{
  "ticker": {
    "uuid": "8e4b39e7-cf53-40fe-b20c-8af81a328771",
    "symbol": "IIF",
    "name": "Morgan Stanley India Investment Fund Inc",
    "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": 4,
    "stage_name": "Declining",
    "phase": "4c",
    "phase_label": "Stage 4C \u00b7 Repair watch",
    "transition": "stage_4_to_1_watch",
    "transition_label": "Stage 4 \u2192 1 repair watch",
    "confidence": 76.77,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Value reclamation",
    "architecture_gate": "mixed",
    "architecture_direction": 38.466,
    "architecture_energy": 29.202,
    "architecture_maturity": 8.902,
    "architecture_confidence": 50.813,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating upward.",
        "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair."
      },
      "scores": {
        "balance": 37.38,
        "rotation_up": 56.76,
        "upward_expansion": 51.58,
        "deceleration": 32.26,
        "rotation_down": 23.08,
        "downward_expansion": 9.91
      },
      "activity_lines": [
        22.965333,
        22.808364,
        22.448048,
        22.366903
      ],
      "activity_state": "Moderate",
      "activity_direction": "Stable",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 23.35,
    "trend_reference": 22.532667,
    "distance_from_trend": 0.036273,
    "trend_direction": "Weakening",
    "fair_value": 22.088591,
    "distance_from_fair_value": 0.057107,
    "fair_value_direction": "Improving",
    "relative_strength": -11.967094,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.040279,
    "excess_performance": -0.165904,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.036273,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.034371,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.057107,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.013856,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.119671,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.061952,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.040279,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.542889,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 165305,
      "relative_activity": 0.980278,
      "balance": 2.542889,
      "dry_up": 0.975833,
      "accumulation_observations": 4,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.039476,
      "annualized_volatility": 0.231279,
      "from_high_reference": -0.101578,
      "from_low_reference": 0.177509
    },
    "levels": {
      "trend_reference": 22.532667,
      "fair_value_reference": 22.088591,
      "structural_low": 19.83,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 5,
        "median_return": 0.035072,
        "positive_rate": 0.8,
        "directional_follow_through": 0.8,
        "median_excess_return": 0.004897,
        "regime_survival": 0.4,
        "best_return": 0.066562,
        "worst_return": -0.0751,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": 0.04581,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.021767,
        "regime_survival": 0.0,
        "best_return": 0.080077,
        "worst_return": -0.033078,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.04816,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.00024,
        "regime_survival": 0.0,
        "best_return": 0.107091,
        "worst_return": -0.026512,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.000782,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.185768,
        "regime_survival": 0.0,
        "best_return": 0.053329,
        "worst_return": -0.051766,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-04-05",
        "end": "2024-04-19",
        "tenure": "New",
        "return": -0.01943,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-04-26",
        "end": "2024-10-25",
        "tenure": "Extended",
        "return": 0.16994,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-11-01",
        "end": "2024-12-13",
        "tenure": "Developing",
        "return": 0.04953,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-12-20",
        "end": "2025-01-03",
        "tenure": "New",
        "return": -0.001949,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-01-10",
        "end": "2025-01-17",
        "tenure": "New",
        "return": -0.012826,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-01-24",
        "end": "2025-02-14",
        "tenure": "New",
        "return": -0.022699,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-02-21",
        "end": "2025-05-02",
        "tenure": "Developing",
        "return": 0.130805,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-05-09",
        "end": "2025-05-30",
        "tenure": "New",
        "return": 0.048551,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-06-06",
        "end": "2025-08-01",
        "tenure": "Developing",
        "return": 0.002203,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-08-08",
        "end": "2025-11-07",
        "tenure": "Established",
        "return": 0.002246,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-11-14",
        "end": "2026-01-23",
        "tenure": "Developing",
        "return": -0.061501,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-01-30",
        "end": "2026-06-19",
        "tenure": "Established",
        "return": -0.048291,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-06-26",
        "end": "2026-07-17",
        "tenure": "New",
        "return": 0.014971,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-07-24",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.047555,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 16.076633,
        "volume": 85854,
        "typical_volume": 145035.35,
        "trend": 15.104694,
        "fair_value": 14.519054,
        "relative_strength": -1.439023,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "direction": 64.354337,
        "energy": 61.696815,
        "activity_lines": [
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      },
      {
        "date": "2023-08-25",
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      },
      {
        "date": "2023-09-01",
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      },
      {
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      },
      {
        "date": "2023-09-15",
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      },
      {
        "date": "2023-09-22",
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      },
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      },
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      },
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      {
        "date": "2026-04-24",
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      },
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      },
      {
        "date": "2026-07-17",
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        "volume": 191479,
        "typical_volume": 192202.95,
        "trend": 22.742333,
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        "relative_strength": -11.083277,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 24.236682,
        "energy": 42.339864,
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          22.898667,
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          22.194571,
          22.326538
        ]
      },
      {
        "date": "2026-07-24",
        "close": 22.29,
        "volume": 115845,
        "typical_volume": 179531.9,
        "trend": 22.647667,
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        "relative_strength": -13.014853,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 17.405297,
        "energy": 31.251398,
        "activity_lines": [
          22.736,
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          22.225095,
          22.297355
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      },
      {
        "date": "2026-07-31",
        "close": 22.95,
        "volume": 185593,
        "typical_volume": 174152.4,
        "trend": 22.574333,
        "fair_value": 22.04272,
        "relative_strength": -10.892995,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 31.371843,
        "energy": 28.453092,
        "activity_lines": [
          22.792,
          22.635636,
          22.320905,
          22.31686
        ]
      },
      {
        "date": "2026-08-07",
        "close": 23.35,
        "volume": 165305,
        "typical_volume": 168630.8,
        "trend": 22.532667,
        "fair_value": 22.088591,
        "relative_strength": -11.967094,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 38.465683,
        "energy": 29.201524,
        "activity_lines": [
          22.965333,
          22.808364,
          22.448048,
          22.366903
        ]
      }
    ],
    "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."
    }
  }
}