{
  "ticker": {
    "uuid": "bc291d97-3692-485e-8f97-d5a3ee5bc622",
    "symbol": "DEHP",
    "name": "DIMENSIONAL ETF TRUST EMERGING MARKETS HIGH PROFITABILITY 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": 82.054,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 10.067,
    "architecture_energy": 15.18,
    "architecture_maturity": 59.502,
    "architecture_confidence": 84.652,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 59.0,
        "rotation_up": 17.11,
        "upward_expansion": 44.97,
        "deceleration": 87.64,
        "rotation_down": 40.01,
        "downward_expansion": 29.97
      },
      "activity_lines": [
        39.553,
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        40.399209,
        39.390615
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.5
    },
    "latest_close": 40.33,
    "trend_reference": 38.045025,
    "distance_from_trend": 0.06006,
    "trend_direction": "Improving",
    "fair_value": 27.925272,
    "distance_from_fair_value": 0.444212,
    "fair_value_direction": "Weakening",
    "relative_strength": 3.090695,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.138005,
    "excess_performance": 0.01238,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.06006,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.084197,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.444212,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.139687,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.030907,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.148096,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.138005,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.59844,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 206882,
      "relative_activity": 1.164697,
      "balance": 0.59844,
      "dry_up": 1.003573,
      "accumulation_observations": 1,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.069381,
      "annualized_volatility": 0.308792,
      "from_high_reference": -0.102314,
      "from_low_reference": 0.421529
    },
    "levels": {
      "trend_reference": 38.045025,
      "fair_value_reference": 27.925272,
      "structural_low": 32.46,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 3,
        "median_return": 0.045746,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.008323,
        "regime_survival": 0.0,
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        "worst_return": -0.015285,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": 0.087919,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.050417,
        "regime_survival": 0.0,
        "best_return": 0.268611,
        "worst_return": 0.037981,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": 0.047837,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.061782,
        "regime_survival": 0.0,
        "best_return": 0.078291,
        "worst_return": 0.017382,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": 0.098254,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.134745,
        "regime_survival": 0.0,
        "best_return": 0.098254,
        "worst_return": 0.098254,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-02-23",
        "end": "2024-08-02",
        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-08-30",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2024-10-04",
        "tenure": "Developing",
        "return": 0.108004,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2024-11-08",
        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2024-11-29",
        "tenure": "New",
        "return": 0.006624,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-12-06",
        "end": "2024-12-27",
        "tenure": "New",
        "return": -0.014326,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-03",
        "end": "2025-02-07",
        "tenure": "Developing",
        "return": 0.016857,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-04-11",
        "tenure": "Developing",
        "return": -0.066817,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2025-05-02",
        "tenure": "New",
        "return": 0.070869,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "tenure": "New",
        "return": 0.027682,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "active": false
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      {
        "regime": "deceleration",
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      {
        "regime": "upward_expansion",
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        "active": true
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        "activity_lines": [
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      },
      {
        "date": "2026-05-08",
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        "typical_volume": 151912.2,
        "trend": 34.121971,
        "fair_value": 26.384898,
        "relative_strength": 17.900277,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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      },
      {
        "date": "2026-05-15",
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        "modifier": "Re-accelerating",
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        "energy": 85.550433,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-22",
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        "relative_strength": 12.821699,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 154996.6,
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        "energy": 83.601836,
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      },
      {
        "date": "2026-06-05",
        "close": 39.60073,
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        "typical_volume": 157216.35,
        "trend": 35.36284,
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        "relative_strength": 10.003729,
        "stage": 2,
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        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
        "close": 42.095138,
        "volume": 103001,
        "typical_volume": 156841.55,
        "trend": 35.708659,
        "fair_value": 26.991553,
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      },
      {
        "date": "2026-06-19",
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        "relative_strength": 19.92521,
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        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
        "close": 41.75,
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        "typical_volume": 158968.4,
        "trend": 36.509193,
        "fair_value": 27.2588,
        "relative_strength": 15.345936,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.329129,
        "energy": 50.203093,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
        "close": 40.99,
        "volume": 490950,
        "typical_volume": 178366.2,
        "trend": 36.821865,
        "fair_value": 27.379845,
        "relative_strength": 10.424574,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "direction": 58.889646,
        "energy": 46.392656,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 41.52,
        "volume": 131112,
        "typical_volume": 175420.65,
        "trend": 37.163323,
        "fair_value": 27.498606,
        "relative_strength": 9.913609,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 55.861516,
        "energy": 42.028175,
        "activity_lines": [
          41.828294,
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          40.256077,
          38.939038
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      },
      {
        "date": "2026-07-17",
        "close": 38.8,
        "volume": 163162,
        "typical_volume": 171141.55,
        "trend": 37.401635,
        "fair_value": 27.602497,
        "relative_strength": 4.042412,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 34.16407,
        "energy": 19.538584,
        "activity_lines": [
          40.720643,
          41.203511,
          40.272509,
          39.04463
        ]
      },
      {
        "date": "2026-07-24",
        "close": 39.015,
        "volume": 113204,
        "typical_volume": 166909.85,
        "trend": 37.627508,
        "fair_value": 27.703105,
        "relative_strength": 4.919111,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 26.095156,
        "energy": 19.623129,
        "activity_lines": [
          39.904333,
          40.795872,
          40.301117,
          39.148718
        ]
      },
      {
        "date": "2026-07-31",
        "close": 38.87,
        "volume": 229800,
        "typical_volume": 171841.7,
        "trend": 37.823084,
        "fair_value": 27.808034,
        "relative_strength": 3.121656,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 17.024031,
        "energy": 17.237893,
        "activity_lines": [
          39.389333,
          40.38012,
          40.292564,
          39.228879
        ]
      },
      {
        "date": "2026-08-07",
        "close": 40.33,
        "volume": 206882,
        "typical_volume": 177627.35,
        "trend": 38.045025,
        "fair_value": 27.925272,
        "relative_strength": 3.090695,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 10.066759,
        "energy": 15.179511,
        "activity_lines": [
          39.553,
          40.263453,
          40.399209,
          39.390615
        ]
      }
    ],
    "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."
    }
  }
}