{ "ticker": { "uuid": "5eb201ba-a65a-497d-8f28-f85f20996ba1", "symbol": "DRUG", "name": "Betashares Global Healthcare Currency Hedged ETF", "exchange": "ASX", "country": "AU", "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": "^AXJO", "stage": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 65.794, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Value reclamation", "architecture_gate": "mixed", "architecture_direction": 31.227, "architecture_energy": 37.116, "architecture_maturity": 14.311, "architecture_confidence": 68.701, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 32.97, "rotation_up": 62.93, "upward_expansion": 45.99, "deceleration": 28.24, "rotation_down": 17.06, "downward_expansion": 18.66 }, "activity_lines": [ 8.692, 8.618212, 8.44846, 8.450063 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 8.76, "trend_reference": 8.514042, "distance_from_trend": 0.028888, "trend_direction": "Weakening", "fair_value": 8.162075, "distance_from_fair_value": 0.073257, "fair_value_direction": "Improving", "relative_strength": -1.02805, "relative_strength_direction": "Improving", "price_momentum": -0.002278, "excess_performance": -0.065984, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.028888, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.0054, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.073257, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.0968, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.010281, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.026114, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.002278, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.535941, "read": "Supply-led" } ], "volume": { "latest": 201344, "relative_activity": 0.265561, "balance": 0.535941, "dry_up": 2.496427, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.026448, "annualized_volatility": 0.155428, "from_high_reference": -0.037363, "from_low_reference": 0.185231 }, "levels": { "trend_reference": 8.514042, "fair_value_reference": 8.162075, "structural_low": 7.81784, "invalidation": "A 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"typical_volume": 684705.25, "trend": 8.525567, "fair_value": 8.140955, "relative_strength": 3.092496, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 22.064675, "energy": 38.185873, "activity_lines": [ 8.622038, 8.457785, 8.352335, 8.417675 ] }, { "date": "2026-07-24", "close": 8.62, "volume": 1146157, "typical_volume": 736821.0, "trend": 8.522042, "fair_value": 8.147443, "relative_strength": 3.304552, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 23.008253, "energy": 48.906026, "activity_lines": [ 8.654967, 8.509682, 8.377663, 8.423767 ] }, { "date": "2026-07-31", "close": 8.69, "volume": 839266, "typical_volume": 764107.6, "trend": 8.520376, "fair_value": 8.155122, "relative_strength": 1.537688, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 27.427868, "energy": 54.183731, "activity_lines": [ 8.669333, 8.562704, 8.410085, 8.434603 ] }, { "date": "2026-08-07", "close": 8.76, "volume": 201344, "typical_volume": 758183.45, "trend": 8.514042, "fair_value": 8.162075, "relative_strength": -1.02805, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 31.227169, "energy": 37.116283, "activity_lines": [ 8.692, 8.618212, 8.44846, 8.450063 ] } ], "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." } } }