{ "ticker": { "uuid": "88666ed3-aef1-4602-ad0c-41805b5f929c", "symbol": "ICF", "name": "ISHARES COHEN & STEERS REIT ETF", "exchange": "CBOE", "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": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 75.04, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 55.599, "architecture_energy": 40.502, "architecture_maturity": 45.467, "architecture_confidence": 60.662, "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": 20.22, "rotation_up": 49.17, "upward_expansion": 75.92, "deceleration": 64.54, "rotation_down": 22.44, "downward_expansion": 4.92 }, "activity_lines": [ 69.227, 69.010737, 68.303764, 67.26004 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 68.765, "trend_reference": 65.796721, "distance_from_trend": 0.045113, "trend_direction": "Improving", "fair_value": 58.371439, "distance_from_fair_value": 0.178059, "fair_value_direction": "Weakening", "relative_strength": -2.916733, "relative_strength_direction": "Weakening", "price_momentum": 0.111564, "excess_performance": -0.014061, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.045113, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.049964, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.178059, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.007645, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.029167, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.011145, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.111564, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.863129, "read": "Supply-led" } ], "volume": { "latest": 1064727, "relative_activity": 1.542394, "balance": 0.863129, "dry_up": 1.105278, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.031681, "annualized_volatility": 0.171686, "from_high_reference": -0.031615, "from_low_reference": 0.192072 }, "levels": { "trend_reference": 65.796721, "fair_value_reference": 58.371439, "structural_low": 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48.215642, "activity_lines": [ 68.820667, 68.499769, 67.507412, 66.441457 ] }, { "date": "2026-07-24", "close": 70.4, "volume": 652814, "typical_volume": 675321.0, "trend": 65.159395, "fair_value": 58.138142, "relative_strength": 3.868201, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.438326, "energy": 51.253325, "activity_lines": [ 69.446667, 68.919542, 67.898852, 66.803282 ] }, { "date": "2026-07-31", "close": 68.96, "volume": 730650, "typical_volume": 677800.85, "trend": 65.485852, "fair_value": 58.256859, "relative_strength": 0.700774, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.297656, "energy": 43.501932, "activity_lines": [ 69.358, 68.992031, 68.123737, 67.048482 ] }, { "date": "2026-08-07", "close": 68.765, "volume": 1064727, "typical_volume": 690308.05, "trend": 65.796721, "fair_value": 58.371439, "relative_strength": -2.916733, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.59852, "energy": 40.502384, "activity_lines": [ 69.227, 69.010737, 68.303764, 67.26004 ] } ], "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." } } }