{ "ticker": { "uuid": "d63834b4-8c66-40d3-96fc-07b28568eeaf", "symbol": "STZ", "name": "State Street SPDR MSCI Europe Financials UCITS ETF", "exchange": "PAR", "country": "FR", "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": "^FCHI", "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": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 85.765, "architecture_energy": 93.201, "architecture_maturity": 39.919, "architecture_confidence": 84.335, "architecture_tenure": "Established", "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": 0.35, "rotation_up": 83.82, "upward_expansion": 99.53, "deceleration": 39.2, "rotation_down": 12.07, "downward_expansion": 21.53 }, "activity_lines": [ 160.003999, 156.886909, 150.779429, 146.352215 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 163.0, "trend_reference": 141.863333, "distance_from_trend": 0.148993, "trend_direction": "Improving", "fair_value": 104.363782, "distance_from_fair_value": 0.561845, "fair_value_direction": "Improving", "relative_strength": 12.606357, "relative_strength_direction": "Improving", "price_momentum": 0.174521, "excess_performance": 0.121209, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.148993, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.056689, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.561845, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.136698, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.126064, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.045306, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.174521, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 6.491045, "read": "Demand-led" } ], "volume": { "latest": 9025, "relative_activity": 1.020304, "balance": 6.491045, "dry_up": 0.987038, "accumulation_observations": 4, "distribution_observations": 0 }, "risk": { "range_context": 0.025295, "annualized_volatility": 0.204671, "from_high_reference": -0.007792, "from_low_reference": 0.369748 }, "levels": { "trend_reference": 141.863333, "fair_value_reference": 104.363782, "structural_low": 120.980003, 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"upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.591154, "energy": 91.054993, "activity_lines": [ 154.774667, 150.961818, 145.493715, 142.420387 ] }, { "date": "2026-07-24", "close": 158.059998, "volume": 5206, "typical_volume": 9658.4, "trend": 140.24, "fair_value": 103.168526, "relative_strength": 14.50146, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.726833, "energy": 91.985678, "activity_lines": [ 156.246666, 152.837091, 147.161524, 143.617333 ] }, { "date": "2026-07-31", "close": 160.639999, "volume": 6068, "typical_volume": 9030.95, "trend": 141.009333, "fair_value": 103.759038, "relative_strength": 14.029719, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.903806, "energy": 92.183506, "activity_lines": [ 158.078665, 154.81309, 148.936476, 144.933462 ] }, { "date": "2026-08-07", "close": 163.0, "volume": 9025, "typical_volume": 8845.4, "trend": 141.863333, "fair_value": 104.363782, "relative_strength": 12.606357, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.764536, "energy": 93.201065, "activity_lines": [ 160.003999, 156.886909, 150.779429, 146.352215 ] } ], "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." } } }