{ "ticker": { "uuid": "a4176234-698b-4a2c-a0f7-1bd6e26a478c", "symbol": "NAN", "name": "Nuveen New York Quality Municipal Income Fund", "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": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 88.887, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 17.467, "architecture_energy": 22.512, "architecture_maturity": 85.154, "architecture_confidence": 71.713, "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": 42.08, "rotation_up": 21.86, "upward_expansion": 51.71, "deceleration": 88.23, "rotation_down": 45.39, "downward_expansion": 29.04 }, "activity_lines": [ 11.308171, 11.403998, 11.395821, 11.346594 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.166667 }, "latest_close": 11.3, "trend_reference": 11.27833, "distance_from_trend": 0.001921, "trend_direction": "Improving", "fair_value": 10.123109, "distance_from_fair_value": 0.116258, "fair_value_direction": "Weakening", "relative_strength": -9.141284, "relative_strength_direction": "Weakening", "price_momentum": 0.014453, "excess_performance": -0.111172, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.001921, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.014518, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.116258, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.033882, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.091413, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.024943, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.014453, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.450991, "read": "Supply-led" } ], "volume": { "latest": 462328, "relative_activity": 1.36744, "balance": 0.450991, "dry_up": 1.062919, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.018186, "annualized_volatility": 0.094558, "from_high_reference": -0.036798, "from_low_reference": 0.114614 }, "levels": { "trend_reference": 11.27833, "fair_value_reference": 10.123109, "structural_low": 10.749079, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 28, "median_return": -0.001796, "positive_rate": 0.464286, "directional_follow_through": 0.464286, "median_excess_return": -0.003378, "regime_survival": 0.678571, "best_return": 0.050365, "worst_return": -0.049986, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": 0.00846, "positive_rate": 0.545455, "directional_follow_through": 0.545455, "median_excess_return": -0.026296, "regime_survival": 0.545455, "best_return": 0.086533, "worst_return": -0.025338, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.013328, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.099211, "regime_survival": 0.333333, "best_return": 0.065766, "worst_return": -0.130819, 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11.472721, 11.370561, 11.302362 ] }, { "date": "2026-07-10", "close": 11.582567, "volume": 301718, "typical_volume": 337215.95, "trend": 11.216297, "fair_value": 10.057504, "relative_strength": -5.302924, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.726735, "energy": 73.584432, "activity_lines": [ 11.578742, 11.500738, 11.397177, 11.327309 ] }, { "date": "2026-07-17", "close": 11.57, "volume": 189303, "typical_volume": 333115.85, "trend": 11.2407, "fair_value": 10.074889, "relative_strength": -3.781065, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.146694, "energy": 68.420247, "activity_lines": [ 11.589646, 11.523509, 11.421187, 11.350129 ] }, { "date": "2026-07-24", "close": 11.24, "volume": 261647, "typical_volume": 319843.9, "trend": 11.257315, "fair_value": 10.09037, "relative_strength": -5.847605, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 30.425773, "energy": 26.149051, "activity_lines": [ 11.476295, 11.48301, 11.412652, 11.350084 ] }, { "date": "2026-07-31", "close": 11.17, "volume": 524203, "typical_volume": 326829.15, "trend": 11.26678, "fair_value": 10.106191, "relative_strength": -7.238991, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 9.165567, "energy": 13.282938, "activity_lines": [ 11.359134, 11.431471, 11.397949, 11.34445 ] }, { "date": "2026-08-07", "close": 11.3, "volume": 462328, "typical_volume": 338097.5, "trend": 11.27833, "fair_value": 10.123109, "relative_strength": -9.141284, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 17.467378, "energy": 22.511816, "activity_lines": [ 11.308171, 11.403998, 11.395821, 11.346594 ] } ], "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." } } }