{
  "ticker": {
    "uuid": "17bb31af-5720-4ff9-9a88-61e0f428381e",
    "symbol": "UEFF",
    "name": "UBS Core BBG US Treasury 1-3 UCITS ETF USD dis",
    "exchange": "GER",
    "country": "DE",
    "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": "^GDAXI",
    "stage": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 63.09,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 51.056,
    "architecture_energy": 43.86,
    "architecture_maturity": 62.212,
    "architecture_confidence": 57.499,
    "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": 18.47,
        "rotation_up": 46.68,
        "upward_expansion": 70.97,
        "deceleration": 62.39,
        "rotation_down": 26.17,
        "downward_expansion": 18.64
      },
      "activity_lines": [
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        21.085663
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 21.184,
    "trend_reference": 20.967648,
    "distance_from_trend": 0.010318,
    "trend_direction": "Improving",
    "fair_value": 20.870869,
    "distance_from_fair_value": 0.015003,
    "fair_value_direction": "Improving",
    "relative_strength": -6.295711,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.028974,
    "excess_performance": -0.035666,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.010318,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.008349,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.015003,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.016792,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.062957,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.050572,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.028974,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.876871,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 71,
      "relative_activity": 0.031316,
      "balance": 1.876871,
      "dry_up": 0.676936,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.006725,
      "annualized_volatility": 0.053574,
      "from_high_reference": -0.120791,
      "from_low_reference": 0.046473
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    "levels": {
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      "fair_value_reference": 20.870869,
      "structural_low": 20.43,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 35,
        "median_return": -0.001188,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.428571,
        "median_excess_return": -0.010476,
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        "worst_return": -0.12828,
        "sufficient": true
      },
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        "horizon": "Intermediate",
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        "worst_return": -0.14465,
        "sufficient": true
      },
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        "horizon": "Extended",
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        "worst_return": -0.135566,
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      {
        "horizon": "Full cycle",
        "sample_count": 4,
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        "regime": "deceleration",
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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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        "date": "2026-05-22",
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        "date": "2026-06-05",
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      },
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        "date": "2026-06-26",
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        "energy": 86.972168,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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        "relative_strength": -3.666612,
        "stage": 1,
        "regime": "upward_expansion",
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        "energy": 87.013418,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 2500.7,
        "trend": 20.884505,
        "fair_value": 20.826158,
        "relative_strength": -0.949842,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 72.692704,
        "energy": 89.218757,
        "activity_lines": [
          21.328,
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      },
      {
        "date": "2026-07-17",
        "close": 21.375,
        "volume": 2907,
        "typical_volume": 2535.3,
        "trend": 20.90787,
        "fair_value": 20.838785,
        "relative_strength": 0.057033,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 71.92467,
        "energy": 88.742747,
        "activity_lines": [
          21.359067,
          21.256418,
          21.100562,
          21.018246
        ]
      },
      {
        "date": "2026-07-24",
        "close": 21.427999,
        "volume": 2063,
        "typical_volume": 2467.9,
        "trend": 20.936772,
        "fair_value": 20.850792,
        "relative_strength": -0.809035,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 76.320596,
        "energy": 88.858613,
        "activity_lines": [
          21.386666,
          21.304764,
          21.137819,
          21.051802
        ]
      },
      {
        "date": "2026-07-31",
        "close": 21.233999,
        "volume": 1098,
        "typical_volume": 2479.9,
        "trend": 20.956388,
        "fair_value": 20.861431,
        "relative_strength": -3.630832,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.979213,
        "energy": 57.760148,
        "activity_lines": [
          21.336866,
          21.308545,
          21.15479,
          21.070978
        ]
      },
      {
        "date": "2026-08-07",
        "close": 21.184,
        "volume": 71,
        "typical_volume": 2267.2,
        "trend": 20.967648,
        "fair_value": 20.870869,
        "relative_strength": -6.295711,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 51.055809,
        "energy": 43.859703,
        "activity_lines": [
          21.282666,
          21.298291,
          21.167081,
          21.085663
        ]
      }
    ],
    "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."
    }
  }
}