{ "ticker": { "uuid": "47d3a542-6d43-48e0-b100-14a6e827b61e", "symbol": "QYLU", "name": "Global X NASDAQ 100 Covered Call 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": 62.454, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 45.965, "architecture_energy": 25.504, "architecture_maturity": 58.348, "architecture_confidence": 82.963, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 34.37, "rotation_up": 31.99, "upward_expansion": 58.87, "deceleration": 85.46, "rotation_down": 33.41, "downward_expansion": 20.21 }, "activity_lines": [ 25.010167, 25.105955, 25.039619, 24.771032 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 25.497499, "trend_reference": 24.429667, "distance_from_trend": 0.04371, "trend_direction": "Improving", "fair_value": 21.083064, "distance_from_fair_value": 0.209383, "fair_value_direction": "Improving", "relative_strength": -0.400648, "relative_strength_direction": "Weakening", "price_momentum": 0.081892, "excess_performance": 0.030657, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.04371, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.026816, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.209383, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.002965, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.004006, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.033672, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.081892, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.057327, "read": "Demand-led" } ], "volume": { "latest": 28778, "relative_activity": 0.381745, "balance": 1.057327, "dry_up": 0.951613, "accumulation_observations": 0, "distribution_observations": 2 }, "risk": { "range_context": 0.024922, "annualized_volatility": 0.111548, "from_high_reference": -0.013827, "from_low_reference": 0.222902 }, "levels": { "trend_reference": 24.429667, "fair_value_reference": 21.083064, "structural_low": 22.735001, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "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": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-31", "end": "2025-03-21", "tenure": "Extended", "return": 0.096036, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-28", "end": "2025-04-18", "tenure": "New", "return": -0.042013, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-25", "end": "2025-06-06", "tenure": "Developing", "return": 0.023801, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-13", "end": "2025-08-29", "tenure": "Developing", "return": 0.031142, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-05", "end": "2026-03-13", "tenure": "Extended", "return": 0.100012, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-20", "end": "2026-04-24", "tenure": "Developing", "return": 0.046875, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-07-24", "tenure": "Established", "return": 0.009367, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.039018, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 17.160999, "volume": 67, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-25", "close": 17.360001, "volume": 270, "typical_volume": null, "trend": 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"upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.381479, "energy": 58.267878, "activity_lines": [ 25.430333, 25.317727, 24.935286, 24.623995 ] }, { "date": "2026-07-17", "close": 24.752501, "volume": 77931, "typical_volume": 134778.3, "trend": 24.30975, "fair_value": 20.946163, "relative_strength": -0.666182, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.882163, "energy": 33.89739, "activity_lines": [ 25.223667, 25.236909, 24.954762, 24.655489 ] }, { "date": "2026-07-24", "close": 24.785, "volume": 10735, "typical_volume": 134891.15, "trend": 24.348583, "fair_value": 20.989939, "relative_strength": -1.77092, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.726151, "energy": 27.593985, "activity_lines": [ 25.059, 25.160682, 24.972833, 24.686151 ] }, { "date": "2026-07-31", "close": 24.540001, "volume": 169507, "typical_volume": 141682.2, "trend": 24.37325, "fair_value": 21.032465, "relative_strength": -3.86908, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.553059, "energy": 17.457885, "activity_lines": [ 24.858667, 25.042182, 24.962691, 24.6985 ] }, { "date": "2026-08-07", "close": 25.497499, "volume": 28778, "typical_volume": 75385.45, "trend": 24.429667, "fair_value": 21.083064, "relative_strength": -0.400648, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.965385, "energy": 25.504485, "activity_lines": [ 25.010167, 25.105955, 25.039619, 24.771032 ] } ], "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." } } }