{ "ticker": { "uuid": "81ae126a-77d3-4d63-88b3-d76a71b5d48b", "symbol": "EHI", "name": "Western Asset Global High Income 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": 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": 68.773, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -54.345, "architecture_energy": 44.437, "architecture_maturity": 19.292, "architecture_confidence": 94.285, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 20.55, "rotation_up": 16.23, "upward_expansion": 7.81, "deceleration": 42.91, "rotation_down": 56.31, "downward_expansion": 81.14 }, "activity_lines": [ 5.819857, 5.839029, 5.867231, 5.897207 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 5.86, "trend_reference": 5.956163, "distance_from_trend": -0.016145, "trend_direction": "Weakening", "fair_value": 5.587683, "distance_from_fair_value": 0.048735, "fair_value_direction": "Weakening", "relative_strength": -12.358809, "relative_strength_direction": "Weakening", "price_momentum": -0.057839, "excess_performance": -0.183464, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.016145, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.005355, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.048735, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.034633, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.123588, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.020054, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.057839, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.662739, "read": "Supply-led" } ], "volume": { "latest": 466959, "relative_activity": 1.057128, "balance": 0.662739, "dry_up": 0.938927, "accumulation_observations": 3, "distribution_observations": 4 }, "risk": { "range_context": 0.01937, "annualized_volatility": 0.109342, "from_high_reference": -0.063593, "from_low_reference": 0.034042 }, "levels": { "trend_reference": 5.956163, "fair_value_reference": 5.587683, "structural_low": 5.667081, "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": -0.003766, "positive_rate": 0.375, "directional_follow_through": 0.625, "median_excess_return": -0.00508, "regime_survival": 0.8125, "best_return": 0.116099, "worst_return": -0.075615, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": -0.017264, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": 0.008594, "regime_survival": 0.4, "best_return": 0.15046, "worst_return": -0.146862, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.027452, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.027822, "regime_survival": 0.333333, "best_return": 0.14042, "worst_return": -0.194269, "sufficient": false }, { "horizon": "Full cycle", 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"downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.292746, "energy": 37.049099, "activity_lines": [ 5.863744, 5.871903, 5.891499, 5.929073 ] }, { "date": "2026-07-24", "close": 5.79, "volume": 371667, "typical_volume": 420911.65, "trend": 5.971427, "fair_value": 5.578136, "relative_strength": -10.118713, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.627868, "energy": 44.432673, "activity_lines": [ 5.838085, 5.856777, 5.880802, 5.916812 ] }, { "date": "2026-07-31", "close": 5.77, "volume": 531572, "typical_volume": 429851.5, "trend": 5.962452, "fair_value": 5.583229, "relative_strength": -11.030456, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.77209, "energy": 57.139294, "activity_lines": [ 5.811658, 5.838763, 5.869326, 5.903817 ] }, { "date": "2026-08-07", "close": 5.86, "volume": 466959, "typical_volume": 441724.05, "trend": 5.956163, "fair_value": 5.587683, "relative_strength": -12.358809, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.344805, "energy": 44.437393, "activity_lines": [ 5.819857, 5.839029, 5.867231, 5.897207 ] } ], "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." } } }