{ "ticker": { "uuid": "04c8883d-1023-4800-8ce9-265516fd83e5", "symbol": "IHE", "name": "iShares U.S. Pharmaceuticals ETF", "exchange": "MEX", "country": "MX", "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": "^MXX", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 67.286, "architecture_energy": 88.243, "architecture_maturity": 26.58, "architecture_confidence": 79.806, "architecture_tenure": "Developing", "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": 16.88, "rotation_up": 77.11, "upward_expansion": 95.23, "deceleration": 44.69, "rotation_down": 9.63, "downward_expansion": 21.89 }, "activity_lines": [ 1764.733333, 1737.225826, 1667.260037, 1631.536755 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 1760.0, "trend_reference": 1589.520317, "distance_from_trend": 0.107252, "trend_direction": "Improving", "fair_value": 1805.646535, "distance_from_fair_value": -0.02528, "fair_value_direction": "Improving", "relative_strength": 14.476163, "relative_strength_direction": "Improving", "price_momentum": 0.171351, "excess_performance": 0.226018, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.107252, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.0468, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.02528, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.183206, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.144762, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.173584, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.171351, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.184111, "read": "Supply-led" } ], "volume": { "latest": 0, "relative_activity": 0.0, "balance": 0.184111, "dry_up": 0.937804, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.014904, "annualized_volatility": 0.15355, "from_high_reference": -0.009009, "from_low_reference": 0.438671 }, "levels": { "trend_reference": 1589.520317, "fair_value_reference": 1805.646535, "structural_low": 1481.572144, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 22, "median_return": 0.0, "positive_rate": 0.272727, "directional_follow_through": 0.272727, "median_excess_return": -0.019182, "regime_survival": 0.681818, "best_return": 0.128211, "worst_return": -0.673382, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": -0.017797, "positive_rate": 0.375, "directional_follow_through": 0.375, "median_excess_return": -0.079578, "regime_survival": 0.375, "best_return": 0.090518, "worst_return": -0.673293, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.051786, "positive_rate": 0.2, "directional_follow_through": 0.2, "median_excess_return": -0.216136, "regime_survival": 0.0, "best_return": 0.075301, "worst_return": -0.653681, "sufficient": true }, { "horizon": 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"close": 1760.0, "volume": 0, "typical_volume": 51.45, "trend": 1589.520317, "fair_value": 1805.646535, "relative_strength": 14.476163, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.285779, "energy": 88.242756, "activity_lines": [ 1764.733333, 1737.225826, 1667.260037, 1631.536755 ] } ], "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." } } }