{ "ticker": { "uuid": "297ff449-9947-4135-ad80-289b59d39837", "symbol": "IXP", "name": "ISHARES TRUST GLOBAL COMM SERVICES ETF", "exchange": "NYSEARCA", "country": "US", "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": "SPY", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 67.715, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -39.276, "architecture_energy": 25.844, "architecture_maturity": 21.947, "architecture_confidence": 69.31, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 44.82, "rotation_up": 20.13, "upward_expansion": 11.26, "deceleration": 59.63, "rotation_down": 43.07, "downward_expansion": 65.59 }, "activity_lines": [ 115.805187, 115.717921, 117.499468, 117.932583 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Stable", "price_acceptance": -0.166667 }, "latest_close": 117.99, "trend_reference": 118.663052, "distance_from_trend": -0.005672, "trend_direction": "Weakening", "fair_value": 96.513733, "distance_from_fair_value": 0.22252, "fair_value_direction": "Weakening", "relative_strength": -11.448272, "relative_strength_direction": "Weakening", "price_momentum": -0.022624, "excess_performance": -0.148249, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.005672, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.008165, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.22252, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.125276, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.114483, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.069847, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.022624, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.449307, "read": "Supply-led" } ], "volume": { "latest": 99740, "relative_activity": 0.623168, "balance": 0.449307, "dry_up": 1.199614, "accumulation_observations": 0, "distribution_observations": 2 }, "risk": { "range_context": 0.034988, "annualized_volatility": 0.177858, "from_high_reference": -0.062947, "from_low_reference": 0.071244 }, "levels": { "trend_reference": 118.663052, "fair_value_reference": 96.513733, 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}, { "date": "2026-07-17", "close": 116.55, "volume": 68851, "typical_volume": 143196.65, "trend": 119.216701, "fair_value": 95.586686, "relative_strength": -9.710817, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.967796, "energy": 56.443612, "activity_lines": [ 116.066667, 117.018755, 118.393892, 118.704096 ] }, { "date": "2026-07-24", "close": 111.99, "volume": 519661, "typical_volume": 160339.7, "trend": 118.9346, "fair_value": 95.866759, "relative_strength": -12.515096, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.700676, "energy": 51.948843, "activity_lines": [ 114.803, 115.872191, 117.783825, 118.237857 ] }, { "date": "2026-07-31", "close": 114.9782, "volume": 79756, "typical_volume": 159892.1, "trend": 118.765349, "fair_value": 96.180036, "relative_strength": -10.929538, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.01147, "energy": 34.87939, "activity_lines": [ 114.8954, 115.453514, 117.492452, 117.982605 ] }, { "date": "2026-08-07", "close": 117.99, "volume": 99740, "typical_volume": 160053.1, "trend": 118.663052, "fair_value": 96.513733, "relative_strength": -11.448272, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.276182, "energy": 25.843966, "activity_lines": [ 115.805187, 115.717921, 117.499468, 117.932583 ] } ], "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." } } }