{
  "ticker": {
    "uuid": "77ac43ef-d87a-4cc4-89c0-f0e13bca291c",
    "symbol": "COMB",
    "name": "GRANITESHARES ETF TRUST BLOOMBERG COMMODITY BROAD STRATEGY NO K1",
    "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": 51.25,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Re-acceleration watch",
    "architecture_gate": "up",
    "architecture_direction": 36.565,
    "architecture_energy": 32.568,
    "architecture_maturity": 44.662,
    "architecture_confidence": 48.902,
    "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": 40.87,
        "rotation_up": 62.36,
        "upward_expansion": 67.68,
        "deceleration": 65.21,
        "rotation_down": 9.33,
        "downward_expansion": 11.01
      },
      "activity_lines": [
        25.830233,
        25.396945,
        25.65995,
        25.609466
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.333333
    },
    "latest_close": 25.6927,
    "trend_reference": 25.187583,
    "distance_from_trend": 0.020054,
    "trend_direction": "Improving",
    "fair_value": 19.96256,
    "distance_from_fair_value": 0.287044,
    "fair_value_direction": "Weakening",
    "relative_strength": -0.871141,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.127862,
    "excess_performance": 0.002237,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.020054,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.058207,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.287044,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.105885,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.008711,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.116566,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.127862,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.673616,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 290513,
      "relative_activity": 0.800454,
      "balance": 0.673616,
      "dry_up": 0.856691,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.034314,
      "annualized_volatility": 0.192108,
      "from_high_reference": -0.084039,
      "from_low_reference": 0.36321
    },
    "levels": {
      "trend_reference": 25.187583,
      "fair_value_reference": 19.96256,
      "structural_low": 22.26,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 15,
        "median_return": 0.011089,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.038853,
        "regime_survival": 0.6,
        "best_return": 0.065176,
        "worst_return": -0.045943,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": 0.012259,
        "positive_rate": 0.714286,
        "directional_follow_through": 0.714286,
        "median_excess_return": -0.037774,
        "regime_survival": 0.285714,
        "best_return": 0.130616,
        "worst_return": -0.051136,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.00362,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": -0.104563,
        "regime_survival": 0.0,
        "best_return": 0.170253,
        "worst_return": -0.023024,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.294876,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.055185,
        "regime_survival": 0.0,
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        "worst_return": 0.011496,
        "sufficient": false
      }
    ],
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        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2024-03-15",
        "tenure": "Developing",
        "return": 0.014902,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-03-22",
        "end": "2024-03-29",
        "tenure": "New",
        "return": 0.009142,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2024-05-03",
        "tenure": "Developing",
        "return": -0.0107,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2024-06-21",
        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-07-26",
        "tenure": "Developing",
        "return": -0.045943,
        "active": false
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2024-09-06",
        "tenure": "Developing",
        "return": -0.010088,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2024-10-04",
        "tenure": "New",
        "return": 0.064046,
        "active": false
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "tenure": "Developing",
        "return": -0.02275,
        "active": false
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      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-01-10",
        "tenure": "Developing",
        "return": 0.073749,
        "active": false
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        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "return": -0.026733,
        "active": false
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        "regime": "deceleration",
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        "end": "2025-08-22",
        "tenure": "Established",
        "return": 0.011368,
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      {
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        "active": true
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      },
      {
        "date": "2026-04-24",
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        "date": "2026-05-01",
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        "date": "2026-05-15",
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        "date": "2026-05-22",
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      },
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        "date": "2026-05-29",
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      {
        "date": "2026-06-05",
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      },
      {
        "date": "2026-06-12",
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      },
      {
        "date": "2026-07-03",
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        "fair_value": 19.721513,
        "relative_strength": -2.79714,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
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      },
      {
        "date": "2026-07-10",
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        "fair_value": 19.765703,
        "relative_strength": -1.164749,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -25.730209,
        "energy": 50.437437,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 25.71,
        "volume": 129344,
        "typical_volume": 357603.75,
        "trend": 24.736351,
        "fair_value": 19.813618,
        "relative_strength": 3.871985,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 0.243097,
        "energy": 28.598146,
        "activity_lines": [
          24.850933,
          25.077164,
          25.627561,
          25.396456
        ]
      },
      {
        "date": "2026-07-24",
        "close": 26.4,
        "volume": 738548,
        "typical_volume": 383823.0,
        "trend": 24.893293,
        "fair_value": 19.864934,
        "relative_strength": 6.998961,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 38.580029,
        "energy": 19.468036,
        "activity_lines": [
          25.427733,
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          25.67978,
          25.503788
        ]
      },
      {
        "date": "2026-07-31",
        "close": 25.89,
        "volume": 85289,
        "typical_volume": 361710.2,
        "trend": 25.051393,
        "fair_value": 19.914164,
        "relative_strength": 3.574687,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 36.653454,
        "energy": 28.89673,
        "activity_lines": [
          25.723867,
          25.326145,
          25.678808,
          25.568091
        ]
      },
      {
        "date": "2026-08-07",
        "close": 25.6927,
        "volume": 290513,
        "typical_volume": 362935.45,
        "trend": 25.187583,
        "fair_value": 19.96256,
        "relative_strength": -0.871141,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 36.56471,
        "energy": 32.567682,
        "activity_lines": [
          25.830233,
          25.396945,
          25.65995,
          25.609466
        ]
      }
    ],
    "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."
    }
  }
}