{ "ticker": { "uuid": "e68ee8e6-7730-4444-bfcd-104427171e24", "symbol": "EURO", "name": "State Street SPDR MSCI EMU 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": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 94.11, "architecture_energy": 76.813, "architecture_maturity": 54.516, "architecture_confidence": 83.242, "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": 7.53, "rotation_up": 66.25, "upward_expansion": 85.33, "deceleration": 63.73, "rotation_down": 26.1, "downward_expansion": 12.0 }, "activity_lines": [ 97.797333, 97.109272, 95.022428, 93.128129 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 100.139999, "trend_reference": 91.167, "distance_from_trend": 0.098424, "trend_direction": "Improving", "fair_value": 76.885256, "distance_from_fair_value": 0.30246, "fair_value_direction": "Improving", "relative_strength": 2.536375, "relative_strength_direction": "Weakening", "price_momentum": 0.12872, "excess_performance": 0.045836, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.098424, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.040893, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.30246, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.084611, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.025364, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.008739, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.12872, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 29.338235, "read": "Demand-led" } ], "volume": { "latest": 75, "relative_activity": 0.090394, "balance": 29.338235, "dry_up": 0.540858, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.012698, "annualized_volatility": 0.147618, "from_high_reference": 0.0, "from_low_reference": 0.244439 }, "levels": { "trend_reference": 91.167, "fair_value_reference": 76.885256, "structural_low": 80.5, "invalidation": "A 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"stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.921225, "energy": 94.869804, "activity_lines": [ 96.316665, 94.638181, 92.075809, 90.851247 ] }, { "date": "2026-07-10", "close": 95.849998, "volume": 0, "typical_volume": 897.35, "trend": 89.766666, "fair_value": 76.025385, "relative_strength": 0.232592, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.529103, "energy": 88.714499, "activity_lines": [ 96.388665, 95.120726, 92.609857, 91.265247 ] }, { "date": "2026-07-17", "close": 96.190002, "volume": 90, "typical_volume": 900.2, "trend": 90.104, "fair_value": 76.229038, "relative_strength": -0.158206, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.996596, "energy": 87.575014, "activity_lines": [ 96.362666, 95.544909, 93.149047, 91.679656 ] }, { "date": "2026-07-24", "close": 96.690002, "volume": 0, "typical_volume": 786.8, "trend": 90.458, "fair_value": 76.431859, "relative_strength": 0.480794, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.11467, "energy": 84.895497, "activity_lines": [ 96.436667, 95.956, 93.709429, 92.104559 ] }, { "date": "2026-07-31", "close": 96.989998, "volume": 1630, "typical_volume": 825.95, "trend": 90.806666, "fair_value": 76.649167, "relative_strength": 0.689942, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.52461, "energy": 68.305554, "activity_lines": [ 96.622, 96.293091, 94.244666, 92.525978 ] }, { "date": "2026-08-07", "close": 100.139999, "volume": 75, "typical_volume": 829.7, "trend": 91.167, "fair_value": 76.885256, "relative_strength": 2.536375, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.109747, "energy": 76.813266, "activity_lines": [ 97.797333, 97.109272, 95.022428, 93.128129 ] } ], "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." } } }