{ "ticker": { "uuid": "ee2a86af-6c59-4c29-981d-9585fdb4b229", "symbol": "SPMV", "name": "iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc)", "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": 70.742, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 86.081, "architecture_energy": 65.412, "architecture_maturity": 32.193, "architecture_confidence": 75.989, "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": 11.9, "rotation_up": 61.96, "upward_expansion": 81.08, "deceleration": 59.35, "rotation_down": 21.46, "downward_expansion": 10.08 }, "activity_lines": [ 115.132668, 114.424546, 113.172643, 111.822656 ], "activity_state": "Wide", "activity_direction": "Stable", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 117.550003, "trend_reference": 110.479334, "distance_from_trend": 0.064, "trend_direction": "Improving", "fair_value": 97.851737, "distance_from_fair_value": 0.201307, "fair_value_direction": "Improving", "relative_strength": -0.518623, "relative_strength_direction": "Improving", "price_momentum": 0.071705, "excess_performance": 0.02047, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.064, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.018866, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.201307, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.040293, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.005186, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.018051, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.071705, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.091113, "read": "Demand-led" } ], "volume": { "latest": 28982, "relative_activity": 0.227936, "balance": 1.091113, "dry_up": 0.960386, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.015385, "annualized_volatility": 0.091341, "from_high_reference": -0.004235, "from_low_reference": 0.144707 }, "levels": { "trend_reference": 110.479334, "fair_value_reference": 97.851737, "structural_low": 102.690002, 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"date": "2026-07-17", "close": 113.900002, "volume": 59772, "typical_volume": 129463.25, "trend": 109.889334, "fair_value": 97.163179, "relative_strength": -1.275573, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.446425, "energy": 71.800091, "activity_lines": [ 113.901334, 113.499273, 111.863071, 110.853086 ] }, { "date": "2026-07-24", "close": 113.68, "volume": 363281, "typical_volume": 138153.65, "trend": 110.029, "fair_value": 97.377538, "relative_strength": -2.557039, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.373714, "energy": 69.274038, "activity_lines": [ 113.947334, 113.595091, 112.196881, 111.097645 ] }, { "date": "2026-07-31", "close": 113.940002, "volume": 36416, "typical_volume": 132540.05, "trend": 110.223334, "fair_value": 97.601672, "relative_strength": -3.381542, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.779565, "energy": 55.545244, "activity_lines": [ 113.984001, 113.689637, 112.529714, 111.349968 ] }, { "date": "2026-08-07", "close": 117.550003, "volume": 28982, "typical_volume": 127149.65, "trend": 110.479334, "fair_value": 97.851737, "relative_strength": -0.518623, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.080734, "energy": 65.411781, "activity_lines": [ 115.132668, 114.424546, 113.172643, 111.822656 ] } ], "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." } } }