{ "ticker": { "uuid": "b153e87f-3a8d-447b-ae7e-f055e226c115", "symbol": "R2US", "name": "State Street SPDR Russell 2000 US Small Cap UCITS ETF", "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": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 63.921, "architecture_energy": 48.151, "architecture_maturity": 59.226, "architecture_confidence": 56.728, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 22.52, "rotation_up": 42.72, "upward_expansion": 66.59, "deceleration": 68.0, "rotation_down": 27.34, "downward_expansion": 18.93 }, "activity_lines": [ 86.788666, 86.829635, 85.440642, 83.24201 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 88.510002, "trend_reference": 80.778, "distance_from_trend": 0.095719, "trend_direction": "Improving", "fair_value": 65.122308, "distance_from_fair_value": 0.359135, "fair_value_direction": "Improving", "relative_strength": 6.699442, "relative_strength_direction": "Weakening", "price_momentum": 0.145612, "excess_performance": 0.094377, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.095719, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.062677, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.359135, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.026466, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.066994, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.041568, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.145612, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.910141, "read": "Supply-led" } ], "volume": { "latest": 308597, "relative_activity": 1.280924, "balance": 0.910141, "dry_up": 1.460448, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.026233, "annualized_volatility": 0.153005, "from_high_reference": -0.010287, "from_low_reference": 0.380165 }, "levels": { "trend_reference": 80.778, "fair_value_reference": 65.122308, "structural_low": 69.910004, "invalidation": "A 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"typical_volume": 260905.55, "trend": 79.950333, "fair_value": 64.715833, "relative_strength": 6.235711, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.410071, "energy": 55.685464, "activity_lines": [ 86.716665, 86.586362, 84.533832, 82.378311 ] }, { "date": "2026-07-31", "close": 85.199997, "volume": 184530, "typical_volume": 245989.15, "trend": 80.372333, "fair_value": 64.903782, "relative_strength": 3.297498, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.354816, "energy": 42.230673, "activity_lines": [ 86.109332, 86.422271, 84.861022, 82.716999 ] }, { "date": "2026-08-07", "close": 88.510002, "volume": 308597, "typical_volume": 240917.5, "trend": 80.778, "fair_value": 65.122308, "relative_strength": 6.699442, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.920997, "energy": 48.150576, "activity_lines": [ 86.788666, 86.829635, 85.440642, 83.24201 ] } ], "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." } } }