{ "ticker": { "uuid": "ce908712-1289-4176-bef6-59d8c68b52a6", "symbol": "EXV3", "name": "iShares STOXX Europe 600 Technology UCITS ETF (DE) EUR dis", "exchange": "GER", "country": "DE", "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": "^GDAXI", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 54.04, "architecture_energy": 29.058, "architecture_maturity": 70.703, "architecture_confidence": 93.225, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 26.86, "rotation_up": 28.25, "upward_expansion": 57.22, "deceleration": 91.09, "rotation_down": 27.65, "downward_expansion": 20.89 }, "activity_lines": [ 95.626362, 96.373069, 94.955266, 91.900567 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 99.339996, "trend_reference": 88.594361, "distance_from_trend": 0.12129, "trend_direction": "Improving", "fair_value": 78.925881, "distance_from_fair_value": 0.258649, "fair_value_direction": "Improving", "relative_strength": 8.587118, "relative_strength_direction": "Weakening", "price_momentum": 0.227676, "excess_performance": 0.163037, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.12129, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.068346, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.258649, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.088721, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.085871, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.013503, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.227676, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.558859, "read": "Demand-led" } ], "volume": { "latest": 23435, "relative_activity": 0.509281, "balance": 1.558859, "dry_up": 1.22686, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.041715, "annualized_volatility": 0.226517, "from_high_reference": -0.02168, "from_low_reference": 0.3581 }, "levels": { "trend_reference": 88.594361, "fair_value_reference": 78.925881, "structural_low": 74.406978, "invalidation": "A 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"activity_lines": [ 96.226244, 97.093845, 93.357509, 90.399454 ] }, { "date": "2026-07-24", "close": 93.690002, "volume": 75279, "typical_volume": 48645.4, "trend": 87.774075, "fair_value": 78.52973, "relative_strength": 7.982328, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.132346, "energy": 30.19492, "activity_lines": [ 95.017871, 96.568253, 93.780074, 90.812723 ] }, { "date": "2026-07-31", "close": 93.470001, "volume": 51396, "typical_volume": 47789.7, "trend": 88.174348, "fair_value": 78.705833, "relative_strength": 5.263751, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.965089, "energy": 27.277985, "activity_lines": [ 94.223621, 95.925207, 94.117155, 91.180203 ] }, { "date": "2026-08-07", "close": 99.339996, "volume": 23435, "typical_volume": 46015.85, "trend": 88.594361, "fair_value": 78.925881, "relative_strength": 8.587118, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.040181, "energy": 29.058214, "activity_lines": [ 95.626362, 96.373069, 94.955266, 91.900567 ] } ], "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." } } }