{ "ticker": { "uuid": "de34f5cd-cadf-419f-b832-55280ffd49c0", "symbol": "RLY", "name": "STATE STREET MULTI-ASSET REAL RETURN 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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 48.514, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "up", "architecture_direction": 40.241, "architecture_energy": 36.126, "architecture_maturity": 27.373, "architecture_confidence": 52.78, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The prior uptrend is attempting to re-accelerate.", "body": "Positive Trend survived a recompression and Fast Activity is strengthening again. Promotion requires renewed confirmation across the completed evidence set." }, "scores": { "balance": 38.78, "rotation_up": 66.74, "upward_expansion": 62.09, "deceleration": 58.82, "rotation_down": 7.11, "downward_expansion": 17.42 }, "activity_lines": [ 36.055333, 35.662542, 35.774402, 35.775389 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 36.32, "trend_reference": 35.549935, "distance_from_trend": 0.021662, "trend_direction": "Improving", "fair_value": 28.730811, "distance_from_fair_value": 0.264148, "fair_value_direction": "Weakening", "relative_strength": -2.9898, "relative_strength_direction": "Weakening", "price_momentum": 0.058362, "excess_performance": -0.067263, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.021662, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.042557, "read": "Rising" }, { "label": "Price vs 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"energy": 50.343691, "activity_lines": [ 34.904492, 35.292924, 35.692473, 35.552439 ] }, { "date": "2026-07-17", "close": 35.6, "volume": 1167353, "typical_volume": 1213176.2, "trend": 35.121985, "fair_value": 28.520279, "relative_strength": -0.846929, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.108744, "energy": 39.089986, "activity_lines": [ 35.090532, 35.288014, 35.669186, 35.592874 ] }, { "date": "2026-07-24", "close": 36.26, "volume": 644141, "typical_volume": 1150773.65, "trend": 35.272485, "fair_value": 28.589347, "relative_strength": 1.469659, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 35.684975, "energy": 16.688651, "activity_lines": [ 35.512, 35.417406, 35.711061, 35.666294 ] }, { "date": "2026-07-31", "close": 36.06, "volume": 633727, "typical_volume": 1117115.1, "trend": 35.416534, "fair_value": 28.659304, "relative_strength": -0.260928, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 39.867902, "energy": 28.604989, "activity_lines": [ 35.787333, 35.512737, 35.730911, 35.717101 ] }, { "date": "2026-08-07", "close": 36.32, "volume": 858175, "typical_volume": 1119966.9, "trend": 35.549935, "fair_value": 28.730811, "relative_strength": -2.9898, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 40.240613, "energy": 36.126306, "activity_lines": [ 36.055333, 35.662542, 35.774402, 35.775389 ] } ], "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." } } }