{ "ticker": { "uuid": "84ab6608-5427-4737-b6ff-33f4bc782f3c", "symbol": "EOS", "name": "Eaton Vance Enhanced Equity Income Fund II", "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": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 96.0, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "up", "architecture_direction": 21.829, "architecture_energy": 13.447, "architecture_maturity": 20.193, "architecture_confidence": 73.24, "architecture_tenure": "Developing", "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": 50.05, "rotation_up": 29.26, "upward_expansion": 48.86, "deceleration": 75.97, "rotation_down": 29.7, "downward_expansion": 26.86 }, "activity_lines": [ 21.661267, 21.692589, 21.824482, 21.657228 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 22.05, "trend_reference": 21.524305, "distance_from_trend": 0.024423, "trend_direction": "Weakening", "fair_value": 19.392113, "distance_from_fair_value": 0.13706, "fair_value_direction": "Weakening", "relative_strength": -9.96507, "relative_strength_direction": "Weakening", "price_momentum": 0.029595, "excess_performance": -0.09603, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.024423, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.001972, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.13706, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.063385, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.099651, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.015666, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.029595, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.758228, "read": "Supply-led" } ], "volume": { "latest": 828026, "relative_activity": 1.292041, "balance": 0.758228, "dry_up": 1.099902, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.034748, "annualized_volatility": 0.180952, "from_high_reference": -0.040966, "from_low_reference": 0.157741 }, "levels": { "trend_reference": 21.524305, "fair_value_reference": 19.392113, "structural_low": 19.045714, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 14, "median_return": -0.006503, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.012758, "regime_survival": 0.428571, "best_return": 0.056725, "worst_return": -0.093001, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.013383, "positive_rate": 0.571429, "directional_follow_through": 0.571429, "median_excess_return": -0.022223, "regime_survival": 0.142857, "best_return": 0.088964, "worst_return": -0.147277, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.033635, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.048193, "regime_survival": 0.2, "best_return": 0.071656, "worst_return": 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"Upper balance after advance", "gate": "up", "direction": 27.878116, "energy": 16.652882, "activity_lines": [ 21.805678, 21.886209, 21.817979, 21.659323 ] }, { "date": "2026-07-24", "close": 21.35, "volume": 637611, "typical_volume": 613089.5, "trend": 21.566354, "fair_value": 19.297018, "relative_strength": -9.565549, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.957306, "energy": 5.657914, "activity_lines": [ 21.662782, 21.766753, 21.802089, 21.643073 ] }, { "date": "2026-07-31", "close": 21.27, "volume": 962134, "typical_volume": 629464.6, "trend": 21.534249, "fair_value": 19.34204, "relative_strength": -10.482237, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.269266, "energy": 13.402944, "activity_lines": [ 21.532541, 21.648163, 21.777522, 21.623953 ] }, { "date": "2026-08-07", "close": 22.05, "volume": 828026, "typical_volume": 640866.55, "trend": 21.524305, "fair_value": 19.392113, "relative_strength": -9.96507, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.828502, "energy": 13.446862, "activity_lines": [ 21.661267, 21.692589, 21.824482, 21.657228 ] } ], "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." } } }