{ "ticker": { "uuid": "efa8d0d0-2db2-4f28-b742-957c7081d555", "symbol": "LG04", "name": "Legal & General UCITS ETF Plc - L&G Russell 2000 US Small Cap UCITS ETF", "exchange": "VIE", "country": "AT", "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": "^ATX", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 91.093, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 74.88, "architecture_energy": 64.554, "architecture_maturity": 95.259, "architecture_confidence": 51.38, "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": 13.29, "rotation_up": 50.99, "upward_expansion": 78.5, "deceleration": 71.46, "rotation_down": 29.66, "downward_expansion": 16.5 }, "activity_lines": [ 123.513333, 123.461454, 120.565619, 117.156989 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 124.919998, "trend_reference": 113.23, "distance_from_trend": 0.103241, "trend_direction": "Improving", "fair_value": 96.424231, "distance_from_fair_value": 0.295525, "fair_value_direction": "Improving", "relative_strength": -4.804742, "relative_strength_direction": "Weakening", "price_momentum": 0.170979, "excess_performance": -0.003268, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.103241, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.068177, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.295525, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.069101, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.048047, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.01754, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.170979, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.68886, "read": "Supply-led" } ], "volume": { "latest": 0, "relative_activity": 0.0, "balance": 0.68886, "dry_up": 1.471538, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.021441, "annualized_volatility": 0.113692, "from_high_reference": -0.009672, "from_low_reference": 0.365097 }, "levels": { "trend_reference": 113.23, "fair_value_reference": 96.424231, "structural_low": 100.099998, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 25, "median_return": 0.008658, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": -0.010207, "regime_survival": 0.68, "best_return": 0.094659, "worst_return": -0.136381, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": 0.023298, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.037221, "regime_survival": 0.4, "best_return": 0.098831, "worst_return": -0.114341, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.045228, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.051095, "regime_survival": 0.333333, "best_return": 0.161724, "worst_return": -0.104812, "sufficient": true }, { "horizon": "Full cycle", 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89.82307, "activity_lines": [ 118.224001, 116.230182, 112.135238, 110.13286 ] }, { "date": "2026-06-19", "close": 122.519997, "volume": 0, "typical_volume": 87.4, "trend": 108.286666, "fair_value": 94.549102, "relative_strength": -5.56506, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.840478, "energy": 93.519297, "activity_lines": [ 119.998666, 117.708363, 113.376476, 111.105806 ] }, { "date": "2026-06-26", "close": 125.019997, "volume": 0, "typical_volume": 87.4, "trend": 109.062, "fair_value": 94.828974, "relative_strength": -1.733988, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.164534, "energy": 95.797157, "activity_lines": [ 122.030665, 119.354181, 114.769523, 112.185376 ] }, { "date": "2026-07-03", "close": 124.599998, "volume": 0, "typical_volume": 87.4, "trend": 109.818666, "fair_value": 95.113654, "relative_strength": -4.286896, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.322584, "energy": 92.575715, "activity_lines": [ 123.338665, 120.679999, 116.035237, 113.187827 ] }, { "date": "2026-07-10", "close": 123.660004, "volume": 0, "typical_volume": 87.4, "trend": 110.469333, "fair_value": 95.391538, "relative_strength": -3.690964, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.366355, "energy": 87.982982, "activity_lines": [ 123.837333, 121.622545, 117.125428, 114.080817 ] }, { "date": "2026-07-17", "close": 123.620003, "volume": 0, "typical_volume": 87.4, "trend": 111.185333, "fair_value": 95.652436, "relative_strength": -1.80663, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.92905, "energy": 85.563176, "activity_lines": [ 123.940001, 122.355637, 118.132762, 114.929247 ] }, { "date": "2026-07-24", "close": 124.080002, "volume": 243, "typical_volume": 99.55, "trend": 111.919333, "fair_value": 95.909167, "relative_strength": -2.762037, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.221118, "energy": 66.84379, "activity_lines": [ 124.005335, 122.999274, 119.100476, 115.761161 ] }, { "date": "2026-07-31", "close": 121.239998, "volume": 486, "typical_volume": 123.85, "trend": 112.605333, "fair_value": 96.152372, "relative_strength": -4.871636, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.250933, "energy": 61.767313, "activity_lines": [ 123.020001, 122.941091, 119.700762, 116.362494 ] }, { "date": "2026-08-07", "close": 124.919998, "volume": 0, "typical_volume": 123.85, "trend": 113.23, "fair_value": 96.424231, "relative_strength": -4.804742, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.879886, "energy": 64.554213, "activity_lines": [ 123.513333, 123.461454, 120.565619, 117.156989 ] } ], "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." } } }