{ "ticker": { "uuid": "3319f33a-d21f-4f17-a8ab-2ce6a40ed308", "symbol": "STQ", "name": "State Street SPDR MSCI Europe Industrials UCITS ETF", "exchange": "PAR", "country": "FR", "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": "^FCHI", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 90.47, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 72.791, "architecture_energy": 45.217, "architecture_maturity": 22.868, "architecture_confidence": 80.016, "architecture_tenure": "Developing", "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": 29.8, "rotation_up": 51.32, "upward_expansion": 76.91, "deceleration": 57.77, "rotation_down": 21.76, "downward_expansion": 5.91 }, "activity_lines": [ 449.52667, 447.270003, 441.955479, 437.001938 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 462.0, "trend_reference": 432.746669, "distance_from_trend": 0.067599, "trend_direction": "Improving", "fair_value": 347.565384, "distance_from_fair_value": 0.329246, "fair_value_direction": "Improving", "relative_strength": 3.641678, "relative_strength_direction": "Weakening", "price_momentum": 0.075419, "excess_performance": 0.022108, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.067599, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.037277, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.329246, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.020335, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.036417, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.033275, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.075419, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.953817, "read": "Supply-led" } ], "volume": { "latest": 15751, "relative_activity": 1.543883, "balance": 0.953817, "dry_up": 0.661647, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.030869, "annualized_volatility": 0.222477, "from_high_reference": -0.012187, "from_low_reference": 0.245283 }, "levels": { "trend_reference": 432.746669, "fair_value_reference": 347.565384, "structural_low": 371.0, 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442.153335, 442.199092, 437.282145, 433.796239 ] }, { "date": "2026-07-31", "close": 449.450012, "volume": 4164, "typical_volume": 9965.5, "trend": 431.580003, "fair_value": 346.22532, "relative_strength": 3.396373, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.612892, "energy": 28.680145, "activity_lines": [ 444.073338, 443.725458, 439.108575, 435.039358 ] }, { "date": "2026-08-07", "close": 462.0, "volume": 15751, "typical_volume": 10202.2, "trend": 432.746669, "fair_value": 347.565384, "relative_strength": 3.641678, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.791427, "energy": 45.216625, "activity_lines": [ 449.52667, 447.270003, 441.955479, 437.001938 ] } ], "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." } } }