{ "ticker": { "uuid": "614f0b94-3429-408d-8a49-20896dda3e1d", "symbol": "WHEA", "name": "State Street SPDR MSCI World Health Care 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": 65.202, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 71.641, "architecture_energy": 58.399, "architecture_maturity": 6.643, "architecture_confidence": 71.376, "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": 17.04, "rotation_up": 69.52, "upward_expansion": 85.21, "deceleration": 50.19, "rotation_down": 14.31, "downward_expansion": 9.54 }, "activity_lines": [ 70.190335, 69.569273, 67.89381, 67.287183 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 70.980003, "trend_reference": 67.086334, "distance_from_trend": 0.05804, "trend_direction": "Improving", "fair_value": 62.296763, "distance_from_fair_value": 0.139385, "fair_value_direction": "Improving", "relative_strength": -0.549445, "relative_strength_direction": "Improving", "price_momentum": 0.028323, "excess_performance": -0.022912, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.05804, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.008893, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.139385, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.10895, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.005494, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.056853, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.028323, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.162437, "read": "Demand-led" } ], "volume": { "latest": 47142, "relative_activity": 0.902332, "balance": 1.162437, "dry_up": 1.063029, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.031184, "annualized_volatility": 0.168496, "from_high_reference": -0.017306, "from_low_reference": 0.238744 }, "levels": { "trend_reference": 67.086334, "fair_value_reference": 62.296763, "structural_low": 61.48, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 27, "median_return": 0.003822, "positive_rate": 0.592593, "directional_follow_through": 0.592593, "median_excess_return": -0.001519, "regime_survival": 0.703704, "best_return": 0.054749, "worst_return": -0.091208, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.011049, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.06356, "regime_survival": 0.222222, "best_return": 0.1082, "worst_return": -0.078403, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.005083, "positive_rate": 0.428571, "directional_follow_through": 0.428571, "median_excess_return": -0.028927, "regime_survival": 0.428571, "best_return": 0.073043, "worst_return": -0.057853, "sufficient": true }, { 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"modifier": "Value reclamation", "gate": "mixed", "direction": 37.828969, "energy": 65.97967, "activity_lines": [ 69.867333, 68.725273, 67.107048, 66.855635 ] }, { "date": "2026-07-31", "close": 69.690002, "volume": 38525, "typical_volume": 50956.45, "trend": 67.025, "fair_value": 62.21109, "relative_strength": -2.002333, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 63.299225, "energy": 61.541484, "activity_lines": [ 69.831334, 69.068546, 67.449095, 67.032022 ] }, { "date": "2026-08-07", "close": 70.980003, "volume": 47142, "typical_volume": 52244.6, "trend": 67.086334, "fair_value": 62.296763, "relative_strength": -0.549445, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.641288, "energy": 58.39939, "activity_lines": [ 70.190335, 69.569273, 67.89381, 67.287183 ] } ], "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." } } }