{ "ticker": { "uuid": "15eedacb-c2fa-440d-8b8b-f0895f0e8f29", "symbol": "HEAL", "name": "iShares Healthcare Innovation UCITS ETF", "exchange": "EBS", "country": "CH", "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": "^SSMI", "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": "Early expansion", "architecture_gate": "up", "architecture_direction": 84.976, "architecture_energy": 89.699, "architecture_maturity": 14.059, "architecture_confidence": 80.646, "architecture_tenure": "New", "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": 13.97, "rotation_up": 76.16, "upward_expansion": 94.05, "deceleration": 45.41, "rotation_down": 12.92, "downward_expansion": 20.72 }, "activity_lines": [ 9.805267, 9.672782, 9.348105, 9.196254 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 10.014, "trend_reference": 9.0975, "distance_from_trend": 0.100742, "trend_direction": "Improving", "fair_value": 7.944096, "distance_from_fair_value": 0.260559, "fair_value_direction": "Improving", "relative_strength": 1.836672, "relative_strength_direction": "Improving", "price_momentum": 0.097425, "excess_performance": 0.014541, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.100742, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.020143, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.260559, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.14468, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.018367, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.022412, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.097425, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 4.892282, "read": "Demand-led" } ], "volume": { "latest": 85434, "relative_activity": 1.538316, "balance": 4.892282, "dry_up": 2.77651, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.023314, "annualized_volatility": 0.176408, "from_high_reference": -0.000399, "from_low_reference": 0.310561 }, "levels": { "trend_reference": 9.0975, "fair_value_reference": 7.944096, "structural_low": 8.367, "invalidation": "A 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9.145067, 8.979964, 8.8708, 8.906327 ] }, { "date": "2026-07-03", "close": 9.865, "volume": 3593, "typical_volume": 29881.05, "trend": 8.990667, "fair_value": 7.872891, "relative_strength": 1.5371, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 64.760153, "energy": 78.142865, "activity_lines": [ 9.407933, 9.1638, 8.967662, 8.964432 ] }, { "date": "2026-07-10", "close": 9.72, "volume": 25253, "typical_volume": 30044.45, "trend": 9.013467, "fair_value": 7.886699, "relative_strength": 1.295499, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 53.786299, "energy": 80.441619, "activity_lines": [ 9.561467, 9.299436, 9.046462, 9.011486 ] }, { "date": "2026-07-17", "close": 9.599, "volume": 36741, "typical_volume": 30912.35, "trend": 9.0349, "fair_value": 7.898878, "relative_strength": -0.801619, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 66.671045, "energy": 87.570264, "activity_lines": [ 9.628867, 9.389836, 9.111019, 9.049262 ] }, { "date": "2026-07-24", "close": 9.621, "volume": 46860, "typical_volume": 30529.25, "trend": 9.051633, "fair_value": 7.911506, "relative_strength": -0.490963, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.317342, "energy": 86.820137, "activity_lines": [ 9.660133, 9.467855, 9.1757, 9.087075 ] }, { "date": "2026-07-31", "close": 9.807, "volume": 447765, "typical_volume": 51837.65, "trend": 9.0771, "fair_value": 7.92691, "relative_strength": 1.236491, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.292858, "energy": 88.809658, "activity_lines": [ 9.708067, 9.561036, 9.255014, 9.135809 ] }, { "date": "2026-08-07", "close": 10.014, "volume": 85434, "typical_volume": 55537.35, "trend": 9.0975, "fair_value": 7.944096, "relative_strength": 1.836672, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.975807, "energy": 89.699245, "activity_lines": [ 9.805267, 9.672782, 9.348105, 9.196254 ] } ], "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." } } }