value": 27.619877,
        "relative_strength": -2.130736,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.536018,
        "energy": 72.972196,
        "activity_lines": [
          33.364567,
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      },
      {
        "date": "2026-07-31",
        "close": 34.273,
        "volume": 18771,
        "typical_volume": 6887.2,
        "trend": 32.719004,
        "fair_value": 27.692259,
        "relative_strength": -0.957747,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 85.601517,
        "energy": 85.576113,
        "activity_lines": [
          33.7271,
          33.294892,
          32.993281,
          32.883999
        ]
      },
      {
        "date": "2026-08-07",
        "close": 34.7062,
        "volume": 1824,
        "typical_volume": 6947.9,
        "trend": 32.82143,
        "fair_value": 27.766247,
        "relative_strength": -2.994977,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 89.700159,
        "energy": 92.79132,
        "activity_lines": [
          34.118227,
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          33.17793,
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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."
    }
  }
}