{ "ticker": { "uuid": "116f7824-14fa-4b4c-87c0-c708bffa0e2c", "symbol": "ICOP", "name": "ISHARES COPPER AND METALS MINING ETF", "exchange": "NASDAQ", "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": "QQQ", "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": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "mixed", "architecture_direction": 26.21, "architecture_energy": 11.84, "architecture_maturity": 21.615, "architecture_confidence": 67.868, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 56.68, "rotation_up": 34.82, "upward_expansion": 34.54, "deceleration": 48.28, "rotation_down": 33.33, "downward_expansion": 18.21 }, "activity_lines": [ 51.158487, 50.569018, 51.027164, 50.798434 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 55.34, "trend_reference": 50.746478, "distance_from_trend": 0.090519, "trend_direction": "Improving", "fair_value": 32.565903, "distance_from_fair_value": 0.699323, "fair_value_direction": "Weakening", "relative_strength": 7.61724, "relative_strength_direction": "Weakening", "price_momentum": 0.074346, "excess_performance": -0.113107, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.090519, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.065087, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.699323, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.04323, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.076172, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.050009, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.074346, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.991264, "read": "Supply-led" } ], "volume": { "latest": 480664, "relative_activity": 0.850939, "balance": 0.991264, "dry_up": 0.631042, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.082036, "annualized_volatility": 0.453534, "from_high_reference": -0.074431, "from_low_reference": 0.847787 }, "levels": { "trend_reference": 50.746478, "fair_value_reference": 32.565903, "structural_low": 41.847222, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 3, "median_return": 0.080044, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.005924, "regime_survival": 0.333333, "best_return": 0.135179, "worst_return": -0.084752, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 1, "median_return": 0.018359, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.078884, "regime_survival": 0.0, "best_return": 0.018359, "worst_return": 0.018359, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": 0.268833, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.019162, "regime_survival": 0.0, "best_return": 0.268833, "worst_return": 0.268833, "sufficient": false }, { "horizon": "Full 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"typical_volume": 564863.05, "trend": 50.746478, "fair_value": 32.565903, "relative_strength": 7.61724, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 26.210065, "energy": 11.839883, "activity_lines": [ 51.158487, 50.569018, 51.027164, 50.798434 ] } ], "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." } } }