{
  "ticker": {
    "uuid": "aed9d8da-b619-45dd-b62f-d12a99852aae",
    "symbol": "DTRE",
    "name": "FIRST TR FTSE EPRA/NAREIT DEVL ALERIAN DISRUPTIVE TECHNOLOGY REAL ESTAT",
    "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": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 56.742,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 56.709,
    "architecture_energy": 55.736,
    "architecture_maturity": 8.076,
    "architecture_confidence": 74.466,
    "architecture_tenure": "New",
    "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": 21.89,
        "rotation_up": 61.53,
        "upward_expansion": 84.58,
        "deceleration": 47.14,
        "rotation_down": 14.63,
        "downward_expansion": 11.24
      },
      "activity_lines": [
        43.043853,
        42.780421,
        42.550449,
        42.168481
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 42.7742,
    "trend_reference": 41.69233,
    "distance_from_trend": 0.025949,
    "trend_direction": "Improving",
    "fair_value": 38.741528,
    "distance_from_fair_value": 0.104092,
    "fair_value_direction": "Weakening",
    "relative_strength": -6.018365,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.055942,
    "excess_performance": -0.069683,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.025949,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.027915,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.104092,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.01941,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.060184,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.024662,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.055942,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.837361,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 2497,
      "relative_activity": 1.115305,
      "balance": 0.837361,
      "dry_up": 0.561672,
      "accumulation_observations": 2,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.025491,
      "annualized_volatility": 0.178889,
      "from_high_reference": -0.018021,
      "from_low_reference": 0.13822
    },
    "levels": {
      "trend_reference": 41.69233,
      "fair_value_reference": 38.741528,
      "structural_low": 38.31,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 23,
        "median_return": 0.006254,
        "positive_rate": 0.565217,
        "directional_follow_through": 0.565217,
        "median_excess_return": -0.01052,
        "regime_survival": 0.73913,
        "best_return": 0.113217,
        "worst_return": -0.06879,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
        "median_return": -0.010484,
        "positive_rate": 0.375,
        "directional_follow_through": 0.375,
        "median_excess_return": -0.026943,
        "regime_survival": 0.375,
        "best_return": 0.052845,
        "worst_return": -0.051269,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
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        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.063839,
        "regime_survival": 0.333333,
        "best_return": 0.067249,
        "worst_return": -0.18234,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "positive_rate": 0.333333,
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        "worst_return": -0.152534,
        "sufficient": false
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        "regime": "deceleration",
        "label": "Deceleration",
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        "tenure": "Developing",
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      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "end": "2025-01-10",
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        "active": false
      },
      {
        "regime": "downward_expansion",
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        "regime": "balance",
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        "regime": "downward_expansion",
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        "date": "2026-05-01",
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        "date": "2026-05-08",
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        "date": "2026-05-22",
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        "date": "2026-06-05",
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        "relative_strength": -4.14998,
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        "date": "2026-06-12",
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      },
      {
        "date": "2026-06-26",
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        "relative_strength": -1.699121,
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        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 44.736417,
        "energy": 23.898409,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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        "typical_volume": 2471.55,
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        "fair_value": 38.571886,
        "relative_strength": -4.98715,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
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        "energy": 18.167914,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 2467.8,
        "trend": 41.1832,
        "fair_value": 38.597369,
        "relative_strength": -5.182228,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
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        "energy": 16.947776,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
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        "volume": 1350,
        "typical_volume": 2370.65,
        "trend": 41.336521,
        "fair_value": 38.631648,
        "relative_strength": -0.984742,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 68.076999,
        "energy": 40.942017,
        "activity_lines": [
          42.620007,
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        ]
      },
      {
        "date": "2026-07-24",
        "close": 43.3605,
        "volume": 614,
        "typical_volume": 2252.05,
        "trend": 41.465137,
        "fair_value": 38.667432,
        "relative_strength": -0.592374,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 62.745228,
        "energy": 53.159568,
        "activity_lines": [
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          42.355832,
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      },
      {
        "date": "2026-07-31",
        "close": 43.0875,
        "volume": 569,
        "typical_volume": 2215.1,
        "trend": 41.589511,
        "fair_value": 38.706815,
        "relative_strength": -2.157374,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 58.875973,
        "energy": 57.55757,
        "activity_lines": [
          43.07002,
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          42.475178,
          42.092049
        ]
      },
      {
        "date": "2026-08-07",
        "close": 42.7742,
        "volume": 2497,
        "typical_volume": 2238.85,
        "trend": 41.69233,
        "fair_value": 38.741528,
        "relative_strength": -6.018365,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 56.70932,
        "energy": 55.735953,
        "activity_lines": [
          43.043853,
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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."
    }
  }
}