{ "ticker": { "uuid": "d7969466-1429-4133-b1c0-b77f0f504dd0", "symbol": "VNQ", "name": "VANGUARD INDEX FUNDS REAL ESTATE 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": 65.654, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 57.532, "architecture_energy": 46.688, "architecture_maturity": 35.393, "architecture_confidence": 71.472, "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": 17.31, "rotation_up": 55.55, "upward_expansion": 77.71, "deceleration": 57.59, "rotation_down": 18.21, "downward_expansion": 6.71 }, "activity_lines": [ 99.182667, 98.647022, 97.308749, 96.001755 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 98.43, "trend_reference": 94.424806, "distance_from_trend": 0.042417, "trend_direction": "Improving", "fair_value": 85.032592, "distance_from_fair_value": 0.157556, "fair_value_direction": "Improving", "relative_strength": -4.545751, "relative_strength_direction": "Improving", "price_momentum": 0.07847, "excess_performance": -0.047155, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.042417, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.036654, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.157556, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.004923, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.045458, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.001669, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.07847, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.839042, "read": "Supply-led" } ], "volume": { "latest": 16786577, "relative_activity": 1.054998, "balance": 0.839042, "dry_up": 0.938445, "accumulation_observations": 2, "distribution_observations": 5 }, "risk": { "range_context": 0.032218, "annualized_volatility": 0.162843, "from_high_reference": -0.033104, "from_low_reference": 0.150765 }, "levels": { "trend_reference": 94.424806, "fair_value_reference": 85.032592, "structural_low": 86.84, 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95.16646, 94.126797 ] }, { "date": "2026-07-10", "close": 97.32, "volume": 18363433, "typical_volume": 17209807.05, "trend": 92.846774, "fair_value": 84.416587, "relative_strength": -3.735665, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.004093, "energy": 43.495459, "activity_lines": [ 97.452565, 96.774682, 95.476372, 94.436075 ] }, { "date": "2026-07-17", "close": 100.02, "volume": 14373233, "typical_volume": 16968397.7, "trend": 93.285468, "fair_value": 84.562861, "relative_strength": 0.575798, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.480617, "energy": 64.335416, "activity_lines": [ 98.366983, 97.46959, 96.026999, 94.898864 ] }, { "date": "2026-07-24", "close": 100.81, "volume": 12192866, "typical_volume": 16405471.15, "trend": 93.715327, "fair_value": 84.722641, "relative_strength": 2.040737, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.231507, "energy": 68.212946, "activity_lines": [ 99.386667, 98.230961, 96.627395, 95.384318 ] }, { "date": "2026-07-31", "close": 98.95, "volume": 16375502, "typical_volume": 16086122.85, "trend": 94.094398, "fair_value": 84.880145, "relative_strength": -0.814325, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.9471, "energy": 54.424228, "activity_lines": [ 99.380667, 98.513771, 97.011336, 95.722038 ] }, { "date": "2026-08-07", "close": 98.43, "volume": 16786577, "typical_volume": 15911474.35, "trend": 94.424806, "fair_value": 85.032592, "relative_strength": -4.545751, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.531848, "energy": 46.6882, "activity_lines": [ 99.182667, 98.647022, 97.308749, 96.001755 ] } ], "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." } } }