{
  "ticker": {
    "uuid": "03f83418-d4f5-47ce-adf0-3d0e1b9fc4f5",
    "symbol": "SASU",
    "name": "iShares MSCI USA Screened UCITS ETF USD (Acc)",
    "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": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 82.838,
    "architecture_energy": 57.773,
    "architecture_maturity": 61.463,
    "architecture_confidence": 71.727,
    "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": 32.39,
        "rotation_up": 52.03,
        "upward_expansion": 79.58,
        "deceleration": 68.65,
        "rotation_down": 27.44,
        "downward_expansion": 8.58
      },
      "activity_lines": [
        15.7352,
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        15.503848,
        15.175445
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 16.194,
    "trend_reference": 14.805933,
    "distance_from_trend": 0.093751,
    "trend_direction": "Improving",
    "fair_value": 12.079069,
    "distance_from_fair_value": 0.340666,
    "fair_value_direction": "Improving",
    "relative_strength": 3.592466,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.13978,
    "excess_performance": 0.088545,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.093751,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.034016,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.340666,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.00699,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.035925,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.020813,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.13978,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.108287,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 4000875,
      "relative_activity": 1.038119,
      "balance": 2.108287,
      "dry_up": 0.904391,
      "accumulation_observations": 3,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.021983,
      "annualized_volatility": 0.1426,
      "from_high_reference": -0.002955,
      "from_low_reference": 0.2413
    },
    "levels": {
      "trend_reference": 14.805933,
      "fair_value_reference": 12.079069,
      "structural_low": 13.046,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 38,
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        "positive_rate": 0.710526,
        "directional_follow_through": 0.710526,
        "median_excess_return": 0.008709,
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        "worst_return": -0.070063,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "sufficient": true
      },
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        "horizon": "Extended",
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        "horizon": "Full cycle",
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        "regime": "deceleration",
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        "date": "2026-04-24",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 4394666.75,
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        "fair_value": 11.948549,
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        "energy": 54.017936,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
        "close": 15.466,
        "volume": 3737611,
        "typical_volume": 4089153.25,
        "trend": 14.7076,
        "fair_value": 11.989633,
        "relative_strength": 0.511301,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
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        "direction": 50.906574,
        "energy": 47.591899,
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      },
      {
        "date": "2026-07-31",
        "close": 15.452,
        "volume": 2971155,
        "typical_volume": 3883155.6,
        "trend": 14.747933,
        "fair_value": 12.03144,
        "relative_strength": -0.803341,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 46.946059,
        "energy": 40.789599,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 16.194,
        "volume": 4000875,
        "typical_volume": 3853967.25,
        "trend": 14.805933,
        "fair_value": 12.079069,
        "relative_strength": 3.592466,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 82.838393,
        "energy": 57.772582,
        "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."
    }
  }
}