{ "ticker": { "uuid": "22523b48-4c63-48a6-aa43-51f296413bef", "symbol": "CSSMI", "name": "iShares SMI ETF (CH)", "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": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 79.095, "architecture_energy": 69.066, "architecture_maturity": 39.886, "architecture_confidence": 81.797, "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": 1.9, "rotation_up": 70.37, "upward_expansion": 90.0, "deceleration": 52.89, "rotation_down": 21.72, "downward_expansion": 12.0 }, "activity_lines": [ 149.396611, 148.268898, 144.830606, 142.206374 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 1.0 }, "latest_close": 150.839996, "trend_reference": 139.450166, "distance_from_trend": 0.081677, "trend_direction": "Improving", "fair_value": 120.170782, "distance_from_fair_value": 0.255214, "fair_value_direction": "Improving", "relative_strength": 1.329002, "relative_strength_direction": "Weakening", "price_momentum": 0.102003, "excess_performance": 0.019119, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.081677, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.038397, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.255214, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.08743, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.01329, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.01009, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.102003, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.158029, "read": "Demand-led" } ], "volume": { "latest": 80065, "relative_activity": 0.769438, "balance": 2.158029, "dry_up": 0.780117, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.0205, "annualized_volatility": 0.152887, "from_high_reference": -0.006978, "from_low_reference": 0.256635 }, "levels": { "trend_reference": 139.450166, "fair_value_reference": 120.170782, "structural_low": 123.653132, 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"activity_lines": [ 148.019436, 145.713748, 142.000857, 140.080621 ] }, { "date": "2026-07-24", "close": 148.660004, "volume": 87623, "typical_volume": 123568.55, "trend": 138.477761, "fair_value": 119.562723, "relative_strength": 1.4733, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.065627, "energy": 86.760768, "activity_lines": [ 148.516175, 146.604859, 142.945492, 140.768515 ] }, { "date": "2026-07-31", "close": 148.880005, "volume": 107336, "typical_volume": 117806.05, "trend": 138.955424, "fair_value": 119.860299, "relative_strength": 1.442669, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.451142, "energy": 71.539397, "activity_lines": [ 148.694303, 147.333425, 143.835971, 141.439628 ] }, { "date": "2026-08-07", "close": 150.839996, "volume": 80065, "typical_volume": 104056.5, "trend": 139.450166, "fair_value": 120.170782, "relative_strength": 1.329002, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.094827, "energy": 69.065941, "activity_lines": [ 149.396611, 148.268898, 144.830606, 142.206374 ] } ], "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." } } }