{ "ticker": { "uuid": "95ba9502-19f5-4885-b7f0-70a06b6c42ee", "symbol": "MIY", "name": "BlackRock MuniYield Michigan Quality 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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 55.064, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 50.298, "architecture_energy": 29.197, "architecture_maturity": 15.505, "architecture_confidence": 62.37, "architecture_tenure": "Developing", "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": 29.33, "rotation_up": 44.49, "upward_expansion": 73.8, "deceleration": 61.2, "rotation_down": 21.13, "downward_expansion": 2.8 }, "activity_lines": [ 12.220412, 12.207924, 12.117644, 12.069767 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 12.19, "trend_reference": 12.022689, "distance_from_trend": 0.013916, "trend_direction": "Improving", "fair_value": 10.660431, "distance_from_fair_value": 0.143481, "fair_value_direction": "Improving", "relative_strength": -6.49539, "relative_strength_direction": "Weakening", "price_momentum": 0.029356, "excess_performance": -0.096269, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.013916, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.025028, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.143481, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.009313, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.064954, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.002652, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.029356, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.517754, "read": "Demand-led" } ], "volume": { "latest": 272461, "relative_activity": 0.92133, "balance": 1.517754, "dry_up": 1.040176, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.02411, "annualized_volatility": 0.12006, "from_high_reference": -0.037877, "from_low_reference": 0.163196 }, "levels": { "trend_reference": 12.022689, "fair_value_reference": 10.660431, "structural_low": 11.147673, 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"relative_strength": -2.039147, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.323288, "energy": 48.762435, "activity_lines": [ 12.235633, 12.172031, 12.056763, 12.024526 ] }, { "date": "2026-07-24", "close": 12.23, "volume": 401314, "typical_volume": 292800.15, "trend": 11.974877, "fair_value": 10.62398, "relative_strength": -2.05395, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.166147, "energy": 44.536122, "activity_lines": [ 12.247207, 12.194002, 12.078634, 12.043126 ] }, { "date": "2026-07-31", "close": 12.2, "volume": 333603, "typical_volume": 297522.85, "trend": 12.002195, "fair_value": 10.642155, "relative_strength": -3.274233, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.125256, "energy": 37.97193, "activity_lines": [ 12.237252, 12.20409, 12.098807, 12.05765 ] }, { "date": "2026-08-07", "close": 12.19, "volume": 272461, "typical_volume": 295725.9, "trend": 12.022689, "fair_value": 10.660431, "relative_strength": -6.49539, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.298378, "energy": 29.197384, "activity_lines": [ 12.220412, 12.207924, 12.117644, 12.069767 ] } ], "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." } } }