{
  "ticker": {
    "uuid": "1c6d134c-29e2-4f51-b732-8e67b2893d26",
    "symbol": "XESC",
    "name": "Xtrackers Euro Stoxx 50 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": 82.824,
    "architecture_energy": 58.352,
    "architecture_maturity": 33.304,
    "architecture_confidence": 88.776,
    "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": 11.34,
        "rotation_up": 59.12,
        "upward_expansion": 81.71,
        "deceleration": 56.97,
        "rotation_down": 23.74,
        "downward_expansion": 8.38
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      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Stable",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
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    "latest_close": 9969.0,
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    "distance_from_trend": 0.084524,
    "trend_direction": "Improving",
    "fair_value": 7626.846154,
    "distance_from_fair_value": 0.307093,
    "fair_value_direction": "Improving",
    "relative_strength": 3.308178,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.095856,
    "excess_performance": 0.04462,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.084524,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.03202,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.307093,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.076019,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.033082,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.032004,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.095856,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.966123,
        "read": "Demand-led"
      }
    ],
    "volume": {
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      "relative_activity": 1.013028,
      "balance": 2.966123,
      "dry_up": 0.760199,
      "accumulation_observations": 4,
      "distribution_observations": 0
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    "risk": {
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      "annualized_volatility": 0.181296,
      "from_high_reference": -0.006082,
      "from_low_reference": 0.250816
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    "levels": {
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      "fair_value_reference": 7626.846154,
      "structural_low": 8152.0,
      "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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        "directional_follow_through": 0.5,
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        "horizon": "Intermediate",
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        "date": "2026-04-03",
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      },
      {
        "date": "2026-04-10",
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        "date": "2026-04-17",
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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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      },
      {
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      },
      {
        "date": "2026-05-29",
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      {
        "date": "2026-06-05",
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        "stage": 2,
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      },
      {
        "date": "2026-06-12",
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      },
      {
        "date": "2026-06-26",
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      {
        "date": "2026-07-03",
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      {
        "date": "2026-07-10",
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      },
      {
        "date": "2026-07-17",
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        "volume": 29626,
        "typical_volume": 59793.35,
        "trend": 9109.366667,
        "fair_value": 7558.666667,
        "relative_strength": 0.681036,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
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        "energy": 49.291918,
        "activity_lines": [
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          9320.552381,
          9217.539785
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      },
      {
        "date": "2026-07-24",
        "close": 9552.0,
        "volume": 48110,
        "typical_volume": 57071.6,
        "trend": 9135.783333,
        "fair_value": 7579.522436,
        "relative_strength": 0.624011,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.199413,
        "energy": 44.865589,
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          9545.0,
          9539.963636,
          9361.469048,
          9246.096774
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      },
      {
        "date": "2026-07-31",
        "close": 9679.0,
        "volume": 17040,
        "typical_volume": 51813.4,
        "trend": 9162.3,
        "fair_value": 7602.182692,
        "relative_strength": 0.666145,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.806772,
        "energy": 43.342905,
        "activity_lines": [
          9581.666667,
          9574.236364,
          9410.72619,
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      },
      {
        "date": "2026-08-07",
        "close": 9969.0,
        "volume": 47348,
        "typical_volume": 46739.1,
        "trend": 9192.05,
        "fair_value": 7626.846154,
        "relative_strength": 3.308178,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 82.82417,
        "energy": 58.35152,
        "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."
    }
  }
}