{
  "ticker": {
    "uuid": "c0b8deb6-717e-40f2-92a0-98e7c595ada7",
    "symbol": "SNSR",
    "name": "GLOBAL X INTERNET OF THINGS ETF",
    "exchange": "NASDAQ",
    "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": "QQQ",
    "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": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 42.531,
    "architecture_energy": 23.587,
    "architecture_maturity": 71.209,
    "architecture_confidence": 90.093,
    "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": 39.99,
        "rotation_up": 25.59,
        "upward_expansion": 54.32,
        "deceleration": 90.98,
        "rotation_down": 32.93,
        "downward_expansion": 20.32
      },
      "activity_lines": [
        47.25876,
        47.69021,
        47.685922,
        45.979155
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.0
    },
    "latest_close": 49.52,
    "trend_reference": 43.68849,
    "distance_from_trend": 0.133479,
    "trend_direction": "Improving",
    "fair_value": 36.504576,
    "distance_from_fair_value": 0.356542,
    "fair_value_direction": "Improving",
    "relative_strength": 5.709206,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.274672,
    "excess_performance": 0.087219,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.133479,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.093378,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.356542,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.007924,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.057092,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.024463,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.274672,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.178079,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 75118,
      "relative_activity": 0.720671,
      "balance": 1.178079,
      "dry_up": 1.256546,
      "accumulation_observations": 4,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.063108,
      "annualized_volatility": 0.285291,
      "from_high_reference": -0.078048,
      "from_low_reference": 0.453769
    },
    "levels": {
      "trend_reference": 43.68849,
      "fair_value_reference": 36.504576,
      "structural_low": 35.49,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 8,
        "median_return": 0.013355,
        "positive_rate": 0.625,
        "directional_follow_through": 0.625,
        "median_excess_return": -0.01547,
        "regime_survival": 0.375,
        "best_return": 0.102671,
        "worst_return": -0.063016,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": 0.017024,
        "positive_rate": 0.8,
        "directional_follow_through": 0.8,
        "median_excess_return": -0.027785,
        "regime_survival": 0.0,
        "best_return": 0.044273,
        "worst_return": -0.086346,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.008324,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.090203,
        "regime_survival": 0.0,
        "best_return": 0.052431,
        "worst_return": -0.14326,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.071195,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.168747,
        "regime_survival": 0.0,
        "best_return": 0.130407,
        "worst_return": -0.272797,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-02-07",
        "end": "2025-03-07",
        "tenure": "Developing",
        "return": -0.020227,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-03-14",
        "end": "2025-03-28",
        "tenure": "New",
        "return": -0.036049,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-04",
        "end": "2025-05-23",
        "tenure": "Developing",
        "return": 0.232155,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-05-30",
        "end": "2025-07-11",
        "tenure": "Developing",
        "return": 0.081313,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-18",
        "end": "2025-08-15",
        "tenure": "Developing",
        "return": -0.026398,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-08-22",
        "end": "2025-08-29",
        "tenure": "New",
        "return": -0.003906,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-09-05",
        "end": "2025-11-07",
        "tenure": "Developing",
        "return": -0.055584,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-11-21",
        "tenure": "New",
        "return": -0.029022,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-11-28",
        "end": "2025-12-05",
        "tenure": "New",
        "return": 0.052402,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-12-12",
        "end": "2026-02-13",
        "tenure": "Developing",
        "return": 0.053139,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-02-20",
        "end": "2026-03-13",
        "tenure": "New",
        "return": -0.070442,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-03-20",
        "end": "2026-04-10",
        "tenure": "New",
        "return": 0.074618,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-04-17",
        "end": "2026-07-10",
        "tenure": "Established",
        "return": 0.1319,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-07-17",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.076622,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2026-04-24",
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      },
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      },
      {
        "date": "2026-06-05",
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        "relative_strength": 8.342267,
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        "date": "2026-06-12",
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        "relative_strength": 7.939034,
        "stage": 2,
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        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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        "typical_volume": 99235.65,
        "trend": 42.103102,
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        "relative_strength": 4.884024,
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      },
      {
        "date": "2026-07-10",
        "close": 48.7,
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        "typical_volume": 98407.2,
        "trend": 42.466655,
        "fair_value": 36.161916,
        "relative_strength": 3.678223,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 46.068899,
        "energy": 37.656454,
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      },
      {
        "date": "2026-07-17",
        "close": 45.9957,
        "volume": 52723,
        "typical_volume": 97998.4,
        "trend": 42.755842,
        "fair_value": 36.236243,
        "relative_strength": 2.252325,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 38.942861,
        "energy": 25.255271,
        "activity_lines": [
          47.75997,
          48.661543,
          47.181074,
          45.21735
        ]
      },
      {
        "date": "2026-07-24",
        "close": 44.82,
        "volume": 335001,
        "typical_volume": 108265.9,
        "trend": 43.003016,
        "fair_value": 36.303159,
        "relative_strength": 1.301185,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 25.764061,
        "energy": 21.764474,
        "activity_lines": [
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          47.18131,
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        ]
      },
      {
        "date": "2026-07-31",
        "close": 46.5325,
        "volume": 61054,
        "typical_volume": 109440.9,
        "trend": 43.305656,
        "fair_value": 36.392275,
        "relative_strength": 4.521751,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 25.357518,
        "energy": 21.166841,
        "activity_lines": [
          46.382873,
          47.49063,
          47.312944,
          45.57823
        ]
      },
      {
        "date": "2026-08-07",
        "close": 49.52,
        "volume": 75118,
        "typical_volume": 104233.35,
        "trend": 43.68849,
        "fair_value": 36.504576,
        "relative_strength": 5.709206,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 42.530745,
        "energy": 23.587419,
        "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."
    }
  }
}