{ "ticker": { "uuid": "b7c3d5e0-3686-4d05-a605-9c6c231633df", "symbol": "BGY", "name": "BlackRock Enhanced International Dividend Trust", "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": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 71.153, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "mixed", "architecture_direction": 35.877, "architecture_energy": 32.594, "architecture_maturity": 34.429, "architecture_confidence": 48.824, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 45.78, "rotation_up": 48.49, "upward_expansion": 52.31, "deceleration": 29.82, "rotation_down": 26.46, "downward_expansion": 12.98 }, "activity_lines": [ 5.759813, 5.730712, 5.69764, 5.667623 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Stable", "price_acceptance": 0.666667 }, "latest_close": 5.84, "trend_reference": 5.667896, "distance_from_trend": 0.030365, "trend_direction": "Improving", "fair_value": 4.958619, "distance_from_fair_value": 0.177747, "fair_value_direction": "Weakening", "relative_strength": -6.650727, "relative_strength_direction": "Improving", "price_momentum": -0.009948, "excess_performance": -0.135573, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.030365, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.012034, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.177747, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.005704, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.066507, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.003264, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.009948, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.283448, "read": "Demand-led" } ], "volume": { "latest": 1203014, "relative_activity": 0.813194, "balance": 1.283448, "dry_up": 0.740629, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.028123, "annualized_volatility": 0.19913, "from_high_reference": -0.034163, "from_low_reference": 0.150576 }, "levels": { "trend_reference": 5.667896, "fair_value_reference": 4.958619, "structural_low": 5.075717, "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": 14, "median_return": 0.009032, "positive_rate": 0.571429, "directional_follow_through": 0.571429, "median_excess_return": 0.000486, "regime_survival": 0.714286, "best_return": 0.09149, "worst_return": -0.037317, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": -0.010646, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.029903, "regime_survival": 0.333333, "best_return": 0.13139, "worst_return": -0.091412, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.042017, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.017771, "regime_survival": 0.0, "best_return": 0.121371, "worst_return": -0.114703, "sufficient": false 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false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-08-30", "end": "2024-10-25", "tenure": "Developing", "return": -0.015821, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-01", "end": "2024-12-20", "tenure": "Developing", "return": -0.029744, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-27", "end": "2025-01-03", "tenure": "New", "return": 0.001873, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-10", "end": "2025-01-17", "tenure": "New", "return": 0.032609, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-24", "end": "2025-02-28", "tenure": "Developing", "return": 0.029531, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-07", "end": "2025-04-04", 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1550959.8, "trend": 5.661732, "fair_value": 4.947941, "relative_strength": -4.561614, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.091999, "energy": 24.224552, "activity_lines": [ 5.718155, 5.704957, 5.675463, 5.656122 ] }, { "date": "2026-08-07", "close": 5.84, "volume": 1203014, "typical_volume": 1479368.8, "trend": 5.667896, "fair_value": 4.958619, "relative_strength": -6.650727, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 35.876615, "energy": 32.59412, "activity_lines": [ 5.759813, 5.730712, 5.69764, 5.667623 ] } ], "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." } } }