{
  "ticker": {
    "uuid": "b4690a94-54b4-4d4a-abc8-fd7e701cffd5",
    "symbol": "PIFI",
    "name": "ETF SERIES SOLUTIONS CLEARSHARES PITON INTERM FXD INC ETF",
    "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": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 53.704,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -55.238,
    "architecture_energy": 45.241,
    "architecture_maturity": 22.573,
    "architecture_confidence": 90.484,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 33.98,
        "rotation_up": 19.09,
        "upward_expansion": 7.43,
        "deceleration": 45.48,
        "rotation_down": 52.38,
        "downward_expansion": 78.43
      },
      "activity_lines": [
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        93.496436
      ],
      "activity_state": "Compressed",
      "activity_direction": "Expanding",
      "rotation_direction": "Stable",
      "price_acceptance": -0.5
    },
    "latest_close": 93.2357,
    "trend_reference": 93.780519,
    "distance_from_trend": -0.00581,
    "trend_direction": "Weakening",
    "fair_value": 89.626921,
    "distance_from_fair_value": 0.040264,
    "fair_value_direction": "Weakening",
    "relative_strength": -11.429475,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.011088,
    "excess_performance": -0.136713,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.00581,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.00251,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.040264,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.01309,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.114295,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.005497,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.011088,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.267898,
        "read": "Demand-led"
      }
    ],
    "volume": {
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      "relative_activity": 1.123554,
      "balance": 1.267898,
      "dry_up": 0.661422,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
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      "annualized_volatility": 0.034375,
      "from_high_reference": -0.022456,
      "from_low_reference": 0.012058
    },
    "levels": {
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      "fair_value_reference": 89.626921,
      "structural_low": 92.604966,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
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    "outcomes": [
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        "positive_rate": 0.642857,
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        "worst_return": -0.022008,
        "sufficient": true
      },
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        "horizon": "Intermediate",
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        "horizon": "Full cycle",
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      },
      {
        "date": "2026-04-24",
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        "trend": 94.086385,
        "fair_value": 88.747588,
        "relative_strength": -7.805816,
        "stage": 3,
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        "modifier": "Recompressing",
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        "date": "2026-05-01",
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        "relative_strength": -9.490555,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-08",
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        "trend": 94.089887,
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        "relative_strength": -10.879727,
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        "regime": "balance",
        "modifier": "Upper balance after advance",
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        "date": "2026-05-15",
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        "typical_volume": 3690.25,
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        "fair_value": 88.909132,
        "relative_strength": -11.561315,
        "stage": 3,
        "regime": "balance",
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        "gate": "mixed",
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        "activity_lines": [
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      },
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        "date": "2026-05-22",
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        "fair_value": 88.967519,
        "relative_strength": -11.702641,
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        "energy": 79.068913,
        "activity_lines": [
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      },
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        "typical_volume": 4100.55,
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      },
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        "date": "2026-06-05",
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        "stage": 3,
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      },
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        "date": "2026-06-12",
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        "typical_volume": 5816.75,
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        "relative_strength": -9.923585,
        "stage": 3,
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        "activity_lines": [
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      },
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        "date": "2026-06-26",
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        "gate": "down",
        "direction": -43.941319,
        "energy": 32.092585,
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      },
      {
        "date": "2026-07-03",
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        "typical_volume": 5927.85,
        "trend": 93.935497,
        "fair_value": 89.331626,
        "relative_strength": -9.279187,
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        "gate": "down",
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        "energy": 23.588757,
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 6054.65,
        "trend": 93.915304,
        "fair_value": 89.389118,
        "relative_strength": -10.519439,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -44.17217,
        "energy": 24.641567,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
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        "volume": 2413,
        "typical_volume": 6042.75,
        "trend": 93.891239,
        "fair_value": 89.448338,
        "relative_strength": -8.720431,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -36.651103,
        "energy": 20.955194,
        "activity_lines": [
          93.346044,
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          93.439626,
          93.664086
        ]
      },
      {
        "date": "2026-07-24",
        "close": 92.85,
        "volume": 2853,
        "typical_volume": 6082.55,
        "trend": 93.848733,
        "fair_value": 89.506201,
        "relative_strength": -8.365556,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.5352,
        "energy": 37.877926,
        "activity_lines": [
          93.172722,
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          93.363528,
          93.596909
        ]
      },
      {
        "date": "2026-07-31",
        "close": 92.865,
        "volume": 4602,
        "typical_volume": 6267.7,
        "trend": 93.809304,
        "fair_value": 89.564012,
        "relative_strength": -9.014552,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.669974,
        "energy": 54.00425,
        "activity_lines": [
          93.031667,
          93.163569,
          93.297726,
          93.533443
        ]
      },
      {
        "date": "2026-08-07",
        "close": 93.2357,
        "volume": 7284,
        "typical_volume": 6483.0,
        "trend": 93.780519,
        "fair_value": 89.626921,
        "relative_strength": -11.429475,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -55.238286,
        "energy": 45.240762,
        "activity_lines": [
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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."
    }
  }
}