{
  "ticker": {
    "uuid": "13d58c3b-fc66-4b6c-9df6-33bf3114d5f5",
    "symbol": "XMUS",
    "name": "Xtrackers MSCI USA Swap UCITS ETF 1C",
    "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": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 81.693,
    "architecture_energy": 56.821,
    "architecture_maturity": 80.518,
    "architecture_confidence": 66.653,
    "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": 26.3,
        "rotation_up": 48.95,
        "upward_expansion": 80.06,
        "deceleration": 71.42,
        "rotation_down": 29.16,
        "downward_expansion": 9.06
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      "activity_lines": [
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 17257.5,
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    "distance_from_trend": 0.08396,
    "trend_direction": "Improving",
    "fair_value": 13440.660006,
    "distance_from_fair_value": 0.283977,
    "fair_value_direction": "Improving",
    "relative_strength": 1.986963,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.142767,
    "excess_performance": 0.091532,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.08396,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.033342,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.283977,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.026364,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.01987,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.011368,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.142767,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.077026,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 14265,
      "relative_activity": 1.286834,
      "balance": 2.077026,
      "dry_up": 1.098116,
      "accumulation_observations": 3,
      "distribution_observations": 1
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    "risk": {
      "range_context": 0.018934,
      "annualized_volatility": 0.122969,
      "from_high_reference": -0.149121,
      "from_low_reference": 0.229867
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    "levels": {
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      "fair_value_reference": 13440.660006,
      "structural_low": 14377.0,
      "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": 36,
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        "positive_rate": 0.611111,
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        "worst_return": -0.075574,
        "sufficient": true
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        "horizon": "Intermediate",
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        "horizon": "Extended",
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      },
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      },
      {
        "date": "2026-05-29",
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      },
      {
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      },
      {
        "date": "2026-07-17",
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        "trend": 15766.633333,
        "fair_value": 13313.486929,
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        "energy": 60.333554,
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      },
      {
        "date": "2026-07-24",
        "close": 16753.0,
        "volume": 8264,
        "typical_volume": 12430.1,
        "trend": 15815.783333,
        "fair_value": 13354.733724,
        "relative_strength": 0.533405,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
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        "direction": 52.781315,
        "energy": 55.515707,
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      },
      {
        "date": "2026-07-31",
        "close": 16547.0,
        "volume": 7072,
        "typical_volume": 11700.45,
        "trend": 15862.2,
        "fair_value": 13395.041416,
        "relative_strength": -1.878898,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 47.452317,
        "energy": 43.359354,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 17257.5,
        "volume": 14265,
        "typical_volume": 11085.35,
        "trend": 15920.783333,
        "fair_value": 13440.660006,
        "relative_strength": 1.986963,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
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        "energy": 56.820575,
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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."
    }
  }
}