{ "ticker": { "uuid": "b0e0bb24-274f-4108-91c5-429160660df8", "symbol": "WMAT", "name": "State Street SPDR MSCI World Materials UCITS ETF USD Acc", "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": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 68.861, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": 22.414, "architecture_energy": 12.088, "architecture_maturity": 10.473, "architecture_confidence": 62.456, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 57.35, "rotation_up": 30.32, "upward_expansion": 25.97, "deceleration": 67.16, "rotation_down": 40.27, "downward_expansion": 29.97 }, "activity_lines": [ 80.883334, 80.700728, 81.322119, 81.294506 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Stable", "price_acceptance": -0.5 }, "latest_close": 84.599998, "trend_reference": 81.196833, "distance_from_trend": 0.041913, "trend_direction": "Improving", "fair_value": 65.780128, "distance_from_fair_value": 0.286103, "fair_value_direction": "Weakening", "relative_strength": 2.81873, "relative_strength_direction": "Weakening", "price_momentum": 0.050149, "excess_performance": -0.001086, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.041913, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.043688, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.286103, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.023594, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.028187, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.071959, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.050149, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.419478, "read": "Supply-led" } ], "volume": { "latest": 23178, "relative_activity": 0.784275, "balance": 0.419478, "dry_up": 0.51906, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.03526, "annualized_volatility": 0.256176, "from_high_reference": -0.034577, "from_low_reference": 0.301538 }, "levels": { "trend_reference": 81.196833, "fair_value_reference": 65.780128, "structural_low": 71.389999, "invalidation": "A 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"direction": -31.612273, "energy": 45.773938, "activity_lines": [ 79.203002, 80.016001, 80.979001, 81.056484 ] }, { "date": "2026-08-07", "close": 84.599998, "volume": 23178, "typical_volume": 29553.4, "trend": 81.196833, "fair_value": 65.780128, "relative_strength": 2.81873, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 22.413526, "energy": 12.08781, "activity_lines": [ 80.883334, 80.700728, 81.322119, 81.294506 ] } ], "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." } } }