{
  "ticker": {
    "uuid": "f2e6b906-5474-4c97-ba36-0a53f6ec8bb2",
    "symbol": "IPAY",
    "name": "AMPLIFY DIGITAL PAYMENTS 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": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 76.235,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Value reclamation",
    "architecture_gate": "up",
    "architecture_direction": 72.62,
    "architecture_energy": 73.785,
    "architecture_maturity": 13.169,
    "architecture_confidence": 62.52,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating upward.",
        "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair."
      },
      "scores": {
        "balance": 28.85,
        "rotation_up": 75.8,
        "upward_expansion": 91.82,
        "deceleration": 42.17,
        "rotation_down": 9.64,
        "downward_expansion": 16.15
      },
      "activity_lines": [
        49.552773,
        48.409376,
        47.166761,
        46.538329
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 50.5,
    "trend_reference": 46.34657,
    "distance_from_trend": 0.089617,
    "trend_direction": "Weakening",
    "fair_value": 50.0834,
    "distance_from_fair_value": 0.008318,
    "fair_value_direction": "Improving",
    "relative_strength": -10.393442,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.071732,
    "excess_performance": -0.053893,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.089617,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.033686,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.008318,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.070478,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.103934,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.114379,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.071732,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.895086,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 309231,
      "relative_activity": 1.51695,
      "balance": 0.895086,
      "dry_up": 1.799651,
      "accumulation_observations": 3,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.047445,
      "annualized_volatility": 0.282162,
      "from_high_reference": -0.165513,
      "from_low_reference": 0.223946
    },
    "levels": {
      "trend_reference": 46.34657,
      "fair_value_reference": 50.0834,
      "structural_low": 41.26,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 8,
        "median_return": 0.025114,
        "positive_rate": 0.625,
        "directional_follow_through": 0.625,
        "median_excess_return": -0.011749,
        "regime_survival": 0.5,
        "best_return": 0.068659,
        "worst_return": -0.067623,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": 0.063123,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.015062,
        "regime_survival": 0.0,
        "best_return": 0.266631,
        "worst_return": -0.05224,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.053009,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.098799,
        "regime_survival": 0.0,
        "best_return": 0.134073,
        "worst_return": -0.142713,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.130495,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.085771,
        "regime_survival": 0.0,
        "best_return": 0.223387,
        "worst_return": 0.037604,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-02-07",
        "end": "2025-03-14",
        "tenure": "Developing",
        "return": -0.124835,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-03-21",
        "end": "2025-04-18",
        "tenure": "Developing",
        "return": -0.069967,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-25",
        "end": "2025-05-16",
        "tenure": "New",
        "return": 0.08574,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-23",
        "end": "2025-06-27",
        "tenure": "Developing",
        "return": 0.06529,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-07-04",
        "end": "2025-08-08",
        "tenure": "Developing",
        "return": -0.063828,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-08-15",
        "end": "2025-08-29",
        "tenure": "New",
        "return": 0.032666,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-09-05",
        "end": "2025-09-26",
        "tenure": "New",
        "return": -0.034665,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-10-03",
        "end": "2025-10-31",
        "tenure": "Developing",
        "return": -0.065909,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-11-07",
        "end": "2025-11-14",
        "tenure": "New",
        "return": -0.015523,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-11-21",
        "end": "2026-05-08",
        "tenure": "Established",
        "return": -0.065934,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-05-15",
        "end": "2026-06-12",
        "tenure": "Developing",
        "return": -0.021785,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-06-19",
        "end": "2026-06-26",
        "tenure": "New",
        "return": 0.030626,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-07-03",
        "end": "2026-07-17",
        "tenure": "New",
        "return": 0.01823,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-07-24",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.051864,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
        "close": 40.142743,
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        "typical_volume": 186049.0,
        "trend": 41.677987,
        "fair_value": 52.686223,
        "relative_strength": -9.346451,
        "stage": 1,
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      },
      {
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      },
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        "activity_lines": [
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      },
      {
        "date": "2026-04-24",
        "close": 46.94,
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        "typical_volume": 157636.15,
        "trend": 49.626254,
        "fair_value": 49.6095,
