{
  "ticker": {
    "uuid": "7c2220b1-401b-444d-bbd3-0f8fa9c977c9",
    "symbol": "IQSI",
    "name": "NYLI CANDRIAM INTERNATIONAL EQUITY 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": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 92.447,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 82.011,
    "architecture_energy": 56.846,
    "architecture_maturity": 40.807,
    "architecture_confidence": 84.788,
    "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": 12.45,
        "rotation_up": 58.27,
        "upward_expansion": 81.72,
        "deceleration": 54.61,
        "rotation_down": 23.05,
        "downward_expansion": 8.39
      },
      "activity_lines": [
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        37.859799,
        37.39802
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 39.5206,
    "trend_reference": 36.940686,
    "distance_from_trend": 0.069839,
    "trend_direction": "Improving",
    "fair_value": 30.417424,
    "distance_from_fair_value": 0.299275,
    "fair_value_direction": "Improving",
    "relative_strength": -0.811882,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.069685,
    "excess_performance": -0.05594,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.069839,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.037251,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.299275,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.026267,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.008119,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.015279,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.069685,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.25943,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 12165,
      "relative_activity": 0.143105,
      "balance": 2.25943,
      "dry_up": 0.565889,
      "accumulation_observations": 2,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.021912,
      "annualized_volatility": 0.183115,
      "from_high_reference": 0.0,
      "from_low_reference": 0.228057
    },
    "levels": {
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      "fair_value_reference": 30.417424,
      "structural_low": 33.546452,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 37,
        "median_return": 0.007505,
        "positive_rate": 0.594595,
        "directional_follow_through": 0.594595,
        "median_excess_return": -0.004894,
        "regime_survival": 0.810811,
        "best_return": 0.084274,
        "worst_return": -0.073941,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 14,
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        "sufficient": true
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        "horizon": "Extended",
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        "worst_return": -0.040927,
        "sufficient": true
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        "horizon": "Full cycle",
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      },
      {
        "date": "2026-04-24",
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        "date": "2026-06-05",
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      },
      {
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 104104.8,
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        "modifier": "Re-accelerating",
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        "direction": 58.861613,
        "energy": 47.117542,
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        ]
      },
      {
        "date": "2026-07-24",
        "close": 37.6119,
        "volume": 3495,
        "typical_volume": 103052.05,
        "trend": 36.691447,
        "fair_value": 30.23754,
        "relative_strength": -1.217788,
        "stage": 2,
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        "modifier": "Re-accelerating",
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        "direction": 55.622973,
        "energy": 38.791037,
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      },
      {
        "date": "2026-07-31",
        "close": 38.3163,
        "volume": 3735,
        "typical_volume": 85860.85,
        "trend": 36.807591,
        "fair_value": 30.323502,
        "relative_strength": -0.467779,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.236545,
        "energy": 39.512008,
        "activity_lines": [
          38.038353,
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 39.5206,
        "volume": 12165,
        "typical_volume": 85007.35,
        "trend": 36.940686,
        "fair_value": 30.417424,
        "relative_strength": -0.811882,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 82.01065,
        "energy": 56.845655,
        "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."
    }
  }
}