{ "ticker": { "uuid": "c2a4a901-b88c-4eed-89fd-981a8ab6c486", "symbol": "SQS", "name": "Leverage Shares -1x Short Square ETP Securities", "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": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -68.609, "architecture_energy": 68.896, "architecture_maturity": 51.78, "architecture_confidence": 88.704, "architecture_tenure": "Established", "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": 4.33, "rotation_up": 24.72, "upward_expansion": 13.75, "deceleration": 46.31, "rotation_down": 64.85, "downward_expansion": 91.75 }, "activity_lines": [ 2.544667, 2.6, 2.731714, 2.916516 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": -1.0 }, "latest_close": 2.54, "trend_reference": 3.175, "distance_from_trend": -0.2, "trend_direction": "Weakening", "fair_value": 4.348871, "distance_from_fair_value": -0.41594, "fair_value_direction": "Weakening", "relative_strength": -28.495402, "relative_strength_direction": "Weakening", "price_momentum": -0.371287, "excess_performance": -0.422522, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.2, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.091126, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.41594, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.021076, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.284954, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.027238, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.371287, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 75.0, "read": "Demand-led" } ], "volume": { "latest": 0, "relative_activity": 0.0, "balance": 75.0, "dry_up": 0.0, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.062084, "annualized_volatility": 0.492701, "from_high_reference": -0.442982, "from_low_reference": 0.062762 }, "levels": { "trend_reference": 3.175, "fair_value_reference": 4.348871, "structural_low": 2.39, "invalidation": "Reclaiming a flat-to-rising Trend 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4.50169, "relative_strength": -19.780948, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.04969, "energy": 50.776634, "activity_lines": [ 2.92, 2.922909, 3.141762, 3.286516 ] }, { "date": "2026-06-19", "close": 2.8, "volume": 0, "typical_volume": 106.8, "trend": 3.406333, "fair_value": 4.47923, "relative_strength": -21.78181, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.894547, "energy": 61.126341, "activity_lines": [ 2.878667, 2.892545, 3.087238, 3.245118 ] }, { "date": "2026-06-26", "close": 2.67, "volume": 0, "typical_volume": 106.25, "trend": 3.379667, "fair_value": 4.458045, "relative_strength": -25.71462, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.61014, "energy": 60.034795, "activity_lines": [ 2.802667, 2.849636, 3.024952, 3.197613 ] }, { "date": "2026-07-03", "close": 2.58, "volume": 0, "typical_volume": 103.15, "trend": 3.34, "fair_value": 4.437339, "relative_strength": -28.659571, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.448448, "energy": 81.65399, "activity_lines": [ 2.722, 2.795636, 2.960619, 3.146022 ] }, { "date": "2026-07-10", "close": 2.63, "volume": 149, "typical_volume": 110.6, "trend": 3.305333, "fair_value": 4.421426, "relative_strength": -25.335421, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.303368, "energy": 84.06458, "activity_lines": [ 2.667333, 2.758, 2.910476, 3.100215 ] }, { "date": "2026-07-17", "close": 2.55, "volume": 0, "typical_volume": 10.3, "trend": 3.271667, "fair_value": 4.405182, "relative_strength": -27.717844, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.926507, "energy": 88.795803, "activity_lines": [ 2.61, 2.710909, 2.860095, 3.051484 ] }, { "date": "2026-07-24", "close": 2.58, "volume": 0, "typical_volume": 10.3, "trend": 3.238333, "fair_value": 4.390154, "relative_strength": -27.393058, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.968185, "energy": 86.027686, "activity_lines": [ 2.588, 2.673636, 2.817286, 3.00686 ] }, { "date": "2026-07-31", "close": 2.5, "volume": 0, "typical_volume": 10.3, "trend": 3.202, "fair_value": 4.372293, "relative_strength": -29.939911, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.474305, "energy": 83.223346, "activity_lines": [ 2.554, 2.628182, 2.770048, 2.959226 ] }, { "date": "2026-08-07", "close": 2.54, "volume": 0, "typical_volume": 10.3, "trend": 3.175, "fair_value": 4.348871, "relative_strength": -28.495402, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.609034, "energy": 68.895991, "activity_lines": [ 2.544667, 2.6, 2.731714, 2.916516 ] } ], "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." } } }