{
  "ticker": {
    "uuid": "0a977d00-51e2-497e-a494-5c551d88333d",
    "symbol": "IWRD",
    "name": "iShares MSCI World UCITS ETF USD (Dist)",
    "exchange": "AMS",
    "country": "NL",
    "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": "^AEX",
    "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": 84.212,
    "architecture_energy": 67.762,
    "architecture_maturity": 77.929,
    "architecture_confidence": 69.223,
    "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": 13.63,
        "rotation_up": 54.85,
        "upward_expansion": 82.82,
        "deceleration": 71.08,
        "rotation_down": 28.23,
        "downward_expansion": 11.82
      },
      "activity_lines": [
        90.562666,
        90.148063,
        88.822078,
        87.060391
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 92.349998,
    "trend_reference": 85.018991,
    "distance_from_trend": 0.086228,
    "trend_direction": "Improving",
    "fair_value": 72.309201,
    "distance_from_fair_value": 0.277154,
    "fair_value_direction": "Improving",
    "relative_strength": 0.162309,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.136611,
    "excess_performance": 0.019949,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.086228,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.039477,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.277154,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.041634,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.001623,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.027447,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.136611,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.373444,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 30106,
      "relative_activity": 0.829963,
      "balance": 2.373444,
      "dry_up": 0.991057,
      "accumulation_observations": 4,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.017493,
      "annualized_volatility": 0.107046,
      "from_high_reference": -0.001622,
      "from_low_reference": 0.231597
    },
    "levels": {
      "trend_reference": 85.018991,
      "fair_value_reference": 72.309201,
      "structural_low": 77.355003,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 38,
        "median_return": 0.009583,
        "positive_rate": 0.684211,
        "directional_follow_through": 0.684211,
        "median_excess_return": -0.001816,
        "regime_survival": 0.842105,
        "best_return": 0.066699,
        "worst_return": -0.0828,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 13,
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        "median_excess_return": 0.001382,
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        "worst_return": -0.152963,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
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        "directional_follow_through": 0.714286,
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        "regime_survival": 0.428571,
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        "worst_return": -0.075668,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "worst_return": 0.010073,
        "sufficient": false
      }
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      {
        "regime": "balance",
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      {
        "regime": "deceleration",
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        "regime": "rotation_down",
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        "regime": "downward_expansion",
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      },
      {
        "date": "2026-04-24",
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      {
        "date": "2026-05-08",
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      },
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        "date": "2026-05-15",
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      },
      {
        "date": "2026-05-22",
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        "relative_strength": 2.648201,
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        "activity_lines": [
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      },
      {
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        "typical_volume": 65875.45,
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      },
      {
        "date": "2026-06-05",
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        "relative_strength": 3.020194,
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      },
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        "date": "2026-06-12",
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        "typical_volume": 58380.1,
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        "relative_strength": -1.210579,
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      },
      {
        "date": "2026-06-26",
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        "relative_strength": 1.042736,
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        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 45596.1,
        "trend": 84.080539,
        "fair_value": 71.657852,
        "relative_strength": -1.058433,
        "stage": 2,
        "regime": "upward_expansion",
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        "direction": 64.624106,
        "energy": 76.118772,
        "activity_lines": [
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          85.876325
        ]
      },
      {
        "date": "2026-07-24",
        "close": 89.970001,
        "volume": 31887,
        "typical_volume": 41980.2,
        "trend": 84.395328,
        "fair_value": 71.866388,
        "relative_strength": -0.570519,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "direction": 64.344115,
        "energy": 65.734253,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 89.199997,
        "volume": 38665,
        "typical_volume": 39654.95,
        "trend": 84.691108,
        "fair_value": 72.076437,
        "relative_strength": -2.194399,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.923913,
        "energy": 58.584186,
        "activity_lines": [
          89.763333,
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          88.23744,
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      },
      {
        "date": "2026-08-07",
        "close": 92.349998,
        "volume": 30106,
        "typical_volume": 36273.9,
        "trend": 85.018991,
        "fair_value": 72.309201,
        "relative_strength": 0.162309,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 84.211888,
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        "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."
    }
  }
}