{ "ticker": { "uuid": "c24e270a-4e1d-412d-92cf-016a80c8738f", "symbol": "SPQH", "name": "Global X S&P 500 Quarterly Tail Hedge UCITS ETF A 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": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 67.615, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 79.011, "architecture_energy": 51.55, "architecture_maturity": 22.708, "architecture_confidence": 69.913, "architecture_tenure": "Developing", "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": 32.1, "rotation_up": 52.91, "upward_expansion": 75.66, "deceleration": 60.51, "rotation_down": 20.85, "downward_expansion": 7.0 }, "activity_lines": [ 20.956167, 20.905818, 20.812869, 20.714527 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 21.2575, "trend_reference": 20.635967, "distance_from_trend": 0.030119, "trend_direction": "Improving", "fair_value": 18.77591, "distance_from_fair_value": 0.132169, "fair_value_direction": "Improving", "relative_strength": -4.144381, "relative_strength_direction": "Weakening", "price_momentum": 0.028672, "excess_performance": -0.022564, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.030119, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.00799, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.132169, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.008957, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.041444, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.011357, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.028672, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 48.780163, "read": "Demand-led" } ], "volume": { "latest": 53, "relative_activity": 0.002483, "balance": 48.780163, "dry_up": 0.055141, "accumulation_observations": 3, "distribution_observations": 0 }, "risk": { "range_context": 0.010666, "annualized_volatility": 0.052148, "from_high_reference": -0.001057, "from_low_reference": 0.082688 }, "levels": { "trend_reference": 20.635967, "fair_value_reference": 18.77591, "structural_low": 19.756001, 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"modifier": "Established expansion", "gate": "up", "direction": 79.010996, "energy": 51.550339, "activity_lines": [ 20.956167, 20.905818, 20.812869, 20.714527 ] } ], "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." } } }