{ "ticker": { "uuid": "16d682cb-4d29-4651-822d-0353546b16a8", "symbol": "IEM", "name": "iShares MSCI Emerging Markets ETF (AU)", "exchange": "ASX", "country": "AU", "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": "^AXJO", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 70.192, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 24.323, "architecture_energy": 23.953, "architecture_maturity": 63.625, "architecture_confidence": 85.33, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 51.05, "rotation_up": 20.73, "upward_expansion": 54.23, "deceleration": 91.15, "rotation_down": 38.93, "downward_expansion": 20.23 }, "activity_lines": [ 92.748001, 94.180041, 93.841637, 92.02274 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 92.900002, "trend_reference": 89.948269, "distance_from_trend": 0.032816, "trend_direction": "Improving", "fair_value": 71.152111, "distance_from_fair_value": 0.305653, "fair_value_direction": "Weakening", "relative_strength": 2.264662, "relative_strength_direction": "Weakening", "price_momentum": 0.096424, "excess_performance": 0.032718, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.032816, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.047249, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.305653, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.061292, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.022647, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.127323, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.096424, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.920897, "read": "Supply-led" } ], "volume": { "latest": 149451, "relative_activity": 1.15873, "balance": 0.920897, "dry_up": 1.440558, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.043753, "annualized_volatility": 0.21269, "from_high_reference": -0.089948, "from_low_reference": 0.230049 }, "levels": { "trend_reference": 89.948269, "fair_value_reference": 71.152111, "structural_low": 79.5, "invalidation": "A 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"direction": 35.888732, "energy": 28.81507, "activity_lines": [ 95.027022, 95.633093, 93.344847, 91.377949 ] }, { "date": "2026-07-24", "close": 91.699997, "volume": 203593, "typical_volume": 126364.25, "trend": 89.386935, "fair_value": 70.70931, "relative_strength": 7.27938, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.600616, "energy": 22.748565, "activity_lines": [ 93.479008, 94.966664, 93.455427, 91.548022 ] }, { "date": "2026-07-31", "close": 93.550003, "volume": 185779, "typical_volume": 127850.75, "trend": 89.704935, "fair_value": 70.931385, "relative_strength": 6.578928, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.438637, "energy": 23.028289, "activity_lines": [ 93.126, 94.638244, 93.706246, 91.816607 ] }, { "date": "2026-08-07", "close": 92.900002, "volume": 149451, "typical_volume": 128978.3, "trend": 89.948269, "fair_value": 71.152111, "relative_strength": 2.264662, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.32293, "energy": 23.952534, "activity_lines": [ 92.748001, 94.180041, 93.841637, 92.02274 ] } ], "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." } } }