{
  "ticker": {
    "uuid": "a5e95da6-17bf-4dd6-a33e-0f071fb6bdbd",
    "symbol": "CEFA",
    "name": "GLOBAL X S&P CATHOLIC VALUES DEVELOPED EX-U.S. ETF",
    "exchange": "NASDAQ",
    "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": "QQQ",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 86.488,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 75.178,
    "architecture_energy": 59.733,
    "architecture_maturity": 15.512,
    "architecture_confidence": 79.501,
    "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": 19.9,
        "rotation_up": 63.19,
        "upward_expansion": 84.48,
        "deceleration": 47.94,
        "rotation_down": 15.75,
        "downward_expansion": 11.15
      },
      "activity_lines": [
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 41.6411,
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    "distance_from_trend": 0.068895,
    "trend_direction": "Improving",
    "fair_value": 32.204811,
    "distance_from_fair_value": 0.293009,
    "fair_value_direction": "Improving",
    "relative_strength": -3.254548,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.054218,
    "excess_performance": -0.133235,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.068895,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.029053,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.293009,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.03308,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.032545,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.064537,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.054218,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 4.096816,
        "read": "Demand-led"
      }
    ],
    "volume": {
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      "relative_activity": 2.672687,
      "balance": 4.096816,
      "dry_up": 1.130844,
      "accumulation_observations": 4,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.032203,
      "annualized_volatility": 0.178485,
      "from_high_reference": -0.024078,
      "from_low_reference": 0.220467
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    "levels": {
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      "fair_value_reference": 32.204811,
      "structural_low": 35.7463,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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        "sample_count": 32,
        "median_return": 0.013119,
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        "directional_follow_through": 0.625,
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        "worst_return": -0.082971,
        "sufficient": true
      },
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        "horizon": "Intermediate",
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        "date": "2026-04-24",
        "close": 38.8799,
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        "typical_volume": 34447.75,
        "trend": 37.330565,
        "fair_value": 30.942658,
        "relative_strength": -4.647142,
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        "regime": "deceleration",
        "modifier": "Recompressing",
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        "activity_lines": [
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      },
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        "date": "2026-05-01",
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        "fair_value": 31.021331,
        "relative_strength": -6.536028,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-08",
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        "typical_volume": 39804.15,
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 40316.9,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
        "close": 39.471912,
        "volume": 7201,
        "typical_volume": 41072.8,
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        "fair_value": 31.353155,
        "relative_strength": -11.572233,
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        "direction": 55.382271,
        "energy": 29.265186,
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      },
      {
        "date": "2026-06-05",
        "close": 38.543437,
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        "typical_volume": 41644.65,
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        "fair_value": 31.432358,
        "relative_strength": -9.338859,
        "stage": 3,
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        "energy": 22.756852,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
        "close": 39.680801,
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        "typical_volume": 40761.1,
        "trend": 38.060959,
        "fair_value": 31.514371,
        "relative_strength": -8.539099,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
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        "direction": 55.680474,
        "energy": 28.80724,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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        "fair_value": 31.604669,
        "relative_strength": -9.791886,
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      },
      {
        "date": "2026-06-26",
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        "fair_value": 31.685262,
        "relative_strength": -7.528162,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
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        "direction": 49.684553,
        "energy": 28.177542,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
        "close": 39.7936,
        "volume": 84296,
        "typical_volume": 41118.45,
        "trend": 38.438283,
        "fair_value": 31.773493,
        "relative_strength": -6.676607,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 55.851628,
        "energy": 42.363627,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 38979.1,
        "trend": 38.548344,
        "fair_value": 31.85584,
        "relative_strength": -7.837447,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 56.397478,
        "energy": 44.410846,
        "activity_lines": [
          39.744338,
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      },
      {
        "date": "2026-07-17",
        "close": 39.6289,
        "volume": 13684,
        "typical_volume": 37326.2,
        "trend": 38.644325,
        "fair_value": 31.936443,
        "relative_strength": -4.482937,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 51.291615,
        "energy": 31.513858,
        "activity_lines": [
          39.710713,
          39.565674,
          39.162766,
          38.938199
        ]
      },
      {
        "date": "2026-07-24",
        "close": 39.578,
        "volume": 10189,
        "typical_volume": 33667.45,
        "trend": 38.725599,
        "fair_value": 32.01567,
        "relative_strength": -2.95852,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 49.682294,
        "energy": 31.503168,
        "activity_lines": [
          39.663581,
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          39.255108,
          38.998437
        ]
      },
      {
        "date": "2026-07-31",
        "close": 40.4005,
        "volume": 43423,
        "typical_volume": 34739.55,
        "trend": 38.830106,
        "fair_value": 32.10576,
        "relative_strength": -1.435876,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 58.882997,
        "energy": 36.126972,
        "activity_lines": [
          39.924147,
          39.76836,
          39.415506,
          39.106495
        ]
      },
      {
        "date": "2026-08-07",
        "close": 41.6411,
        "volume": 97186,
        "typical_volume": 36362.65,
        "trend": 38.957142,
        "fair_value": 32.204811,
        "relative_strength": -3.254548,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 75.17822,
        "energy": 59.733344,
        "activity_lines": [
          40.515533,
          40.134531,
          39.676304,
          39.287849
        ]
      }
    ],
    "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."
    }
  }
}