{ "ticker": { "uuid": "65acc501-0af3-4f79-805a-ab9530bef486", "symbol": "SMAG", "name": "Leverage Shares -3x Short Magnificent 7 ETP Securities", "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": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 95.951, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -73.297, "architecture_energy": 44.487, "architecture_maturity": 54.533, "architecture_confidence": 92.995, "architecture_tenure": "Established", "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": 45.93, "rotation_up": 22.77, "upward_expansion": 4.94, "deceleration": 52.52, "rotation_down": 51.3, "downward_expansion": 75.94 }, "activity_lines": [ 113.58, 117.578182, 117.893095, 127.849462 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 97.75, "trend_reference": 138.385, "distance_from_trend": -0.293637, "trend_direction": "Weakening", "fair_value": 512.25796, "distance_from_fair_value": -0.809178, "fair_value_direction": "Improving", "relative_strength": -41.14033, "relative_strength_direction": "Improving", "price_momentum": -0.382891, "excess_performance": -0.434127, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.293637, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.068668, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.809178, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.006483, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.411403, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.102857, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.382891, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.855664, "read": "Supply-led" } ], "volume": { "latest": 50183, "relative_activity": 0.440606, "balance": 0.855664, "dry_up": 0.500457, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.161283, "annualized_volatility": 0.826321, "from_high_reference": -0.592369, "from_low_reference": 0.004625 }, "levels": { "trend_reference": 138.385, "fair_value_reference": 512.25796, "structural_low": 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"regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.568332, "energy": 25.136432, "activity_lines": [ 126.843333, 118.101818, 130.723571, 137.975484 ] }, { "date": "2026-07-03", "close": 120.4, "volume": 0, "typical_volume": 122639.75, "trend": 143.0, "fair_value": 528.975522, "relative_strength": -33.065112, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.625382, "energy": 28.162459, "activity_lines": [ 126.906667, 119.096363, 128.465952, 136.47215 ] }, { "date": "2026-07-10", "close": 109.45, "volume": 128017, "typical_volume": 126965.75, "trend": 141.621667, "fair_value": 525.479476, "relative_strength": -36.686827, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.450112, "energy": 27.83499, "activity_lines": [ 121.866667, 118.176363, 125.392619, 134.307634 ] }, { "date": "2026-07-17", "close": 111.8, "volume": 64161, "typical_volume": 126645.1, "trend": 140.638333, "fair_value": 522.060637, "relative_strength": -34.593908, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.343197, "energy": 39.026031, "activity_lines": [ 117.74, 117.794545, 122.799048, 132.383656 ] }, { "date": "2026-07-24", "close": 129.7, "volume": 52536, "typical_volume": 126983.55, "trend": 140.508333, "fair_value": 518.844566, "relative_strength": -23.753936, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.180449, "energy": 30.39819, "activity_lines": [ 120.526667, 120.507273, 122.172619, 131.677957 ] }, { "date": "2026-07-31", "close": 123.2, "volume": 61119, "typical_volume": 115516.15, "trend": 139.783333, "fair_value": 515.627944, "relative_strength": -26.959834, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.024473, "energy": 27.886696, "activity_lines": [ 120.633333, 121.543636, 121.108333, 130.56129 ] }, { "date": "2026-08-07", "close": 97.75, "volume": 50183, "typical_volume": 113895.35, "trend": 138.385, "fair_value": 512.25796, "relative_strength": -41.14033, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.296518, "energy": 44.48668, "activity_lines": [ 113.58, 117.578182, 117.893095, 127.849462 ] } ], "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." } } }