{ "ticker": { "uuid": "09818ce4-8008-4a67-90fc-3528ed1ae004", "symbol": "ASHS", "name": "DBX ETF TRUST XTRACKERS HARVT CHINA A SHS SMAL CAP 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": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 70.945, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -19.825, "architecture_energy": 33.112, "architecture_maturity": 15.668, "architecture_confidence": 54.859, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 47.73, "rotation_up": 16.87, "upward_expansion": 18.51, "deceleration": 64.62, "rotation_down": 63.93, "downward_expansion": 41.17 }, "activity_lines": [ 42.125887, 43.308469, 43.946775, 43.781697 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 43.79, "trend_reference": 43.625463, "distance_from_trend": 0.003772, "trend_direction": "Improving", "fair_value": 31.721796, "distance_from_fair_value": 0.380439, "fair_value_direction": "Weakening", "relative_strength": -3.857851, "relative_strength_direction": "Weakening", "price_momentum": 0.022653, "excess_performance": -0.102972, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.003772, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.051396, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.380439, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.134223, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.038579, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.15545, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.022653, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.857771, "read": "Supply-led" } ], "volume": { "latest": 69231, "relative_activity": 1.027146, "balance": 0.857771, "dry_up": 0.871066, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.054351, "annualized_volatility": 0.292191, "from_high_reference": -0.1005, "from_low_reference": 0.371867 }, "levels": { "trend_reference": 43.625463, "fair_value_reference": 31.721796, "structural_low": 39.28, "invalidation": "A 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"activity_lines": [ 44.421027, 44.771522, 44.49899, 44.110578 ] }, { "date": "2026-07-24", "close": 40.8009, "volume": 39209, "typical_volume": 70021.5, "trend": 43.50813, "fair_value": 31.560185, "relative_strength": -5.933725, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.168884, "energy": 28.299939, "activity_lines": [ 42.923553, 44.018149, 44.207836, 43.94052 ] }, { "date": "2026-07-31", "close": 40.82, "volume": 53519, "typical_volume": 69522.65, "trend": 43.56363, "fair_value": 31.626613, "relative_strength": -7.041078, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.194937, "energy": 38.447194, "activity_lines": [ 41.827053, 43.349969, 43.93002, 43.767093 ] }, { "date": "2026-08-07", "close": 43.79, "volume": 69231, "typical_volume": 67401.3, "trend": 43.625463, "fair_value": 31.721796, "relative_strength": -3.857851, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.824598, "energy": 33.111617, "activity_lines": [ 42.125887, 43.308469, 43.946775, 43.781697 ] } ], "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." } } }