{ "ticker": { "uuid": "d46deecf-088f-4a9c-942d-b4b09f9490e6", "symbol": "EX39", "name": "iShares (DE) I - iShares STOXX Europe 600 Industrial Goods & Services 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": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 75.172, "architecture_energy": 50.662, "architecture_maturity": 26.175, "architecture_confidence": 75.768, "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": 19.57, "rotation_up": 54.22, "upward_expansion": 78.5, "deceleration": 56.56, "rotation_down": 20.79, "downward_expansion": 7.5 }, "activity_lines": [ 119.110665, 118.317817, 116.605237, 115.200214 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 122.599998, "trend_reference": 114.099999, "distance_from_trend": 0.074496, "trend_direction": "Improving", "fair_value": 94.240192, "distance_from_fair_value": 0.300931, "fair_value_direction": "Improving", "relative_strength": -9.652039, "relative_strength_direction": "Improving", "price_momentum": 0.082656, "excess_performance": -0.09159, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.074496, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.034595, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.300931, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.048683, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.09652, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.005554, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.082656, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.883031, "read": "Demand-led" } ], "volume": { "latest": 0, "relative_activity": 0.0, "balance": 2.883031, "dry_up": 0.0, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.031183, "annualized_volatility": 0.228007, "from_high_reference": -0.00777, "from_low_reference": 0.220143 }, "levels": { "trend_reference": 114.099999, "fair_value_reference": 94.240192, "structural_low": 101.019997, "invalidation": 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115.909332, 115.033817, 113.419523, 112.962838 ] }, { "date": "2026-07-03", "close": 121.739998, "volume": 0, "typical_volume": 871.15, "trend": 112.449999, "fair_value": 92.82641, "relative_strength": -10.97964, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.044575, "energy": 65.265052, "activity_lines": [ 117.874665, 116.40218, 114.273904, 113.598537 ] }, { "date": "2026-07-10", "close": 117.199997, "volume": 263, "typical_volume": 743.3, "trend": 112.842666, "fair_value": 93.100833, "relative_strength": -12.825423, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.603239, "energy": 59.301159, "activity_lines": [ 117.990665, 116.765817, 114.663808, 113.904988 ] }, { "date": "2026-07-17", "close": 114.900002, "volume": 0, "typical_volume": 679.7, "trend": 113.125999, "fair_value": 93.362051, "relative_strength": -12.503793, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.944539, "energy": 38.977117, "activity_lines": [ 117.178666, 116.62509, 114.835713, 114.037719 ] }, { "date": "2026-07-24", "close": 116.699997, "volume": 0, "typical_volume": 337.85, "trend": 113.463999, "fair_value": 93.627692, "relative_strength": -12.007251, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.570623, "energy": 36.70463, "activity_lines": [ 116.913332, 116.787271, 115.193427, 114.2683 ] }, { "date": "2026-07-31", "close": 119.139999, "volume": 0, "typical_volume": 337.65, "trend": 113.831332, "fair_value": 93.919103, "relative_strength": -9.846456, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.825865, "energy": 33.449432, "activity_lines": [ 117.555999, 117.279635, 115.757427, 114.634493 ] }, { "date": "2026-08-07", "close": 122.599998, "volume": 0, "typical_volume": 295.35, "trend": 114.099999, "fair_value": 94.240192, "relative_strength": -9.652039, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.172347, "energy": 50.661916, "activity_lines": [ 119.110665, 118.317817, 116.605237, 115.200214 ] } ], "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." } } }