{ "ticker": { "uuid": "fbdbadbd-abef-4ee1-89e7-f1519b4670d6", "symbol": "R2SC", "name": "State Street SPDR Russell 2000 US Small Cap 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": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 54.5, "architecture_energy": 38.907, "architecture_maturity": 63.976, "architecture_confidence": 83.54, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 24.11, "rotation_up": 37.02, "upward_expansion": 65.52, "deceleration": 88.27, "rotation_down": 27.45, "downward_expansion": 17.85 }, "activity_lines": [ 64.543334, 64.776728, 63.697191, 62.061054 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 65.580002, "trend_reference": 60.152834, "distance_from_trend": 0.090223, "trend_direction": "Improving", "fair_value": 49.953173, "distance_from_fair_value": 0.31283, "fair_value_direction": "Improving", "relative_strength": 5.993693, "relative_strength_direction": "Weakening", "price_momentum": 0.156206, "excess_performance": 0.104971, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.090223, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.061152, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.31283, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.045181, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.059937, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.031815, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.156206, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.274883, "read": "Supply-led" } ], "volume": { "latest": 62074, "relative_activity": 0.488135, "balance": 0.274883, "dry_up": 0.846759, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.030715, "annualized_volatility": 0.132345, "from_high_reference": -0.016202, "from_low_reference": 0.373346 }, "levels": { "trend_reference": 60.152834, "fair_value_reference": 49.953173, "structural_low": 52.549999, "invalidation": "A 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"energy": 87.280692, "activity_lines": [ 65.508, 64.294091, 61.86969, 60.367635 ] }, { "date": "2026-07-10", "close": 64.690002, "volume": 1159166, "typical_volume": 132823.75, "trend": 58.9085, "fair_value": 49.41657, "relative_strength": 9.614745, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.188873, "energy": 82.263597, "activity_lines": [ 65.412001, 64.562182, 62.327762, 60.759957 ] }, { "date": "2026-07-17", "close": 64.139999, "volume": 79442, "typical_volume": 132673.75, "trend": 59.2135, "fair_value": 49.549038, "relative_strength": 7.377637, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.218416, "energy": 60.406187, "activity_lines": [ 65.000667, 64.644273, 62.698548, 61.097473 ] }, { "date": "2026-07-24", "close": 64.639999, "volume": 31080, "typical_volume": 130084.1, "trend": 59.546167, "fair_value": 49.682981, "relative_strength": 6.586225, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.111364, "energy": 51.352157, "activity_lines": [ 64.770667, 64.759818, 63.083048, 61.44757 ] }, { "date": "2026-07-31", "close": 63.34, "volume": 258119, "typical_volume": 133202.95, "trend": 59.864834, "fair_value": 49.808141, "relative_strength": 2.951397, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.857343, "energy": 35.760645, "activity_lines": [ 64.178667, 64.575818, 63.304738, 61.692333 ] }, { "date": "2026-08-07", "close": 65.580002, "volume": 62074, "typical_volume": 127165.7, "trend": 60.152834, "fair_value": 49.953173, "relative_strength": 5.993693, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.50011, "energy": 38.906531, "activity_lines": [ 64.543334, 64.776728, 63.697191, 62.061054 ] } ], "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." } } }