{ "ticker": { "uuid": "650901b3-51fa-4f68-89de-036694115a65", "symbol": "ENZL", "name": "ISHARES MSCI NEW ZEALAND ETF", "exchange": "NASDAQ", "country": "US", "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": "QQQ", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 81.59, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 69.572, "architecture_energy": 69.337, "architecture_maturity": 6.055, "architecture_confidence": 69.417, "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": 20.49, "rotation_up": 75.45, "upward_expansion": 92.95, "deceleration": 39.54, "rotation_down": 10.91, "downward_expansion": 14.95 }, "activity_lines": [ 46.93554, 46.291881, 45.559052, 45.194901 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 47.3584, "trend_reference": 45.073694, "distance_from_trend": 0.050688, "trend_direction": "Improving", "fair_value": 44.0485, "distance_from_fair_value": 0.075142, "fair_value_direction": "Improving", "relative_strength": -8.005767, "relative_strength_direction": "Improving", "price_momentum": 0.00454, "excess_performance": -0.182914, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.050688, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.008503, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.075142, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.041354, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.080058, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.073528, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.00454, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.955946, "read": "Demand-led" } ], "volume": { "latest": 1018234, "relative_activity": 3.464117, "balance": 1.955946, "dry_up": 2.505135, "accumulation_observations": 5, "distribution_observations": 3 }, "risk": { "range_context": 0.033686, "annualized_volatility": 0.196643, "from_high_reference": -0.012029, "from_low_reference": 0.147013 }, "levels": { "trend_reference": 45.073694, "fair_value_reference": 44.0485, "structural_low": 41.288455, 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44.679552 ] }, { "date": "2026-07-17", "close": 46.9442, "volume": 633673, "typical_volume": 193206.2, "trend": 44.911065, "fair_value": 44.007268, "relative_strength": -6.079315, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 40.093934, "energy": 41.152936, "activity_lines": [ 45.901913, 45.458075, 44.862651, 44.816213 ] }, { "date": "2026-07-24", "close": 46.5741, "volume": 754524, "typical_volume": 226485.85, "trend": 44.953793, "fair_value": 44.013301, "relative_strength": -5.009738, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 33.705967, "energy": 50.23145, "activity_lines": [ 46.263287, 45.726301, 45.071668, 44.923505 ] }, { "date": "2026-07-31", "close": 46.8151, "volume": 538982, "typical_volume": 248471.05, "trend": 45.013076, "fair_value": 44.025525, "relative_strength": -4.754984, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 62.955158, "energy": 66.074151, "activity_lines": [ 46.592033, 45.984439, 45.297458, 45.043589 ] }, { "date": "2026-08-07", "close": 47.3584, "volume": 1018234, "typical_volume": 293937.55, "trend": 45.073694, "fair_value": 44.0485, "relative_strength": -8.005767, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.57209, "energy": 69.337316, "activity_lines": [ 46.93554, 46.291881, 45.559052, 45.194901 ] } ], "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." } } }