{ "ticker": { "uuid": "a28071b0-2702-46b7-a335-10f223c12fcc", "symbol": "IWMI", "name": "NEOS RUSSELL 2000 HIGH INCOME ETF", "exchange": "CBOE", "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": 94.514, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 69.353, "architecture_energy": 45.651, "architecture_maturity": 74.552, "architecture_confidence": 52.764, "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": 29.49, "rotation_up": 44.81, "upward_expansion": 73.08, "deceleration": 70.66, "rotation_down": 28.16, "downward_expansion": 11.08 }, "activity_lines": [ 52.324886, 52.274579, 51.6206, 50.577324 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 53.14, "trend_reference": 49.384516, "distance_from_trend": 0.076046, "trend_direction": "Improving", "fair_value": 42.77186, "distance_from_fair_value": 0.242406, "fair_value_direction": "Improving", "relative_strength": 0.634288, "relative_strength_direction": "Weakening", "price_momentum": 0.109604, "excess_performance": -0.016021, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.076046, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.048863, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.242406, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.023367, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.006343, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.019705, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.109604, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.990153, "read": "Supply-led" } ], "volume": { "latest": 1616124, "relative_activity": 0.981251, "balance": 0.990153, "dry_up": 1.084007, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.027251, "annualized_volatility": 0.128928, "from_high_reference": -0.001672, "from_low_reference": 0.321635 }, "levels": { "trend_reference": 49.384516, "fair_value_reference": 42.77186, "structural_low": 44.036143, 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expansion", "gate": "up", "direction": 60.42509, "energy": 48.126659, "activity_lines": [ 52.169661, 52.079352, 51.157225, 50.142815 ] }, { "date": "2026-07-31", "close": 51.7583, "volume": 1574042, "typical_volume": 1688289.7, "trend": 49.183189, "fair_value": 42.677604, "relative_strength": 1.596157, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.933465, "energy": 37.164487, "activity_lines": [ 51.994534, 52.059806, 51.338563, 50.322046 ] }, { "date": "2026-08-07", "close": 53.14, "volume": 1616124, "typical_volume": 1647003.05, "trend": 49.384516, "fair_value": 42.77186, "relative_strength": 0.634288, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.353278, "energy": 45.65089, "activity_lines": [ 52.324886, 52.274579, 51.6206, 50.577324 ] } ], "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." } } }