{ "ticker": { "uuid": "f6c2a381-64e6-4bb1-901b-b6f61599c339", "symbol": "RING", "name": "iShares MSCI Global Gold Miners ETF", "exchange": "MEX", "country": "MX", "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": "^MXX", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 65.412, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -26.677, "architecture_energy": 29.889, "architecture_maturity": 72.242, "architecture_confidence": 76.814, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 36.47, "rotation_up": 30.28, "upward_expansion": 20.7, "deceleration": 44.12, "rotation_down": 32.75, "downward_expansion": 68.37 }, "activity_lines": [ 1198.099308, 1176.527714, 1219.91678, 1273.489228 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 1330.0, "trend_reference": 1350.969222, "distance_from_trend": -0.015522, "trend_direction": "Weakening", "fair_value": 945.042514, "distance_from_fair_value": 0.407344, "fair_value_direction": "Weakening", "relative_strength": 2.135329, "relative_strength_direction": "Weakening", "price_momentum": -0.069859, "excess_performance": -0.015192, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.015522, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.023638, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.407344, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.090054, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.021353, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.030128, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.069859, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 2.732995, "read": "Demand-led" } ], "volume": { "latest": 2557, "relative_activity": 0.386557, "balance": 2.732995, "dry_up": 0.122339, "accumulation_observations": 0, "distribution_observations": 0 }, "risk": { "range_context": 0.05056, "annualized_volatility": 0.539002, "from_high_reference": -0.231214, "from_low_reference": 0.45804 }, "levels": { "trend_reference": 1350.969222, "fair_value_reference": 945.042514, 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"activity_lines": [ 1121.866667, 1163.54359, 1240.539555, 1302.424332 ] }, { "date": "2026-07-24", "close": 1150.069946, "volume": 40, "typical_volume": 6540.45, "trend": 1359.100224, "fair_value": 939.774791, "relative_strength": -10.387332, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.835256, "energy": 77.130797, "activity_lines": [ 1123.423315, 1153.379368, 1225.938707, 1288.46554 ] }, { "date": "2026-07-31", "close": 1150.069946, "volume": 0, "typical_volume": 6540.45, "trend": 1353.102555, "fair_value": 941.63581, "relative_strength": -11.32273, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.61436, "energy": 72.226794, "activity_lines": [ 1131.641968, 1147.567414, 1213.352384, 1274.979716 ] }, { "date": "2026-08-07", "close": 1330.0, "volume": 2557, "typical_volume": 6614.8, "trend": 1350.969222, "fair_value": 945.042514, "relative_strength": 2.135329, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -26.676549, "energy": 29.889437, "activity_lines": [ 1198.099308, 1176.527714, 1219.91678, 1273.489228 ] } ], "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." } } }