{ "ticker": { "uuid": "c319c1df-3282-4352-bbe6-2581c2dcd232", "symbol": "IYRI", "name": "NEOS REAL ESTATE HIGH INCOME ETF", "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": 51.525, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 59.79, "architecture_energy": 53.155, "architecture_maturity": 8.493, "architecture_confidence": 72.055, "architecture_tenure": "New", "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": 11.32, "rotation_up": 63.8, "upward_expansion": 85.16, "deceleration": 47.45, "rotation_down": 15.85, "downward_expansion": 9.5 }, "activity_lines": [ 49.887491, 49.618748, 49.157755, 48.73051 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 49.77, "trend_reference": 48.266204, "distance_from_trend": 0.031156, "trend_direction": "Improving", "fair_value": 46.20908, "distance_from_fair_value": 0.077061, "fair_value_direction": "Improving", "relative_strength": -6.459418, "relative_strength_direction": "Improving", "price_momentum": 0.044408, "excess_performance": -0.081217, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.031156, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.022488, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.077061, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.010695, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.064594, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.002115, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.044408, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.886327, "read": "Supply-led" } ], "volume": { "latest": 407445, "relative_activity": 1.158277, "balance": 0.886327, "dry_up": 1.038553, "accumulation_observations": 4, "distribution_observations": 3 }, "risk": { "range_context": 0.024428, "annualized_volatility": 0.130876, "from_high_reference": -0.017174, "from_low_reference": 0.114009 }, "levels": { "trend_reference": 48.266204, "fair_value_reference": 46.20908, "structural_low": 45.052139, 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null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-07-10", "close": 49.152922, "volume": 335849, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-07-17", "close": 50.054719, "volume": 394852, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-07-24", "close": 50.16, "volume": 354332, "typical_volume": 356992.8, "trend": 48.021598, "fair_value": 46.118057, "relative_strength": -1.71342, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.4139, "energy": 62.897539, "activity_lines": [ 49.766751, 49.383016, 48.872976, 48.503057 ] }, { "date": "2026-07-31", "close": 49.93, "volume": 304691, "typical_volume": 357141.15, "trend": 48.152881, "fair_value": 46.165118, "relative_strength": -3.060396, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.715937, "energy": 56.866808, "activity_lines": [ 49.872093, 49.524926, 49.02951, 48.62618 ] }, { "date": "2026-08-07", "close": 49.77, "volume": 407445, "typical_volume": 351768.25, "trend": 48.266204, "fair_value": 46.20908, "relative_strength": -6.459418, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.789674, "energy": 53.154945, "activity_lines": [ 49.887491, 49.618748, 49.157755, 48.73051 ] } ], "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." } } }