{ "ticker": { "uuid": "c2f3ecaa-4fb7-40bf-b95a-f6239e913a9c", "symbol": "KIO", "name": "KKR Income Opportunities Fund", "exchange": "NYSE", "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": 77.528, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 35.537, "architecture_energy": 18.711, "architecture_maturity": 55.649, "architecture_confidence": 76.768, "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": 50.06, "rotation_up": 30.64, "upward_expansion": 58.27, "deceleration": 84.49, "rotation_down": 30.55, "downward_expansion": 19.6 }, "activity_lines": [ 11.092, 11.118218, 11.091672, 11.017746 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 11.15, "trend_reference": 10.963646, "distance_from_trend": 0.016997, "trend_direction": "Improving", "fair_value": 10.590345, "distance_from_fair_value": 0.052846, "fair_value_direction": "Weakening", "relative_strength": -9.810689, "relative_strength_direction": "Improving", "price_momentum": 0.005142, "excess_performance": -0.120483, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.016997, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.007542, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.052846, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.021065, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.098107, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.003238, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.005142, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.405376, "read": "Demand-led" } ], "volume": { "latest": 893192, "relative_activity": 0.969864, "balance": 1.405376, "dry_up": 1.224362, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.021683, "annualized_volatility": 0.090437, "from_high_reference": -0.038744, "from_low_reference": 0.081679 }, "levels": { "trend_reference": 10.963646, "fair_value_reference": 10.590345, "structural_low": 10.308051, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 28, "median_return": 0.017157, "positive_rate": 0.714286, "directional_follow_through": 0.714286, "median_excess_return": -0.008803, "regime_survival": 0.857143, "best_return": 0.050981, "worst_return": -0.052501, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": 0.037676, "positive_rate": 0.777778, "directional_follow_through": 0.777778, "median_excess_return": 0.001037, "regime_survival": 0.666667, "best_return": 0.122831, "worst_return": -0.037071, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.059047, "positive_rate": 0.8, "directional_follow_through": 0.8, "median_excess_return": -0.028928, "regime_survival": 0.4, "best_return": 0.168577, "worst_return": -0.033619, "sufficient": true 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1088871, "typical_volume": 1051869.0, "trend": 10.95207, "fair_value": 10.542041, "relative_strength": -7.327711, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.81582, "energy": 53.371375, "activity_lines": [ 11.208204, 11.161804, 11.062129, 10.999899 ] }, { "date": "2026-07-24", "close": 10.98, "volume": 1300005, "typical_volume": 1007931.2, "trend": 10.953081, "fair_value": 10.558144, "relative_strength": -7.872205, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.654743, "energy": 32.830126, "activity_lines": [ 11.140716, 11.133587, 11.067336, 11.001701 ] }, { "date": "2026-07-31", "close": 11.01, "volume": 1228216, "typical_volume": 935782.95, "trend": 10.958218, "fair_value": 10.574622, "relative_strength": -8.213131, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 34.242672, "energy": 18.743372, "activity_lines": [ 11.090645, 11.112094, 11.074117, 11.005373 ] }, { "date": "2026-08-07", "close": 11.15, "volume": 893192, "typical_volume": 920945.85, "trend": 10.963646, "fair_value": 10.590345, "relative_strength": -9.810689, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 35.536586, "energy": 18.711123, "activity_lines": [ 11.092, 11.118218, 11.091672, 11.017746 ] } ], "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." } } }