{ "ticker": { "uuid": "b2b0c477-61be-4319-b3b2-3de61f3d83f7", "symbol": "VFEM", "name": "Vanguard FTSE Emerging Markets UCITS ETF USD Distributing", "exchange": "EBS", "country": "CH", "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": "^SSMI", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 67.111, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 73.047, "architecture_energy": 43.514, "architecture_maturity": 70.134, "architecture_confidence": 53.916, "architecture_tenure": "Established", "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": 22.84, "rotation_up": 47.82, "upward_expansion": 74.64, "deceleration": 68.04, "rotation_down": 26.99, "downward_expansion": 10.31 }, "activity_lines": [ 65.934665, 65.780312, 65.061511, 64.061556 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 67.309998, "trend_reference": 62.98559, "distance_from_trend": 0.068657, "trend_direction": "Improving", "fair_value": 53.756298, "distance_from_fair_value": 0.252132, "fair_value_direction": "Improving", "relative_strength": -0.55201, "relative_strength_direction": "Weakening", "price_momentum": 0.096497, "excess_performance": 0.013614, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.068657, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.034471, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.252132, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.011929, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.00552, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.078533, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.096497, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.438603, "read": "Supply-led" } ], "volume": { "latest": 22092, "relative_activity": 1.105429, "balance": 0.438603, "dry_up": 0.708444, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.026122, "annualized_volatility": 0.159474, "from_high_reference": -0.001632, "from_low_reference": 0.216992 }, "levels": { "trend_reference": 62.98559, "fair_value_reference": 53.756298, "structural_low": 56.110001, 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62.575276, "fair_value": 53.488239, "relative_strength": -2.250315, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.379023, "energy": 35.573263, "activity_lines": [ 65.277332, 65.334372, 64.49394, 63.579626 ] }, { "date": "2026-07-31", "close": 65.519997, "volume": 12232, "typical_volume": 19373.05, "trend": 62.784814, "fair_value": 53.614527, "relative_strength": -1.869492, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.430334, "energy": 31.264472, "activity_lines": [ 65.326665, 65.415051, 64.707715, 63.769608 ] }, { "date": "2026-08-07", "close": 67.309998, "volume": 22092, "typical_volume": 19985.0, "trend": 62.98559, "fair_value": 53.756298, "relative_strength": -0.55201, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.046652, "energy": 43.514472, "activity_lines": [ 65.934665, 65.780312, 65.061511, 64.061556 ] } ], "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." } } }