{ "ticker": { "uuid": "8e356d40-a2aa-4cfe-8568-6553961001b0", "symbol": "IYR", "name": "ISHARES TRUST US REAL ESTATE ETF USD", "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": 65.652, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 57.162, "architecture_energy": 47.048, "architecture_maturity": 35.459, "architecture_confidence": 73.32, "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": 17.57, "rotation_up": 55.67, "upward_expansion": 78.03, "deceleration": 56.86, "rotation_down": 17.86, "downward_expansion": 7.03 }, "activity_lines": [ 105.354, 104.744863, 103.415327, 102.024648 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 104.69, "trend_reference": 100.351403, "distance_from_trend": 0.043234, "trend_direction": "Improving", "fair_value": 90.634912, "distance_from_fair_value": 0.155074, "fair_value_direction": "Improving", "relative_strength": -4.526987, "relative_strength_direction": "Weakening", "price_momentum": 0.080304, "excess_performance": -0.045321, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.043234, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.03609, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.155074, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.00094, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.04527, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.000274, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.080304, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.889883, "read": "Supply-led" } ], "volume": { "latest": 28661026, "relative_activity": 1.029913, "balance": 0.889883, "dry_up": 0.952842, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.032699, "annualized_volatility": 0.163279, "from_high_reference": -0.032172, "from_low_reference": 0.144307 }, "levels": { "trend_reference": 100.351403, "fair_value_reference": 90.634912, "structural_low": 91.99484, 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"typical_volume": 29600546.6, "trend": 99.601288, "fair_value": 90.309444, "relative_strength": 1.816991, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.583806, "energy": 66.137172, "activity_lines": [ 105.465333, 104.275193, 102.690858, 101.367661 ] }, { "date": "2026-07-31", "close": 105.09, "volume": 27772272, "typical_volume": 28806414.9, "trend": 99.995416, "fair_value": 90.474468, "relative_strength": -0.952649, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.425289, "energy": 53.294452, "activity_lines": [ 105.491333, 104.572535, 103.091999, 101.721771 ] }, { "date": "2026-08-07", "close": 104.69, "volume": 28661026, "typical_volume": 27828589.3, "trend": 100.351403, "fair_value": 90.634912, "relative_strength": -4.526987, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.162096, "energy": 47.048367, "activity_lines": [ 105.354, 104.744863, 103.415327, 102.024648 ] } ], "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." } } }