{ "ticker": { "uuid": "5f81697f-7c2b-47dd-8e41-3e97b87968b2", "symbol": "COPX", "name": "Global X Copper Miners ETF", "exchange": "MEX", "country": "MX", "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": "^MXX", "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": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -13.711, "architecture_energy": 8.401, "architecture_maturity": 21.888, "architecture_confidence": 42.756, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 67.06, "rotation_up": 22.74, "upward_expansion": 14.24, "deceleration": 38.55, "rotation_down": 32.22, "downward_expansion": 61.91 }, "activity_lines": [ 1403.65332, 1388.541786, 1410.040378, 1416.298815 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 1516.0, "trend_reference": 1431.077433, "distance_from_trend": 0.059342, "trend_direction": "Improving", "fair_value": 1009.175471, "distance_from_fair_value": 0.502216, "fair_value_direction": "Weakening", "relative_strength": 15.596876, "relative_strength_direction": "Weakening", "price_momentum": 0.035519, "excess_performance": 0.090186, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.059342, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.041279, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.502216, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.019113, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.155969, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.020552, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.035519, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 24.082083, "read": "Demand-led" } ], "volume": { "latest": 980, "relative_activity": 0.18546, "balance": 24.082083, "dry_up": 0.188488, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.070782, "annualized_volatility": 0.447355, "from_high_reference": -0.145915, "from_low_reference": 0.877459 }, "levels": { "trend_reference": 1431.077433, "fair_value_reference": 1009.175471, 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1516.0, "volume": 980, "typical_volume": 5284.15, "trend": 1431.077433, "fair_value": 1009.175471, "relative_strength": 15.596876, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -13.710651, "energy": 8.400732, "activity_lines": [ 1403.65332, 1388.541786, 1410.040378, 1416.298815 ] } ], "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." } } }