{ "ticker": { "uuid": "c271ff13-6e26-4e0e-ade5-b0074c91c9f3", "symbol": "SJHY", "name": "State Street SPDR Bloomberg U.S. High Yield Corporate Scored UCITS ETF (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": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 82.642, "architecture_energy": 56.817, "architecture_maturity": 64.283, "architecture_confidence": 58.673, "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": 24.89, "rotation_up": 53.09, "upward_expansion": 81.89, "deceleration": 67.81, "rotation_down": 28.31, "downward_expansion": 8.56 }, "activity_lines": [ 11.8418, 11.837436, 11.801957, 11.757166 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 11.903, "trend_reference": 11.714467, "distance_from_trend": 0.016094, "trend_direction": "Improving", "fair_value": 11.135076, "distance_from_fair_value": 0.068964, "fair_value_direction": "Improving", "relative_strength": -5.758591, "relative_strength_direction": "Weakening", "price_momentum": 0.020403, "excess_performance": -0.030832, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.016094, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.00752, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.068964, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.006393, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.057586, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.019419, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.020403, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.197006, "read": "Supply-led" } ], "volume": { "latest": 688, "relative_activity": 0.122608, "balance": 0.197006, "dry_up": 1.605125, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.00453, "annualized_volatility": 0.036238, "from_high_reference": 0.0, "from_low_reference": 0.049925 }, "levels": { "trend_reference": 11.714467, "fair_value_reference": 11.135076, "structural_low": 11.416, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 7, "median_return": 0.000422, "positive_rate": 0.571429, "directional_follow_through": 0.571429, "median_excess_return": -0.019722, "regime_survival": 0.857143, "best_return": 0.009034, "worst_return": -0.004992, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 1, "median_return": -0.006133, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.06958, "regime_survival": 0.0, "best_return": -0.006133, "worst_return": -0.006133, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": 0.022719, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.062543, "regime_survival": 1.0, "best_return": 0.022719, "worst_return": 0.022719, "sufficient": false }, { 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"regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.642267, "energy": 56.816604, "activity_lines": [ 11.8418, 11.837436, 11.801957, 11.757166 ] } ], "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." } } }