{ "ticker": { "uuid": "b7a8839c-dcb7-4b09-afa1-5a591b6fce4b", "symbol": "ICOP", "name": "iShares Copper and Metals Mining ETF", "exchange": "MEX", "country": "MX", "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": "^MXX", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 52.182, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -49.939, "architecture_energy": 33.39, "architecture_maturity": 5.371, "architecture_confidence": 69.033, "architecture_tenure": "New", "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": 50.5, "rotation_up": 13.77, "upward_expansion": 3.98, "deceleration": 46.36, "rotation_down": 53.18, "downward_expansion": 74.98 }, "activity_lines": [ 866.8, 873.931396, 887.502317, 890.02993 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 880.0, "trend_reference": 895.349436, "distance_from_trend": -0.017144, "trend_direction": "Improving", "fair_value": 399.695046, "distance_from_fair_value": 1.201679, "fair_value_direction": "Weakening", "relative_strength": 6.737372, "relative_strength_direction": "Weakening", "price_momentum": -0.01566, "excess_performance": 0.039007, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.017144, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.051843, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 1.201679, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.431959, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.067374, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.242664, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.01566, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 29.057143, "read": "Demand-led" } ], "volume": { "latest": 46, "relative_activity": 0.059451, "balance": 29.057143, "dry_up": 0.248142, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.063699, "annualized_volatility": 0.43217, "from_high_reference": -0.11829, "from_low_reference": 0.519109 }, "levels": { "trend_reference": 895.349436, "fair_value_reference": 399.695046, "structural_low": 810.0, 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balance after advance", "gate": "down", "direction": -53.476811, "energy": 44.30259, "activity_lines": [ 852.523332, 879.503873, 888.649299, 891.696524 ] }, { "date": "2026-07-31", "close": 880.0, "volume": 558, "typical_volume": 1313.15, "trend": 893.949436, "fair_value": 395.444559, "relative_strength": 7.271067, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.67043, "energy": 49.260789, "activity_lines": [ 857.891333, 876.625373, 888.037713, 890.929894 ] }, { "date": "2026-08-07", "close": 880.0, "volume": 46, "typical_volume": 773.75, "trend": 895.349436, "fair_value": 399.695046, "relative_strength": 6.737372, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.938593, "energy": 33.38958, "activity_lines": [ 866.8, 873.931396, 887.502317, 890.02993 ] } ], "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." } } }