{ "ticker": { "uuid": "cd1b6420-5816-498f-ba35-ad6bd1644f64", "symbol": "SXLV", "name": "State Street SPDR S&P U.S. Health Care Select Sector UCITS ETF", "exchange": "EBS", "country": "CH", "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": "^SSMI", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 80.933, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 75.912, "architecture_energy": 81.248, "architecture_maturity": 9.845, "architecture_confidence": 72.893, "architecture_tenure": "New", "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": 9.9, "rotation_up": 81.23, "upward_expansion": 96.01, "deceleration": 42.44, "rotation_down": 11.11, "downward_expansion": 18.01 }, "activity_lines": [ 50.730667, 50.104818, 48.600286, 47.977581 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 51.07, "trend_reference": 47.592667, "distance_from_trend": 0.073064, "trend_direction": "Improving", "fair_value": 43.961282, "distance_from_fair_value": 0.161704, "fair_value_direction": "Improving", "relative_strength": -0.886578, "relative_strength_direction": "Improving", "price_momentum": 0.057788, "excess_performance": -0.025095, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.073064, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.014297, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.161704, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.122851, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.008866, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.017829, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.057788, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 5.229766, "read": "Demand-led" } ], "volume": { "latest": 15081, "relative_activity": 1.916252, "balance": 5.229766, "dry_up": 0.684907, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.022503, "annualized_volatility": 0.138145, "from_high_reference": -0.016182, "from_low_reference": 0.276112 }, "levels": { "trend_reference": 47.592667, "fair_value_reference": 43.961282, "structural_low": 44.48, "invalidation": 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-0.409919, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 57.599473, "energy": 82.024434, "activity_lines": [ 49.292334, 48.308273, 47.156857, 47.118172 ] }, { "date": "2026-07-17", "close": 50.5, "volume": 2226, "typical_volume": 7986.7, "trend": 47.3365, "fair_value": 43.757628, "relative_strength": -0.462277, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 54.032173, "energy": 83.041798, "activity_lines": [ 49.896667, 48.865818, 47.51531, 47.328194 ] }, { "date": "2026-07-24", "close": 50.580002, "volume": 0, "typical_volume": 7154.45, "trend": 47.425834, "fair_value": 43.823237, "relative_strength": -0.212142, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 74.058517, "energy": 90.256526, "activity_lines": [ 50.332667, 49.335546, 47.872096, 47.537452 ] }, { "date": "2026-07-31", "close": 50.689999, "volume": 4254, "typical_volume": 7304.45, "trend": 47.512167, "fair_value": 43.892788, "relative_strength": -0.173954, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.220407, "energy": 86.929982, "activity_lines": [ 50.540667, 49.725273, 48.227619, 47.748043 ] }, { "date": "2026-08-07", "close": 51.07, "volume": 15081, "typical_volume": 7870.05, "trend": 47.592667, "fair_value": 43.961282, "relative_strength": -0.886578, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.911656, "energy": 81.247728, "activity_lines": [ 50.730667, 50.104818, 48.600286, 47.977581 ] } ], "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." } } }