{ "ticker": { "uuid": "707aabac-d4d7-45b8-aca0-def85064d717", "symbol": "NFRA", "name": "FLEXSHARES TRUST STOXX GLOBAL BROAD INFRASTRUCTURE 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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 54.32, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "up", "architecture_direction": 56.558, "architecture_energy": 40.729, "architecture_maturity": 13.833, "architecture_confidence": 78.77, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The prior uptrend is attempting to re-accelerate.", "body": "Positive Trend survived a recompression and Fast Activity is strengthening again. Promotion requires renewed confirmation across the completed evidence set." }, "scores": { "balance": 31.35, "rotation_up": 54.73, "upward_expansion": 79.25, "deceleration": 52.0, "rotation_down": 17.54, "downward_expansion": 5.92 }, "activity_lines": [ 65.519667, 65.288932, 65.131339, 64.856145 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 65.765, "trend_reference": 64.291756, "distance_from_trend": 0.022915, "trend_direction": "Improving", "fair_value": 54.531369, "distance_from_fair_value": 0.206003, "fair_value_direction": "Weakening", "relative_strength": -5.830535, "relative_strength_direction": "Weakening", "price_momentum": 0.043461, "excess_performance": -0.082164, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.022915, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.030371, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.206003, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.020012, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.058305, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.014258, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.043461, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.363864, "read": "Demand-led" } ], "volume": { "latest": 229594, "relative_activity": 0.805158, "balance": 1.363864, "dry_up": 0.7732, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.019452, "annualized_volatility": 0.11688, "from_high_reference": -0.012151, "from_low_reference": 0.134147 }, "levels": { "trend_reference": 64.291756, "fair_value_reference": 54.531369, "structural_low": 61.593984, "invalidation": "A 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65.46, "volume": 142160, "typical_volume": 295426.35, "trend": 63.731172, "fair_value": 54.157703, "relative_strength": -2.833523, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 53.276233, "energy": 26.679765, "activity_lines": [ 65.093333, 65.036348, 64.860319, 64.542436 ] }, { "date": "2026-07-24", "close": 65.71, "volume": 251147, "typical_volume": 293527.6, "trend": 63.924749, "fair_value": 54.277404, "relative_strength": -1.819186, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 55.688585, "energy": 31.638901, "activity_lines": [ 65.352667, 65.168255, 64.974079, 64.670102 ] }, { "date": "2026-07-31", "close": 65.135, "volume": 259024, "typical_volume": 296258.6, "trend": 64.091582, "fair_value": 54.403336, "relative_strength": -3.611685, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.711892, "energy": 33.965026, "activity_lines": [ 65.339667, 65.166087, 65.026507, 64.748183 ] }, { "date": "2026-08-07", "close": 65.765, "volume": 229594, "typical_volume": 285154.05, "trend": 64.291756, "fair_value": 54.531369, "relative_strength": -5.830535, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 56.557786, "energy": 40.72885, "activity_lines": [ 65.519667, 65.288932, 65.131339, 64.856145 ] } ], "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." } } }