{ "ticker": { "uuid": "f4deabbf-f725-4cef-961b-62cd908d3c6c", "symbol": "VA01", "name": "VanEck ETFs N.V. - VanEck Global Real Estate 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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 63.686, "architecture_energy": 58.954, "architecture_maturity": 31.355, "architecture_confidence": 61.018, "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": 10.47, "rotation_up": 68.2, "upward_expansion": 83.01, "deceleration": 54.44, "rotation_down": 13.8, "downward_expansion": 9.67 }, "activity_lines": [ 42.206, 41.907727, 41.118882, 40.670027 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 41.805, "trend_reference": 40.122507, "distance_from_trend": 0.041934, "trend_direction": "Improving", "fair_value": 36.384222, "distance_from_fair_value": 0.148987, "fair_value_direction": "Improving", "relative_strength": -12.520208, "relative_strength_direction": "Weakening", "price_momentum": 0.072973, "excess_performance": -0.101273, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.041934, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.033419, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.148987, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.028195, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.125202, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.019852, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.072973, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.019231, "read": "Demand-led" } ], "volume": { "latest": 0, "relative_activity": 0.0, "balance": 1.019231, "dry_up": 0.0, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.024369, "annualized_volatility": 0.146143, "from_high_reference": -0.045439, "from_low_reference": 0.169708 }, "levels": { "trend_reference": 40.122507, "fair_value_reference": 36.384222, "structural_low": 37.543081, "invalidation": "A 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"stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.137577, "energy": 79.075775, "activity_lines": [ 41.084, 40.559756, 40.103707, 39.841375 ] }, { "date": "2026-07-10", "close": 41.424999, "volume": 520, "typical_volume": 283.8, "trend": 39.456657, "fair_value": 36.121143, "relative_strength": -12.324208, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.573767, "energy": 75.337817, "activity_lines": [ 41.304, 40.772824, 40.245496, 39.977496 ] }, { "date": "2026-07-17", "close": 43.02, "volume": 0, "typical_volume": 283.8, "trend": 39.650858, "fair_value": 36.188494, "relative_strength": -6.932137, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.682011, "energy": 90.07657, "activity_lines": [ 41.944666, 41.24839, 40.535571, 40.207389 ] }, { "date": "2026-07-24", "close": 42.860001, "volume": 0, "typical_volume": 240.3, "trend": 39.844194, "fair_value": 36.255114, "relative_strength": -8.291075, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.280231, "energy": 89.914686, "activity_lines": [ 42.386333, 41.638183, 40.802008, 40.414431 ] }, { "date": "2026-07-31", "close": 42.005001, "volume": 0, "typical_volume": 239.8, "trend": 40.004064, "fair_value": 36.319427, "relative_strength": -9.791854, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.901182, "energy": 74.331271, "activity_lines": [ 42.343667, 41.809756, 40.974302, 40.553838 ] }, { "date": "2026-08-07", "close": 41.805, "volume": 0, "typical_volume": 239.8, "trend": 40.122507, "fair_value": 36.384222, "relative_strength": -12.520208, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.686399, "energy": 58.953871, "activity_lines": [ 42.206, 41.907727, 41.118882, 40.670027 ] } ], "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." } } }