{
  "ticker": {
    "uuid": "bf93bd02-bea5-4995-aced-1fcf3d101cac",
    "symbol": "CPII",
    "name": "AMERICAN BEACON IONIC INFLATION PROTECTION 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": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 85.704,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "mixed",
    "architecture_direction": -15.336,
    "architecture_energy": 17.471,
    "architecture_maturity": 26.781,
    "architecture_confidence": 75.892,
    "architecture_tenure": "Developing",
    "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": 51.06,
        "rotation_up": 20.5,
        "upward_expansion": 19.67,
        "deceleration": 67.0,
        "rotation_down": 46.63,
        "downward_expansion": 35.67
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      "activity_lines": [
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.5
    },
    "latest_close": 18.9,
    "trend_reference": 18.853996,
    "distance_from_trend": 0.00244,
    "trend_direction": "Improving",
    "fair_value": 18.111745,
    "distance_from_fair_value": 0.043522,
    "fair_value_direction": "Weakening",
    "relative_strength": -10.286449,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.01542,
    "excess_performance": -0.110205,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.00244,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.005978,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.043522,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.014866,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.102864,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.005838,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.01542,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.815333,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1321,
      "relative_activity": 0.284272,
      "balance": 3.815333,
      "dry_up": 0.288254,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.006442,
      "annualized_volatility": 0.035932,
      "from_high_reference": -0.017642,
      "from_low_reference": 0.022427
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    "levels": {
      "trend_reference": 18.853996,
      "fair_value_reference": 18.111745,
      "structural_low": 18.48543,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
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    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 8,
        "median_return": -0.001215,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.020724,
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        "worst_return": -0.010312,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.068279,
        "regime_survival": 0.25,
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        "worst_return": -0.017729,
        "sufficient": false
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      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.017242,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
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        "regime_survival": 0.333333,
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        "worst_return": 0.003694,
        "sufficient": false
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      {
        "horizon": "Full cycle",
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        "worst_return": 0.024368,
        "sufficient": false
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    ],
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        "end": "2025-03-14",
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      {
        "regime": "deceleration",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "active": false
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      {
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "tenure": "New",
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        "active": false
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2025-12-19",
        "tenure": "New",
        "return": -8e-06,
        "active": false
      },
      {
        "regime": "deceleration",
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        "active": false
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        "active": false
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      {
        "regime": "rotation_up",
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        "relative_strength": -9.540126,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.617023,
        "energy": 52.517868,
        "activity_lines": [
          19.064288,
          19.01279,
          18.908684,
          18.822954
        ]
      },
      {
        "date": "2026-05-29",
        "close": 19.08738,
        "volume": 1894,
        "typical_volume": 4101.05,
        "trend": 18.741954,
        "fair_value": 17.97857,
        "relative_strength": -10.305243,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.909405,
        "energy": 50.735699,
        "activity_lines": [
          19.075847,
          19.03148,
          18.935294,
          18.846334
        ]
      },
      {
        "date": "2026-06-05",
        "close": 19.107456,
        "volume": 4622,
        "typical_volume": 4301.75,
        "trend": 18.759597,
        "fair_value": 17.994272,
        "relative_strength": -7.577296,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.25404,
        "energy": 52.420386,
        "activity_lines": [
          19.091415,
          19.053057,
          18.961324,
          18.869915
        ]
      },
      {
        "date": "2026-06-12",
        "close": 18.998412,
        "volume": 1420,
        "typical_volume": 4326.35,
        "trend": 18.773118,
        "fair_value": 18.009139,
        "relative_strength": -8.272836,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 56.55788,
        "energy": 41.452763,
        "activity_lines": [
          19.064367,
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          18.974216,
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        ]
      },
      {
        "date": "2026-06-19",
        "close": 18.943891,
        "volume": 4739,
        "typical_volume": 4550.2,
        "trend": 18.786121,
        "fair_value": 18.023683,
        "relative_strength": -8.997312,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 43.45317,
        "energy": 30.296662,
        "activity_lines": [
          19.017871,
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        ]
      },
      {
        "date": "2026-06-26",
        "close": 18.85953,
        "volume": 5312,
        "typical_volume": 4756.8,
        "trend": 18.796772,
        "fair_value": 18.03733,
        "relative_strength": -6.911912,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 25.057011,
        "energy": 18.762896,
        "activity_lines": [
          18.958049,
          19.005789,
          18.976243,
          18.901076
        ]
      },
      {
        "date": "2026-07-03",
        "close": 18.79177,
        "volume": 662,
        "typical_volume": 4761.45,
        "trend": 18.803864,
        "fair_value": 18.049119,
        "relative_strength": -8.921165,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -5.653679,
        "energy": 20.638817,
        "activity_lines": [
          18.888862,
          18.963199,
          18.965057,
          18.900753
        ]
      },
      {
        "date": "2026-07-10",
        "close": 18.836465,
        "volume": 1309,
        "typical_volume": 4766.4,
        "trend": 18.812772,
        "fair_value": 18.062842,
        "relative_strength": -9.614869,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -0.626691,
        "energy": 23.416558,
        "activity_lines": [
          18.854279,
          18.933377,
          18.95709,
          18.902856
        ]
      },
      {
        "date": "2026-07-17",
        "close": 18.85633,
        "volume": 320,
        "typical_volume": 4775.9,
        "trend": 18.823321,
        "fair_value": 18.076226,
        "relative_strength": -7.796655,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -0.093182,
        "energy": 23.045658,
        "activity_lines": [
          18.844385,
          18.910385,
          18.949628,
          18.905666
        ]
      },
      {
        "date": "2026-07-24",
        "close": 18.871228,
        "volume": 215,
        "typical_volume": 4423.1,
        "trend": 18.834366,
        "fair_value": 18.088662,
        "relative_strength": -6.923173,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -0.153262,
        "energy": 20.890684,
        "activity_lines": [
          18.848928,
          18.892338,
          18.942473,
          18.908757
        ]
      },
      {
        "date": "2026-07-31",
        "close": 18.771906,
        "volume": 3502,
        "typical_volume": 4590.15,
        "trend": 18.842793,
        "fair_value": 18.100109,
        "relative_strength": -8.092977,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -30.066842,
        "energy": 38.701804,
        "activity_lines": [
          18.825209,
          18.861589,
          18.925402,
          18.904728
        ]
      },
      {
        "date": "2026-08-07",
        "close": 18.9,
        "volume": 1321,
        "typical_volume": 4646.95,
        "trend": 18.853996,
        "fair_value": 18.111745,
        "relative_strength": -10.286449,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -15.335749,
        "energy": 17.470928,
        "activity_lines": [
          18.850029,
          18.859327,
          18.920782,
          18.908418
        ]
      }
    ],
    "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."
    }
  }
}