{ "ticker": { "uuid": "9e6a61bf-1f0d-4c92-a3b2-12cecc44de52", "symbol": "EX04", "name": "iShares Public Limited Company - iShares Core FTSE 100 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": "Early expansion", "architecture_gate": "up", "architecture_direction": 79.868, "architecture_energy": 89.138, "architecture_maturity": 14.727, "architecture_confidence": 64.77, "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": 3.29, "rotation_up": 84.87, "upward_expansion": 98.97, "deceleration": 39.04, "rotation_down": 8.66, "downward_expansion": 20.97 }, "activity_lines": [ 12.319333, 12.151661, 11.948636, 11.849851 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 12.43, "trend_reference": 11.736454, "distance_from_trend": 0.059093, "trend_direction": "Improving", "fair_value": 9.667236, "distance_from_fair_value": 0.285786, "fair_value_direction": "Improving", "relative_strength": -9.698311, "relative_strength_direction": "Weakening", "price_momentum": 0.073093, "excess_performance": -0.101154, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.059093, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.03539, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.285786, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.055027, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.096983, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.002332, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.073093, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 5.0, "read": "Demand-led" } ], "volume": { "latest": 0, "relative_activity": 0.0, "balance": 5.0, "dry_up": 0.0, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.018531, "annualized_volatility": 0.14554, "from_high_reference": -0.005759, "from_low_reference": 0.232634 }, "levels": { "trend_reference": 11.736454, "fair_value_reference": 9.667236, "structural_low": 10.958, "invalidation": "A decisive breakout 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"Re-accelerating", "gate": "up", "direction": 76.116324, "energy": 75.44568, "activity_lines": [ 12.002133, 11.881833, 11.764272, 11.713145 ] }, { "date": "2026-07-24", "close": 12.258, "volume": 0, "typical_volume": 360.0, "trend": 11.654076, "fair_value": 9.608015, "relative_strength": -8.722756, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.102836, "energy": 82.717418, "activity_lines": [ 12.116267, 11.968034, 11.819453, 11.754885 ] }, { "date": "2026-07-31", "close": 12.394, "volume": 0, "typical_volume": 360.0, "trend": 11.697949, "fair_value": 9.637519, "relative_strength": -7.468534, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.698675, "energy": 86.80187, "activity_lines": [ 12.233467, 12.062, 11.88426, 11.802622 ] }, { "date": "2026-08-07", "close": 12.43, "volume": 0, "typical_volume": 360.0, "trend": 11.736454, "fair_value": 9.667236, "relative_strength": -9.698311, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.86758, "energy": 89.138399, "activity_lines": [ 12.319333, 12.151661, 11.948636, 11.849851 ] } ], "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." } } }