{ "ticker": { "uuid": "3ee5ca66-e82c-4b79-a1a5-8006cd60bcf3", "symbol": "THW", "name": "abrdn World Healthcare Fund", "exchange": "NYSE", "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": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 94.611, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 73.999, "architecture_energy": 53.438, "architecture_maturity": 35.928, "architecture_confidence": 80.745, "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": 14.99, "rotation_up": 59.31, "upward_expansion": 80.9, "deceleration": 58.09, "rotation_down": 21.05, "downward_expansion": 7.57 }, "activity_lines": [ 13.374366, 13.243267, 12.928252, 12.679934 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 13.66, "trend_reference": 12.4294, "distance_from_trend": 0.099007, "trend_direction": "Improving", "fair_value": 10.517133, "distance_from_fair_value": 0.298833, "fair_value_direction": "Improving", "relative_strength": 0.853255, "relative_strength_direction": "Improving", "price_momentum": 0.136476, "excess_performance": 0.010852, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.099007, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.029333, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.298833, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.073133, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.008533, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.007613, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.136476, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.008486, "read": "Demand-led" } ], "volume": { "latest": 567618, "relative_activity": 0.969907, "balance": 1.008486, "dry_up": 1.484193, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.036632, "annualized_volatility": 0.221725, "from_high_reference": -0.00292, "from_low_reference": 0.395785 }, "levels": { "trend_reference": 12.4294, "fair_value_reference": 10.517133, "structural_low": 10.975025, "invalidation": 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75.95801, "activity_lines": [ 13.275344, 12.981496, 12.665717, 12.485211 ] }, { "date": "2026-07-24", "close": 13.12, "volume": 585121, "typical_volume": 575261.15, "trend": 12.344564, "fair_value": 10.470166, "relative_strength": 1.792073, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.353402, "energy": 74.741923, "activity_lines": [ 13.265452, 13.03769, 12.737585, 12.536667 ] }, { "date": "2026-07-31", "close": 13.29, "volume": 693449, "typical_volume": 581516.1, "trend": 12.384792, "fair_value": 10.49288, "relative_strength": 1.797487, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.662787, "energy": 63.247206, "activity_lines": [ 13.268431, 13.112089, 12.818986, 12.597663 ] }, { "date": "2026-08-07", "close": 13.66, "volume": 567618, "typical_volume": 585229.5, "trend": 12.4294, "fair_value": 10.517133, "relative_strength": 0.853255, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.998814, "energy": 53.437546, "activity_lines": [ 13.374366, 13.243267, 12.928252, 12.679934 ] } ], "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." } } }