{ "ticker": { "uuid": "df20bd3b-76cc-4753-8bb9-4e78f6021ed0", "symbol": "HPRD", "name": "HSBC FTSE EPRA NAREIT Developed 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": "2c", "phase_label": "Stage 2C \u00b7 Late advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 54.029, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 61.168, "architecture_energy": 67.792, "architecture_maturity": 32.656, "architecture_confidence": 75.363, "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": 19.71, "rotation_up": 64.8, "upward_expansion": 85.57, "deceleration": 49.48, "rotation_down": 13.61, "downward_expansion": 14.57 }, "activity_lines": [ 24.671074, 24.523536, 24.300765, 24.077697 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 24.58, "trend_reference": 23.790134, "distance_from_trend": 0.033201, "trend_direction": "Improving", "fair_value": 21.196158, "distance_from_fair_value": 0.159644, "fair_value_direction": "Weakening", "relative_strength": -3.738888, "relative_strength_direction": "Weakening", "price_momentum": 0.059184, "excess_performance": -0.023699, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.033201, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.034154, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.159644, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.003437, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.037389, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.090678, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.059184, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.219833, "read": "Demand-led" } ], "volume": { "latest": 37935, "relative_activity": 1.226842, "balance": 1.219833, "dry_up": 1.046632, "accumulation_observations": 4, "distribution_observations": 4 }, "risk": { "range_context": 0.018218, "annualized_volatility": 0.15771, "from_high_reference": -0.020786, "from_low_reference": 0.157052 }, "levels": { "trend_reference": 23.790134, "fair_value_reference": 21.196158, "structural_low": 22.015442, 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23.868743 ] }, { "date": "2026-07-24", "close": 24.938078, "volume": 24127, "typical_volume": 37301.1, "trend": 23.638874, "fair_value": 21.147877, "relative_strength": -1.068746, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.094086, "energy": 78.501255, "activity_lines": [ 24.637512, 24.412345, 24.165526, 23.958969 ] }, { "date": "2026-07-31", "close": 24.620001, "volume": 33385, "typical_volume": 35847.2, "trend": 23.720837, "fair_value": 21.172329, "relative_strength": -2.374672, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.328972, "energy": 68.988012, "activity_lines": [ 24.670362, 24.477668, 24.238463, 24.022267 ] }, { "date": "2026-08-07", "close": 24.58, "volume": 37935, "typical_volume": 30920.85, "trend": 23.790134, "fair_value": 21.196158, "relative_strength": -3.738888, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.167779, "energy": 67.79162, "activity_lines": [ 24.671074, 24.523536, 24.300765, 24.077697 ] } ], "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." } } }