{
  "ticker": {
    "uuid": "9169fc69-e7b9-49e6-a906-a89adc3689a2",
    "symbol": "AVEE",
    "name": "AMERICAN CENTURY ETF TRUST AVANTIS EMERGING MARKETS SMALL CAP EQUIT",
    "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": "3c",
    "phase_label": "Stage 3C \u00b7 Breakdown watch",
    "transition": "stage_3_to_4_watch",
    "transition_label": "Stage 3 \u2192 4 watch",
    "confidence": 80.185,
    "architecture_regime": "rotation_down",
    "architecture_regime_label": "Rotation Down",
    "architecture_modifier": "Supply rotation",
    "architecture_gate": "mixed",
    "architecture_direction": -19.273,
    "architecture_energy": 38.211,
    "architecture_maturity": 4.76,
    "architecture_confidence": 63.815,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating downward.",
        "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion."
      },
      "scores": {
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        "rotation_up": 14.86,
        "upward_expansion": 20.8,
        "deceleration": 53.82,
        "rotation_down": 59.9,
        "downward_expansion": 45.8
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.5
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    "trend_direction": "Improving",
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    "fair_value_direction": "Weakening",
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    "relative_strength_direction": "Weakening",
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    "excess_performance": -0.098952,
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        "read": "Above"
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        "label": "Trend direction",
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        "read": "Rising"
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        "read": "Premium"
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        "label": "Fair Value direction",
        "positive": false,
        "value": -0.10717,
        "read": "Moving away"
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        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.069554,
        "read": "Lagging"
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      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.102654,
        "read": "Weakening"
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      {
        "label": "Price momentum",
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        "value": 0.026673,
        "read": "Positive"
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        "label": "Volume balance",
        "positive": true,
        "value": 1.063641,
        "read": "Demand-led"
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      "accumulation_observations": 2,
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      "from_low_reference": 0.136164
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      "fair_value_reference": 56.843282,
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      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
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        "horizon": "Full cycle",
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      },
      {
        "date": "2026-07-03",
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      {
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 57407.55,
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        "fair_value": 56.662758,
        "relative_strength": -6.743334,
        "stage": 2,
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        "energy": 14.963103,
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      },
      {
        "date": "2026-07-24",
        "close": 64.96,
        "volume": 68412,
        "typical_volume": 53930.05,
        "trend": 66.9386,
        "fair_value": 56.721189,
        "relative_strength": -6.971553,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -27.479772,
        "energy": 29.362607,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 63.28,
        "volume": 125206,
        "typical_volume": 56317.75,
        "trend": 66.955021,
        "fair_value": 56.767055,
        "relative_strength": -10.167276,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -36.233925,
        "energy": 50.706163,
        "activity_lines": [
          65.280287,
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      },
      {
        "date": "2026-08-07",
        "close": 67.7438,
        "volume": 73008,
        "typical_volume": 56552.8,
        "trend": 67.106338,
        "fair_value": 56.843282,
        "relative_strength": -6.955363,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -19.272527,
        "energy": 38.210921,
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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."
    }
  }
}