{ "ticker": { "uuid": "b924cdaf-5364-4bff-a265-9ed59331c381", "symbol": "AYLD", "name": "Global X S&P/ASX 200 Covered Call ETF", "exchange": "ASX", "country": "AU", "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": "^AXJO", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 49.518, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 75.076, "architecture_energy": 61.988, "architecture_maturity": 13.091, "architecture_confidence": 74.64, "architecture_tenure": "Developing", "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": 21.33, "rotation_up": 64.43, "upward_expansion": 82.67, "deceleration": 50.31, "rotation_down": 12.85, "downward_expansion": 11.67 }, "activity_lines": [ 10.312667, 10.252649, 10.185897, 10.142301 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 10.47, "trend_reference": 10.08051, "distance_from_trend": 0.038638, "trend_direction": "Improving", "fair_value": 9.176193, "distance_from_fair_value": 0.140996, "fair_value_direction": "Improving", "relative_strength": 0.028851, "relative_strength_direction": "Weakening", "price_momentum": 0.065944, "excess_performance": 0.002238, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.038638, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.014625, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.140996, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.025115, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.000289, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.025136, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.065944, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.965291, "read": "Supply-led" } ], "volume": { "latest": 121213, "relative_activity": 1.004713, "balance": 0.965291, "dry_up": 1.245145, "accumulation_observations": 5, "distribution_observations": 3 }, "risk": { "range_context": 0.017387, "annualized_volatility": 0.059765, "from_high_reference": -0.010397, "from_low_reference": 0.102744 }, "levels": { "trend_reference": 10.08051, "fair_value_reference": 9.176193, "structural_low": 9.78307, 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"gate": "up", "direction": 49.343261, "energy": 30.260229, "activity_lines": [ 10.182737, 10.165891, 10.131779, 10.098055 ] }, { "date": "2026-07-31", "close": 10.32, "volume": 145424, "typical_volume": 118165.95, "trend": 10.0599, "fair_value": 9.159601, "relative_strength": 1.812742, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.462349, "energy": 38.684713, "activity_lines": [ 10.228667, 10.198148, 10.152554, 10.115843 ] }, { "date": "2026-08-07", "close": 10.47, "volume": 121213, "typical_volume": 120644.35, "trend": 10.08051, "fair_value": 9.176193, "relative_strength": 0.028851, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.076162, "energy": 61.988249, "activity_lines": [ 10.312667, 10.252649, 10.185897, 10.142301 ] } ], "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." } } }