{ "ticker": { "uuid": "6641c79f-d7c2-496f-8a0a-e90c2d45fd9b", "symbol": "I500", "name": "iShares S&P 500 Swap UCITS ETF", "exchange": "EBS", "country": "CH", "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": "2026-08-21", "benchmark": "^SSMI", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 70.675, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 66.601, "architecture_energy": 76.933, "architecture_maturity": 39.72, "architecture_confidence": 76.809, "architecture_tenure": "Established", "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": 17.63, "rotation_up": 67.26, "upward_expansion": 88.34, "deceleration": 51.76, "rotation_down": 15.07, "downward_expansion": 17.34 }, "activity_lines": [ 12.862533, 12.728, 12.591333, 12.33991 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 12.88, "trend_reference": 12.020467, "distance_from_trend": 0.071506, "trend_direction": "Improving", "fair_value": 9.818417, "distance_from_fair_value": 0.31182, "fair_value_direction": "Weakening", "relative_strength": 0.815657, "relative_strength_direction": "Weakening", "price_momentum": 0.127056, "excess_performance": 0.083966, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.071506, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.035295, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.31182, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.024695, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.008157, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.052027, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.127056, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.514195, "read": "Supply-led" } ], "volume": { "latest": 900571, "relative_activity": 2.387187, "balance": 0.514195, "dry_up": 1.516878, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.016579, "annualized_volatility": 0.136605, "from_high_reference": -0.016193, "from_low_reference": 0.219697 }, "levels": { "trend_reference": 12.020467, "fair_value_reference": 9.818417, "structural_low": 10.638, "invalidation": "A 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"relative_strength": -1.441225, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.623068, "energy": 64.829723, "activity_lines": [ 12.5136, 12.503855, 12.332067, 12.097892 ] }, { "date": "2026-07-31", "close": 12.468, "volume": 217134, "typical_volume": 319055.45, "trend": 11.878267, "fair_value": 9.705853, "relative_strength": -1.536127, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.150948, "energy": 52.858778, "activity_lines": [ 12.5044, 12.495855, 12.373705, 12.13806 ] }, { "date": "2026-08-07", "close": 12.972, "volume": 762967, "typical_volume": 340873.25, "trend": 11.9248, "fair_value": 9.742788, "relative_strength": 1.031967, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.17258, "energy": 67.336141, "activity_lines": [ 12.6528, 12.580291, 12.456819, 12.208624 ] }, { "date": "2026-08-14", "close": 13.054, "volume": 408309, "typical_volume": 332604.95, "trend": 11.974267, "fair_value": 9.781295, "relative_strength": 2.713853, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.991187, "energy": 72.373022, "activity_lines": [ 12.8004, 12.674582, 12.537943, 12.281475 ] }, { "date": "2026-08-21", "close": 12.88, "volume": 900571, "typical_volume": 377251.95, "trend": 12.020467, "fair_value": 9.818417, "relative_strength": 0.815657, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.601292, "energy": 76.933239, "activity_lines": [ 12.862533, 12.728, 12.591333, 12.33991 ] } ], "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." } } }