{ "ticker": { "uuid": "e40b91e7-d562-4370-ab04-b998213cd009", "symbol": "REUS", "name": "VanEck Circular Economy UCITS ETF", "exchange": "LSE", "country": "GB", "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": "^FTSE", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 77.264, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 89.71, "architecture_energy": 79.953, "architecture_maturity": 9.901, "architecture_confidence": 65.896, "architecture_tenure": "New", "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": 25.24, "rotation_up": 80.88, "upward_expansion": 91.49, "deceleration": 42.15, "rotation_down": 9.25, "downward_expansion": 15.82 }, "activity_lines": [ 28.761333, 28.503227, 28.250762, 28.193408 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 29.5525, "trend_reference": 28.178333, "distance_from_trend": 0.048767, "trend_direction": "Improving", "fair_value": 24.347644, "distance_from_fair_value": 0.213772, "fair_value_direction": "Improving", "relative_strength": 0.503459, "relative_strength_direction": "Weakening", "price_momentum": 0.034661, "excess_performance": -0.016574, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.048767, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.03127, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.213772, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.017516, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.005035, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.009746, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.034661, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.285118, "read": "Demand-led" } ], "volume": { "latest": 4948, "relative_activity": 3.336593, "balance": 1.285118, "dry_up": 0.835497, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.016132, "annualized_volatility": 0.155956, "from_high_reference": -0.010464, "from_low_reference": 0.209681 }, "levels": { "trend_reference": 28.178333, "fair_value_reference": 24.347644, "structural_low": 26.235001, 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"typical_volume": 2664.05, "trend": 27.790833, "fair_value": 24.140208, "relative_strength": -2.083775, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 48.148766, "energy": 28.407079, "activity_lines": [ 28.104666, 27.985181, 27.9545, 27.986564 ] }, { "date": "2026-07-10", "close": 28.190001, "volume": 1063, "typical_volume": 2714.7, "trend": 27.866167, "fair_value": 24.178413, "relative_strength": -0.90745, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 41.128386, "energy": 36.114487, "activity_lines": [ 28.1725, 28.025045, 27.967214, 28.012317 ] }, { "date": "2026-07-17", "close": 28.497499, "volume": 3, "typical_volume": 2701.0, "trend": 27.953, "fair_value": 24.217628, "relative_strength": -0.682401, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 57.690858, "energy": 54.892718, "activity_lines": [ 28.302, 28.116272, 28.015488, 28.053048 ] }, { "date": "2026-07-24", "close": 28.317499, "volume": 0, "typical_volume": 1621.5, "trend": 28.025917, "fair_value": 24.255881, "relative_strength": -2.409067, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.96666, "energy": 54.575366, "activity_lines": [ 28.338833, 28.174863, 28.053214, 28.076564 ] }, { "date": "2026-07-31", "close": 28.379999, "volume": 5, "typical_volume": 1487.95, "trend": 28.0955, "fair_value": 24.29609, "relative_strength": -3.275459, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.609189, "energy": 47.328287, "activity_lines": [ 28.361499, 28.239818, 28.097904, 28.099408 ] }, { "date": "2026-08-07", "close": 29.5525, "volume": 4948, "typical_volume": 1482.95, "trend": 28.178333, "fair_value": 24.347644, "relative_strength": 0.503459, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.710147, "energy": 79.953371, "activity_lines": [ 28.761333, 28.503227, 28.250762, 28.193408 ] } ], "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." } } }