{ "ticker": { "uuid": "fccb7a29-14a9-418b-ac9b-39922a83822e", "symbol": "VWO", "name": "Vanguard FTSE Emerging Markets Index Fund ETF Shares", "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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 61.872, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 31.617, "architecture_energy": 20.783, "architecture_maturity": 75.939, "architecture_confidence": 89.656, "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": 36.0, "rotation_up": 28.78, "upward_expansion": 57.88, "deceleration": 85.06, "rotation_down": 40.08, "downward_expansion": 23.88 }, "activity_lines": [ 1022.544678, 1027.936133, 1027.28762, 1018.144071 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 1035.0, "trend_reference": 1007.30321, "distance_from_trend": 0.027496, "trend_direction": "Improving", "fair_value": 863.973852, "distance_from_fair_value": 0.197953, "fair_value_direction": "Weakening", "relative_strength": 2.102331, "relative_strength_direction": "Improving", "price_momentum": 0.04842, "excess_performance": 0.103087, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.027496, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.01858, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.197953, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.047122, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.021023, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.0465, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.04842, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.799727, "read": "Demand-led" } ], "volume": { "latest": 296937, "relative_activity": 9.198079, "balance": 3.799727, "dry_up": 2.888655, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.027455, "annualized_volatility": 0.136129, "from_high_reference": -0.022663, "from_low_reference": 0.120634 }, "levels": { "trend_reference": 1007.30321, "fair_value_reference": 863.973852, "structural_low": 944.789978, 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"relative_strength": 0.191969, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.986228, "energy": 29.923107, "activity_lines": [ 1034.498682, 1033.758952, 1025.318135, 1015.240389 ] }, { "date": "2026-07-24", "close": 1009.77002, "volume": 52186, "typical_volume": 16721.75, "trend": 1005.05521, "fair_value": 859.697874, "relative_strength": 0.265459, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 28.243967, "energy": 15.966781, "activity_lines": [ 1024.758684, 1029.869203, 1025.212964, 1015.634463 ] }, { "date": "2026-07-31", "close": 1015.01001, "volume": 19046, "typical_volume": 17510.55, "trend": 1006.055878, "fair_value": 861.685863, "relative_strength": 0.076553, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 23.726137, "energy": 16.996941, "activity_lines": [ 1019.850684, 1026.987629, 1025.412697, 1016.276708 ] }, { "date": "2026-08-07", "close": 1035.0, "volume": 296937, "typical_volume": 32282.5, "trend": 1007.30321, "fair_value": 863.973852, "relative_strength": 2.102331, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 31.617451, "energy": 20.782987, "activity_lines": [ 1022.544678, 1027.936133, 1027.28762, 1018.144071 ] } ], "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." } } }