{
  "ticker": {
    "uuid": "0431ba0e-574e-44ae-a6b6-e96ebe8a4820",
    "symbol": "SP5L",
    "name": "Amundi Core S&P 500 Swap UCITS ETF 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": 81.327,
    "architecture_energy": 55.809,
    "architecture_maturity": 83.059,
    "architecture_confidence": 67.043,
    "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": 26.47,
        "rotation_up": 48.36,
        "upward_expansion": 79.85,
        "deceleration": 71.43,
        "rotation_down": 29.24,
        "downward_expansion": 8.85
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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": 417.920013,
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    "distance_from_trend": 0.082741,
    "trend_direction": "Improving",
    "fair_value": 324.672782,
    "distance_from_fair_value": 0.287204,
    "fair_value_direction": "Improving",
    "relative_strength": 2.416866,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.141577,
    "excess_performance": 0.090342,
    "evidence": [
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        "label": "Price vs Trend",
        "positive": true,
        "value": 0.082741,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.034138,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.287204,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.022862,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.024169,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.015433,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.141577,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.300302,
        "read": "Demand-led"
      }
    ],
    "volume": {
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      "relative_activity": 0.665691,
      "balance": 2.300302,
      "dry_up": 1.424076,
      "accumulation_observations": 4,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.01885,
      "annualized_volatility": 0.122777,
      "from_high_reference": -0.007337,
      "from_low_reference": 0.232075
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      "fair_value_reference": 324.672782,
      "structural_low": 348.570007,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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        "sample_count": 35,
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      },
      {
        "date": "2026-05-01",
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        "typical_volume": 10618.4,
        "trend": 369.916637,
        "fair_value": 309.91775,
        "relative_strength": 0.927897,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Structural repair",
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      },
      {
        "date": "2026-05-08",
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      },
      {
        "date": "2026-05-15",
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 10784.75,
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      },
      {
        "date": "2026-05-29",
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      },
      {
        "date": "2026-06-05",
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        "trend": 374.662167,
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        "relative_strength": 5.413239,
        "stage": 2,
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      },
      {
        "date": "2026-06-12",
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        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "typical_volume": 8824.1,
        "trend": 378.483167,
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        "relative_strength": 3.26568,
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        "gate": "up",
        "direction": 65.620571,
        "energy": 64.626462,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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        "typical_volume": 7216.5,
        "trend": 379.677667,
        "fair_value": 319.515731,
        "relative_strength": 2.276407,
        "stage": 2,
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        "modifier": "Early expansion",
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        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 7010.95,
        "trend": 381.021334,
        "fair_value": 320.592558,
        "relative_strength": 4.189501,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 69.150248,
        "energy": 65.295387,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 403.890015,
        "volume": 12544,
        "typical_volume": 7165.2,
        "trend": 382.190668,
        "fair_value": 321.59243,
        "relative_strength": 1.828299,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.460484,
        "energy": 59.874168,
        "activity_lines": [
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          398.754358,
          390.890603
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      },
      {
        "date": "2026-07-24",
        "close": 405.725006,
        "volume": 16660,
        "typical_volume": 7382.6,
        "trend": 383.400668,
        "fair_value": 322.591661,
        "relative_strength": 0.977906,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 52.284006,
        "energy": 54.241547,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 400.859985,
        "volume": 7402,
        "typical_volume": 7381.8,
        "trend": 384.546667,
        "fair_value": 323.569609,
        "relative_strength": -1.422315,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 46.830358,
        "energy": 41.796169,
        "activity_lines": [
          404.348667,
          405.590909,
          401.338119,
          393.535355
        ]
      },
      {
        "date": "2026-08-07",
        "close": 417.920013,
        "volume": 4844,
        "typical_volume": 7276.65,
        "trend": 385.983501,
        "fair_value": 324.672782,
        "relative_strength": 2.416866,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 81.326681,
        "energy": 55.809133,
        "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."
    }
  }
}