{
  "ticker": {
    "uuid": "177357b2-ca61-4279-a6cf-120b27ee86f3",
    "symbol": "RENEW",
    "name": "UBS CMCI Future Commodity SF UCITS ETF USD acc",
    "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": 65.214,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Re-acceleration watch",
    "architecture_gate": "up",
    "architecture_direction": 63.62,
    "architecture_energy": 51.485,
    "architecture_maturity": 26.182,
    "architecture_confidence": 49.775,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The prior uptrend is attempting to re-accelerate.",
        "body": "Positive Trend survived a recompression and Fast Activity is strengthening again. Promotion requires renewed confirmation across the completed evidence set."
      },
      "scores": {
        "balance": 24.89,
        "rotation_up": 76.19,
        "upward_expansion": 72.45,
        "deceleration": 59.88,
        "rotation_down": 8.96,
        "downward_expansion": 13.45
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.5
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    "latest_close": 133.639999,
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    "distance_from_trend": 0.046925,
    "trend_direction": "Improving",
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    "distance_from_fair_value": 0.204989,
    "fair_value_direction": "Weakening",
    "relative_strength": 0.021206,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.117204,
    "excess_performance": 0.034321,
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        "value": 0.046925,
        "read": "Above"
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      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.042302,
        "read": "Rising"
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      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.204989,
        "read": "Premium"
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      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.018682,
        "read": "Moving away"
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      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.000212,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.116469,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
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        "value": 0.117204,
        "read": "Positive"
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      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.072473,
        "read": "Supply-led"
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    "volume": {
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      "relative_activity": 0.542145,
      "balance": 0.072473,
      "dry_up": 3.613657,
      "accumulation_observations": 0,
      "distribution_observations": 2
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      "from_high_reference": -0.029907,
      "from_low_reference": 0.254836
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      "fair_value_reference": 110.905617,
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      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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        "sample_count": 3,
        "median_return": 0.034,
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        "horizon": "Intermediate",
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        "horizon": "Extended",
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        "horizon": "Full cycle",
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        "date": "2026-08-07",
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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."
    }
  }
}