{
  "ticker": {
    "uuid": "7060158c-0e4c-4a9b-b89e-1112479fadbe",
    "symbol": "DLRTRAC15",
    "name": "DLRTRAC 15",
    "exchange": "MEX",
    "country": "MX",
    "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": "^MXX",
    "stage": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 61.367,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Emerging rotation",
    "architecture_gate": "mixed",
    "architecture_direction": -8.583,
    "architecture_energy": 10.119,
    "architecture_maturity": 6.362,
    "architecture_confidence": 74.577,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating upward.",
        "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair."
      },
      "scores": {
        "balance": 60.21,
        "rotation_up": 40.19,
        "upward_expansion": 34.5,
        "deceleration": 31.97,
        "rotation_down": 25.47,
        "downward_expansion": 20.83
      },
      "activity_lines": [
        18.202,
        18.207818,
        18.176952,
        18.190884
      ],
      "activity_state": "Compressed",
      "activity_direction": "Stable",
      "rotation_direction": "Improving",
      "price_acceptance": 0.333333
    },
    "latest_close": 18.1,
    "trend_reference": 18.1823,
    "distance_from_trend": -0.004526,
    "trend_direction": "Weakening",
    "fair_value": 18.294006,
    "distance_from_fair_value": -0.010605,
    "fair_value_direction": "Weakening",
    "relative_strength": -3.813741,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.005556,
    "excess_performance": 0.060222,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.004526,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.006593,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.010605,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.000666,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.038137,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.093942,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.005556,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.24322,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 102508,
      "relative_activity": 3.394647,
      "balance": 0.24322,
      "dry_up": 2.882766,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.00561,
      "annualized_volatility": 0.067721,
      "from_high_reference": -0.047368,
      "from_low_reference": 0.052326
    },
    "levels": {
      "trend_reference": 18.1823,
      "fair_value_reference": 18.294006,
      "structural_low": 17.799999,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 4,
        "median_return": -0.002798,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.015181,
        "regime_survival": 0.25,
        "best_return": 0.01425,
        "worst_return": -0.021669,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": -0.014603,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.024733,
        "regime_survival": 0.0,
        "best_return": -0.006805,
        "worst_return": -0.057358,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": -0.051188,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.136969,
        "regime_survival": 0.0,
        "best_return": -0.041601,
        "worst_return": -0.060776,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.035726,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.074838,
        "regime_survival": 0.0,
        "best_return": 0.106605,
        "worst_return": -0.035153,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-02-02",
        "end": "2024-03-15",
        "tenure": "Developing",
        "return": -0.020556,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-03-22",
        "end": "2024-05-10",
        "tenure": "Developing",
        "return": 0.005535,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-05-17",
        "end": "2024-05-31",
        "tenure": "New",
        "return": 0.021446,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-06-07",
        "end": "2025-02-14",
        "tenure": "Extended",
        "return": 0.136135,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-02-21",
        "end": "2025-04-11",
        "tenure": "Developing",
        "return": 0.00495,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-04-18",
        "end": "2025-05-09",
        "tenure": "New",
        "return": -0.02503,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-05-16",
        "end": "2025-11-14",
        "tenure": "Extended",
        "return": -0.052879,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-11-21",
        "end": "2025-12-19",
        "tenure": "Developing",
        "return": -0.019088,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-12-26",
        "end": "2026-03-27",
        "tenure": "Established",
        "return": 0.024604,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-04-03",
        "end": "2026-04-10",
        "tenure": "New",
        "return": -0.017307,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-04-17",
        "end": "2026-05-08",
        "tenure": "New",
        "return": -0.002222,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-05-15",
        "end": "2026-06-19",
        "tenure": "Developing",
        "return": 0.006678,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-06-26",
        "end": "2026-07-17",
        "tenure": "New",
        "return": 0.007692,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-07-24",
        "end": "2026-08-07",
        "tenure": "New",
        "return": -0.009305,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
        "close": 16.219999,
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        "typical_volume": 752724.5,
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      },
      {
        "date": "2023-08-25",
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      },
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        "typical_volume": 63971.1,
        "trend": 18.4033,
        "fair_value": 18.123622,
        "relative_strength": -12.676543,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -40.547551,
        "energy": 28.204915,
        "activity_lines": [
          18.185334,
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          18.247981,
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        ]
      },
      {
        "date": "2026-05-01",
        "close": 18.219999,
        "volume": 24055,
        "typical_volume": 63616.65,
        "trend": 18.391967,
        "fair_value": 18.132083,
        "relative_strength": -9.878493,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -39.91709,
        "energy": 33.545702,
        "activity_lines": [
          18.158,
