{ "ticker": { "uuid": "df9feacf-533f-47d5-90ac-f841f3526203", "symbol": "SXLK", "name": "State Street SPDR S&P U.S. Technology Select Sector UCITS ETF", "exchange": "AMS", "country": "NL", "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": "^AEX", "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": 73.389, "architecture_energy": 46.264, "architecture_maturity": 69.253, "architecture_confidence": 92.706, "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": 29.59, "rotation_up": 40.93, "upward_expansion": 66.67, "deceleration": 94.12, "rotation_down": 29.14, "downward_expansion": 16.01 }, "activity_lines": [ 157.631733, 157.312055, 154.956001, 148.85245 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 163.903, "trend_reference": 141.2911, "distance_from_trend": 0.160038, "trend_direction": "Improving", "fair_value": 113.370193, "distance_from_fair_value": 0.445733, "fair_value_direction": "Improving", "relative_strength": 7.9321, "relative_strength_direction": "Weakening", "price_momentum": 0.315032, "excess_performance": 0.19837, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.160038, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.067402, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.445733, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.047026, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.079321, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.045848, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.315032, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.487848, "read": "Demand-led" } ], "volume": { "latest": 9678, "relative_activity": 0.562282, "balance": 1.487848, "dry_up": 0.625842, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.041703, "annualized_volatility": 0.249158, "from_high_reference": -0.002623, "from_low_reference": 0.401419 }, "levels": { "trend_reference": 141.2911, "fair_value_reference": 113.370193, "structural_low": 116.955002, "invalidation": "A 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"direction": 59.489932, "energy": 57.210415, "activity_lines": [ 157.86467, 157.92773, 150.493854, 144.321278 ] }, { "date": "2026-07-17", "close": 153.787994, "volume": 13273, "typical_volume": 20881.85, "trend": 138.617167, "fair_value": 111.910449, "relative_strength": 3.487307, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.181834, "energy": 45.024337, "activity_lines": [ 156.558667, 157.313365, 151.555958, 145.352213 ] }, { "date": "2026-07-24", "close": 156.830994, "volume": 6962, "typical_volume": 19609.4, "trend": 139.476867, "fair_value": 112.377141, "relative_strength": 5.52538, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.89883, "energy": 43.64659, "activity_lines": [ 156.411198, 157.176909, 152.761772, 146.527299 ] }, { "date": "2026-07-31", "close": 151.809006, "volume": 13175, "typical_volume": 18084.4, "trend": 140.1953, "fair_value": 112.827052, "relative_strength": 1.240191, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.362654, "energy": 33.388054, "activity_lines": [ 154.923267, 156.098292, 153.346058, 147.322921 ] }, { "date": "2026-08-07", "close": 163.903, "volume": 9678, "typical_volume": 17212.0, "trend": 141.2911, "fair_value": 113.370193, "relative_strength": 7.9321, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 73.388502, "energy": 46.264019, "activity_lines": [ 157.631733, 157.312055, 154.956001, 148.85245 ] } ], "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." } } }