{
  "ticker": {
    "uuid": "dee7b671-b4fb-4816-b731-f64f1315db20",
    "symbol": "ONOF",
    "name": "GLOBAL X FDS ADAPTIVE US RISK MGMT 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": 72.849,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 77.314,
    "architecture_energy": 49.192,
    "architecture_maturity": 34.669,
    "architecture_confidence": 83.021,
    "architecture_tenure": "Developing",
    "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": 32.65,
        "rotation_up": 55.7,
        "upward_expansion": 79.61,
        "deceleration": 56.21,
        "rotation_down": 22.78,
        "downward_expansion": 6.27
      },
      "activity_lines": [
        40.22524,
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        39.613423,
        39.045139
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      "activity_state": "Moderate",
      "activity_direction": "Stable",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 41.2687,
    "trend_reference": 38.466995,
    "distance_from_trend": 0.072834,
    "trend_direction": "Improving",
    "fair_value": 33.854686,
    "distance_from_fair_value": 0.218995,
    "fair_value_direction": "Improving",
    "relative_strength": -2.576065,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.087736,
    "excess_performance": -0.037889,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.072834,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.020719,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.218995,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.024047,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.025761,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.008777,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.087736,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.911577,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 29446,
      "relative_activity": 0.506773,
      "balance": 2.911577,
      "dry_up": 0.838797,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.026093,
      "annualized_volatility": 0.124335,
      "from_high_reference": -0.001,
      "from_low_reference": 0.183933
    },
    "levels": {
      "trend_reference": 38.466995,
      "fair_value_reference": 33.854686,
      "structural_low": 35.6818,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 29,
        "median_return": 0.006582,
        "positive_rate": 0.586207,
        "directional_follow_through": 0.586207,
        "median_excess_return": -0.00031,
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        "best_return": 0.083457,
        "worst_return": -0.046703,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "worst_return": -0.13076,
        "sufficient": true
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        "horizon": "Extended",
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        "horizon": "Full cycle",
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        "worst_return": 0.066441,
        "sufficient": false
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      },
      {
        "date": "2026-04-24",
        "close": 38.1671,
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        "typical_volume": 52674.75,
        "trend": 37.270509,
        "fair_value": 32.727325,
        "relative_strength": -3.261898,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
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        "activity_lines": [
          37.348587,
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      },
      {
        "date": "2026-05-01",
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        "fair_value": 32.804234,
        "relative_strength": -3.567408,
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          37.817154,
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      },
      {
        "date": "2026-05-08",
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        "typical_volume": 51266.95,
        "trend": 37.429082,
        "fair_value": 32.88746,
        "relative_strength": -3.453786,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
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        "energy": 55.484426,
        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 51954.3,
        "trend": 37.518582,
        "fair_value": 32.967484,
        "relative_strength": -3.560683,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
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        "energy": 78.188361,
        "activity_lines": [
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          37.600167
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 67477.95,
        "trend": 37.597174,
        "fair_value": 33.049323,
        "relative_strength": -3.360552,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 78.188844,
        "energy": 82.935075,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "volume": 35419,
        "typical_volume": 67515.5,
        "trend": 37.68618,
        "fair_value": 33.13169,
        "relative_strength": -3.215362,
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        "regime": "upward_expansion",
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        "energy": 88.299347,
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 68645.8,
        "trend": 37.765888,
        "fair_value": 33.207255,
        "relative_strength": -3.085186,
        "stage": 2,
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        "modifier": "Re-accelerating",
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          38.022035
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      },
      {
        "date": "2026-06-12",
        "close": 39.508128,
        "volume": 47140,
        "typical_volume": 69817.5,
        "trend": 37.851271,
        "fair_value": 33.279295,
        "relative_strength": -3.116759,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "energy": 62.466742,
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      },
      {
        "date": "2026-06-19",
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        "trend": 37.975585,
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        "relative_strength": -2.829296,
        "stage": 2,
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      },
      {
        "date": "2026-06-26",
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        "volume": 44386,
        "typical_volume": 71248.85,
        "trend": 38.02208,
        "fair_value": 33.423994,
        "relative_strength": -2.726959,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 56.580992,
        "energy": 39.63573,
        "activity_lines": [
          39.499126,
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          38.67457,
          38.338689
        ]
      },
      {
        "date": "2026-07-03",
        "close": 39.776,
        "volume": 11424,
        "typical_volume": 65520.9,
        "trend": 38.090203,
        "fair_value": 33.498441,
        "relative_strength": -2.890585,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 52.49214,
        "energy": 38.459987,
        "activity_lines": [
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          38.83524,
          38.451845
        ]
      },
      {
        "date": "2026-07-10",
        "close": 40.25,
        "volume": 21076,
        "typical_volume": 64695.2,
        "trend": 38.181066,
        "fair_value": 33.571156,
        "relative_strength": -2.98243,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.572558,
        "energy": 44.089983,
        "activity_lines": [
          39.79171,
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          39.029928,
          38.591187
        ]
      },
      {
        "date": "2026-07-17",
        "close": 39.6488,
        "volume": 19109,
        "typical_volume": 62910.3,
        "trend": 38.251476,
        "fair_value": 33.638643,
        "relative_strength": -2.857036,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 55.355686,
        "energy": 37.956206,
        "activity_lines": [
          39.772852,
          39.716787,
          39.156012,
          38.68588
        ]
      },
      {
        "date": "2026-07-24",
        "close": 39.3625,
        "volume": 74411,
        "typical_volume": 57059.8,
        "trend": 38.293919,
        "fair_value": 33.70241,
        "relative_strength": -2.911794,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 45.155894,
        "energy": 33.186038,
        "activity_lines": [
          39.649181,
          39.658634,
          39.245484,
          38.757559
        ]
      },
      {
        "date": "2026-07-31",
        "close": 39.85,
        "volume": 71987,
        "typical_volume": 58082.15,
        "trend": 38.367285,
        "fair_value": 33.773641,
        "relative_strength": -2.697551,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 55.947445,
        "energy": 35.799561,
        "activity_lines": [
          39.72816,
          39.688105,
          39.370063,
          38.857951
        ]
      },
      {
        "date": "2026-08-07",
        "close": 41.2687,
        "volume": 29446,
        "typical_volume": 58104.95,
        "trend": 38.466995,
        "fair_value": 33.854686,
        "relative_strength": -2.576065,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 77.314168,
        "energy": 49.192382,
        "activity_lines": [
          40.22524,
          39.972857,
          39.613423,
          39.045139
        ]
      }
    ],
    "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."
    }
  }
}