{ "ticker": { "uuid": "8ed60609-f1eb-4488-9575-66df90deb240", "symbol": "STZX", "name": "State Street SPDR MSCI Europe Financials 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": "2026-08-07", "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": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 91.355, "architecture_energy": 96.484, "architecture_maturity": 43.376, "architecture_confidence": 77.965, "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": 0.0, "rotation_up": 88.12, "upward_expansion": 99.89, "deceleration": 39.03, "rotation_down": 9.6, "downward_expansion": 21.89 }, "activity_lines": [ 148.776004, 145.364729, 139.221905, 134.861893 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 152.320007, "trend_reference": 130.5, "distance_from_trend": 0.167203, "trend_direction": "Improving", "fair_value": 97.889487, "distance_from_fair_value": 0.556041, "fair_value_direction": "Improving", "relative_strength": 9.917318, "relative_strength_direction": "Improving", "price_momentum": 0.194667, "excess_performance": 0.111783, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.167203, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.054886, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.556041, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.167873, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.099173, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.052969, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.194667, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 7.581625, "read": "Demand-led" } ], "volume": { "latest": 564, "relative_activity": 0.689908, "balance": 7.581625, "dry_up": 2.600917, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.021544, "annualized_volatility": 0.207083, "from_high_reference": -0.004835, "from_low_reference": 0.386492 }, "levels": { "trend_reference": 130.5, "fair_value_reference": 97.889487, "structural_low": 109.860001, "invalidation": "A 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"activity_lines": [ 141.196, 137.285817, 132.337237, 129.847354 ] }, { "date": "2026-07-17", "close": 143.699997, "volume": 189, "typical_volume": 814.05, "trend": 128.292, "fair_value": 96.289295, "relative_strength": 5.755508, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.637876, "energy": 91.719945, "activity_lines": [ 142.599999, 139.009817, 133.811237, 130.880558 ] }, { "date": "2026-07-24", "close": 146.5, "volume": 4246, "typical_volume": 948.2, "trend": 128.948666, "fair_value": 96.797628, "relative_strength": 7.719544, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.617368, "energy": 94.651785, "activity_lines": [ 144.206666, 140.945454, 135.465809, 132.055268 ] }, { "date": "2026-07-31", "close": 149.820007, "volume": 3506, "typical_volume": 898.35, "trend": 129.688666, "fair_value": 97.335705, "relative_strength": 9.780653, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.918026, "energy": 95.941498, "activity_lines": [ 146.462669, 143.107637, 137.306666, 133.401806 ] }, { "date": "2026-08-07", "close": 152.320007, "volume": 564, "typical_volume": 817.5, "trend": 130.5, "fair_value": 97.889487, "relative_strength": 9.917318, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.355201, "energy": 96.483725, "activity_lines": [ 148.776004, 145.364729, 139.221905, 134.861893 ] } ], "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." } } }