{ "ticker": { "uuid": "e3266ece-cb96-416f-b193-0b0aa70a5038", "symbol": "REUS", "name": "VanEck Circular Economy UCITS ETF A USD Acc", "exchange": "GER", "country": "DE", "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": "^GDAXI", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 85.624, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 86.724, "architecture_energy": 74.234, "architecture_maturity": 16.278, "architecture_confidence": 68.66, "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": 9.93, "rotation_up": 77.11, "upward_expansion": 89.48, "deceleration": 45.11, "rotation_down": 12.08, "downward_expansion": 13.82 }, "activity_lines": [ 25.044667, 24.860818, 24.527548, 24.403903 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 25.58, "trend_reference": 24.2815, "distance_from_trend": 0.053477, "trend_direction": "Improving", "fair_value": 21.841019, "distance_from_fair_value": 0.171191, "fair_value_direction": "Improving", "relative_strength": 1.392517, "relative_strength_direction": "Weakening", "price_momentum": 0.057243, "excess_performance": -0.007396, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.053477, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.037006, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.171191, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.043354, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.013925, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.039775, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.057243, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.1053, "read": "Demand-led" } ], "volume": { "latest": 5461, "relative_activity": 1.175787, "balance": 1.1053, "dry_up": 1.06738, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.017832, "annualized_volatility": 0.13271, "from_high_reference": -0.001951, "from_low_reference": 0.215779 }, "levels": { "trend_reference": 24.2815, "fair_value_reference": 21.841019, "structural_low": 22.709999, "invalidation": "A 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24.044091, 24.047762, 23.980065 ] }, { "date": "2026-06-26", "close": 24.785, "volume": 119, "typical_volume": 8706.15, "trend": 23.777167, "fair_value": 21.650962, "relative_strength": 5.580139, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 66.697131, "energy": 56.08562, "activity_lines": [ 24.373667, 24.188909, 24.106572, 24.050624 ] }, { "date": "2026-07-03", "close": 24.75, "volume": 662, "typical_volume": 8032.1, "trend": 23.859167, "fair_value": 21.682628, "relative_strength": 0.838171, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.962567, "energy": 70.228077, "activity_lines": [ 24.553334, 24.314, 24.159238, 24.113387 ] }, { "date": "2026-07-10", "close": 24.66, "volume": 5005, "typical_volume": 7808.3, "trend": 23.9445, "fair_value": 21.714141, "relative_strength": 3.181668, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.64319, "energy": 70.574433, "activity_lines": [ 24.639, 24.400818, 24.204476, 24.165054 ] }, { "date": "2026-07-17", "close": 24.889999, "volume": 8974, "typical_volume": 7399.8, "trend": 24.036667, "fair_value": 21.74459, "relative_strength": 4.931942, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.209443, "energy": 76.265583, "activity_lines": [ 24.748666, 24.514545, 24.273619, 24.226054 ] }, { "date": "2026-07-24", "close": 24.85, "volume": 2771, "typical_volume": 5374.35, "trend": 24.127833, "fair_value": 21.773564, "relative_strength": 3.488266, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.763797, "energy": 71.951164, "activity_lines": [ 24.805, 24.608818, 24.34069, 24.278527 ] }, { "date": "2026-07-31", "close": 24.695, "volume": 2624, "typical_volume": 4657.9, "trend": 24.203833, "fair_value": 21.802955, "relative_strength": 0.63717, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.607028, "energy": 51.754793, "activity_lines": [ 24.774333, 24.662636, 24.393238, 24.315118 ] }, { "date": "2026-08-07", "close": 25.58, "volume": 5461, "typical_volume": 4644.55, "trend": 24.2815, "fair_value": 21.841019, "relative_strength": 1.392517, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.723542, "energy": 74.234291, "activity_lines": [ 25.044667, 24.860818, 24.527548, 24.403903 ] } ], "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." } } }