{ "ticker": { "uuid": "d798e4a0-6390-4e5d-b902-f446b183716b", "symbol": "ROYL", "name": "BetaShares Global Royalties ETF", "exchange": "ASX", "country": "AU", "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": "^AXJO", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 69.562, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "up", "architecture_direction": 22.703, "architecture_energy": 20.02, "architecture_maturity": 27.613, "architecture_confidence": 84.576, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 52.43, "rotation_up": 21.44, "upward_expansion": 48.2, "deceleration": 90.5, "rotation_down": 39.85, "downward_expansion": 25.53 }, "activity_lines": [ 13.329178, 13.502358, 13.490574, 13.39252 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.166667 }, "latest_close": 13.57, "trend_reference": 13.264269, "distance_from_trend": 0.023049, "trend_direction": "Improving", "fair_value": 10.415469, "distance_from_fair_value": 0.30287, "fair_value_direction": "Improving", "relative_strength": 0.555144, "relative_strength_direction": "Weakening", "price_momentum": 0.10305, "excess_performance": 0.039344, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.023049, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.035352, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.30287, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.023809, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.005551, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.034528, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.10305, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.140044, "read": "Demand-led" } ], "volume": { "latest": 193753, "relative_activity": 1.510979, "balance": 1.140044, "dry_up": 1.620758, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.051063, "annualized_volatility": 0.257936, "from_high_reference": -0.101788, "from_low_reference": 0.209878 }, "levels": { "trend_reference": 13.264269, "fair_value_reference": 10.415469, "structural_low": 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"activity_lines": [ 13.543989, 13.678846, 13.481841, 13.36121 ] }, { "date": "2026-07-24", "close": 13.413755, "volume": 179734, "typical_volume": 124833.0, "trend": 13.195836, "fair_value": 10.346587, "relative_strength": 5.477301, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 27.631372, "energy": 17.743687, "activity_lines": [ 13.435488, 13.63337, 13.489705, 13.377493 ] }, { "date": "2026-07-31", "close": 13.085377, "volume": 246379, "typical_volume": 127982.15, "trend": 13.226618, "fair_value": 10.380167, "relative_strength": 0.315341, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.837792, "energy": 17.411199, "activity_lines": [ 13.279087, 13.520214, 13.466849, 13.370367 ] }, { "date": "2026-08-07", "close": 13.57, "volume": 193753, "typical_volume": 128230.15, "trend": 13.264269, "fair_value": 10.415469, "relative_strength": 0.555144, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 22.703116, "energy": 20.019667, "activity_lines": [ 13.329178, 13.502358, 13.490574, 13.39252 ] } ], "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." } } }