{
  "ticker": {
    "uuid": "899f8c96-41af-4f1a-a118-394f168a38b7",
    "symbol": "RWLC",
    "name": "RAYLIANT NXTGEN MULTIFACTOR US EQUITY 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": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 70.813,
    "architecture_energy": 49.122,
    "architecture_maturity": 50.22,
    "architecture_confidence": 83.569,
    "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": 12.22,
        "rotation_up": 58.17,
        "upward_expansion": 82.15,
        "deceleration": 60.05,
        "rotation_down": 22.99,
        "downward_expansion": 6.48
      },
      "activity_lines": [
        37.886,
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        36.082691
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.833333
    },
    "latest_close": 38.565,
    "trend_reference": 35.033683,
    "distance_from_trend": 0.100798,
    "trend_direction": "Improving",
    "fair_value": 28.421078,
    "distance_from_fair_value": 0.356915,
    "fair_value_direction": "Improving",
    "relative_strength": 1.05577,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.14828,
    "excess_performance": 0.022656,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.100798,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.043847,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.356915,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.020198,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.010558,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.024425,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.14828,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.406716,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 33578,
      "relative_activity": 0.873677,
      "balance": 1.406716,
      "dry_up": 1.144422,
      "accumulation_observations": 1,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.039333,
      "annualized_volatility": 0.126863,
      "from_high_reference": -0.017452,
      "from_low_reference": 0.322692
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    "levels": {
      "trend_reference": 35.033683,
      "fair_value_reference": 28.421078,
      "structural_low": 31.1,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 32,
        "median_return": 0.014069,
        "positive_rate": 0.65625,
        "directional_follow_through": 0.65625,
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        "regime_survival": 0.8125,
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        "worst_return": -0.107172,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "worst_return": -0.022678,
        "sufficient": true
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        "horizon": "Extended",
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        "sufficient": true
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        "horizon": "Full cycle",
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      },
      {
        "date": "2026-04-24",
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        "typical_volume": 54306.75,
        "trend": 32.967811,
        "fair_value": 26.78642,
        "relative_strength": -2.480638,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
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        "energy": 43.630606,
        "activity_lines": [
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      },
      {
        "date": "2026-05-01",
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        "typical_volume": 55859.1,
        "trend": 33.040731,
        "fair_value": 26.88878,
        "relative_strength": -1.180416,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "energy": 72.444565,
        "activity_lines": [
          34.509667,
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        ]
      },
      {
        "date": "2026-05-08",
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        "typical_volume": 55066.05,
        "trend": 33.153248,
        "fair_value": 26.996421,
        "relative_strength": -1.386709,
        "stage": 3,
        "regime": "upward_expansion",
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        "direction": 83.824814,
        "energy": 87.782932,
        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 58641.95,
        "trend": 33.287462,
        "fair_value": 27.104862,
        "relative_strength": -0.283017,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 82.457269,
        "energy": 88.770243,
        "activity_lines": [
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          33.873545,
          33.60834
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 58915.5,
        "trend": 33.413647,
        "fair_value": 27.215988,
        "relative_strength": -0.381788,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 77.907489,
        "energy": 86.597716,
        "activity_lines": [
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          33.833665
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 56913.2,
        "trend": 33.562079,
        "fair_value": 27.329078,
        "relative_strength": -0.248284,
        "stage": 2,
        "regime": "upward_expansion",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
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        "volume": 28435,
        "typical_volume": 55897.5,
        "trend": 33.699545,
        "fair_value": 27.437415,
        "relative_strength": 0.75794,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.790209,
        "energy": 75.090007,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
        "close": 36.5551,
        "volume": 49024,
        "typical_volume": 55645.7,
        "trend": 33.8194,
        "fair_value": 27.541912,
        "relative_strength": -0.177749,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.233544,
        "energy": 58.28636,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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        "trend": 34.009953,
        "fair_value": 27.653674,
        "relative_strength": 0.689887,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "energy": 58.678308,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
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        "volume": 26928,
        "typical_volume": 55815.2,
        "trend": 34.144589,
        "fair_value": 27.759224,
        "relative_strength": 1.941303,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.526073,
        "energy": 51.268483,
        "activity_lines": [
          36.861687,
          36.714647,
          35.533146,
          34.868212
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      },
      {
        "date": "2026-07-03",
        "close": 37.07,
        "volume": 28393,
        "typical_volume": 55585.5,
        "trend": 34.293555,
        "fair_value": 27.869192,
        "relative_strength": 0.701194,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.923035,
        "energy": 47.79895,
        "activity_lines": [
          36.91568,
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          35.769502,
          35.056948
        ]
      },
      {
        "date": "2026-07-10",
        "close": 37.72,
        "volume": 37867,
        "typical_volume": 56762.35,
        "trend": 34.445828,
        "fair_value": 27.97979,
        "relative_strength": 1.119761,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.35524,
        "energy": 50.983317,
        "activity_lines": [
          37.20334,
          37.034222,
          36.048653,
          35.278009
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      },
      {
        "date": "2026-07-17",
        "close": 37.49,
        "volume": 61103,
        "typical_volume": 57941.55,
        "trend": 34.574914,
        "fair_value": 28.087168,
        "relative_strength": 2.099038,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.122927,
        "energy": 46.876459,
        "activity_lines": [
          37.348,
          37.146282,
          36.284614,
          35.474407
        ]
      },
      {
        "date": "2026-07-24",
        "close": 37.275,
        "volume": 48342,
        "typical_volume": 43483.4,
        "trend": 34.707837,
        "fair_value": 28.193713,
        "relative_strength": 2.140689,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 58.908504,
        "energy": 44.463083,
        "activity_lines": [
          37.358667,
          37.193735,
          36.481242,
          35.648606
        ]
      },
      {
        "date": "2026-07-31",
        "close": 37.735,
        "volume": 32911,
        "typical_volume": 39820.65,
        "trend": 34.86385,
        "fair_value": 28.305008,
        "relative_strength": 2.307789,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.720629,
        "energy": 46.255553,
        "activity_lines": [
          37.517,
          37.31146,
          36.700567,
          35.843907
        ]
      },
      {
        "date": "2026-08-07",
        "close": 38.565,
        "volume": 33578,
        "typical_volume": 38432.95,
        "trend": 35.033683,
        "fair_value": 28.421078,
        "relative_strength": 1.05577,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.813356,
        "energy": 49.121851,
        "activity_lines": [
          37.886,
          37.562731,
          36.973535,
          36.082691
        ]
      }
    ],
    "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."
    }
  }
}