        "relative_strength": -19.850386,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-01",
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        "typical_volume": 155615.95,
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        "fair_value": 49.649844,
        "relative_strength": -18.905051,
        "stage": 4,
        "regime": "downward_expansion",
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      },
      {
        "date": "2026-05-08",
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        "volume": 343484,
        "typical_volume": 166003.55,
        "trend": 48.985788,
        "fair_value": 49.688649,
        "relative_strength": -21.831311,
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        "modifier": "Established contraction",
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        "energy": 26.512573,
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      },
      {
        "date": "2026-05-15",
        "close": 44.76,
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        "typical_volume": 172730.15,
        "trend": 48.62164,
        "fair_value": 49.71263,
        "relative_strength": -24.421629,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
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        "direction": -23.389648,
        "energy": 18.447174,
        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 172254.15,
        "trend": 48.212325,
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        "modifier": "Balance after decline",
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        "energy": 12.638018,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
        "close": 46.3549,
        "volume": 64151,
        "typical_volume": 166837.55,
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        "fair_value": 49.780141,
        "relative_strength": -22.199868,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
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        "energy": 19.254359,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-06-05",
        "close": 43.1686,
        "volume": 214602,
        "typical_volume": 163446.8,
        "trend": 47.66337,
        "fair_value": 49.791837,
        "relative_strength": -24.973699,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
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        "energy": 34.015074,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
        "close": 43.7849,
        "volume": 140244,
        "typical_volume": 165023.1,
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        "relative_strength": -23.674094,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
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      },
      {
        "date": "2026-06-19",
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        "fair_value": 49.82739,
        "relative_strength": -22.620644,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
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      },
      {
        "date": "2026-06-26",
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        "fair_value": 49.851194,
        "relative_strength": -17.608477,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -45.741065,
        "energy": 29.584137,
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      },
      {
        "date": "2026-07-03",
        "close": 48.3985,
        "volume": 83155,
        "typical_volume": 145379.75,
        "trend": 46.918688,
        "fair_value": 49.894016,
        "relative_strength": -14.004209,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
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        "energy": 5.946691,
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      },
      {
        "date": "2026-07-10",
        "close": 48.28,
        "volume": 503612,
        "typical_volume": 164033.05,
        "trend": 46.769456,
        "fair_value": 49.921942,
        "relative_strength": -14.702862,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 23.831026,
        "energy": 24.105279,
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          46.990553,
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      },
      {
        "date": "2026-07-17",
        "close": 49.2808,
        "volume": 66858,
        "typical_volume": 158396.6,
        "trend": 46.662515,
        "fair_value": 49.955336,
        "relative_strength": -10.889775,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 43.758772,
        "energy": 54.810386,
        "activity_lines": [
          48.042607,
          46.675247,
          46.054718,
          45.964787
        ]
      },
      {
        "date": "2026-07-24",
        "close": 48.01,
        "volume": 753767,
        "typical_volume": 179234.6,
        "trend": 46.495353,
        "fair_value": 49.981909,
        "relative_strength": -11.977273,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 33.670345,
        "energy": 58.139941,
        "activity_lines": [
          48.304667,
          47.051107,
          46.301815,
          46.051722
        ]
      },
      {
        "date": "2026-07-31",
        "close": 49.98,
        "volume": 337583,
        "typical_volume": 193386.2,
        "trend": 46.442237,
        "fair_value": 50.029189,
        "relative_strength": -8.781249,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 45.458836,
        "energy": 63.980028,
        "activity_lines": [
          48.982727,
          47.726058,
          46.725264,
          46.276538
        ]
      },
      {
        "date": "2026-08-07",
        "close": 50.5,
        "volume": 309231,
        "typical_volume": 203850.45,
        "trend": 46.34657,
        "fair_value": 50.0834,
        "relative_strength": -10.393442,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 72.619878,
        "energy": 73.785405,
        "activity_lines": [
          49.552773,
          48.409376,
          47.166761,
          46.538329
        ]
      }
    ],
    "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."
    }
  }
}