{ "ticker": { "uuid": "331a140f-1ce5-48a4-82a5-53a35ccca316", "symbol": "EEMS", "name": "ISHARES INC MSCI EMERGING MARKETS SMALL CAP 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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 58.647, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -13.566, "architecture_energy": 29.873, "architecture_maturity": 3.555, "architecture_confidence": 48.243, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 46.93, "rotation_up": 17.79, "upward_expansion": 20.66, "deceleration": 53.51, "rotation_down": 56.98, "downward_expansion": 43.33 }, "activity_lines": [ 72.1874, 73.164574, 74.242314, 73.813598 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 74.5629, "trend_reference": 73.141636, "distance_from_trend": 0.019432, "trend_direction": "Improving", "fair_value": 60.532191, "distance_from_fair_value": 0.231789, "fair_value_direction": "Weakening", "relative_strength": -5.046538, "relative_strength_direction": "Weakening", "price_momentum": 0.038618, "excess_performance": -0.087007, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.019432, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.03513, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.231789, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.115683, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.050465, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.100156, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.038618, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 8.023968, "read": "Demand-led" } ], "volume": { "latest": 256146, "relative_activity": 0.891902, "balance": 8.023968, "dry_up": 0.516804, "accumulation_observations": 3, "distribution_observations": 0 }, "risk": { "range_context": 0.046271, "annualized_volatility": 0.248537, "from_high_reference": -0.055634, "from_low_reference": 0.184614 }, "levels": { "trend_reference": 73.141636, "fair_value_reference": 60.532191, "structural_low": 66.68083, "invalidation": "A 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73.083443, 74.175381, 73.708779 ] }, { "date": "2026-08-07", "close": 74.5629, "volume": 256146, "typical_volume": 287190.8, "trend": 73.141636, "fair_value": 60.532191, "relative_strength": -5.046538, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -13.566272, "energy": 29.87273, "activity_lines": [ 72.1874, 73.164574, 74.242314, 73.813598 ] } ], "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." } } }