{
  "ticker": {
    "uuid": "7b1caead-78a9-45cb-a1a2-ccd5bbc0152e",
    "symbol": "ADX",
    "name": "Adams Diversified Equity 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": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "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": 76.038,
    "architecture_energy": 55.732,
    "architecture_maturity": 100.0,
    "architecture_confidence": 82.102,
    "architecture_tenure": "Extended",
    "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": 13.53,
        "rotation_up": 64.51,
        "upward_expansion": 85.77,
        "deceleration": 51.01,
        "rotation_down": 22.67,
        "downward_expansion": 7.77
      },
      "activity_lines": [
        25.69065,
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        25.116802,
        24.53947
      ],
      "activity_state": "Moderate",
      "activity_direction": "Stable",
      "rotation_direction": "Weakening",
      "price_acceptance": 1.0
    },
    "latest_close": 26.12,
    "trend_reference": 23.845322,
    "distance_from_trend": 0.095393,
    "trend_direction": "Improving",
    "fair_value": 18.454158,
    "distance_from_fair_value": 0.415399,
    "fair_value_direction": "Improving",
    "relative_strength": 2.183971,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.152989,
    "excess_performance": 0.027364,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.095393,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.047498,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.415399,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.00223,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.02184,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.001914,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.152989,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.052041,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1725373,
      "relative_activity": 1.22199,
      "balance": 1.052041,
      "dry_up": 1.146351,
      "accumulation_observations": 2,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.030922,
      "annualized_volatility": 0.151604,
      "from_high_reference": -0.004971,
      "from_low_reference": 0.297459
    },
    "levels": {
      "trend_reference": 23.845322,
      "fair_value_reference": 18.454158,
      "structural_low": 20.506429,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 45,
        "median_return": 0.01533,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.002014,
        "regime_survival": 0.866667,
        "best_return": 0.096509,
        "worst_return": -0.101546,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 15,
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        "positive_rate": 0.8,
        "directional_follow_through": 0.8,
        "median_excess_return": 0.009548,
        "regime_survival": 0.733333,
        "best_return": 0.175932,
        "worst_return": -0.070136,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 8,
        "median_return": 0.117363,
        "positive_rate": 0.875,
        "directional_follow_through": 0.875,
        "median_excess_return": 0.020928,
        "regime_survival": 0.75,
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        "worst_return": -0.166259,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
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        "median_excess_return": 0.037089,
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        "worst_return": -0.085783,
        "sufficient": false
      }
    ],
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        "regime": "upward_expansion",
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      {
        "regime": "deceleration",
        "label": "Deceleration",
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      {
        "regime": "balance",
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      },
      {
        "date": "2026-07-24",
        "close": 25.379613,
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        "trend": 23.623604,
        "fair_value": 18.285812,
        "relative_strength": 4.088138,
        "stage": 2,
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        "energy": 55.61616,
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      },
      {
        "date": "2026-07-31",
        "close": 25.52,
        "volume": 1664248,
        "typical_volume": 1392451.4,
        "trend": 23.729269,
        "fair_value": 18.368085,
        "relative_strength": 3.42338,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.789313,
        "energy": 50.659565,
        "activity_lines": [
          25.455175,
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          24.94457,
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      },
      {
        "date": "2026-08-07",
        "close": 26.12,
        "volume": 1725373,
        "typical_volume": 1411936.9,
        "trend": 23.845322,
        "fair_value": 18.454158,
        "relative_strength": 2.183971,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 76.037838,
        "energy": 55.731864,
        "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."
    }
  }
}