{
  "ticker": {
    "uuid": "83e077b6-3d76-40bb-a2c4-0bf9d53d2abf",
    "symbol": "VNQ",
    "name": "Vanguard Real Estate Index Fund ETF Shares",
    "exchange": "MEX",
    "country": "MX",
    "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": "^MXX",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 82.987,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 63.752,
    "architecture_energy": 59.063,
    "architecture_maturity": 28.558,
    "architecture_confidence": 71.888,
    "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": 7.66,
        "rotation_up": 68.37,
        "upward_expansion": 85.94,
        "deceleration": 49.5,
        "rotation_down": 15.2,
        "downward_expansion": 10.27
      },
      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 1699.98999,
    "trend_reference": 1647.3085,
    "distance_from_trend": 0.03198,
    "trend_direction": "Improving",
    "fair_value": 1618.060207,
    "distance_from_fair_value": 0.050635,
    "fair_value_direction": "Improving",
    "relative_strength": 1.007448,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.092227,
    "excess_performance": 0.146894,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.03198,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.021361,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.050635,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.013005,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.010074,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.104464,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.092227,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.496155,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 593,
      "relative_activity": 1.520903,
      "balance": 0.496155,
      "dry_up": 1.15286,
      "accumulation_observations": 1,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.024884,
      "annualized_volatility": 0.150156,
      "from_high_reference": -0.047619,
      "from_low_reference": 0.117416
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    "levels": {
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      "fair_value_reference": 1618.060207,
      "structural_low": 1545.540149,
      "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": 16,
        "median_return": 0.007274,
        "positive_rate": 0.5625,
        "directional_follow_through": 0.5625,
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        "sufficient": true
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      },
      {
        "date": "2026-07-17",
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      },
      {
        "date": "2026-07-24",
        "close": 1748.709961,
        "volume": 633,
        "typical_volume": 408.7,
        "trend": 1637.21626,
        "fair_value": 1613.980441,
        "relative_strength": 4.327191,
        "stage": 2,
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        "modifier": "Established expansion",
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        "energy": 81.476065,
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      },
      {
        "date": "2026-07-31",
        "close": 1764.98999,
        "volume": 205,
        "typical_volume": 381.25,
        "trend": 1643.74331,
        "fair_value": 1616.184496,
        "relative_strength": 4.644935,
        "stage": 2,
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        "modifier": "Established expansion",
        "gate": "up",
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        "energy": 84.263151,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 1699.98999,
        "volume": 593,
        "typical_volume": 389.9,
        "trend": 1647.3085,
        "fair_value": 1618.060207,
        "relative_strength": 1.007448,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.752423,
        "energy": 59.062541,
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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."
    }
  }
}