{ "ticker": { "uuid": "fb579d00-3ac3-40fe-87fd-1f4c85c6f152", "symbol": "CLOI", "name": "VANECK ETF TR CLO 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": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 77.741, "architecture_energy": 70.743, "architecture_maturity": 40.286, "architecture_confidence": 77.643, "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": 19.99, "rotation_up": 63.69, "upward_expansion": 86.74, "deceleration": 51.9, "rotation_down": 21.75, "downward_expansion": 13.4 }, "activity_lines": [ 52.751224, 52.701943, 52.600385, 52.468007 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 52.84, "trend_reference": 52.295254, "distance_from_trend": 0.010417, "trend_direction": "Improving", "fair_value": 48.887151, "distance_from_fair_value": 0.080857, "fair_value_direction": "Weakening", "relative_strength": -9.249333, "relative_strength_direction": "Improving", "price_momentum": 0.015928, "excess_performance": -0.109697, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.010417, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.007392, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.080857, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.006927, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.092493, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.00107, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.015928, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.275342, "read": "Demand-led" } ], "volume": { "latest": 2013403, "relative_activity": 2.14374, "balance": 3.275342, "dry_up": 1.332918, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.002854, "annualized_volatility": 0.011159, "from_high_reference": 0.0, "from_low_reference": 0.045053 }, "levels": { "trend_reference": 52.295254, "fair_value_reference": 48.887151, "structural_low": 51.707551, 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66.488014, "energy": 63.974817, "activity_lines": [ 52.652573, 52.596161, 52.431689, 52.302751 ] }, { "date": "2026-07-10", "close": 52.515616, "volume": 1031592, "typical_volume": 920792.1, "trend": 52.153594, "fair_value": 48.655619, "relative_strength": -8.617078, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.873933, "energy": 55.215393, "activity_lines": [ 52.607353, 52.594193, 52.45386, 52.328203 ] }, { "date": "2026-07-17", "close": 52.684925, "volume": 1008564, "typical_volume": 931234.45, "trend": 52.190432, "fair_value": 48.714025, "relative_strength": -6.640967, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.124147, "energy": 53.226395, "activity_lines": [ 52.623233, 52.618267, 52.489897, 52.362483 ] }, { "date": "2026-07-24", "close": 52.694884, "volume": 873661, "typical_volume": 883047.1, "trend": 52.224679, "fair_value": 48.771606, "relative_strength": -5.85907, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.809372, "energy": 49.42394, "activity_lines": [ 52.641122, 52.637774, 52.523816, 52.395028 ] }, { "date": "2026-07-31", "close": 52.774559, "volume": 1111884, "typical_volume": 881423.05, "trend": 52.258712, "fair_value": 48.829358, "relative_strength": -6.464821, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.462607, "energy": 57.899327, "activity_lines": [ 52.686917, 52.66647, 52.561177, 52.430504 ] }, { "date": "2026-08-07", "close": 52.84, "volume": 2013403, "typical_volume": 939200.9, "trend": 52.295254, "fair_value": 48.887151, "relative_strength": -9.249333, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.740909, "energy": 70.742684, "activity_lines": [ 52.751224, 52.701943, 52.600385, 52.468007 ] } ], "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." } } }