{ "ticker": { "uuid": "d11337aa-0a09-4398-8ee6-24fa9abc97b4", "symbol": "RWEM", "name": "RAYLIANT NXTGEN MULTIFACTOR EMERGING MARKETS EQUITY 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": 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": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "up", "architecture_direction": 23.946, "architecture_energy": 9.852, "architecture_maturity": 19.967, "architecture_confidence": 83.526, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 57.3, "rotation_up": 32.63, "upward_expansion": 48.36, "deceleration": 77.08, "rotation_down": 21.37, "downward_expansion": 24.02 }, "activity_lines": [ 34.939333, 34.994387, 35.02437, 34.294042 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 35.9, "trend_reference": 33.32918, "distance_from_trend": 0.077134, "trend_direction": "Improving", "fair_value": 25.628258, "distance_from_fair_value": 0.400798, "fair_value_direction": "Weakening", "relative_strength": 3.27503, "relative_strength_direction": "Weakening", "price_momentum": 0.158065, "excess_performance": 0.03244, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.077134, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.070169, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.400798, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.075015, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.03275, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.087449, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.158065, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.692919, "read": "Demand-led" } ], "volume": { "latest": 24355, "relative_activity": 0.255623, "balance": 1.692919, "dry_up": 0.424214, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.160765, "annualized_volatility": 0.343477, "from_high_reference": -0.145645, "from_low_reference": 0.410643 }, "levels": { "trend_reference": 33.32918, "fair_value_reference": 25.628258, "structural_low": 28.0, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 2, "median_return": 0.057073, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.008103, "regime_survival": 0.0, "best_return": 0.09079, "worst_return": 0.023356, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 2, "median_return": 0.051027, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.040409, "regime_survival": 0.0, "best_return": 0.128658, "worst_return": -0.026603, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": 0.021247, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.000388, "regime_survival": 0.0, "best_return": 0.021247, "worst_return": 0.021247, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, 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"activity_lines": [ 34.32934, 35.084525, 34.666443, 33.869512 ] }, { "date": "2026-07-24", "close": 34.2, "volume": 43714, "typical_volume": 106309.95, "trend": 32.966913, "fair_value": 25.42888, "relative_strength": 3.398054, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.422964, "energy": 14.581905, "activity_lines": [ 34.022667, 34.870738, 34.715562, 33.959042 ] }, { "date": "2026-07-31", "close": 35.41, "volume": 49816, "typical_volume": 105787.25, "trend": 33.15058, "fair_value": 25.525866, "relative_strength": 5.641283, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.879803, "energy": 13.631713, "activity_lines": [ 34.412667, 34.885587, 34.857871, 34.11666 ] }, { "date": "2026-08-07", "close": 35.9, "volume": 24355, "typical_volume": 95276.85, "trend": 33.32918, "fair_value": 25.628258, "relative_strength": 3.27503, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.945628, "energy": 9.851995, "activity_lines": [ 34.939333, 34.994387, 35.02437, 34.294042 ] } ], "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." } } }