{ "ticker": { "uuid": "aad94638-d7cf-4200-9e45-ec4b8a8d4785", "symbol": "IS-FF402", "name": "iShares IV Public Limited Company - iShares Healthcare Innovation UCITS ETF", "exchange": "TLV", "country": "IL", "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": "TA35.TA", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -63.244, "architecture_energy": 66.95, "architecture_maturity": 100.0, "architecture_confidence": 77.952, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 17.71, "rotation_up": 29.96, "upward_expansion": 16.5, "deceleration": 61.0, "rotation_down": 47.74, "downward_expansion": 73.83 }, "activity_lines": [ 29.468667, 73.475273, 830.640667, 1336.716 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 29.94, "trend_reference": 1927.304667, "distance_from_trend": -0.984465, "trend_direction": "Weakening", "fair_value": 2592.090641, "distance_from_fair_value": -0.988449, "fair_value_direction": "Weakening", "relative_strength": -98.856987, "relative_strength_direction": "Weakening", "price_momentum": -0.989854, "excess_performance": -1.035592, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.984465, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.307273, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.988449, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.935072, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.98857, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.718214, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.989854, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.827217, "read": "Supply-led" } ], "volume": { "latest": 1079, "relative_activity": 0.623105, "balance": 0.827217, "dry_up": 0.437011, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 6.933482, "annualized_volatility": 6.317193, "from_high_reference": -0.990007, "from_low_reference": 0.194256 }, "levels": { "trend_reference": 1927.304667, "fair_value_reference": 2592.090641, "structural_low": 25.07, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 24, "median_return": -0.002338, "positive_rate": 0.416667, "directional_follow_through": 0.583333, "median_excess_return": -0.026246, "regime_survival": 0.833333, "best_return": 0.0753, "worst_return": -0.989179, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": 0.027058, "positive_rate": 0.555556, "directional_follow_through": 0.444444, "median_excess_return": -0.071794, "regime_survival": 0.555556, "best_return": 0.077593, "worst_return": -0.988942, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.022645, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": -0.248151, "regime_survival": 0.4, "best_return": 0.074896, "worst_return": -0.212169, "sufficient": true }, 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} ], "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." } } }