{
  "ticker": {
    "uuid": "748cede7-bdff-4b7c-8190-feeb3c8ff8d0",
    "symbol": "OUSM",
    "name": "ALPS - O SHARES U.S. SMALL-CAP QUALITY DIVIDEND 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": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 85.615,
    "architecture_energy": 81.998,
    "architecture_maturity": 36.525,
    "architecture_confidence": 71.093,
    "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": 0.35,
        "rotation_up": 81.21,
        "upward_expansion": 95.28,
        "deceleration": 40.33,
        "rotation_down": 11.79,
        "downward_expansion": 17.28
      },
      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 49.97,
    "trend_reference": 46.201712,
    "distance_from_trend": 0.081562,
    "trend_direction": "Improving",
    "fair_value": 41.580769,
    "distance_from_fair_value": 0.201757,
    "fair_value_direction": "Improving",
    "relative_strength": -1.299055,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.065147,
    "excess_performance": -0.060478,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.081562,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.031883,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.201757,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.04984,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.012991,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.041981,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.065147,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.023298,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 455297,
      "relative_activity": 1.324533,
      "balance": 3.023298,
      "dry_up": 1.270057,
      "accumulation_observations": 2,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.024366,
      "annualized_volatility": 0.120958,
      "from_high_reference": -0.002993,
      "from_low_reference": 0.204883
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    "levels": {
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      "fair_value_reference": 41.580769,
      "structural_low": 42.554706,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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    "outcomes": [
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        "horizon": "Near term",
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        "median_return": 0.010411,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
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        "worst_return": -0.066267,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "horizon": "Extended",
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        "horizon": "Full cycle",
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        "worst_return": -0.02047,
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        "regime": "balance",
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        "regime": "downward_expansion",
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      {
        "date": "2026-07-03",
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      {
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      },
      {
        "date": "2026-07-17",
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        "fair_value": 41.310481,
        "relative_strength": -0.873328,
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      },
      {
        "date": "2026-07-24",
        "close": 48.23,
        "volume": 327564,
        "typical_volume": 328368.0,
        "trend": 45.859835,
        "fair_value": 41.394931,
        "relative_strength": -0.4893,
        "stage": 2,
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        "modifier": "Re-accelerating",
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        "direction": 69.329734,
        "energy": 68.404022,
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      },
      {
        "date": "2026-07-31",
        "close": 48.65,
        "volume": 652050,
        "typical_volume": 349159.95,
        "trend": 46.030333,
        "fair_value": 41.483528,
        "relative_strength": -0.621964,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 72.524491,
        "energy": 66.159926,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 49.97,
        "volume": 455297,
        "typical_volume": 343741.6,
        "trend": 46.201712,
        "fair_value": 41.580769,
        "relative_strength": -1.299055,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 85.615093,
        "energy": 81.997888,
        "activity_lines": [
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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."
    }
  }
}