{ "ticker": { "uuid": "46deea49-d751-4645-b34f-9e7a4740776a", "symbol": "TEGB", "name": "VanEck European Equal Weight Screened 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": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 67.055, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 80.062, "architecture_energy": 51.307, "architecture_maturity": 48.413, "architecture_confidence": 65.763, "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": 26.47, "rotation_up": 49.92, "upward_expansion": 78.09, "deceleration": 64.05, "rotation_down": 26.47, "downward_expansion": 7.09 }, "activity_lines": [ 82.556667, 82.364183, 81.549651, 80.69 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 84.260002, "trend_reference": 79.903004, "distance_from_trend": 0.054529, "trend_direction": "Improving", "fair_value": 66.480479, "distance_from_fair_value": 0.26744, "fair_value_direction": "Improving", "relative_strength": 0.250012, "relative_strength_direction": "Improving", "price_momentum": 0.055138, "excess_performance": 0.003902, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.054529, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.025364, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.26744, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.040018, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.0025, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.008685, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.055138, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.470923, "read": "Supply-led" } ], "volume": { "latest": 274, "relative_activity": 0.449254, "balance": 0.470923, "dry_up": 0.37957, "accumulation_observations": 0, "distribution_observations": 1 }, "risk": { "range_context": 0.017042, "annualized_volatility": 0.172425, "from_high_reference": -0.00225, "from_low_reference": 0.1913 }, "levels": { "trend_reference": 79.903004, "fair_value_reference": 66.480479, "structural_low": 71.57, "invalidation": 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65.930928, "relative_strength": -1.291925, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.011951, "energy": 51.347746, "activity_lines": [ 81.962668, 81.774039, 80.689637, 80.091662 ] }, { "date": "2026-07-24", "close": 81.43, "volume": 453, "typical_volume": 946.45, "trend": 79.581628, "fair_value": 66.102596, "relative_strength": -1.698662, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.325409, "energy": 37.150318, "activity_lines": [ 81.685668, 81.78818, 80.878761, 80.219887 ] }, { "date": "2026-07-31", "close": 82.334999, "volume": 4, "typical_volume": 762.9, "trend": 79.72662, "fair_value": 66.287095, "relative_strength": -1.775897, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.437889, "energy": 31.236238, "activity_lines": [ 81.808334, 81.917968, 81.137384, 80.397524 ] }, { "date": "2026-08-07", "close": 84.260002, "volume": 274, "typical_volume": 609.9, "trend": 79.903004, "fair_value": 66.480479, "relative_strength": 0.250012, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.06161, "energy": 51.307422, "activity_lines": [ 82.556667, 82.364183, 81.549651, 80.69 ] } ], "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." } } }