{ "ticker": { "uuid": "31aa6d5c-09aa-41eb-96f6-22e32346ec8c", "symbol": "VDEM", "name": "Vanguard FTSE Emerging Markets UCITS ETF USD Distributing", "exchange": "LSE", "country": "GB", "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": "^FTSE", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 62.755, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 59.122, "architecture_energy": 24.967, "architecture_maturity": 58.144, "architecture_confidence": 86.514, "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": 32.84, "rotation_up": 36.2, "upward_expansion": 64.28, "deceleration": 89.09, "rotation_down": 31.69, "downward_expansion": 15.95 }, "activity_lines": [ 81.509335, 81.469169, 81.304018, 80.483166 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 83.425003, "trend_reference": 79.64347, "distance_from_trend": 0.047481, "trend_direction": "Improving", "fair_value": 63.9992, "distance_from_fair_value": 0.303532, "fair_value_direction": "Weakening", "relative_strength": 0.056413, "relative_strength_direction": "Weakening", "price_momentum": 0.053002, "excess_performance": 0.001767, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.047481, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.030513, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.303532, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.049329, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.000564, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.072327, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.053002, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.12328, "read": "Demand-led" } ], "volume": { "latest": 41665, "relative_activity": 1.134878, "balance": 2.12328, "dry_up": 1.482662, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.029373, "annualized_volatility": 0.181912, "from_high_reference": -0.008958, "from_low_reference": 0.217679 }, "levels": { "trend_reference": 79.64347, "fair_value_reference": 63.9992, "structural_low": 71.235001, 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-2.403272, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 31.537986, "energy": 14.951904, "activity_lines": [ 80.694334, 81.13927, 80.8551, 80.111915 ] }, { "date": "2026-07-31", "close": 81.010002, "volume": 34511, "typical_volume": 35814.95, "trend": 79.419623, "fair_value": 63.793455, "relative_strength": -2.515326, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 28.145511, "energy": 15.154357, "activity_lines": [ 80.716001, 81.088008, 80.979081, 80.224754 ] }, { "date": "2026-08-07", "close": 83.425003, "volume": 41665, "typical_volume": 36713.2, "trend": 79.64347, "fair_value": 63.9992, "relative_strength": 0.056413, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.122492, "energy": 24.967141, "activity_lines": [ 81.509335, 81.469169, 81.304018, 80.483166 ] } ], "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." } } }