{ "ticker": { "uuid": "79a1d8bc-2b05-4fe8-9628-72f85700cb94", "symbol": "DTEC", "name": "Global X Defence Tech ETF", "exchange": "ASX", "country": "AU", "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": "^AXJO", "stage": 4, "stage_name": "Declining", "phase": "4c", "phase_label": "Stage 4C \u00b7 Repair watch", "transition": "stage_4_to_1_watch", "transition_label": "Stage 4 \u2192 1 repair watch", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -27.977, "architecture_energy": 21.267, "architecture_maturity": 78.365, "architecture_confidence": 79.318, "architecture_tenure": "Developing", "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": 39.71, "rotation_up": 30.19, "upward_expansion": 22.53, "deceleration": 43.87, "rotation_down": 26.78, "downward_expansion": 58.86 }, "activity_lines": [ 15.916667, 15.689184, 15.887703, 16.493396 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 16.82, "trend_reference": 17.355871, "distance_from_trend": -0.030875, "trend_direction": "Weakening", "fair_value": 15.542753, "distance_from_fair_value": 0.082176, "fair_value_direction": "Improving", "relative_strength": -8.927582, "relative_strength_direction": "Improving", "price_momentum": -0.081376, "excess_performance": -0.145082, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.030875, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.037745, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.082176, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.058937, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.089276, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.013091, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.081376, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.802922, "read": "Supply-led" } ], "volume": { "latest": 87665, "relative_activity": 0.755795, "balance": 0.802922, "dry_up": 0.77379, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.050214, "annualized_volatility": 0.319668, "from_high_reference": -0.217674, "from_low_reference": 0.156315 }, "levels": { "trend_reference": 17.355871, "fair_value_reference": 15.542753, 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"downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.413072, "energy": 59.352073, "activity_lines": [ 15.240456, 15.425086, 16.07641, 16.77852 ] }, { "date": "2026-07-24", "close": 15.7, "volume": 85908, "typical_volume": 121744.3, "trend": 17.518871, "fair_value": 15.528343, "relative_strength": -10.52377, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.445008, "energy": 43.706853, "activity_lines": [ 15.394414, 15.452421, 15.962857, 16.657099 ] }, { "date": "2026-07-31", "close": 15.62, "volume": 78945, "typical_volume": 116649.05, "trend": 17.458538, "fair_value": 15.529308, "relative_strength": -12.824512, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.357995, "energy": 40.949207, "activity_lines": [ 15.491333, 15.459748, 15.859303, 16.534592 ] }, { "date": "2026-08-07", "close": 16.82, "volume": 87665, "typical_volume": 115990.45, "trend": 17.355871, "fair_value": 15.542753, "relative_strength": -8.927582, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.9769, "energy": 21.266785, "activity_lines": [ 15.916667, 15.689184, 15.887703, 16.493396 ] } ], "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." } } }