{
  "ticker": {
    "uuid": "19a3e03c-59bf-4454-b502-a1d1982e5d98",
    "symbol": "UB0A",
    "name": "UBS Core MSCI USA UCITS ETF hGBP acc",
    "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": 87.098,
    "architecture_energy": 65.344,
    "architecture_maturity": 57.571,
    "architecture_confidence": 76.738,
    "architecture_tenure": "Established",
    "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": 31.7,
        "rotation_up": 54.85,
        "upward_expansion": 81.55,
        "deceleration": 67.33,
        "rotation_down": 27.87,
        "downward_expansion": 10.55
      },
      "activity_lines": [
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 3224.5,
    "trend_reference": 2966.75,
    "distance_from_trend": 0.08688,
    "trend_direction": "Improving",
    "fair_value": 2435.496795,
    "distance_from_fair_value": 0.32396,
    "fair_value_direction": "Improving",
    "relative_strength": 2.994301,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.127941,
    "excess_performance": 0.076705,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.08688,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.033207,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.32396,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.010582,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.029943,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.018263,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.127941,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 12.478277,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1976,
      "relative_activity": 0.202477,
      "balance": 12.478277,
      "dry_up": 0.252302,
      "accumulation_observations": 2,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.016943,
      "annualized_volatility": 0.12883,
      "from_high_reference": 0.0,
      "from_low_reference": 0.226046
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    "levels": {
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      "fair_value_reference": 2435.496795,
      "structural_low": 2651.342041,
      "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": 39,
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        "positive_rate": 0.74359,
        "directional_follow_through": 0.74359,
        "median_excess_return": 0.005318,
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        "best_return": 0.063786,
        "worst_return": -0.09314,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "worst_return": -0.07035,
        "sufficient": true
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        "worst_return": -0.172966,
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      },
      {
        "date": "2026-04-10",
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        "fair_value": 2291.682692,
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        "modifier": "Supply rotation",
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      },
      {
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      },
      {
        "date": "2026-04-24",
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      },
      {
        "date": "2026-05-01",
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      },
      {
        "date": "2026-05-08",
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        "relative_strength": 4.820626,
        "stage": 2,
        "regime": "rotation_up",
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      },
      {
        "date": "2026-05-15",
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        "stage": 2,
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      },
      {
        "date": "2026-05-22",
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      },
      {
        "date": "2026-05-29",
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        "relative_strength": 5.58426,
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      },
      {
        "date": "2026-06-05",
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      },
      {
        "date": "2026-06-12",
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        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "relative_strength": 1.400584,
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 10589.15,
        "trend": 2940.083333,
        "fair_value": 2410.658654,
        "relative_strength": 2.060022,
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        "modifier": "Established expansion",
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        "energy": 59.149528,
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      },
      {
        "date": "2026-07-24",
        "close": 3094.5,
        "volume": 800,
        "typical_volume": 10518.35,
        "trend": 2947.608333,
        "fair_value": 2418.514423,
        "relative_strength": 0.382994,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
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        "energy": 57.786213,
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      },
      {
        "date": "2026-07-31",
        "close": 3084.25,
        "volume": 1740,
        "typical_volume": 10016.2,
        "trend": 2955.608333,
        "fair_value": 2426.466346,
        "relative_strength": -1.154685,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 49.525036,
        "energy": 47.938419,
        "activity_lines": [
          3100.9,
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          3073.045238,
          3016.639785
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      },
      {
        "date": "2026-08-07",
        "close": 3224.5,
        "volume": 1976,
        "typical_volume": 9759.15,
        "trend": 2966.75,
        "fair_value": 2435.496795,
        "relative_strength": 2.994301,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 87.097645,
        "energy": 65.343591,
        "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."
    }
  }
}