{
  "ticker": {
    "uuid": "b8ac259e-ca88-48b8-b9e1-62f70f9ca3cb",
    "symbol": "IWS",
    "name": "ISHARES TRUST RUSSELL MID-CAP VALUE 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": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 84.176,
    "architecture_energy": 68.497,
    "architecture_maturity": 46.614,
    "architecture_confidence": 83.528,
    "architecture_tenure": "Established",
    "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": 0.87,
        "rotation_up": 69.99,
        "upward_expansion": 89.24,
        "deceleration": 53.22,
        "rotation_down": 22.45,
        "downward_expansion": 11.24
      },
      "activity_lines": [
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        163.24054,
        159.794052
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 1.0
    },
    "latest_close": 171.2,
    "trend_reference": 155.732952,
    "distance_from_trend": 0.099318,
    "trend_direction": "Improving",
    "fair_value": 129.006033,
    "distance_from_fair_value": 0.32707,
    "fair_value_direction": "Improving",
    "relative_strength": 3.037156,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.132723,
    "excess_performance": 0.007098,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.099318,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.056797,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.32707,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.057792,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.030372,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.02955,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.132723,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.632975,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 3045543,
      "relative_activity": 1.332697,
      "balance": 2.632975,
      "dry_up": 1.186152,
      "accumulation_observations": 5,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.023531,
      "annualized_volatility": 0.115047,
      "from_high_reference": -0.002738,
      "from_low_reference": 0.30478
    },
    "levels": {
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      "fair_value_reference": 129.006033,
      "structural_low": 141.306585,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 33,
        "median_return": 0.008918,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.001835,
        "regime_survival": 0.787879,
        "best_return": 0.044356,
        "worst_return": -0.078084,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "directional_follow_through": 0.666667,
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        "regime_survival": 0.583333,
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        "worst_return": -0.075113,
        "sufficient": true
      },
      {
        "horizon": "Extended",
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        "directional_follow_through": 1.0,
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        "worst_return": 0.013261,
        "sufficient": true
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      {
        "horizon": "Full cycle",
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        "worst_return": -0.00466,
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      {
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        "regime": "deceleration",
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        "regime": "downward_expansion",
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        "date": "2026-04-17",
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      },
      {
        "date": "2026-07-03",
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      },
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      },
      {
        "date": "2026-07-17",
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      },
      {
        "date": "2026-07-24",
        "close": 166.48,
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        "typical_volume": 2411840.9,
        "trend": 154.042978,
        "fair_value": 128.206125,
        "relative_strength": 5.066516,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
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      },
      {
        "date": "2026-07-31",
        "close": 167.08,
        "volume": 2013791,
        "typical_volume": 2332641.55,
        "trend": 154.88738,
        "fair_value": 128.591193,
        "relative_strength": 4.20066,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.521445,
        "energy": 61.378739,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 171.2,
        "volume": 3045543,
        "typical_volume": 2285248.55,
        "trend": 155.732952,
        "fair_value": 129.006033,
        "relative_strength": 3.037156,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 84.176191,
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        "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."
    }
  }
}