{ "ticker": { "uuid": "d69df0c8-7e51-44c8-a772-f7b25f6a5ab0", "symbol": "IGR", "name": "CBRE Global Real Estate Income 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": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 62.671, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 62.865, "architecture_energy": 61.824, "architecture_maturity": 33.124, "architecture_confidence": 70.457, "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": 17.3, "rotation_up": 71.95, "upward_expansion": 90.86, "deceleration": 39.75, "rotation_down": 11.53, "downward_expansion": 12.86 }, "activity_lines": [ 4.687418, 4.633837, 4.600113, 4.563813 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 4.71, "trend_reference": 4.533011, "distance_from_trend": 0.039044, "trend_direction": "Improving", "fair_value": 4.134055, "distance_from_fair_value": 0.139317, "fair_value_direction": "Weakening", "relative_strength": -5.501104, "relative_strength_direction": "Weakening", "price_momentum": 0.044147, "excess_performance": -0.081478, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.039044, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.034454, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.139317, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.025697, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.055011, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.00824, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.044147, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.091002, "read": "Demand-led" } ], "volume": { "latest": 2570841, "relative_activity": 0.94989, "balance": 1.091002, "dry_up": 0.897675, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.034466, "annualized_volatility": 0.231366, "from_high_reference": -0.021457, "from_low_reference": 0.227974 }, "levels": { "trend_reference": 4.533011, "fair_value_reference": 4.134055, "structural_low": 3.993829, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 22, "median_return": -0.008946, "positive_rate": 0.363636, "directional_follow_through": 0.363636, "median_excess_return": -0.023467, "regime_survival": 0.636364, "best_return": 0.139237, "worst_return": -0.090663, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.039466, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.074605, "regime_survival": 0.555556, "best_return": 0.247335, "worst_return": -0.124621, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.032617, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.047838, "regime_survival": 0.4, "best_return": 0.179147, "worst_return": -0.207775, "sufficient": true }, { "horizon": 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"balance", "label": "Balance", "color": "blue", "start": "2025-08-22", "end": "2025-09-05", "tenure": "New", "return": 0.018109, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-12", "end": "2025-11-07", "tenure": "Developing", "return": -0.033726, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-14", "end": "2025-11-21", "tenure": "New", "return": -0.033236, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-28", "end": "2025-12-05", "tenure": "New", "return": -0.053419, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-12", "end": "2026-01-30", "tenure": "Developing", "return": 0.160431, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-02-06", "end": "2026-02-27", "tenure": "New", "return": 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"upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 31.119517, "energy": 13.977014, "activity_lines": [ 4.53371, 4.538914, 4.526798, 4.509388 ] }, { "date": "2026-07-17", "close": 4.699747, "volume": 2746968, "typical_volume": 2882115.25, "trend": 4.476048, "fair_value": 4.112345, "relative_strength": -2.389045, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.963116, "energy": 33.909355, "activity_lines": [ 4.589823, 4.565195, 4.546111, 4.525404 ] }, { "date": "2026-07-24", "close": 4.7, "volume": 1844169, "typical_volume": 2779878.5, "trend": 4.499057, "fair_value": 4.119448, "relative_strength": -1.658501, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.117617, "energy": 49.593027, "activity_lines": [ 4.638616, 4.591639, 4.565533, 4.539852 ] }, { "date": "2026-07-31", "close": 4.68, "volume": 2556119, "typical_volume": 2734069.85, "trend": 4.519547, "fair_value": 4.12693, "relative_strength": -2.983912, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.120829, "energy": 53.91638, "activity_lines": [ 4.662954, 4.610482, 4.582277, 4.551526 ] }, { "date": "2026-08-07", "close": 4.71, "volume": 2570841, "typical_volume": 2706462.85, "trend": 4.533011, "fair_value": 4.134055, "relative_strength": -5.501104, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.86518, "energy": 61.824152, "activity_lines": [ 4.687418, 4.633837, 4.600113, 4.563813 ] } ], "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." } } }