{ "ticker": { "uuid": "0358f70c-5e2a-4db9-8b72-f63fcd523024", "symbol": "EUNY", "name": "iShares EM Dividend UCITS ETF USD (Dist)", "exchange": "GER", "country": "DE", "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": "^GDAXI", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 54.651, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "up", "architecture_direction": 52.797, "architecture_energy": 47.725, "architecture_maturity": 23.839, "architecture_confidence": 55.123, "architecture_tenure": "Developing", "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": 36.32, "rotation_up": 66.74, "upward_expansion": 72.15, "deceleration": 47.81, "rotation_down": 9.44, "downward_expansion": 15.49 }, "activity_lines": [ 16.575866, 16.409181, 16.365657, 16.37297 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 16.705999, "trend_reference": 16.330602, "distance_from_trend": 0.022987, "trend_direction": "Improving", "fair_value": 13.376688, "distance_from_fair_value": 0.248889, "fair_value_direction": "Weakening", "relative_strength": -0.532541, "relative_strength_direction": "Weakening", "price_momentum": 0.026702, "excess_performance": -0.037937, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.022987, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.031826, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.248889, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.042062, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.005325, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.116037, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.026702, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.906962, "read": "Supply-led" } ], "volume": { "latest": 286047, "relative_activity": 1.035485, "balance": 0.906962, "dry_up": 1.121772, "accumulation_observations": 4, "distribution_observations": 4 }, "risk": { "range_context": 0.02052, "annualized_volatility": 0.115752, "from_high_reference": -0.017525, "from_low_reference": 0.230242 }, "levels": { "trend_reference": 16.330602, "fair_value_reference": 13.376688, "structural_low": 15.666, "invalidation": "A 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after advance", "gate": "up", "direction": -2.166692, "energy": 12.588981, "activity_lines": [ 16.168933, 16.182599, 16.285489, 16.29232 ] }, { "date": "2026-07-24", "close": 16.628, "volume": 326396, "typical_volume": 288984.55, "trend": 16.231565, "fair_value": 13.295343, "relative_strength": 4.277943, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 34.869494, "energy": 19.484305, "activity_lines": [ 16.3328, 16.263423, 16.312073, 16.322048 ] }, { "date": "2026-07-31", "close": 16.6, "volume": 335247, "typical_volume": 284675.8, "trend": 16.285131, "fair_value": 13.335144, "relative_strength": 1.710012, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.53843, "energy": 28.894907, "activity_lines": [ 16.4596, 16.329492, 16.334217, 16.345818 ] }, { "date": "2026-08-07", "close": 16.705999, "volume": 286047, "typical_volume": 276244.5, "trend": 16.330602, "fair_value": 13.376688, "relative_strength": -0.532541, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 52.796577, "energy": 47.725466, "activity_lines": [ 16.575866, 16.409181, 16.365657, 16.37297 ] } ], "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." } } }