{
  "ticker": {
    "uuid": "0345db8a-ae54-492a-93c1-700e03d18e8a",
    "symbol": "USPG",
    "name": "UBS Core S&P 500 UCITS ETF hGBP dis",
    "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": 92.587,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 86.188,
    "architecture_energy": 63.443,
    "architecture_maturity": 63.267,
    "architecture_confidence": 69.629,
    "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": 31.87,
        "rotation_up": 54.21,
        "upward_expansion": 81.01,
        "deceleration": 69.82,
        "rotation_down": 27.75,
        "downward_expansion": 10.01
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      "activity_lines": [
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 3839.75,
    "trend_reference": 3540.284351,
    "distance_from_trend": 0.084588,
    "trend_direction": "Improving",
    "fair_value": 2933.686189,
    "distance_from_fair_value": 0.308848,
    "fair_value_direction": "Improving",
    "relative_strength": 2.718557,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.120091,
    "excess_performance": 0.068855,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.084588,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.03194,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.308848,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.010158,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.027186,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.019741,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.120091,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.363013,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 15467,
      "relative_activity": 1.476148,
      "balance": 1.363013,
      "dry_up": 0.956413,
      "accumulation_observations": 1,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.01735,
      "annualized_volatility": 0.1288,
      "from_high_reference": -0.004343,
      "from_low_reference": 0.219871
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    "levels": {
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      "fair_value_reference": 2933.686189,
      "structural_low": 3154.0,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 39,
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        "positive_rate": 0.692308,
        "directional_follow_through": 0.692308,
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        "worst_return": -0.087265,
        "sufficient": true
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        "horizon": "Full cycle",
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      {
        "date": "2026-03-27",
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      },
      {
        "date": "2026-04-17",
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        "modifier": "Structural repair",
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      {
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      },
      {
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      },
      {
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        "modifier": "Value reclamation",
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      },
      {
        "date": "2026-05-22",
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        "modifier": "Re-accelerating",
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      },
      {
        "date": "2026-05-29",
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      },
      {
        "date": "2026-06-05",
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      },
      {
        "date": "2026-06-12",
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      },
      {
        "date": "2026-06-26",
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        "relative_strength": 1.232061,
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "relative_strength": 3.8574,
        "stage": 2,
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        "energy": 63.579278,
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 10059.75,
        "trend": 3510.008097,
        "fair_value": 2905.424855,
        "relative_strength": 1.79714,
        "stage": 2,
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        "modifier": "Established expansion",
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        "direction": 61.913236,
        "energy": 58.682157,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
        "close": 3687.0,
        "volume": 10260,
        "typical_volume": 10189.5,
        "trend": 3518.472404,
        "fair_value": 2914.320524,
        "relative_strength": 0.161719,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.681225,
        "energy": 56.912166,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 3675.5,
        "volume": 9232,
        "typical_volume": 10137.85,
        "trend": 3527.578328,
        "fair_value": 2923.37157,
        "relative_strength": -1.34974,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 48.944728,
        "energy": 46.277639,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 3839.75,
        "volume": 15467,
        "typical_volume": 10477.95,
        "trend": 3540.284351,
        "fair_value": 2933.686189,
        "relative_strength": 2.718557,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 86.188045,
        "energy": 63.443385,
        "activity_lines": [
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      }
    ],
    "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."
    }
  }
}