{ "ticker": { "uuid": "3c54ae6f-156f-4d38-9bf9-1eb5ee87f599", "symbol": "WNRG", "name": "State Street SPDR MSCI World Energy UCITS ETF", "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": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 53.274, "architecture_energy": 43.129, "architecture_maturity": 13.536, "architecture_confidence": 68.192, "architecture_tenure": "New", "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": 29.82, "rotation_up": 67.53, "upward_expansion": 74.38, "deceleration": 66.79, "rotation_down": 11.0, "downward_expansion": 5.72 }, "activity_lines": [ 73.022999, 71.255909, 71.223929, 71.132419 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 72.449997, "trend_reference": 69.9195, "distance_from_trend": 0.036192, "trend_direction": "Improving", "fair_value": 54.86859, "distance_from_fair_value": 0.320428, "fair_value_direction": "Weakening", "relative_strength": 5.460155, "relative_strength_direction": "Weakening", "price_momentum": 0.119611, "excess_performance": 0.068375, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.036192, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.075387, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.320428, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.020251, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.054602, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.08343, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.119611, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.409776, "read": "Demand-led" } ], "volume": { "latest": 13890, "relative_activity": 0.164657, "balance": 3.409776, "dry_up": 0.54384, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.042081, "annualized_volatility": 0.255832, "from_high_reference": -0.094375, "from_low_reference": 0.426577 }, "levels": { "trend_reference": 69.9195, "fair_value_reference": 54.86859, "structural_low": 64.650002, 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84068, "typical_volume": 107726.2, "trend": 68.1745, "fair_value": 54.36875, "relative_strength": 8.415345, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 11.93161, "energy": 25.927266, "activity_lines": [ 68.720335, 69.383637, 70.591667, 70.160667 ] }, { "date": "2026-07-24", "close": 74.709999, "volume": 30500, "typical_volume": 98718.2, "trend": 68.819834, "fair_value": 54.547404, "relative_strength": 11.100307, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.874646, "energy": 23.836274, "activity_lines": [ 70.958334, 70.18391, 70.90712, 70.582312 ] }, { "date": "2026-07-31", "close": 74.309998, "volume": 55049, "typical_volume": 87392.5, "trend": 69.4135, "fair_value": 54.716923, "relative_strength": 8.7965, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.418665, "energy": 38.699667, "activity_lines": [ 72.555, 70.892909, 71.161, 70.936516 ] }, { "date": "2026-08-07", "close": 72.449997, "volume": 13890, "typical_volume": 84357.1, "trend": 69.9195, "fair_value": 54.86859, "relative_strength": 5.460155, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.274231, "energy": 43.128808, "activity_lines": [ 73.022999, 71.255909, 71.223929, 71.132419 ] } ], "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." } } }