{ "ticker": { "uuid": "8561082b-d219-4e7b-a31e-2e5bbc087cb3", "symbol": "MLPD", "name": "GLOBAL X MLP & ENERGY INFRASTRUCTURE COVERED CALL ETF", "exchange": "NYSEARCA", "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": "3a", "phase_label": "Stage 3A \u00b7 Churning", "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": "mixed", "architecture_direction": -27.36, "architecture_energy": 13.266, "architecture_maturity": 3.415, "architecture_confidence": 71.817, "architecture_tenure": "New", "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": 55.89, "rotation_up": 34.13, "upward_expansion": 19.07, "deceleration": 45.29, "rotation_down": 39.08, "downward_expansion": 40.07 }, "activity_lines": [ 24.710799, 24.741878, 24.770847, 24.790332 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 24.3146, "trend_reference": 24.752421, "distance_from_trend": -0.017688, "trend_direction": "Improving", "fair_value": 22.296986, "distance_from_fair_value": 0.090488, "fair_value_direction": "Weakening", "relative_strength": -10.049974, "relative_strength_direction": "Weakening", "price_momentum": -0.001718, "excess_performance": -0.127343, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.017688, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.017489, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.090488, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.036044, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.1005, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.04185, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.001718, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.057629, "read": "Demand-led" } ], "volume": { "latest": 76656, "relative_activity": 1.315745, "balance": 1.057629, "dry_up": 1.096492, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.022583, "annualized_volatility": 0.091873, "from_high_reference": -0.04358, "from_low_reference": 0.090859 }, "levels": { "trend_reference": 24.752421, "fair_value_reference": 22.296986, "structural_low": 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"activity_lines": [ 24.889551, 24.825293, 24.821102, 24.817592 ] }, { "date": "2026-08-07", "close": 24.3146, "volume": 76656, "typical_volume": 58260.55, "trend": 24.752421, "fair_value": 22.296986, "relative_strength": -10.049974, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.359732, "energy": 13.266062, "activity_lines": [ 24.710799, 24.741878, 24.770847, 24.790332 ] } ], "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." } } }