{ "ticker": { "uuid": "4dd7bbfc-302e-46cc-b432-4daa27f92f24", "symbol": "TRYP", "name": "HANetf ICAV - US Global Investors Travel 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": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 83.896, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 73.321, "architecture_energy": 44.361, "architecture_maturity": 35.049, "architecture_confidence": 53.054, "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": 36.82, "rotation_up": 46.55, "upward_expansion": 72.61, "deceleration": 68.42, "rotation_down": 25.86, "downward_expansion": 10.61 }, "activity_lines": [ 10.8186, 10.800182, 10.505664, 10.32999 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 11.17, "trend_reference": 10.2182, "distance_from_trend": 0.093148, "trend_direction": "Improving", "fair_value": 8.435137, "distance_from_fair_value": 0.324223, "fair_value_direction": "Improving", "relative_strength": 2.074683, "relative_strength_direction": "Improving", "price_momentum": 0.037237, "excess_performance": -0.013999, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.093148, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.020901, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.324223, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.103476, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.020747, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.060678, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.037237, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.255771, "read": "Supply-led" } ], "volume": { "latest": 7202, "relative_activity": 0.208834, "balance": 0.255771, "dry_up": 0.508413, "accumulation_observations": 0, "distribution_observations": 2 }, "risk": { "range_context": 0.03905, "annualized_volatility": 0.264941, "from_high_reference": -0.009927, "from_low_reference": 0.223841 }, "levels": { "trend_reference": 10.2182, "fair_value_reference": 8.435137, "structural_low": 9.127, "invalidation": "A 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10.191967, "fair_value": 8.315201, "relative_strength": 2.756945, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 49.34288, "energy": 70.957131, "activity_lines": [ 10.853067, 10.500809, 10.174488, 10.151081 ] }, { "date": "2026-07-10", "close": 10.833, "volume": 221608, "typical_volume": 44908.35, "trend": 10.2094, "fair_value": 8.339755, "relative_strength": 2.451376, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.412261, "energy": 67.486286, "activity_lines": [ 10.905333, 10.609409, 10.25205, 10.192438 ] }, { "date": "2026-07-17", "close": 10.531, "volume": 25685, "typical_volume": 44149.05, "trend": 10.205567, "fair_value": 8.361691, "relative_strength": -1.241994, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 62.899689, "energy": 70.36571, "activity_lines": [ 10.8086, 10.642536, 10.299598, 10.213186 ] }, { "date": "2026-07-24", "close": 10.478, "volume": 5781, "typical_volume": 35043.85, "trend": 10.199867, "fair_value": 8.382899, "relative_strength": -2.844125, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.424302, "energy": 41.800062, "activity_lines": [ 10.6844, 10.654764, 10.342131, 10.230762 ] }, { "date": "2026-07-31", "close": 10.775, "volume": 31466, "typical_volume": 35746.75, "trend": 10.2071, "fair_value": 8.407643, "relative_strength": -1.275142, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.02976, "energy": 32.346553, "activity_lines": [ 10.673733, 10.701727, 10.408567, 10.267868 ] }, { "date": "2026-08-07", "close": 11.17, "volume": 7202, "typical_volume": 34486.75, "trend": 10.2182, "fair_value": 8.435137, "relative_strength": 2.074683, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.321059, "energy": 44.360918, "activity_lines": [ 10.8186, 10.800182, 10.505664, 10.32999 ] } ], "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." } } }