{
  "ticker": {
    "uuid": "c83cd70d-a920-4833-b04a-afc792ed196a",
    "symbol": "IQDF",
    "name": "FLEXSHARES TRUST INTERNATIONAL QUALITY DIV IDX",
    "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": 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": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 72.014,
    "architecture_energy": 47.568,
    "architecture_maturity": 44.774,
    "architecture_confidence": 77.004,
    "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": 30.09,
        "rotation_up": 52.15,
        "upward_expansion": 76.96,
        "deceleration": 61.02,
        "rotation_down": 23.07,
        "downward_expansion": 5.96
      },
      "activity_lines": [
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        34.281287,
        33.746369
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 35.5945,
    "trend_reference": 33.125374,
    "distance_from_trend": 0.074539,
    "trend_direction": "Improving",
    "fair_value": 25.232045,
    "distance_from_fair_value": 0.410686,
    "fair_value_direction": "Weakening",
    "relative_strength": 1.964698,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.092629,
    "excess_performance": -0.032996,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.074539,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.053822,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.410686,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.019397,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.019647,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.02836,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.092629,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.962964,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 184496,
      "relative_activity": 0.607562,
      "balance": 1.962964,
      "dry_up": 0.93501,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.029152,
      "annualized_volatility": 0.171537,
      "from_high_reference": -0.000716,
      "from_low_reference": 0.320379
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    "levels": {
      "trend_reference": 33.125374,
      "fair_value_reference": 25.232045,
      "structural_low": 30.106348,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 36,
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        "positive_rate": 0.638889,
        "directional_follow_through": 0.638889,
        "median_excess_return": -0.008446,
        "regime_survival": 0.805556,
        "best_return": 0.066805,
        "worst_return": -0.068791,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 12,
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        "worst_return": -0.066418,
        "sufficient": true
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        "horizon": "Extended",
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        "worst_return": -0.006329,
        "sufficient": true
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        "horizon": "Full cycle",
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        "sufficient": false
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        "date": "2026-04-17",
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      },
      {
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      },
      {
        "date": "2026-07-03",
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      },
      {
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        "relative_strength": 2.422477,
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 359497.55,
        "trend": 32.677723,
        "fair_value": 24.92929,
        "relative_strength": 2.494602,
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        "modifier": "Re-accelerating",
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        "direction": 54.669925,
        "energy": 36.786088,
        "activity_lines": [
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          33.81848,
          33.345421
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      },
      {
        "date": "2026-07-24",
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        "volume": 414253,
        "typical_volume": 350656.45,
        "trend": 32.816944,
        "fair_value": 25.023535,
        "relative_strength": 3.017141,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
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        "direction": 43.020057,
        "energy": 30.967199,
        "activity_lines": [
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          33.447503
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      },
      {
        "date": "2026-07-31",
        "close": 34.82,
        "volume": 207875,
        "typical_volume": 311873.15,
        "trend": 32.965134,
        "fair_value": 25.125088,
        "relative_strength": 3.385548,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.699293,
        "energy": 38.242334,
        "activity_lines": [
          34.500667,
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          34.077553,
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 35.5945,
        "volume": 184496,
        "typical_volume": 303666.2,
        "trend": 33.125374,
        "fair_value": 25.232045,
        "relative_strength": 1.964698,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 72.013781,
        "energy": 47.567698,
        "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."
    }
  }
}