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      },
      {
        "date": "2026-05-08",
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        "volume": 23418,
        "typical_volume": 62709.15,
        "trend": 18.366967,
        "fair_value": 18.140288,
        "relative_strength": -13.207968,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -55.053939,
        "energy": 49.280357,
        "activity_lines": [
          18.078666,
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      },
      {
        "date": "2026-05-15",
        "close": 17.969999,
        "volume": 2025,
        "typical_volume": 62642.4,
        "trend": 18.3403,
        "fair_value": 18.147596,
        "relative_strength": -10.335015,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.550206,
        "energy": 59.223915,
        "activity_lines": [
          18.037999,
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          18.193423,
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      },
      {
        "date": "2026-05-22",
        "close": 18.15,
        "volume": 19524,
        "typical_volume": 59485.8,
        "trend": 18.3253,
        "fair_value": 18.156635,
        "relative_strength": -9.522413,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -53.382572,
        "energy": 44.847083,
        "activity_lines": [
          18.070666,
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          18.18819,
          18.227892
        ]
      },
      {
        "date": "2026-05-29",
        "close": 18.1,
        "volume": 3053,
        "typical_volume": 59441.05,
        "trend": 18.302967,
        "fair_value": 18.165801,
        "relative_strength": -9.677878,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -51.944627,
        "energy": 35.814493,
        "activity_lines": [
          18.076666,
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          18.213357
        ]
      },
      {
        "date": "2026-06-05",
        "close": 18.16,
        "volume": 13312,
        "typical_volume": 60052.7,
        "trend": 18.2793,
        "fair_value": 18.175801,
        "relative_strength": -5.672885,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -39.242839,
        "energy": 24.090452,
        "activity_lines": [
          18.103333,
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          18.178295,
          18.204133
        ]
      },
      {
        "date": "2026-06-12",
        "close": 18.16,
        "volume": 0,
        "typical_volume": 19802.75,
        "trend": 18.2673,
        "fair_value": 18.188494,
        "relative_strength": -7.794096,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -35.588676,
        "energy": 16.923449,
        "activity_lines": [
          18.134,
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          18.177443,
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      },
      {
        "date": "2026-06-19",
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        "volume": 27844,
        "typical_volume": 19316.0,
        "trend": 18.241633,
        "fair_value": 18.199814,
        "relative_strength": -7.350742,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -37.836386,
        "energy": 18.29443,
        "activity_lines": [
          18.128,
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          18.169781,
          18.184998
        ]
      },
      {
        "date": "2026-06-26",
        "close": 18.200001,
        "volume": 1215,
        "typical_volume": 14785.25,
        "trend": 18.224967,
        "fair_value": 18.212186,
        "relative_strength": -5.852236,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -27.447094,
        "energy": 15.081107,
        "activity_lines": [
          18.150667,
          18.124909,
          18.172119,
          18.182312
        ]
      },
      {
        "date": "2026-07-03",
        "close": 18.219999,
        "volume": 195,
        "typical_volume": 13526.85,
        "trend": 18.2103,
        "fair_value": 18.224814,
        "relative_strength": -5.188318,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -19.478386,
        "energy": 13.684547,
        "activity_lines": [
          18.176667,
          18.144545,
          18.175409,
          18.181991
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      },
      {
        "date": "2026-07-10",
        "close": 18.24,
        "volume": 46213,
        "typical_volume": 15225.85,
        "trend": 18.206966,
        "fair_value": 18.239603,
        "relative_strength": -3.915603,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -12.903066,
        "energy": 14.220637,
        "activity_lines": [
          18.201333,
          18.165818,
          18.178605,
          18.183907
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      },
      {
        "date": "2026-07-17",
        "close": 18.34,
        "volume": 7819,
        "typical_volume": 15252.75,
        "trend": 18.201633,
        "fair_value": 18.253641,
        "relative_strength": -3.193736,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 34.657252,
        "energy": 40.099329,
        "activity_lines": [
          18.254,
          18.204909,
          18.189609,
          18.19249
        ]
      },
      {
        "date": "2026-07-24",
        "close": 18.27,
        "volume": 15385,
        "typical_volume": 14965.65,
        "trend": 18.200966,
        "fair_value": 18.269064,
        "relative_strength": -2.8716,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 18.864236,
        "energy": 40.858532,
        "activity_lines": [
          18.271333,
          18.224364,
          18.191852,
          18.196901
        ]
      },
      {
        "date": "2026-07-31",
        "close": 18.200001,
        "volume": 222491,
        "typical_volume": 25250.15,
        "trend": 18.1923,
        "fair_value": 18.281692,
        "relative_strength": -3.632769,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 26.970521,
        "energy": 38.736581,
        "activity_lines": [
          18.253334,
          18.225637,
          18.18819,
          18.196839
        ]
      },
      {
        "date": "2026-08-07",
        "close": 18.1,
        "volume": 102508,
        "typical_volume": 30196.95,
        "trend": 18.1823,
        "fair_value": 18.294006,
        "relative_strength": -3.813741,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": -8.583203,
        "energy": 10.118708,
        "activity_lines": [
          18.202,
          18.207818,
          18.176952,
          18.190884
        ]
      }
    ],
    "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."
    }
  }
}