{
  "ticker": {
    "uuid": "103c93f1-03e7-4142-a918-3745ce2744af",
    "symbol": "RIEM",
    "name": "L&G Emerging Markets Equity 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": 92.903,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 8.51,
    "architecture_energy": 19.937,
    "architecture_maturity": 64.739,
    "architecture_confidence": 78.616,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 57.89,
        "rotation_up": 16.16,
        "upward_expansion": 45.99,
        "deceleration": 87.97,
        "rotation_down": 43.46,
        "downward_expansion": 30.99
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.5
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    "latest_close": 19.986,
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    "trend_direction": "Improving",
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    "distance_from_fair_value": 0.4124,
    "fair_value_direction": "Weakening",
    "relative_strength": 4.580046,
    "relative_strength_direction": "Weakening",
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        "label": "Trend direction",
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        "label": "Price vs current Fair Value",
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        "read": "Premium"
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        "label": "Fair Value direction",
        "positive": false,
        "value": -0.104163,
        "read": "Moving away"
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      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.0458,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.16182,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
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        "value": 0.11163,
        "read": "Positive"
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      {
        "label": "Volume balance",
        "positive": true,
        "value": 8.848734,
        "read": "Demand-led"
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    "volume": {
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      "relative_activity": 8.36872,
      "balance": 8.848734,
      "dry_up": 2.559181,
      "accumulation_observations": 3,
      "distribution_observations": 1
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    "risk": {
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      "annualized_volatility": 0.241083,
      "from_high_reference": -0.066075,
      "from_low_reference": 0.38063
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      "fair_value_reference": 14.150382,
      "structural_low": 16.771999,
      "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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        "sample_count": 1,
        "median_return": 0.139385,
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        "directional_follow_through": 1.0,
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        "sufficient": false
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        "horizon": "Intermediate",
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        "horizon": "Full cycle",
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        "color": "blue",
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        "end": "2025-05-16",
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        "date": "2026-07-17",
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        "relative_strength": 4.951345,
        "stage": 2,
        "regime": "upward_expansion",
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        "direction": 34.765547,
        "energy": 25.345961,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
        "close": 19.485001,
        "volume": 7227,
        "typical_volume": 3294.3,
        "trend": 18.903,
        "fair_value": 14.071751,
        "relative_strength": 4.080947,
        "stage": 2,
        "regime": "deceleration",
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        "direction": 26.932573,
        "energy": 24.606513,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 19.559,
        "volume": 2838,
        "typical_volume": 3336.2,
        "trend": 18.996767,
        "fair_value": 14.109857,
        "relative_strength": 2.930179,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 18.622283,
        "energy": 23.587144,
        "activity_lines": [
          19.683034,
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 19.986,
        "volume": 48008,
        "typical_volume": 5736.6,
        "trend": 19.0937,
        "fair_value": 14.150382,
        "relative_strength": 4.580046,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 8.509659,
        "energy": 19.93718,
        "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."
    }
  }
}