{
  "ticker": {
    "uuid": "ddb70571-ce27-411c-899c-2f6dbeb7fcce",
    "symbol": "UTF",
    "name": "Cohen & Steers Infrastructure Fund Inc",
    "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": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 74.464,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 60.609,
    "architecture_energy": 48.589,
    "architecture_maturity": 49.431,
    "architecture_confidence": 71.125,
    "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": 17.8,
        "rotation_up": 54.15,
        "upward_expansion": 80.16,
        "deceleration": 63.77,
        "rotation_down": 23.86,
        "downward_expansion": 6.83
      },
      "activity_lines": [
        27.638438,
        27.555176,
        27.230429,
        26.860811
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 27.23,
    "trend_reference": 26.347361,
    "distance_from_trend": 0.0335,
    "trend_direction": "Improving",
    "fair_value": 21.882989,
    "distance_from_fair_value": 0.244346,
    "fair_value_direction": "Weakening",
    "relative_strength": -3.121724,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.078191,
    "excess_performance": -0.047433,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.0335,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.058061,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.244346,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.020605,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.031217,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.005103,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.078191,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.663328,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1363315,
      "relative_activity": 0.970174,
      "balance": 1.663328,
      "dry_up": 0.858295,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.022822,
      "annualized_volatility": 0.123378,
      "from_high_reference": -0.031306,
      "from_low_reference": 0.221684
    },
    "levels": {
      "trend_reference": 26.347361,
      "fair_value_reference": 21.882989,
      "structural_low": 24.604283,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 25,
        "median_return": 0.004987,
        "positive_rate": 0.52,
        "directional_follow_through": 0.52,
        "median_excess_return": -0.004215,
        "regime_survival": 0.76,
        "best_return": 0.064761,
        "worst_return": -0.07382,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 9,
        "median_return": 0.022603,
        "positive_rate": 0.555556,
        "directional_follow_through": 0.555556,
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        "regime_survival": 0.555556,
        "best_return": 0.102563,
        "worst_return": -0.105564,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": -0.024064,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.031335,
        "regime_survival": 0.2,
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        "worst_return": -0.202892,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "worst_return": 0.038839,
        "sufficient": false
      }
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        "color": "amber",
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        "end": "2024-11-29",
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        "active": false
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        "regime": "upward_expansion",
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      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-01-24",
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        "active": false
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      {
        "regime": "balance",
        "label": "Balance",
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        "active": false
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      {
        "regime": "rotation_up",
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      {
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        "regime": "rotation_down",
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        "active": false
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        "regime": "downward_expansion",
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        "end": "2025-12-26",
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      },
      {
        "date": "2026-07-17",
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 1434021.4,
        "trend": 26.082622,
        "fair_value": 21.757726,
        "relative_strength": 4.124959,
        "stage": 2,
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        "modifier": "Established expansion",
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        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 27.79,
        "volume": 1255392,
        "typical_volume": 1405663.15,
        "trend": 26.222557,
        "fair_value": 21.822253,
        "relative_strength": 2.112635,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.809209,
        "energy": 66.270582,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 27.23,
        "volume": 1363315,
        "typical_volume": 1405227.45,
        "trend": 26.347361,
        "fair_value": 21.882989,
        "relative_strength": -3.121724,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.609243,
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        "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."
    }
  }
}