{ "ticker": { "uuid": "f99ece79-8068-423c-83b5-0381ff14f1d8", "symbol": "PMLP", "name": "Alerian Midstream Energy Dividend UCITS ETF", "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": 73.093, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 37.984, "architecture_energy": 23.758, "architecture_maturity": 32.934, "architecture_confidence": 57.677, "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": 45.92, "rotation_up": 38.65, "upward_expansion": 70.64, "deceleration": 66.86, "rotation_down": 24.2, "downward_expansion": 4.31 }, "activity_lines": [ 1562.786667, 1562.339731, 1551.936365, 1535.990922 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 1513.9, "trend_reference": 1497.119439, "distance_from_trend": 0.011209, "trend_direction": "Improving", "fair_value": 1232.04614, "distance_from_fair_value": 0.228769, "fair_value_direction": "Weakening", "relative_strength": 0.619116, "relative_strength_direction": "Weakening", "price_momentum": 0.117845, "excess_performance": 0.06661, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.011209, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.078031, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.228769, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.033767, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.006191, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.06923, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.117845, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.822994, "read": "Demand-led" } ], "volume": { "latest": 12906, "relative_activity": 0.604255, "balance": 1.822994, "dry_up": 0.704156, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.04886, "annualized_volatility": 0.251231, "from_high_reference": -0.096287, "from_low_reference": 0.29646 }, "levels": { "trend_reference": 1497.119439, "fair_value_reference": 1232.04614, "structural_low": 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"2026-07-24", "close": 1628.2, "volume": 9623, "typical_volume": 23993.7, "trend": 1476.533503, "fair_value": 1224.806552, "relative_strength": 10.062659, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.121784, "energy": 39.852145, "activity_lines": [ 1588.486667, 1571.279831, 1552.614838, 1528.892427 ] }, { "date": "2026-07-31", "close": 1560.0, "volume": 13389, "typical_volume": 22277.4, "trend": 1487.339822, "fair_value": 1228.602916, "relative_strength": 4.078351, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.617131, "energy": 34.566081, "activity_lines": [ 1582.32, 1570.548348, 1554.581577, 1534.277362 ] }, { "date": "2026-08-07", "close": 1513.9, "volume": 12906, "typical_volume": 21358.55, "trend": 1497.119439, "fair_value": 1232.04614, "relative_strength": 0.619116, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.98449, "energy": 23.757657, "activity_lines": [ 1562.786667, 1562.339731, 1551.936365, 1535.990922 ] } ], "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." } } }