{ "ticker": { "uuid": "53114efa-d209-429d-8f0d-25d612311cb9", "symbol": "ERO", "name": "State Street SPDR MSCI Europe UCITS ETF", "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": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 84.562, "architecture_energy": 78.89, "architecture_maturity": 41.913, "architecture_confidence": 90.075, "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": 8.05, "rotation_up": 64.62, "upward_expansion": 89.24, "deceleration": 50.83, "rotation_down": 23.52, "downward_expansion": 15.91 }, "activity_lines": [ 413.47666, 410.859377, 403.370926, 396.953671 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 419.597992, "trend_reference": 390.220865, "distance_from_trend": 0.075283, "trend_direction": "Improving", "fair_value": 328.633781, "distance_from_fair_value": 0.276795, "fair_value_direction": "Improving", "relative_strength": 4.635181, "relative_strength_direction": "Weakening", "price_momentum": 0.097094, "excess_performance": 0.043783, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.075283, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.04083, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.276795, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.063928, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.046352, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.013464, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.097094, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.388776, "read": "Demand-led" } ], "volume": { "latest": 375, "relative_activity": 0.570255, "balance": 1.388776, "dry_up": 1.678832, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.016078, "annualized_volatility": 0.152852, "from_high_reference": -0.002698, "from_low_reference": 0.245142 }, "levels": { "trend_reference": 390.220865, "fair_value_reference": 328.633781, "structural_low": 349.130005, 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"Re-accelerating", "gate": "up", "direction": 67.234188, "energy": 85.749754, "activity_lines": [ 408.289264, 403.457198, 394.777051, 390.308863 ] }, { "date": "2026-07-17", "close": 407.31601, "volume": 1159, "typical_volume": 809.0, "trend": 385.985032, "fair_value": 325.898371, "relative_strength": 6.816293, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.472339, "energy": 81.074783, "activity_lines": [ 408.467668, 405.002127, 396.614795, 391.775643 ] }, { "date": "2026-07-24", "close": 409.890991, "volume": 149, "typical_volume": 668.45, "trend": 387.462565, "fair_value": 326.753108, "relative_strength": 6.814973, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.840626, "energy": 74.19354, "activity_lines": [ 409.135398, 406.611526, 398.641447, 393.317962 ] }, { "date": "2026-07-31", "close": 413.092987, "volume": 2733, "typical_volume": 682.5, "trend": 388.874932, "fair_value": 327.673198, "relative_strength": 5.696316, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.12853, "energy": 64.831622, "activity_lines": [ 410.495262, 408.298778, 400.795269, 394.971538 ] }, { "date": "2026-08-07", "close": 419.597992, "volume": 375, "typical_volume": 657.6, "trend": 390.220865, "fair_value": 328.633781, "relative_strength": 4.635181, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.562243, "energy": 78.889984, "activity_lines": [ 413.47666, 410.859377, 403.370926, 396.953671 ] } ], "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." } } }