{ "ticker": { "uuid": "aa5c8ff2-1e57-438d-b94b-ad627b584f93", "symbol": "XBNK", "name": "LEGAL & GENERAL UCITS ETF PUBLI", "exchange": "LSE", "country": "GB", "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": "^FTSE", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 95.094, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "up", "architecture_direction": 77.51, "architecture_energy": 66.433, "architecture_maturity": 6.56, "architecture_confidence": 71.118, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The prior uptrend is attempting to re-accelerate.", "body": "Positive Trend survived a recompression and Fast Activity is strengthening again. Promotion requires renewed confirmation across the completed evidence set." }, "scores": { "balance": 31.49, "rotation_up": 68.94, "upward_expansion": 86.37, "deceleration": 45.75, "rotation_down": 14.83, "downward_expansion": 15.37 }, "activity_lines": [ 10.824467, 10.811218, 10.806376, 10.796417 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 10.861, "trend_reference": 10.785533, "distance_from_trend": 0.006997, "trend_direction": "Improving", "fair_value": 10.483485, "distance_from_fair_value": 0.03601, "fair_value_direction": "Weakening", "relative_strength": -6.750116, "relative_strength_direction": "Weakening", "price_momentum": 0.006207, "excess_performance": -0.045028, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.006997, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.003635, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.03601, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.001975, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.067501, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.023599, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.006207, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 234.0, "read": "Demand-led" } ], "volume": { "latest": 1, "relative_activity": 0.000529, "balance": 234.0, "dry_up": 0.000397, "accumulation_observations": 0, "distribution_observations": 0 }, "risk": { "range_context": 0.002968, "annualized_volatility": 0.02339, "from_high_reference": -0.00046, "from_low_reference": 0.030358 }, "levels": { "trend_reference": 10.785533, "fair_value_reference": 10.483485, "structural_low": 10.674, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Extended", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": null, 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46.314621, "energy": 30.838158, "activity_lines": [ 10.805867, 10.808, 10.78979, 10.778791 ] }, { "date": "2026-06-19", "close": 10.781, "volume": 0, "typical_volume": 1986.05, "trend": 10.762, "fair_value": 10.457683, "relative_strength": -4.573795, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.16937, "energy": 24.372249, "activity_lines": [ 10.798667, 10.802836, 10.789538, 10.780344 ] }, { "date": "2026-06-26", "close": 10.783, "volume": 1, "typical_volume": 1986.1, "trend": 10.766133, "fair_value": 10.461338, "relative_strength": -5.589358, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 33.039848, "energy": 17.79337, "activity_lines": [ 10.792533, 10.798236, 10.789571, 10.781699 ] }, { "date": "2026-07-03", "close": 10.803, "volume": 0, "typical_volume": 1986.1, "trend": 10.770367, "fair_value": 10.465134, "relative_strength": -6.626865, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.822735, "energy": 17.622087, "activity_lines": [ 10.793667, 10.798382, 10.791562, 10.784077 ] }, { "date": "2026-07-10", "close": 10.793, "volume": 0, "typical_volume": 1986.1, "trend": 10.773167, "fair_value": 10.468737, "relative_strength": -4.848277, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 31.331831, "energy": 17.352036, "activity_lines": [ 10.793333, 10.796691, 10.792681, 10.785538 ] }, { "date": "2026-07-17", "close": 10.805, "volume": 1, "typical_volume": 1986.15, "trend": 10.7762, "fair_value": 10.472392, "relative_strength": -5.414684, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.313754, "energy": 18.899879, "activity_lines": [ 10.796867, 10.797564, 10.79499, 10.787591 ] }, { "date": "2026-07-24", "close": 10.781, "volume": 0, "typical_volume": 1986.15, "trend": 10.777433, "fair_value": 10.475711, "relative_strength": -6.565188, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.95331, "energy": 10.05184, "activity_lines": [ 10.792867, 10.794509, 10.795071, 10.787901 ] }, { "date": "2026-07-31", "close": 10.829, "volume": 1, "typical_volume": 1888.8, "trend": 10.780567, "fair_value": 10.479469, "relative_strength": -7.017397, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 62.821624, "energy": 34.34187, "activity_lines": [ 10.804867, 10.800291, 10.799557, 10.791228 ] }, { "date": "2026-08-07", "close": 10.861, "volume": 1, "typical_volume": 1888.85, "trend": 10.785533, "fair_value": 10.483485, "relative_strength": -6.750116, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 77.509726, "energy": 66.432783, "activity_lines": [ 10.824467, 10.811218, 10.806376, 10.796417 ] } ], "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." } } }