{ "ticker": { "uuid": "4184cfeb-7b68-4167-8859-2607fb8a1523", "symbol": "INRE", "name": "iShares Global Clean Energy Transition UCITS ETF USD (Acc)", "exchange": "PAR", "country": "FR", "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": "^FCHI", "stage": 3, "stage_name": "Distribution", "phase": "3c", "phase_label": "Stage 3C \u00b7 Breakdown watch", "transition": "stage_3_to_4_watch", "transition_label": "Stage 3 \u2192 4 watch", "confidence": 65.578, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -27.338, "architecture_energy": 59.574, "architecture_maturity": 6.238, "architecture_confidence": 74.405, "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": 34.9, "rotation_up": 14.12, "upward_expansion": 27.75, "deceleration": 49.94, "rotation_down": 69.86, "downward_expansion": 55.08 }, "activity_lines": [ 23.283861, 24.222184, 25.299923, 25.086453 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 23.303801, "trend_reference": 24.60728, "distance_from_trend": -0.052971, "trend_direction": "Improving", "fair_value": 19.406606, "distance_from_fair_value": 0.200818, "fair_value_direction": "Weakening", "relative_strength": -4.019127, "relative_strength_direction": "Weakening", "price_momentum": 0.011388, "excess_performance": -0.041923, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.052971, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.055798, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.200818, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.162904, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.040191, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.308092, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.011388, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.995344, "read": "Supply-led" } ], "volume": { "latest": 18188, "relative_activity": 0.606258, "balance": 0.995344, "dry_up": 1.073117, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.064807, "annualized_volatility": 0.249286, "from_high_reference": -0.223199, "from_low_reference": 0.367586 }, "levels": { "trend_reference": 24.60728, "fair_value_reference": 19.406606, "structural_low": 21.7285, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Extended", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": 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"fair_value": 19.39644, "relative_strength": 1.223684, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -33.513551, "energy": 40.661652, "activity_lines": [ 24.20772, 25.326616, 25.769676, 25.29048 ] }, { "date": "2026-07-31", "close": 22.608101, "volume": 32596, "typical_volume": 30020.15, "trend": 24.55756, "fair_value": 19.397303, "relative_strength": -4.342581, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -40.681753, "energy": 55.337716, "activity_lines": [ 23.529387, 24.658795, 25.499265, 25.167341 ] }, { "date": "2026-08-07", "close": 23.303801, "volume": 18188, "typical_volume": 30000.45, "trend": 24.60728, "fair_value": 19.406606, "relative_strength": -4.019127, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.338079, "energy": 59.57373, "activity_lines": [ 23.283861, 24.222184, 25.299923, 25.086453 ] } ], "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." } } }