{
  "ticker": {
    "uuid": "8097a49a-71d3-48af-8021-0e4f19e1831f",
    "symbol": "MQY",
    "name": "BlackRock MuniYield Quality Fund Inc",
    "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": "3c",
    "phase_label": "Stage 3C \u00b7 Breakdown watch",
    "transition": "stage_3_to_4_watch",
    "transition_label": "Stage 3 \u2192 4 watch",
    "confidence": 88.566,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 26.907,
    "architecture_energy": 18.393,
    "architecture_maturity": 47.649,
    "architecture_confidence": 75.248,
    "architecture_tenure": "Developing",
    "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": 42.88,
        "rotation_up": 28.11,
        "upward_expansion": 57.58,
        "deceleration": 84.35,
        "rotation_down": 36.75,
        "downward_expansion": 21.25
      },
      "activity_lines": [
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.166667
    },
    "latest_close": 11.37,
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    "distance_from_trend": 0.005272,
    "trend_direction": "Improving",
    "fair_value": 10.759403,
    "distance_from_fair_value": 0.05675,
    "fair_value_direction": "Weakening",
    "relative_strength": -9.337928,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.003136,
    "excess_performance": -0.128761,
    "evidence": [
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        "label": "Price vs Trend",
        "positive": true,
        "value": 0.005272,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.011029,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.05675,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.018874,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.093379,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.022889,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.003136,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.0335,
        "read": "Demand-led"
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    ],
    "volume": {
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      "balance": 1.0335,
      "dry_up": 0.985256,
      "accumulation_observations": 2,
      "distribution_observations": 4
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    "risk": {
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      "annualized_volatility": 0.113964,
      "from_high_reference": -0.027776,
      "from_low_reference": 0.101973
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    "levels": {
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      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
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      },
      {
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        "stage": 3,
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        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 1908291.8,
        "trend": 11.300223,
        "fair_value": 10.739407,
        "relative_strength": -6.725962,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 41.611007,
        "energy": 26.203789,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 11.2,
        "volume": 1498720,
        "typical_volume": 1893304.75,
        "trend": 11.306507,
        "fair_value": 10.748995,
        "relative_strength": -7.761998,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 18.982218,
        "energy": 11.73037,
        "activity_lines": [
          11.339794,
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 11.37,
        "volume": 1826844,
        "typical_volume": 1900545.1,
        "trend": 11.310374,
        "fair_value": 10.759403,
        "relative_strength": -9.337928,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 26.907303,
        "energy": 18.392961,
        "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."
    }
  }
}