{
  "ticker": {
    "uuid": "1116fee6-970f-43f7-8e56-5849923b9551",
    "symbol": "SERE",
    "name": "Schroder European Real Estate Inv Trust",
    "exchange": "LSE",
    "country": "GB",
    "assetType": "equity"
  },
  "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": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 62.783,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 53.773,
    "architecture_energy": 31.129,
    "architecture_maturity": 9.731,
    "architecture_confidence": 67.675,
    "architecture_tenure": "New",
    "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": 37.26,
        "rotation_up": 48.57,
        "upward_expansion": 74.22,
        "deceleration": 58.76,
        "rotation_down": 17.76,
        "downward_expansion": 3.22
      },
      "activity_lines": [
        0.635703,
        0.630951,
        0.618914,
        0.614785
      ],
      "activity_state": "Moderate",
      "activity_direction": "Stable",
      "rotation_direction": "Improving",
      "price_acceptance": 0.5
    },
    "latest_close": 0.642,
    "trend_reference": 0.613395,
    "distance_from_trend": 0.046633,
    "trend_direction": "Improving",
    "fair_value": 0.590613,
    "distance_from_fair_value": 0.087006,
    "fair_value_direction": "Improving",
    "relative_strength": -3.172601,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.019621,
    "excess_performance": -0.031615,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.046633,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.011241,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.087006,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.085065,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.031726,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.059847,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.019621,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.097178,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1785989,
      "relative_activity": 1.817063,
      "balance": 1.097178,
      "dry_up": 1.641488,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.064972,
      "annualized_volatility": 0.18298,
      "from_high_reference": -0.050296,
      "from_low_reference": 0.162439
    },
    "levels": {
      "trend_reference": 0.613395,
      "fair_value_reference": 0.590613,
      "structural_low": 0.552287,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 15,
        "median_return": -0.002381,
        "positive_rate": 0.466667,
        "directional_follow_through": 0.466667,
        "median_excess_return": -0.009705,
        "regime_survival": 0.6,
        "best_return": 0.113844,
        "worst_return": -0.112023,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": -0.033293,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.009639,
        "regime_survival": 0.0,
        "best_return": 0.10862,
        "worst_return": -0.052396,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": -0.017152,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": 0.011898,
        "regime_survival": 0.2,
        "best_return": 0.139911,
        "worst_return": -0.194405,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.118659,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.000652,
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        "best_return": 0.12036,
        "worst_return": -0.175368,
        "sufficient": false
      }
    ],
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        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-11-08",
        "end": "2025-01-03",
        "tenure": "Developing",
        "return": -0.068993,
        "active": false
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "tenure": "New",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "active": false
      },
      {
        "regime": "upward_expansion",
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      {
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      {
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        "active": false
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      {
        "regime": "downward_expansion",
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        "regime": "balance",
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        "active": false
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      {
        "regime": "rotation_up",
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        "active": true
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      },
      {
        "date": "2026-04-24",
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      },
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        "date": "2026-05-01",
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      },
      {
        "date": "2026-05-08",
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      },
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        "date": "2026-05-15",
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      },
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      {
        "date": "2026-06-05",
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      {
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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        "relative_strength": -1.523958,
        "stage": 2,
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        "modifier": "Balance after decline",
        "gate": "mixed",
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      },
      {
        "date": "2026-07-10",
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        "volume": 1409822,
        "typical_volume": 866746.35,
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        "fair_value": 0.590212,
        "relative_strength": -1.295259,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 25.32557,
        "energy": 35.40269,
        "activity_lines": [
          0.629888,
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      },
      {
        "date": "2026-07-17",
        "close": 0.63,
        "volume": 2066926,
        "typical_volume": 885467.35,
        "trend": 0.609757,
        "fair_value": 0.590323,
        "relative_strength": -3.345017,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 50.181546,
        "energy": 46.431119,
        "activity_lines": [
          0.633757,
          0.619895,
          0.61079,
          0.610141
        ]
      },
      {
        "date": "2026-07-24",
        "close": 0.63,
        "volume": 1174490,
        "typical_volume": 904650.85,
        "trend": 0.611383,
        "fair_value": 0.59032,
        "relative_strength": -4.173233,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 51.061887,
        "energy": 50.446913,
        "activity_lines": [
          0.634737,
          0.623077,
          0.613096,
          0.611447
        ]
      },
      {
        "date": "2026-07-31",
        "close": 0.634,
        "volume": 1426262,
        "typical_volume": 933397.2,
        "trend": 0.612886,
        "fair_value": 0.590405,
        "relative_strength": -4.43276,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 50.420537,
        "energy": 38.58057,
        "activity_lines": [
          0.634028,
          0.626441,
          0.615693,
          0.612906
        ]
      },
      {
        "date": "2026-08-07",
        "close": 0.642,
        "volume": 1785989,
        "typical_volume": 982899.0,
        "trend": 0.613395,
        "fair_value": 0.590613,
        "relative_strength": -3.172601,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 53.772844,
        "energy": 31.128625,
        "activity_lines": [
          0.635703,
          0.630951,
          0.618914,
          0.614785
        ]
      }
    ],
    "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."
    }
  }
}