{
  "ticker": {
    "uuid": "905dd15d-8aa5-41ad-bd22-2f3fe2800c8a",
    "symbol": "RPAR",
    "name": "TIDAL ETF TRUST RPAR RISK PARITY 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": "3b",
    "phase_label": "Stage 3B \u00b7 Distribution",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 78.499,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -57.201,
    "architecture_energy": 47.845,
    "architecture_maturity": 8.739,
    "architecture_confidence": 91.513,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 26.8,
        "rotation_up": 14.53,
        "upward_expansion": 8.67,
        "deceleration": 42.25,
        "rotation_down": 62.01,
        "downward_expansion": 84.34
      },
      "activity_lines": [
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        22.32899
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.833333
    },
    "latest_close": 22.25,
    "trend_reference": 22.457565,
    "distance_from_trend": -0.009243,
    "trend_direction": "Improving",
    "fair_value": 19.559985,
    "distance_from_fair_value": 0.137526,
    "fair_value_direction": "Weakening",
    "relative_strength": -9.440113,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.020683,
    "excess_performance": -0.146308,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.009243,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.009968,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.137526,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.048614,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.094401,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.049712,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.020683,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.58654,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 212502,
      "relative_activity": 1.846872,
      "balance": 0.58654,
      "dry_up": 0.93591,
      "accumulation_observations": 2,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.022294,
      "annualized_volatility": 0.115571,
      "from_high_reference": -0.060158,
      "from_low_reference": 0.131815
    },
    "levels": {
      "trend_reference": 22.457565,
      "fair_value_reference": 19.559985,
      "structural_low": 21.6574,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 17,
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        "positive_rate": 0.470588,
        "directional_follow_through": 0.529412,
        "median_excess_return": -0.001863,
        "regime_survival": 0.823529,
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        "worst_return": -0.103266,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "horizon": "Extended",
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      {
        "horizon": "Full cycle",
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        "date": "2026-04-17",
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        "stage": 2,
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        "modifier": "Recompressing",
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      },
      {
        "date": "2026-04-24",
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      },
      {
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      },
      {
        "date": "2026-05-08",
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        "date": "2026-05-15",
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      },
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        "date": "2026-05-22",
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        "typical_volume": 156982.55,
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      },
      {
        "date": "2026-05-29",
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 145479.75,
        "trend": 22.26976,
        "fair_value": 19.312861,
        "relative_strength": -5.840328,
        "stage": 3,
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 137869.45,
        "trend": 22.306766,
        "fair_value": 19.341117,
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        "regime": "deceleration",
        "modifier": "Recompressing",
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      },
      {
        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "relative_strength": -4.859667,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": -4.820217,
        "energy": 9.23225,
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      },
      {
        "date": "2026-07-03",
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        "volume": 417449,
        "typical_volume": 131394.65,
        "trend": 22.404767,
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        "relative_strength": -7.060821,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 131496.0,
        "trend": 22.426176,
        "fair_value": 19.454402,
        "relative_strength": -8.687357,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -31.883024,
        "energy": 37.483233,
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          22.203618,
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      },
      {
        "date": "2026-07-17",
        "close": 21.8772,
        "volume": 61152,
        "typical_volume": 115455.35,
        "trend": 22.44176,
        "fair_value": 19.478263,
        "relative_strength": -7.802932,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.346949,
        "energy": 60.670892,
        "activity_lines": [
          22.06781,
          22.211201,
          22.345141,
          22.429155
        ]
      },
      {
        "date": "2026-07-24",
        "close": 21.813,
        "volume": 95083,
        "typical_volume": 115691.85,
        "trend": 22.444754,
        "fair_value": 19.50246,
        "relative_strength": -7.422329,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.777266,
        "energy": 63.953165,
        "activity_lines": [
          21.948928,
          22.12479,
          22.290236,
          22.38859
        ]
      },
      {
        "date": "2026-07-31",
        "close": 21.7192,
        "volume": 62008,
        "typical_volume": 109412.1,
        "trend": 22.448242,
        "fair_value": 19.528744,
        "relative_strength": -8.654224,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -69.583867,
        "energy": 69.178865,
        "activity_lines": [
          21.847313,
          22.030001,
          22.231024,
          22.34178
        ]
      },
      {
        "date": "2026-08-07",
        "close": 22.25,
        "volume": 212502,
        "typical_volume": 115060.5,
        "trend": 22.457565,
        "fair_value": 19.559985,
        "relative_strength": -9.440113,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.201195,
        "energy": 47.844635,
        "activity_lines": [
          21.957013,
          22.043521,
          22.225679,
          22.32899
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      }
    ],
    "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."
    }
  }
}