{
  "ticker": {
    "uuid": "0c17cdf0-c94d-4b8f-84b0-3137c95a0f6d",
    "symbol": "EUDV",
    "name": "State Street SPDR S&P Euro Dividend Aristocrats UCITS ETF",
    "exchange": "PAR",
    "country": "FR",
    "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": "^FCHI",
    "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": 90.445,
    "architecture_energy": 95.624,
    "architecture_maturity": 38.246,
    "architecture_confidence": 72.988,
    "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": 0.17,
        "rotation_up": 88.58,
        "upward_expansion": 99.89,
        "deceleration": 39.03,
        "rotation_down": 8.47,
        "downward_expansion": 21.89
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      "activity_lines": [
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        29.367368
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 31.165001,
    "trend_reference": 28.908172,
    "distance_from_trend": 0.078069,
    "trend_direction": "Improving",
    "fair_value": 24.544828,
    "distance_from_fair_value": 0.269718,
    "fair_value_direction": "Improving",
    "relative_strength": 4.139127,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.099454,
    "excess_performance": 0.046143,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.078069,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.035597,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.269718,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.059124,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.041391,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.000387,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.099454,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.282555,
        "read": "Demand-led"
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    ],
    "volume": {
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      "relative_activity": 1.537635,
      "balance": 2.282555,
      "dry_up": 1.173719,
      "accumulation_observations": 2,
      "distribution_observations": 1
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    "risk": {
      "range_context": 0.015229,
      "annualized_volatility": 0.121596,
      "from_high_reference": -0.004154,
      "from_low_reference": 0.20436
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    "levels": {
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      "fair_value_reference": 24.544828,
      "structural_low": 26.424999,
      "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": 37,
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        "directional_follow_through": 0.648649,
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        "worst_return": -0.064384,
        "sufficient": true
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        "horizon": "Intermediate",
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        "worst_return": -0.022978,
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        "horizon": "Extended",
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        "date": "2026-04-24",
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      },
      {
        "date": "2026-07-03",
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      },
      {
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      },
      {
        "date": "2026-07-17",
        "close": 30.15,
        "volume": 31232,
        "typical_volume": 40145.5,
        "trend": 28.563833,
        "fair_value": 24.334505,
        "relative_strength": 5.62857,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 83.625346,
        "energy": 85.118736,
        "activity_lines": [
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          28.961933
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      },
      {
        "date": "2026-07-24",
        "close": 30.290001,
        "volume": 33574,
        "typical_volume": 38722.6,
        "trend": 28.670071,
        "fair_value": 24.399389,
        "relative_strength": 5.569886,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 81.406661,
        "energy": 86.756839,
        "activity_lines": [
          30.002667,
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      },
      {
        "date": "2026-07-31",
        "close": 30.85,
        "volume": 54442,
        "typical_volume": 37651.15,
        "trend": 28.786855,
        "fair_value": 24.470984,
        "relative_strength": 5.667117,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 89.568605,
        "energy": 93.342684,
        "activity_lines": [
          30.332667,
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          29.21394
        ]
      },
      {
        "date": "2026-08-07",
        "close": 31.165001,
        "volume": 58076,
        "typical_volume": 37769.7,
        "trend": 28.908172,
        "fair_value": 24.544828,
        "relative_strength": 4.139127,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 90.445392,
        "energy": 95.623647,
        "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."
    }
  }
}