{ "ticker": { "uuid": "89fd41b6-f613-4c02-8793-c4e68dcfbd47", "symbol": "ESPX", "name": "iShares S&P 500 Scored and Screened UCITS ETF USD (Acc)", "exchange": "AMS", "country": "NL", "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": "^AEX", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 94.723, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 88.606, "architecture_energy": 66.681, "architecture_maturity": 49.503, "architecture_confidence": 69.712, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 23.01, "rotation_up": 55.11, "upward_expansion": 81.96, "deceleration": 70.88, "rotation_down": 28.07, "downward_expansion": 10.96 }, "activity_lines": [ 9.747533, 9.6954, 9.595139, 9.405473 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 10.052, "trend_reference": 9.193097, "distance_from_trend": 0.093429, "trend_direction": "Improving", "fair_value": 7.479951, "distance_from_fair_value": 0.343859, "fair_value_direction": "Improving", "relative_strength": 0.928475, "relative_strength_direction": "Weakening", "price_momentum": 0.126035, "excess_performance": 0.009372, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.093429, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.036841, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.343859, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.015158, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.009285, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.050285, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.126035, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 4.168029, "read": "Demand-led" } ], "volume": { "latest": 69518, "relative_activity": 0.86221, "balance": 4.168029, "dry_up": 0.805787, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.016935, "annualized_volatility": 0.128082, "from_high_reference": -0.00258, "from_low_reference": 0.257333 }, "levels": { "trend_reference": 9.193097, "fair_value_reference": 7.479951, "structural_low": 8.1977, "invalidation": "A sustained loss of 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"Established expansion", "gate": "up", "direction": 69.331195, "energy": 64.675769, "activity_lines": [ 9.643933, 9.622595, 9.37099, 9.213694 ] }, { "date": "2026-07-10", "close": 9.678, "volume": 48820, "typical_volume": 100593.4, "trend": 9.074687, "fair_value": 7.376529, "relative_strength": -0.364095, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.702617, "energy": 68.202397, "activity_lines": [ 9.656533, 9.642036, 9.422012, 9.254682 ] }, { "date": "2026-07-17", "close": 9.574, "volume": 52098, "typical_volume": 100513.55, "trend": 9.10293, "fair_value": 7.401444, "relative_strength": -2.166951, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.732738, "energy": 56.986273, "activity_lines": [ 9.63, 9.634018, 9.459345, 9.286895 ] }, { "date": "2026-07-24", "close": 9.557, "volume": 97314, "typical_volume": 86522.15, "trend": 9.127217, "fair_value": 7.4259, "relative_strength": -2.15832, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.600709, "energy": 52.609938, "activity_lines": [ 9.6024, 9.621182, 9.491649, 9.31619 ] }, { "date": "2026-07-31", "close": 9.614, "volume": 40945, "typical_volume": 79503.3, "trend": 9.154903, "fair_value": 7.451202, "relative_strength": -2.374913, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.760327, "energy": 43.890337, "activity_lines": [ 9.602667, 9.618727, 9.525081, 9.347595 ] }, { "date": "2026-08-07", "close": 10.052, "volume": 69518, "typical_volume": 80627.7, "trend": 9.193097, "fair_value": 7.479951, "relative_strength": 0.928475, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 88.605663, "energy": 66.681061, "activity_lines": [ 9.747533, 9.6954, 9.595139, 9.405473 ] } ], "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." } } }