{ "ticker": { "uuid": "345ede1f-c21c-4928-8127-76f978311454", "symbol": "HQLT", "name": "Betashares Global Quality Leaders Currency Hedged ETF", "exchange": "ASX", "country": "AU", "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": "^AXJO", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 73.234, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 80.581, "architecture_energy": 52.229, "architecture_maturity": 16.416, "architecture_confidence": 82.942, "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": 22.97, "rotation_up": 60.01, "upward_expansion": 80.09, "deceleration": 57.03, "rotation_down": 20.21, "downward_expansion": 6.76 }, "activity_lines": [ 34.451334, 34.270771, 33.832251, 33.537784 ], "activity_state": "Wide", "activity_direction": "Stable", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 35.240002, "trend_reference": 33.339524, "distance_from_trend": 0.057004, "trend_direction": "Improving", "fair_value": 29.411746, "distance_from_fair_value": 0.198161, "fair_value_direction": "Improving", "relative_strength": 1.91609, "relative_strength_direction": "Weakening", "price_momentum": 0.075046, "excess_performance": 0.01134, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.057004, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.014495, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.198161, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.051762, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.019161, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.000595, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.075046, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.990619, "read": "Demand-led" } ], "volume": { "latest": 53108, "relative_activity": 1.388381, "balance": 1.990619, "dry_up": 1.427497, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.020932, "annualized_volatility": 0.141213, "from_high_reference": -0.004801, "from_low_reference": 0.156927 }, "levels": { "trend_reference": 33.339524, "fair_value_reference": 29.411746, "structural_low": 30.459999, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 36, "median_return": 0.012993, "positive_rate": 0.583333, "directional_follow_through": 0.583333, "median_excess_return": 0.009156, "regime_survival": 0.805556, "best_return": 0.063815, "worst_return": -0.074111, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 13, "median_return": 0.036251, "positive_rate": 0.769231, "directional_follow_through": 0.769231, "median_excess_return": 0.008129, "regime_survival": 0.692308, "best_return": 0.142993, "worst_return": -0.163597, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.06341, "positive_rate": 0.857143, "directional_follow_through": 0.857143, "median_excess_return": 0.020364, "regime_survival": 0.714286, "best_return": 0.192126, "worst_return": -0.208533, "sufficient": true }, { 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"date": "2026-07-24", "close": 33.560001, "volume": 51585, "typical_volume": 34026.05, "trend": 33.242857, "fair_value": 29.264416, "relative_strength": 2.833285, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.970387, "energy": 41.956052, "activity_lines": [ 33.951388, 33.918706, 33.513782, 33.334734 ] }, { "date": "2026-07-31", "close": 34.439999, "volume": 87816, "typical_volume": 36957.8, "trend": 33.289857, "fair_value": 29.335367, "relative_strength": 2.956848, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.265223, "energy": 42.8005, "activity_lines": [ 34.098666, 34.034739, 33.64004, 33.411969 ] }, { "date": "2026-08-07", "close": 35.240002, "volume": 53108, "typical_volume": 38251.75, "trend": 33.339524, "fair_value": 29.411746, "relative_strength": 1.91609, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.581173, "energy": 52.229235, "activity_lines": [ 34.451334, 34.270771, 33.832251, 33.537784 ] } ], "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." } } }