{
  "ticker": {
    "uuid": "bd7fceaa-424e-49d8-b030-1ab720a434a2",
    "symbol": "VFMV",
    "name": "VANGUARD U.S. MINIMUM VOLATILITY ETF ETF SHARES",
    "exchange": "CBOE",
    "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": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 79.449,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 87.771,
    "architecture_energy": 87.736,
    "architecture_maturity": 36.774,
    "architecture_confidence": 67.881,
    "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": 9.2,
        "rotation_up": 84.17,
        "upward_expansion": 97.32,
        "deceleration": 39.29,
        "rotation_down": 10.24,
        "downward_expansion": 19.32
      },
      "activity_lines": [
        144.257113,
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        140.00288
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 146.58,
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    "distance_from_trend": 0.059671,
    "trend_direction": "Improving",
    "fair_value": 119.264344,
    "distance_from_fair_value": 0.229035,
    "fair_value_direction": "Improving",
    "relative_strength": -2.80473,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.076838,
    "excess_performance": -0.048787,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.059671,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.029074,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.229035,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.022681,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.028047,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.023662,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.076838,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.605193,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 71887,
      "relative_activity": 0.878383,
      "balance": 2.605193,
      "dry_up": 0.815006,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.015898,
      "annualized_volatility": 0.0896,
      "from_high_reference": -0.000443,
      "from_low_reference": 0.164781
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    "levels": {
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      "fair_value_reference": 119.264344,
      "structural_low": 130.96,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 42,
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        "positive_rate": 0.595238,
        "directional_follow_through": 0.595238,
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        "worst_return": -0.05407,
        "sufficient": true
      },
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        "horizon": "Intermediate",
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        "worst_return": -0.059931,
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        "horizon": "Full cycle",
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      },
      {
        "date": "2026-04-24",
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      },
      {
        "date": "2026-05-01",
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      },
      {
        "date": "2026-05-08",
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      },
      {
        "date": "2026-05-15",
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 97985.8,
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 95076.4,
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      },
      {
        "date": "2026-06-05",
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        "relative_strength": -3.761124,
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      },
      {
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        "fair_value": 116.854965,
        "relative_strength": -3.58913,
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      },
      {
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      },
      {
        "date": "2026-07-03",
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        "fair_value": 117.736195,
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 90875.0,
        "trend": 136.588389,
        "fair_value": 118.03607,
        "relative_strength": -4.009316,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
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        "energy": 42.51037,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
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        "volume": 71320,
        "typical_volume": 89422.45,
        "trend": 136.997286,
        "fair_value": 118.329627,
        "relative_strength": -2.04173,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 72.373062,
        "energy": 62.691412,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
        "close": 142.8857,
        "volume": 50840,
        "typical_volume": 84370.3,
        "trend": 137.386544,
        "fair_value": 118.626122,
        "relative_strength": -1.047309,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 72.061066,
        "energy": 74.106109,
        "activity_lines": [
          142.0462,
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      },
      {
        "date": "2026-07-31",
        "close": 143.9182,
        "volume": 72754,
        "typical_volume": 83344.2,
        "trend": 137.854075,
        "fair_value": 118.937235,
        "relative_strength": -1.319995,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 75.864503,
        "energy": 78.7087,
        "activity_lines": [
          142.863933,
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      },
      {
        "date": "2026-08-07",
        "close": 146.58,
        "volume": 71887,
        "typical_volume": 81840.15,
        "trend": 138.325956,
        "fair_value": 119.264344,
        "relative_strength": -2.80473,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 87.77126,
        "energy": 87.735857,
        "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."
    }
  }
}