{ "ticker": { "uuid": "0a692e9c-bb3c-480f-80a9-6380b142671f", "symbol": "ZPRD", "name": "State Street SPDR FTSE UK All Share UCITS ETF GBP (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": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 84.727, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 85.167, "architecture_energy": 89.828, "architecture_maturity": 36.556, "architecture_confidence": 72.231, "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": 8.87, "rotation_up": 82.46, "upward_expansion": 96.26, "deceleration": 41.9, "rotation_down": 9.26, "downward_expansion": 20.59 }, "activity_lines": [ 7.041467, 6.965255, 6.873671, 6.818504 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 7.138, "trend_reference": 6.753386, "distance_from_trend": 0.056951, "trend_direction": "Improving", "fair_value": 5.541519, "distance_from_fair_value": 0.288095, "fair_value_direction": "Improving", "relative_strength": 1.840548, "relative_strength_direction": "Weakening", "price_momentum": 0.074514, "excess_performance": 0.009874, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.056951, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.032419, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.288095, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.048122, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.018405, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.041244, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.074514, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.322511, "read": "Demand-led" } ], "volume": { "latest": 1541, "relative_activity": 0.060728, "balance": 1.322511, "dry_up": 0.035182, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.015788, "annualized_volatility": 0.146398, "from_high_reference": -0.002794, "from_low_reference": 0.22602 }, "levels": { "trend_reference": 6.753386, "fair_value_reference": 5.541519, "structural_low": 6.307, "invalidation": "A 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"volume": 641, "typical_volume": 28159.4, "trend": 6.732302, "fair_value": 5.524946, "relative_strength": 3.97821, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.718724, "energy": 79.752035, "activity_lines": [ 6.9794, 6.916309, 6.838541, 6.79233 ] }, { "date": "2026-08-07", "close": 7.138, "volume": 1541, "typical_volume": 25375.35, "trend": 6.753386, "fair_value": 5.541519, "relative_strength": 1.840548, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.167335, "energy": 89.827731, "activity_lines": [ 7.041467, 6.965255, 6.873671, 6.818504 ] } ], "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." } } }