{ "ticker": { "uuid": "2896eb06-bebc-4852-a19a-7ebba9323f6b", "symbol": "HN03", "name": "HANetf Healthcare 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": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 79.532, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 69.654, "architecture_energy": 52.088, "architecture_maturity": 52.022, "architecture_confidence": 41.16, "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": 20.93, "rotation_up": 48.91, "upward_expansion": 74.98, "deceleration": 71.14, "rotation_down": 26.67, "downward_expansion": 12.98 }, "activity_lines": [ 7.151667, 7.142055, 6.913395, 6.786611 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 7.25, "trend_reference": 6.689567, "distance_from_trend": 0.083777, "trend_direction": "Improving", "fair_value": 6.470803, "distance_from_fair_value": 0.120417, "fair_value_direction": "Improving", "relative_strength": -11.657441, "relative_strength_direction": "Improving", "price_momentum": 0.127352, "excess_performance": -0.046895, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.083777, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.00595, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.120417, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.131701, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.116574, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.046902, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.127352, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.17861, "read": "Supply-led" } ], "volume": { "latest": 0, "relative_activity": 0.0, "balance": 0.17861, "dry_up": 1.670187, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.032371, "annualized_volatility": 0.204612, "from_high_reference": -0.041892, "from_low_reference": 0.223009 }, "levels": { "trend_reference": 6.689567, "fair_value_reference": 6.470803, "structural_low": 6.028, "invalidation": "A decisive 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1633.2, "trend": 6.689567, "fair_value": 6.470803, "relative_strength": -11.657441, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.65378, "energy": 52.088464, "activity_lines": [ 7.151667, 7.142055, 6.913395, 6.786611 ] } ], "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." } } }