{
  "ticker": {
    "uuid": "175afec5-435a-4a34-890e-6c87b3bab407",
    "symbol": "MLPB",
    "name": "UBS AG London Branch",
    "exchange": "NYSE",
    "country": "US",
    "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": "SPY",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 93.579,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 61.53,
    "architecture_energy": 71.541,
    "architecture_maturity": 8.045,
    "architecture_confidence": 75.172,
    "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": 25.34,
        "rotation_up": 73.17,
        "upward_expansion": 89.09,
        "deceleration": 44.86,
        "rotation_down": 8.72,
        "downward_expansion": 15.76
      },
      "activity_lines": [
        30.155648,
        29.5765,
        29.315401,
        29.075481
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 30.0153,
    "trend_reference": 28.570731,
    "distance_from_trend": 0.050561,
    "trend_direction": "Improving",
    "fair_value": 23.267498,
    "distance_from_fair_value": 0.29001,
    "fair_value_direction": "Weakening",
    "relative_strength": 0.217092,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.120808,
    "excess_performance": -0.004817,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.050561,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.057126,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.29001,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.014825,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.002171,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.007265,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.120808,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.219307,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 16942,
      "relative_activity": 0.668277,
      "balance": 2.219307,
      "dry_up": 0.688039,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.031533,
      "annualized_volatility": 0.176835,
      "from_high_reference": -0.024876,
      "from_low_reference": 0.323734
    },
    "levels": {
      "trend_reference": 28.570731,
      "fair_value_reference": 23.267498,
      "structural_low": 26.609386,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 43,
        "median_return": 0.010977,
        "positive_rate": 0.581395,
        "directional_follow_through": 0.581395,
        "median_excess_return": 0.001921,
        "regime_survival": 0.744186,
        "best_return": 0.118313,
        "worst_return": -0.126022,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 16,
        "median_return": 0.024592,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.007278,
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        "worst_return": -0.066227,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 8,
        "median_return": 0.071369,
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        "directional_follow_through": 1.0,
        "median_excess_return": 0.022079,
        "regime_survival": 0.375,
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        "worst_return": 0.010319,
        "sufficient": true
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      {
        "horizon": "Full cycle",
        "sample_count": 4,
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        "worst_return": 0.034479,
        "sufficient": false
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      {
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      {
        "regime": "deceleration",
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        "active": false
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        "regime": "balance",
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        "color": "blue",
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      {
        "regime": "rotation_down",
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        "active": false
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        "regime": "balance",
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      },
      {
        "date": "2026-07-03",
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      },
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 26434.15,
        "trend": 28.009479,
        "fair_value": 23.013005,
        "relative_strength": 3.780226,
        "stage": 2,
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        "modifier": "Recompressing",
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        "direction": 50.366416,
        "energy": 25.403996,
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        ]
      },
      {
        "date": "2026-07-24",
        "close": 30.4481,
        "volume": 11074,
        "typical_volume": 26024.8,
        "trend": 28.210316,
        "fair_value": 23.098201,
        "relative_strength": 6.426351,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 70.002253,
        "energy": 57.874792,
        "activity_lines": [
          29.579594,
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          29.067757,
          28.81943
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      },
      {
        "date": "2026-07-31",
        "close": 30.5697,
        "volume": 18650,
        "typical_volume": 25817.6,
        "trend": 28.405885,
        "fair_value": 23.185419,
        "relative_strength": 5.652408,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 71.957876,
        "energy": 72.783451,
        "activity_lines": [
          30.040103,
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          28.971648
        ]
      },
      {
        "date": "2026-08-07",
        "close": 30.0153,
        "volume": 16942,
        "typical_volume": 25351.75,
        "trend": 28.570731,
        "fair_value": 23.267498,
        "relative_strength": 0.217092,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.529815,
        "energy": 71.540911,
        "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."
    }
  }
}