{ "ticker": { "uuid": "71fb1bfa-ad68-4689-9fa9-380e36e43da3", "symbol": "EOI", "name": "Eaton Vance Enhanced Equity Income Fund", "exchange": "NYSE", "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": 96.0, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "mixed", "architecture_direction": 41.766, "architecture_energy": 49.035, "architecture_maturity": 34.577, "architecture_confidence": 47.975, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 30.17, "rotation_up": 65.24, "upward_expansion": 61.89, "deceleration": 19.1, "rotation_down": 20.25, "downward_expansion": 17.89 }, "activity_lines": [ 19.875223, 19.699204, 19.603369, 19.515829 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 20.15, "trend_reference": 19.521182, "distance_from_trend": 0.032212, "trend_direction": "Improving", "fair_value": 17.290926, "distance_from_fair_value": 0.165351, "fair_value_direction": "Weakening", "relative_strength": -8.08184, "relative_strength_direction": "Improving", "price_momentum": 0.015052, "excess_performance": -0.110573, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.032212, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.006002, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.165351, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.015246, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.080818, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.013761, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.015052, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.470096, "read": "Demand-led" } ], "volume": { "latest": 399361, "relative_activity": 1.018285, "balance": 1.470096, "dry_up": 0.883949, "accumulation_observations": 3, "distribution_observations": 0 }, "risk": { "range_context": 0.026891, "annualized_volatility": 0.154229, "from_high_reference": -0.009369, "from_low_reference": 0.14019 }, "levels": { "trend_reference": 19.521182, "fair_value_reference": 17.290926, "structural_low": 17.6725, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 17, "median_return": 0.012795, "positive_rate": 0.647059, "directional_follow_through": 0.647059, "median_excess_return": 0.000459, "regime_survival": 0.470588, "best_return": 0.065626, "worst_return": -0.13475, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.035678, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.022777, "regime_survival": 0.25, "best_return": 0.107306, "worst_return": -0.100686, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.05508, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.006916, "regime_survival": 0.166667, "best_return": 0.232562, "worst_return": -0.0822, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.096674, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.043329, "regime_survival": 0.333333, "best_return": 0.176529, "worst_return": -0.076526, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-07", "end": "2025-03-14", "tenure": "New", "return": -0.026337, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-21", "end": "2025-04-04", "tenure": "New", "return": -0.1174, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-05-16", "tenure": "Developing", "return": 0.138292, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-23", "end": "2025-05-30", "tenure": "New", "return": 0.019898, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-06", "end": "2025-07-11", "tenure": "Developing", "return": 0.037762, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-18", "end": "2025-10-03", "tenure": "Developing", "return": 0.025848, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-10", "end": "2025-11-21", "tenure": "Developing", "return": -0.037288, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-28", "end": "2025-12-26", "tenure": "Developing", "return": 0.041149, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-02", "end": "2026-01-09", "tenure": "New", "return": 0.018528, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-16", "end": "2026-01-30", "tenure": "New", "return": 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"mixed", "direction": 19.965761, "energy": 18.519107, "activity_lines": [ 19.591384, 19.505495, 19.448965, 19.447011 ] }, { "date": "2026-07-24", "close": 19.7, "volume": 262707, "typical_volume": 387209.3, "trend": 19.516355, "fair_value": 17.200785, "relative_strength": -6.586579, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.430945, "energy": 28.096725, "activity_lines": [ 19.663175, 19.542426, 19.486076, 19.458725 ] }, { "date": "2026-07-31", "close": 19.77, "volume": 394320, "typical_volume": 391183.45, "trend": 19.51852, "fair_value": 17.244587, "relative_strength": -6.973109, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.883324, "energy": 37.184139, "activity_lines": [ 19.73108, 19.587669, 19.528046, 19.475089 ] }, { "date": "2026-08-07", "close": 20.15, "volume": 399361, "typical_volume": 392189.85, "trend": 19.521182, "fair_value": 17.290926, "relative_strength": -8.08184, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 41.766483, "energy": 49.035144, "activity_lines": [ 19.875223, 19.699204, 19.603369, 19.515829 ] } ], "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." } } }