{ "ticker": { "uuid": "fab2af1c-6494-4ac1-a0bc-64fed67b54de", "symbol": "INQQ", "name": "THE INDIA INTERNET 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": "1c", "phase_label": "Stage 1C \u00b7 Breakout watch", "transition": "stage_1_to_2_watch", "transition_label": "Stage 1 \u2192 2 watch", "confidence": 88.036, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Emerging rotation", "architecture_gate": "mixed", "architecture_direction": 49.035, "architecture_energy": 50.483, "architecture_maturity": 12.986, "architecture_confidence": 56.526, "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": 25.35, "rotation_up": 67.13, "upward_expansion": 58.12, "deceleration": 25.97, "rotation_down": 22.11, "downward_expansion": 18.79 }, "activity_lines": [ 13.24964, 13.078056, 12.818973, 12.738095 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 13.615, "trend_reference": 12.81624, "distance_from_trend": 0.062324, "trend_direction": "Weakening", "fair_value": 14.175141, "distance_from_fair_value": -0.039516, "fair_value_direction": "Improving", "relative_strength": -13.075103, "relative_strength_direction": "Improving", "price_momentum": -0.016257, "excess_performance": -0.141882, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.062324, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.052407, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.039516, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.04533, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.130751, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.092048, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.016257, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 4.408209, "read": "Demand-led" } ], "volume": { "latest": 74009, "relative_activity": 0.50991, "balance": 4.408209, "dry_up": 0.475645, "accumulation_observations": 4, "distribution_observations": 0 }, "risk": { "range_context": 0.035378, "annualized_volatility": 0.243632, "from_high_reference": -0.158997, "from_low_reference": 0.210115 }, "levels": { "trend_reference": 12.81624, "fair_value_reference": 14.175141, "structural_low": 11.251, "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": 2, "median_return": 0.01155, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.031085, "regime_survival": 0.5, "best_return": 0.032188, "worst_return": -0.009088, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 1, "median_return": 0.024757, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.092858, "regime_survival": 0.0, "best_return": 0.024757, "worst_return": 0.024757, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": -0.026011, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.170537, "regime_survival": 0.0, "best_return": -0.026011, "worst_return": -0.026011, "sufficient": false }, { "horizon": "Full cycle", 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"date": "2026-07-10", "close": 13.24, "volume": 194696, "typical_volume": 154152.25, "trend": 13.022952, "fair_value": 14.150349, "relative_strength": -15.812775, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 12.614577, "energy": 28.663738, "activity_lines": [ 12.9688, 12.673305, 12.559675, 12.676865 ] }, { "date": "2026-07-17", "close": 13.08, "volume": 80981, "typical_volume": 152312.45, "trend": 12.961055, "fair_value": 14.156574, "relative_strength": -14.887501, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 24.762789, "energy": 50.068842, "activity_lines": [ 13.064, 12.772025, 12.618645, 12.680545 ] }, { "date": "2026-07-24", "close": 12.61, "volume": 75752, "typical_volume": 149510.1, "trend": 12.89041, "fair_value": 14.159942, "relative_strength": -16.846127, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 18.046093, "energy": 37.503226, "activity_lines": [ 12.940533, 12.781775, 12.632757, 12.657897 ] }, { "date": "2026-07-31", "close": 13.3599, "volume": 45401, "typical_volume": 147503.2, "trend": 12.841407, "fair_value": 14.165794, "relative_strength": -12.266853, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 44.123402, "energy": 49.014801, "activity_lines": [ 13.072367, 12.917324, 12.717289, 12.688186 ] }, { "date": "2026-08-07", "close": 13.615, "volume": 74009, "typical_volume": 145141.2, "trend": 12.81624, "fair_value": 14.175141, "relative_strength": -13.075103, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 49.034779, "energy": 50.482954, "activity_lines": [ 13.24964, 13.078056, 12.818973, 12.738095 ] } ], "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." } } }