{ "ticker": { "uuid": "27ef4674-367b-4873-a93b-256074e6a054", "symbol": "DB29", "name": "Xtrackers - MSCI Japan UCITS ETF", "exchange": "VIE", "country": "AT", "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": "^ATX", "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": 86.018, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 62.484, "architecture_energy": 35.753, "architecture_maturity": 57.817, "architecture_confidence": 71.989, "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": 24.43, "rotation_up": 40.08, "upward_expansion": 65.97, "deceleration": 85.45, "rotation_down": 26.73, "downward_expansion": 15.97 }, "activity_lines": [ 101.985333, 102.045454, 100.546571, 98.733333 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 104.959999, "trend_reference": 96.578, "distance_from_trend": 0.08679, "trend_direction": "Improving", "fair_value": 79.045705, "distance_from_fair_value": 0.327839, "fair_value_direction": "Improving", "relative_strength": -6.021776, "relative_strength_direction": "Weakening", "price_momentum": 0.119335, "excess_performance": -0.054912, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.08679, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.05696, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.327839, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.045061, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.060218, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.03044, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.119335, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.327922, "read": "Demand-led" } ], "volume": { "latest": 3245, "relative_activity": 1.99963, "balance": 1.327922, "dry_up": 2.135969, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.031485, "annualized_volatility": 0.211585, "from_high_reference": -0.003418, "from_low_reference": 0.314135 }, "levels": { "trend_reference": 96.578, "fair_value_reference": 79.045705, "structural_low": 86.959999, "invalidation": "A 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"fair_value": 78.550449, "relative_strength": -7.225405, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.541712, "energy": 37.931059, "activity_lines": [ 101.277332, 101.541454, 99.553809, 97.859312 ] }, { "date": "2026-07-31", "close": 100.300003, "volume": 885, "typical_volume": 1600.55, "trend": 96.094, "fair_value": 78.782115, "relative_strength": -7.61244, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.041593, "energy": 26.825405, "activity_lines": [ 100.807333, 101.385091, 99.849762, 98.161333 ] }, { "date": "2026-08-07", "close": 104.959999, "volume": 3245, "typical_volume": 1622.8, "trend": 96.578, "fair_value": 79.045705, "relative_strength": -6.021776, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.483695, "energy": 35.753226, "activity_lines": [ 101.985333, 102.045454, 100.546571, 98.733333 ] } ], "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." } } }