{ "ticker": { "uuid": "810cee1e-984b-4124-b0a7-54e7aecea55c", "symbol": "EFT", "name": "Eaton Vance Floating-Rate Income Trust", "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": 4, "stage_name": "Declining", "phase": "4c", "phase_label": "Stage 4C \u00b7 Repair watch", "transition": "stage_4_to_1_watch", "transition_label": "Stage 4 \u2192 1 repair watch", "confidence": 48.822, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "down", "architecture_direction": 2.146, "architecture_energy": 5.515, "architecture_maturity": 29.404, "architecture_confidence": 69.708, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 65.44, "rotation_up": 26.68, "upward_expansion": 31.1, "deceleration": 35.83, "rotation_down": 27.07, "downward_expansion": 44.1 }, "activity_lines": [ 10.711619, 10.686831, 10.697474, 10.684465 ], "activity_state": "Compressed", "activity_direction": "Stable", "rotation_direction": "Improving", "price_acceptance": 0.0 }, "latest_close": 10.84, "trend_reference": 10.719328, "distance_from_trend": 0.011257, "trend_direction": "Weakening", "fair_value": 10.825367, "distance_from_fair_value": 0.001352, "fair_value_direction": "Weakening", "relative_strength": -10.988864, "relative_strength_direction": "Improving", "price_momentum": -0.003699, "excess_performance": -0.129324, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.011257, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.005795, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.001352, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.017907, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.109889, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.013487, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.003699, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.501419, "read": "Supply-led" } ], "volume": { "latest": 739071, "relative_activity": 1.590677, "balance": 0.501419, "dry_up": 0.883561, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.014634, "annualized_volatility": 0.103154, "from_high_reference": -0.044362, "from_low_reference": 0.068503 }, "levels": { "trend_reference": 10.719328, "fair_value_reference": 10.825367, "structural_low": 10.145031, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 16, "median_return": -0.010031, "positive_rate": 0.4375, "directional_follow_through": 0.4375, "median_excess_return": -0.01159, "regime_survival": 0.5625, "best_return": 0.051101, "worst_return": -0.082353, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": -0.014995, "positive_rate": 0.285714, "directional_follow_through": 0.285714, "median_excess_return": -0.018193, "regime_survival": 0.428571, "best_return": 0.044442, "worst_return": -0.087681, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.013448, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": 0.008201, "regime_survival": 0.0, "best_return": 0.0523, "worst_return": -0.124667, "sufficient": false 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"fair_value": 10.794415, "relative_strength": -10.140672, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.741969, "energy": 19.08792, "activity_lines": [ 10.666188, 10.674806, 10.679653, 10.689836 ] }, { "date": "2026-07-24", "close": 10.65, "volume": 400074, "typical_volume": 487103.3, "trend": 10.733846, "fair_value": 10.805414, "relative_strength": -9.373919, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.183328, "energy": 17.04218, "activity_lines": [ 10.664359, 10.665438, 10.680946, 10.683861 ] }, { "date": "2026-07-31", "close": 10.63, "volume": 253999, "typical_volume": 464733.95, "trend": 10.726794, "fair_value": 10.814935, "relative_strength": -10.064625, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.033898, "energy": 18.096, "activity_lines": [ 10.653503, 10.655386, 10.679646, 10.677161 ] }, { "date": "2026-08-07", "close": 10.84, "volume": 739071, "typical_volume": 464626.6, "trend": 10.719328, "fair_value": 10.825367, "relative_strength": -10.988864, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.146084, "energy": 5.515055, "activity_lines": [ 10.711619, 10.686831, 10.697474, 10.684465 ] } ], "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." } } }