{ "ticker": { "uuid": "e5f54c6e-f202-4484-a7d8-4f1db223f06c", "symbol": "SMUD", "name": "iShares MSCI EMU Screened UCITS ETF EUR (Dist)", "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": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 85.571, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 78.228, "architecture_energy": 50.063, "architecture_maturity": 29.621, "architecture_confidence": 64.576, "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": 24.81, "rotation_up": 49.02, "upward_expansion": 77.93, "deceleration": 66.9, "rotation_down": 26.66, "downward_expansion": 6.93 }, "activity_lines": [ 7.883367, 7.867363, 7.763724, 7.664834 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 8.0625, "trend_reference": 7.570049, "distance_from_trend": 0.065053, "trend_direction": "Improving", "fair_value": 6.317761, "distance_from_fair_value": 0.276164, "fair_value_direction": "Improving", "relative_strength": 0.842845, "relative_strength_direction": "Improving", "price_momentum": 0.072783, "excess_performance": 0.021548, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.065053, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.028037, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.276164, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.060406, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.008428, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.022274, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.072783, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.858705, "read": "Supply-led" } ], "volume": { "latest": 601438, "relative_activity": 1.519421, "balance": 0.858705, "dry_up": 0.977214, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.021326, "annualized_volatility": 0.180538, "from_high_reference": -0.014639, "from_low_reference": 0.207261 }, "levels": { "trend_reference": 7.570049, "fair_value_reference": 6.317761, "structural_low": 6.796, "invalidation": "A sustained loss 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"regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.722345, "energy": 35.939108, "activity_lines": [ 7.7945, 7.812688, 7.690931, 7.612052 ] }, { "date": "2026-07-31", "close": 7.8405, "volume": 281730, "typical_volume": 369673.65, "trend": 7.550566, "fair_value": 6.299012, "relative_strength": -1.647853, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.217739, "energy": 29.887412, "activity_lines": [ 7.801967, 7.821805, 7.718341, 7.631806 ] }, { "date": "2026-08-07", "close": 8.0625, "volume": 601438, "typical_volume": 395833.6, "trend": 7.570049, "fair_value": 6.317761, "relative_strength": 0.842845, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 78.228364, "energy": 50.062958, "activity_lines": [ 7.883367, 7.867363, 7.763724, 7.664834 ] } ], "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." } } }