{ "ticker": { "uuid": "9b5f3b3f-eccc-44ea-8db9-dd105199883f", "symbol": "SMC", "name": "State Street SPDR MSCI Europe Small Cap UCITS ETF", "exchange": "PAR", "country": "FR", "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": "^FCHI", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 90.914, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 77.423, "architecture_energy": 67.462, "architecture_maturity": 34.937, "architecture_confidence": 85.328, "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": 23.96, "rotation_up": 67.91, "upward_expansion": 89.23, "deceleration": 43.56, "rotation_down": 16.19, "downward_expansion": 13.57 }, "activity_lines": [ 391.083335, 387.828184, 384.422859, 379.899787 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 399.0, "trend_reference": 375.808336, "distance_from_trend": 0.061711, "trend_direction": "Improving", "fair_value": 324.53686, "distance_from_fair_value": 0.229444, "fair_value_direction": "Improving", "relative_strength": 2.262002, "relative_strength_direction": "Weakening", "price_momentum": 0.06471, "excess_performance": 0.011398, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.061711, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.032091, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.229444, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.027476, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.02262, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.031978, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.06471, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.153559, "read": "Demand-led" } ], "volume": { "latest": 2055, "relative_activity": 0.65657, "balance": 2.153559, "dry_up": 0.860331, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.025583, "annualized_volatility": 0.155702, "from_high_reference": -0.014693, "from_low_reference": 0.201265 }, "levels": { "trend_reference": 375.808336, "fair_value_reference": 324.53686, "structural_low": 332.149994, 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"activity_lines": [ 385.013332, 384.293637, 380.842858, 377.32269 ] }, { "date": "2026-07-31", "close": 389.700012, "volume": 3332, "typical_volume": 3326.65, "trend": 374.86167, "fair_value": 323.74904, "relative_strength": 2.318623, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.377659, "energy": 42.179903, "activity_lines": [ 386.873336, 385.247275, 382.272859, 378.342476 ] }, { "date": "2026-08-07", "close": 399.0, "volume": 2055, "typical_volume": 3129.9, "trend": 375.808336, "fair_value": 324.53686, "relative_strength": 2.262002, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.422635, "energy": 67.461895, "activity_lines": [ 391.083335, 387.828184, 384.422859, 379.899787 ] } ], "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." } } }