{ "ticker": { "uuid": "c67472a1-3c54-415c-98c5-a3d7795a606e", "symbol": "EX36", "name": "iShares (DE) I - iShares STOXX Europe 600 Utilities UCITS ETF (DE)", "exchange": "VIE", "country": "AT", "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": "^ATX", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 36.753, "architecture_energy": 20.713, "architecture_maturity": 32.629, "architecture_confidence": 73.453, "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": 45.09, "rotation_up": 37.33, "upward_expansion": 62.86, "deceleration": 83.3, "rotation_down": 25.3, "downward_expansion": 15.19 }, "activity_lines": [ 58.136667, 58.29491, 57.910476, 57.657742 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 57.740002, "trend_reference": 57.052, "distance_from_trend": 0.012059, "trend_direction": "Improving", "fair_value": 44.498301, "distance_from_fair_value": 0.297578, "fair_value_direction": "Weakening", "relative_strength": -11.115339, "relative_strength_direction": "Weakening", "price_momentum": 0.042238, "excess_performance": -0.132008, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.012059, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.0493, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.297578, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.029056, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.111153, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.072855, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.042238, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 5.0, "read": "Demand-led" } ], "volume": { "latest": 0, "relative_activity": 0.0, "balance": 5.0, "dry_up": 0.348509, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.025526, "annualized_volatility": 0.219031, "from_high_reference": -0.033802, "from_low_reference": 0.320979 }, "levels": { "trend_reference": 57.052, "fair_value_reference": 44.498301, "structural_low": 54.119999, "invalidation": "A 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57.672727, 57.521619, 57.013505 ] }, { "date": "2026-07-10", "close": 58.52, "volume": 0, "typical_volume": 441.6, "trend": 56.067333, "fair_value": 43.993494, "relative_strength": -8.312804, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.507948, "energy": 58.214701, "activity_lines": [ 58.562, 57.871636, 57.628428, 57.192193 ] }, { "date": "2026-07-17", "close": 58.990002, "volume": 222, "typical_volume": 447.4, "trend": 56.378333, "fair_value": 44.117756, "relative_strength": -5.66085, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.633522, "energy": 64.347108, "activity_lines": [ 58.811334, 58.165818, 57.769429, 57.380753 ] }, { "date": "2026-07-24", "close": 59.150002, "volume": 0, "typical_volume": 363.45, "trend": 56.683333, "fair_value": 44.244231, "relative_strength": -6.584895, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.500138, "energy": 63.221711, "activity_lines": [ 59.010001, 58.452728, 57.926476, 57.55957 ] }, { "date": "2026-07-31", "close": 57.349998, "volume": 0, "typical_volume": 218.95, "trend": 56.885, "fair_value": 44.370449, "relative_strength": -9.221888, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.039801, "energy": 29.768561, "activity_lines": [ 58.468667, 58.338364, 57.897905, 57.602581 ] }, { "date": "2026-08-07", "close": 57.740002, "volume": 0, "typical_volume": 159.25, "trend": 57.052, "fair_value": 44.498301, "relative_strength": -11.115339, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 36.753313, "energy": 20.713136, "activity_lines": [ 58.136667, 58.29491, 57.910476, 57.657742 ] } ], "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." } } }