{ "ticker": { "uuid": "710e2071-400b-426d-9845-7a0eee49e316", "symbol": "DB37", "name": "Xtrackers - S&P Global Infrastructure Swap UCITS ETF", "exchange": "VIE", "country": "AT", "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": "^ATX", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 32.367, "architecture_energy": 25.363, "architecture_maturity": 52.247, "architecture_confidence": 44.251, "architecture_tenure": "Developing", "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": 42.55, "rotation_up": 37.13, "upward_expansion": 64.54, "deceleration": 65.08, "rotation_down": 27.15, "downward_expansion": 16.87 }, "activity_lines": [ 71.08, 71.250363, 70.689428, 70.356838 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 69.889999, "trend_reference": 69.600333, "distance_from_trend": 0.004162, "trend_direction": "Improving", "fair_value": 58.255352, "distance_from_fair_value": 0.199718, "fair_value_direction": "Weakening", "relative_strength": -14.488289, "relative_strength_direction": "Weakening", "price_momentum": 0.04485, "excess_performance": -0.129397, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.004162, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.03815, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.199718, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.021906, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.144883, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.05362, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.04485, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 15.35, "read": "Demand-led" } ], "volume": { "latest": 0, "relative_activity": 0.0, "balance": 15.35, "dry_up": 3.483665, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.017269, "annualized_volatility": 0.114275, "from_high_reference": -0.040895, "from_low_reference": 0.154062 }, "levels": { "trend_reference": 69.600333, "fair_value_reference": 58.255352, "structural_low": 66.809998, "invalidation": 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"close": 71.209999, "volume": 0, "typical_volume": 227.6, "trend": 68.552667, "fair_value": 57.658814, "relative_strength": -11.90671, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.8123, "energy": 76.4804, "activity_lines": [ 71.446, 70.754, 70.257238, 69.75714 ] }, { "date": "2026-07-17", "close": 71.800003, "volume": 921, "typical_volume": 243.55, "trend": 68.857333, "fair_value": 57.807788, "relative_strength": -9.190734, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.646994, "energy": 76.794383, "activity_lines": [ 71.638667, 71.045273, 70.421143, 69.966645 ] }, { "date": "2026-07-24", "close": 72.459999, "volume": 0, "typical_volume": 82.4, "trend": 69.169667, "fair_value": 57.960128, "relative_strength": -9.379211, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.063518, "energy": 68.685255, "activity_lines": [ 71.934667, 71.403637, 70.643905, 70.199075 ] }, { "date": "2026-07-31", "close": 71.139999, "volume": 60, "typical_volume": 70.4, "trend": 69.415, "fair_value": 58.112211, "relative_strength": -10.692566, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.696756, "energy": 45.521428, "activity_lines": [ 71.676, 71.451636, 70.728285, 70.326193 ] }, { "date": "2026-08-07", "close": 69.889999, "volume": 0, "typical_volume": 70.4, "trend": 69.600333, "fair_value": 58.255352, "relative_strength": -14.488289, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.367466, "energy": 25.363079, "activity_lines": [ 71.08, 71.250363, 70.689428, 70.356838 ] } ], "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." } } }