{ "ticker": { "uuid": "366540f8-d87e-4b69-b7bb-93609bf09cc2", "symbol": "EX29", "name": "iShares (DE) I - iShares STOXX Europe 600 Chemicals UCITS ETF (DE)", "exchange": "VIE", "country": "AT", "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": "^ATX", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 82.666, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 78.363, "architecture_energy": 55.731, "architecture_maturity": 77.297, "architecture_confidence": 55.329, "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": 15.54, "rotation_up": 53.25, "upward_expansion": 78.94, "deceleration": 71.24, "rotation_down": 25.62, "downward_expansion": 7.94 }, "activity_lines": [ 126.569333, 126.022182, 124.35381, 122.385893 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 129.119995, "trend_reference": 119.763334, "distance_from_trend": 0.078126, "trend_direction": "Improving", "fair_value": 121.417308, "distance_from_fair_value": 0.06344, "fair_value_direction": "Improving", "relative_strength": -9.935633, "relative_strength_direction": "Improving", "price_momentum": 0.111762, "excess_performance": -0.062485, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.078126, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.044879, "read": "Rising" 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123.860002, 122.894547, 120.844001, 119.035441 ] }, { "date": "2026-07-03", "close": 128.199997, "volume": 0, "typical_volume": 588.65, "trend": 116.945334, "fair_value": 121.261923, "relative_strength": -11.996151, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.290293, "energy": 92.913164, "activity_lines": [ 125.392001, 124.01091, 121.699238, 119.802194 ] }, { "date": "2026-07-10", "close": 125.639999, "volume": 0, "typical_volume": 547.55, "trend": 117.53, "fair_value": 121.288462, "relative_strength": -12.056542, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.713824, "energy": 83.401343, "activity_lines": [ 125.753333, 124.530182, 122.269619, 120.36314 ] }, { "date": "2026-07-17", "close": 125.300003, "volume": 0, "typical_volume": 547.55, "trend": 118.080667, "fair_value": 121.317436, "relative_strength": -10.094688, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.579381, "energy": 69.146868, "activity_lines": [ 125.782667, 124.891274, 122.774191, 120.864431 ] }, { "date": "2026-07-24", "close": 124.5, "volume": 0, "typical_volume": 369.45, "trend": 118.61, "fair_value": 121.318205, "relative_strength": -11.388917, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.437426, "energy": 53.880765, "activity_lines": [ 125.454667, 124.989092, 123.176858, 121.278581 ] }, { "date": "2026-07-31", "close": 125.800003, "volume": 0, "typical_volume": 328.35, "trend": 119.146667, "fair_value": 121.355513, "relative_strength": -10.0261, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.900669, "energy": 46.425808, "activity_lines": [ 125.492001, 125.22691, 123.636953, 121.742452 ] }, { "date": "2026-08-07", "close": 129.119995, "volume": 0, "typical_volume": 273.55, "trend": 119.763334, "fair_value": 121.417308, "relative_strength": -9.935633, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.362558, "energy": 55.730845, "activity_lines": [ 126.569333, 126.022182, 124.35381, 122.385893 ] } ], "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." } } }