{ "ticker": { "uuid": "ca6340a0-a82f-4a83-8899-79678047c601", "symbol": "RENW", "name": "L&G Clean Energy UCITS ETF", "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": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 50.289, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -24.809, "architecture_energy": 47.234, "architecture_maturity": 2.782, "architecture_confidence": 64.318, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 34.93, "rotation_up": 14.23, "upward_expansion": 23.2, "deceleration": 53.62, "rotation_down": 66.95, "downward_expansion": 50.53 }, "activity_lines": [ 16.605267, 17.059655, 17.663505, 17.431688 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 16.784, "trend_reference": 16.9496, "distance_from_trend": -0.00977, "trend_direction": "Improving", "fair_value": 11.604877, "distance_from_fair_value": 0.446288, "fair_value_direction": "Weakening", "relative_strength": 1.753363, "relative_strength_direction": "Weakening", "price_momentum": 0.089516, "excess_performance": 0.038281, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.00977, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.083512, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.446288, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.24911, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.017534, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.291922, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.089516, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.257805, "read": "Demand-led" } ], "volume": { "latest": 74925, "relative_activity": 0.268672, "balance": 1.257805, "dry_up": 0.682465, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.056061, "annualized_volatility": 0.214875, "from_high_reference": -0.172591, "from_low_reference": 0.444904 }, "levels": { "trend_reference": 16.9496, "fair_value_reference": 11.604877, "structural_low": 14.742, "invalidation": "A sustained 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"amber", "start": "2024-07-05", "end": "2024-08-09", "tenure": "Developing", "return": -0.041931, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-08-16", "end": "2024-08-30", "tenure": "New", "return": 0.01301, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-09-06", "end": "2024-09-27", "tenure": "New", "return": 0.105357, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-04", "end": "2024-10-18", "tenure": "New", "return": -0.044458, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-25", "end": "2024-11-08", "tenure": "New", "return": -0.031528, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-15", "end": "2025-05-09", "tenure": "Established", "return": 0.052365, "active": false }, { "regime": 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18.046319, 17.475516 ] }, { "date": "2026-07-17", "close": 16.679001, "volume": 413645, "typical_volume": 300553.1, "trend": 16.690033, "fair_value": 11.495723, "relative_strength": 4.861804, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -10.350525, "energy": 25.109828, "activity_lines": [ 17.348333, 17.9048, 17.968095, 17.481606 ] }, { "date": "2026-07-24", "close": 16.614, "volume": 85576, "typical_volume": 294748.55, "trend": 16.790533, "fair_value": 11.530563, "relative_strength": 2.826692, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -12.153598, "energy": 30.371105, "activity_lines": [ 17.0058, 17.5906, 17.880552, 17.476701 ] }, { "date": "2026-07-31", "close": 16.17, "volume": 187135, "typical_volume": 277909.65, "trend": 16.861167, "fair_value": 11.565165, "relative_strength": -1.385265, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -36.955709, "energy": 42.735183, "activity_lines": [ 16.654467, 17.240073, 17.745105, 17.436667 ] }, { "date": "2026-08-07", "close": 16.784, "volume": 74925, "typical_volume": 278871.9, "trend": 16.9496, "fair_value": 11.604877, "relative_strength": 1.753363, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.808929, "energy": 47.233952, "activity_lines": [ 16.605267, 17.059655, 17.663505, 17.431688 ] } ], "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." } } }