{ "ticker": { "uuid": "b71a9c35-c3ef-4e21-ad58-70d835a80769", "symbol": "NMAI", "name": "Nuveen Multi-Asset Income Fund", "exchange": "NYSE", "country": "US", "assetType": "equity" }, "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": 92.8, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 77.154, "architecture_energy": 55.433, "architecture_maturity": 14.959, "architecture_confidence": 81.394, "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": 19.12, "rotation_up": 63.57, "upward_expansion": 84.12, "deceleration": 49.34, "rotation_down": 18.96, "downward_expansion": 8.45 }, "activity_lines": [ 14.083131, 13.942356, 13.832087, 13.601104 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Stable", "price_acceptance": 0.833333 }, "latest_close": 14.5, "trend_reference": 13.339565, "distance_from_trend": 0.086992, "trend_direction": "Improving", "fair_value": 10.880551, "distance_from_fair_value": 0.332653, "fair_value_direction": "Weakening", "relative_strength": 1.074174, "relative_strength_direction": "Weakening", "price_momentum": 0.110706, "excess_performance": -0.014919, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.086992, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.039017, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.332653, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.005512, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.010742, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.010949, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.110706, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.41508, "read": "Demand-led" } ], "volume": { "latest": 476198, "relative_activity": 0.947297, "balance": 1.41508, "dry_up": 0.877742, "accumulation_observations": 3, "distribution_observations": 4 }, "risk": { "range_context": 0.033051, "annualized_volatility": 0.188883, "from_high_reference": -0.004121, "from_low_reference": 0.271217 }, "levels": { "trend_reference": 13.339565, "fair_value_reference": 10.880551, "structural_low": 11.695801, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 25, "median_return": 0.010742, "positive_rate": 0.64, "directional_follow_through": 0.64, "median_excess_return": -0.005322, "regime_survival": 0.8, "best_return": 0.104027, "worst_return": -0.035206, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": 0.053136, "positive_rate": 0.888889, "directional_follow_through": 0.888889, "median_excess_return": -0.022788, "regime_survival": 0.777778, "best_return": 0.1368, "worst_return": -0.035823, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.132109, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.033951, "regime_survival": 0.8, "best_return": 0.162175, "worst_return": 0.018885, "sufficient": true }, { "horizon": "Full cycle", 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13.339168 ] }, { "date": "2026-07-10", "close": 13.846964, "volume": 497834, "typical_volume": 530075.7, "trend": 13.122564, "fair_value": 10.737824, "relative_strength": -0.940065, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.290619, "energy": 31.488667, "activity_lines": [ 13.781864, 13.786133, 13.587775, 13.389315 ] }, { "date": "2026-07-17", "close": 13.83, "volume": 571632, "typical_volume": 537640.85, "trend": 13.175627, "fair_value": 10.772277, "relative_strength": 0.449237, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.759338, "energy": 33.787562, "activity_lines": [ 13.808246, 13.786829, 13.637167, 13.434956 ] }, { "date": "2026-07-24", "close": 13.76, "volume": 293201, "typical_volume": 517350.75, "trend": 13.221607, "fair_value": 10.805871, "relative_strength": 0.487654, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.448157, "energy": 32.445642, "activity_lines": [ 13.799566, 13.776609, 13.677603, 13.472657 ] }, { "date": "2026-07-31", "close": 13.99, "volume": 423902, "typical_volume": 508354.8, "trend": 13.27747, "fair_value": 10.841804, "relative_strength": 1.003175, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.558796, "energy": 36.427608, "activity_lines": [ 13.868059, 13.814438, 13.734396, 13.522231 ] }, { "date": "2026-08-07", "close": 14.5, "volume": 476198, "typical_volume": 502691.35, "trend": 13.339565, "fair_value": 10.880551, "relative_strength": 1.074174, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.153623, "energy": 55.432583, "activity_lines": [ 14.083131, 13.942356, 13.832087, 13.601104 ] } ], "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." } } }