{
  "ticker": {
    "uuid": "6d14dce3-fd8b-4857-b30f-1455cc876944",
    "symbol": "INDS",
    "name": "PACER FDS TR INDUSTRIAL REAL ESTATE 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": 2,
    "stage_name": "Advancing",
    "phase": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 68.927,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 60.577,
    "architecture_energy": 57.714,
    "architecture_maturity": 33.711,
    "architecture_confidence": 72.646,
    "architecture_tenure": "Established",
    "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": 12.81,
        "rotation_up": 65.96,
        "upward_expansion": 86.93,
        "deceleration": 45.47,
        "rotation_down": 14.54,
        "downward_expansion": 11.27
      },
      "activity_lines": [
        41.929933,
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        40.850164,
        40.329233
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 41.6699,
    "trend_reference": 39.822737,
    "distance_from_trend": 0.046385,
    "trend_direction": "Improving",
    "fair_value": 36.691538,
    "distance_from_fair_value": 0.135681,
    "fair_value_direction": "Improving",
    "relative_strength": -3.473681,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.060444,
    "excess_performance": -0.065181,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.046385,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.036834,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.135681,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.019066,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.034737,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.002901,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.060444,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.678227,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 89377,
      "relative_activity": 1.814281,
      "balance": 0.678227,
      "dry_up": 1.113867,
      "accumulation_observations": 2,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.038698,
      "annualized_volatility": 0.194641,
      "from_high_reference": -0.031833,
      "from_low_reference": 0.21396
    },
    "levels": {
      "trend_reference": 39.822737,
      "fair_value_reference": 36.691538,
      "structural_low": 35.926537,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 22,
        "median_return": 0.006409,
        "positive_rate": 0.545455,
        "directional_follow_through": 0.545455,
        "median_excess_return": -0.008015,
        "regime_survival": 0.681818,
        "best_return": 0.071738,
        "worst_return": -0.078632,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
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        "worst_return": -0.080382,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.036102,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
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        "worst_return": -0.199686,
        "sufficient": true
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        "horizon": "Full cycle",
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        "sufficient": false
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        "regime": "rotation_up",
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        "regime": "downward_expansion",
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      {
        "date": "2026-04-24",
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        "date": "2026-05-08",
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        "date": "2026-06-05",
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      },
      {
        "date": "2026-07-03",
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      },
      {
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        "trend": 39.154812,
        "fair_value": 36.52076,
        "relative_strength": -3.011658,
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      },
      {
        "date": "2026-07-17",
        "close": 42.34,
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        "typical_volume": 47592.2,
        "trend": 39.349191,
        "fair_value": 36.558582,
        "relative_strength": 2.018094,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "direction": 75.156615,
        "energy": 66.506628,
        "activity_lines": [
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          40.198599,
          39.85163
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      },
      {
        "date": "2026-07-24",
        "close": 42.2404,
        "volume": 41083,
        "typical_volume": 46884.8,
        "trend": 39.530505,
        "fair_value": 36.600691,
        "relative_strength": 2.362844,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "direction": 67.851356,
        "energy": 64.219387,
        "activity_lines": [
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          40.03816
        ]
      },
      {
        "date": "2026-07-31",
        "close": 42.0796,
        "volume": 28858,
        "typical_volume": 46218.1,
        "trend": 39.707359,
        "fair_value": 36.648626,
        "relative_strength": 0.856269,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.061463,
        "energy": 61.501601,
        "activity_lines": [
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          40.681406,
          40.202617
        ]
      },
      {
        "date": "2026-08-07",
        "close": 41.6699,
        "volume": 89377,
        "typical_volume": 49263.05,
        "trend": 39.822737,
        "fair_value": 36.691538,
        "relative_strength": -3.473681,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.577341,
        "energy": 57.713836,
        "activity_lines": [
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          40.329233
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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."
    }
  }
}