{ "ticker": { "uuid": "04346ae6-c084-480a-84de-d7edf2ec0fc4", "symbol": "EX21", "name": "iShares Public Limited Company - iShares S&P 500 UCITS ETF", "exchange": "VIE", "country": "AT", "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": "^ATX", "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": 83.803, "architecture_energy": 67.345, "architecture_maturity": 82.917, "architecture_confidence": 62.042, "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": 17.1, "rotation_up": 54.0, "upward_expansion": 82.84, "deceleration": 71.19, "rotation_down": 28.74, "downward_expansion": 11.84 }, "activity_lines": [ 65.556666, 65.259884, 64.335946, 62.896092 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 66.889999, "trend_reference": 61.202008, "distance_from_trend": 0.092938, "trend_direction": "Improving", "fair_value": 52.110421, "distance_from_fair_value": 0.28362, "fair_value_direction": "Improving", "relative_strength": -8.059445, "relative_strength_direction": "Weakening", "price_momentum": 0.153402, "excess_performance": -0.020845, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.092938, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.040087, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.28362, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.033883, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.080594, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.018607, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.153402, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 269.545455, "read": "Demand-led" } ], "volume": { "latest": 100, "relative_activity": 0.283326, "balance": 269.545455, "dry_up": 0.107664, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.018321, "annualized_volatility": 0.12167, "from_high_reference": -0.003872, "from_low_reference": 0.239564 }, "levels": { "trend_reference": 61.202008, "fair_value_reference": 52.110421, "structural_low": 55.419998, 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"fair_value": 51.615374, "relative_strength": -7.271517, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.374126, "energy": 64.293189, "activity_lines": [ 65.152666, 64.858646, 63.336102, 61.980183 ] }, { "date": "2026-07-24", "close": 65.18, "volume": 50, "typical_volume": 400.9, "trend": 60.737478, "fair_value": 51.775558, "relative_strength": -8.230014, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.531192, "energy": 64.818442, "activity_lines": [ 65.210666, 64.960656, 63.67554, 62.281887 ] }, { "date": "2026-07-31", "close": 64.32, "volume": 0, "typical_volume": 347.95, "trend": 60.952345, "fair_value": 51.933742, "relative_strength": -9.147549, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.079579, "energy": 59.46297, "activity_lines": [ 64.975333, 64.877199, 63.898615, 62.513018 ] }, { "date": "2026-08-07", "close": 66.889999, "volume": 100, "typical_volume": 352.95, "trend": 61.202008, "fair_value": 52.110421, "relative_strength": -8.059445, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.803402, "energy": 67.345424, "activity_lines": [ 65.556666, 65.259884, 64.335946, 62.896092 ] } ], "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." } } }