{
  "ticker": {
    "uuid": "0e93829e-a0c6-4b82-9685-e5206f884aaa",
    "symbol": "SMMCHA",
    "name": "UBS SMIM ETF CHF dis",
    "exchange": "EBS",
    "country": "CH",
    "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": "^SSMI",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 79.902,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 75.887,
    "architecture_energy": 50.311,
    "architecture_maturity": 42.338,
    "architecture_confidence": 54.766,
    "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": 18.01,
        "rotation_up": 48.66,
        "upward_expansion": 75.53,
        "deceleration": 71.91,
        "rotation_down": 24.74,
        "downward_expansion": 6.86
      },
      "activity_lines": [
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        315.030325
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
    },
    "latest_close": 332.0,
    "trend_reference": 311.976668,
    "distance_from_trend": 0.064182,
    "trend_direction": "Improving",
    "fair_value": 275.231303,
    "distance_from_fair_value": 0.206258,
    "fair_value_direction": "Improving",
    "relative_strength": -1.27833,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.057662,
    "excess_performance": -0.025222,
    "evidence": [
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        "label": "Price vs Trend",
        "positive": true,
        "value": 0.064182,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.027636,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.206258,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.062135,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.012783,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.02378,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.057662,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.635424,
        "read": "Demand-led"
      }
    ],
    "volume": {
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      "relative_activity": 1.295329,
      "balance": 1.635424,
      "dry_up": 1.091079,
      "accumulation_observations": 4,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.023529,
      "annualized_volatility": 0.148038,
      "from_high_reference": -0.007474,
      "from_low_reference": 0.192101
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    "levels": {
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      "fair_value_reference": 275.231303,
      "structural_low": 279.450012,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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        "horizon": "Near term",
        "sample_count": 29,
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        "positive_rate": 0.551724,
        "directional_follow_through": 0.551724,
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        "worst_return": -0.10039,
        "sufficient": true
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      },
      {
        "date": "2026-07-03",
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        "relative_strength": -2.553043,
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        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 34457.25,
        "trend": 309.986668,
        "fair_value": 274.04027,
        "relative_strength": -3.011049,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.611443,
        "energy": 78.386629,
        "activity_lines": [
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          314.74548,
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      },
      {
        "date": "2026-07-24",
        "close": 318.799988,
        "volume": 25338,
        "typical_volume": 32973.7,
        "trend": 310.568334,
        "fair_value": 274.379944,
        "relative_strength": -4.027255,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.076767,
        "energy": 62.27986,
        "activity_lines": [
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          312.96398
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      },
      {
        "date": "2026-07-31",
        "close": 321.850006,
        "volume": 31325,
        "typical_volume": 32306.95,
        "trend": 311.253335,
        "fair_value": 274.770529,
        "relative_strength": -3.089298,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 54.723467,
        "energy": 38.502253,
        "activity_lines": [
          322.059998,
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      },
      {
        "date": "2026-08-07",
        "close": 332.0,
        "volume": 41059,
        "typical_volume": 31697.75,
        "trend": 311.976668,
        "fair_value": 275.231303,
        "relative_strength": -1.27833,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 75.887431,
        "energy": 50.311008,
        "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."
    }
  }
}