{ "ticker": { "uuid": "a3103a84-b41e-4a69-8f03-7cbde8274e15", "symbol": "DJRE", "name": "SPDR ETFs Australia - State Street SPDR Dow Jones Global Real Estate ESG Tilted 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": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 51.307, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 62.528, "architecture_energy": 52.673, "architecture_maturity": 19.851, "architecture_confidence": 69.874, "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": 16.56, "rotation_up": 63.15, "upward_expansion": 81.07, "deceleration": 61.13, "rotation_down": 16.83, "downward_expansion": 7.74 }, "activity_lines": [ 22.787333, 22.661512, 22.182989, 21.932076 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 22.52, "trend_reference": 21.689992, "distance_from_trend": 0.038267, "trend_direction": "Improving", "fair_value": 20.413871, "distance_from_fair_value": 0.103171, "fair_value_direction": "Improving", "relative_strength": -1.163301, "relative_strength_direction": "Weakening", "price_momentum": 0.054801, "excess_performance": -0.008905, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.038267, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.013072, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.103171, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.047974, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.011633, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.002014, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.054801, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.519953, "read": "Supply-led" } ], "volume": { "latest": 124229, "relative_activity": 1.104785, "balance": 0.519953, "dry_up": 1.251153, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.026765, "annualized_volatility": 0.118568, "from_high_reference": -0.044548, "from_low_reference": 0.106634 }, "levels": { "trend_reference": 21.689992, "fair_value_reference": 20.413871, "structural_low": 20.35, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 28, "median_return": -0.005485, "positive_rate": 0.392857, "directional_follow_through": 0.392857, "median_excess_return": -0.000512, "regime_survival": 0.714286, "best_return": 0.0472, "worst_return": -0.057823, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": -0.011492, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.006529, "regime_survival": 0.2, "best_return": 0.036836, "worst_return": -0.092331, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.024821, "positive_rate": 0.714286, "directional_follow_through": 0.714286, "median_excess_return": -0.007936, "regime_survival": 0.285714, "best_return": 0.117411, "worst_return": -0.156051, "sufficient": true }, { "horizon": 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expansion", "gate": "up", "direction": 83.845499, "energy": 88.58442, "activity_lines": [ 22.740335, 22.314192, 21.859271, 21.704046 ] }, { "date": "2026-07-24", "close": 22.99, "volume": 103068, "typical_volume": 104685.15, "trend": 21.608658, "fair_value": 20.358862, "relative_strength": 6.674463, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.636683, "energy": 85.682423, "activity_lines": [ 22.89241, 22.498947, 21.993511, 21.797064 ] }, { "date": "2026-07-31", "close": 22.84, "volume": 214833, "typical_volume": 111347.0, "trend": 21.658658, "fair_value": 20.387751, "relative_strength": 3.472443, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.054011, "energy": 76.131326, "activity_lines": [ 22.902, 22.622446, 22.107702, 21.876505 ] }, { "date": "2026-08-07", "close": 22.52, "volume": 124229, "typical_volume": 112446.3, "trend": 21.689992, "fair_value": 20.413871, "relative_strength": -1.163301, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.52813, "energy": 52.673398, "activity_lines": [ 22.787333, 22.661512, 22.182989, 21.932076 ] } ], "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." } } }