{
  "ticker": {
    "uuid": "1c9bb207-e291-43a9-abbd-f9a734fb5462",
    "symbol": "SUSW",
    "name": "iShares MSCI World SRI UCITS ETF EUR (Acc)",
    "exchange": "AMS",
    "country": "NL",
    "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": "^AEX",
    "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": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 70.612,
    "architecture_energy": 55.088,
    "architecture_maturity": 63.749,
    "architecture_confidence": 70.589,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 17.28,
        "rotation_up": 47.48,
        "upward_expansion": 71.04,
        "deceleration": 85.49,
        "rotation_down": 27.72,
        "downward_expansion": 21.04
      },
      "activity_lines": [
        13.758933,
        13.767418,
        13.536625,
        13.251808
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 14.028,
    "trend_reference": 12.936693,
    "distance_from_trend": 0.084357,
    "trend_direction": "Improving",
    "fair_value": 11.378433,
    "distance_from_fair_value": 0.232859,
    "fair_value_direction": "Improving",
    "relative_strength": 0.176308,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.132514,
    "excess_performance": 0.015852,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.084357,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.044655,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.232859,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.052243,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.001763,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.020309,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.132514,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.184271,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 98535,
      "relative_activity": 0.928497,
      "balance": 1.184271,
      "dry_up": 1.190636,
      "accumulation_observations": 2,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.019028,
      "annualized_volatility": 0.116939,
      "from_high_reference": 0.0,
      "from_low_reference": 0.230526
    },
    "levels": {
      "trend_reference": 12.936693,
      "fair_value_reference": 11.378433,
      "structural_low": 11.65,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 5,
        "median_return": 0.005916,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": -0.002174,
        "regime_survival": 0.0,
        "best_return": 0.013724,
        "worst_return": -0.057242,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": 0.034496,
        "positive_rate": 0.8,
        "directional_follow_through": 0.8,
        "median_excess_return": -0.022438,
        "regime_survival": 0.2,
        "best_return": 0.061754,
        "worst_return": -0.175012,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.100498,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.015874,
        "regime_survival": 0.0,
        "best_return": 0.123942,
        "worst_return": -0.066215,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.098804,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.073124,
        "regime_survival": 0.0,
        "best_return": 0.164937,
        "worst_return": 0.032671,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-01-17",
        "end": "2025-01-24",
        "tenure": "New",
        "return": -0.004103,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-01-31",
        "end": "2025-02-28",
        "tenure": "Developing",
        "return": -0.027016,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-03-07",
        "end": "2025-04-04",
        "tenure": "Developing",
        "return": -0.087795,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-11",
        "end": "2025-05-30",
        "tenure": "Developing",
        "return": 0.139354,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-06",
        "end": "2025-07-18",
        "tenure": "Developing",
        "return": 0.002101,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-07-25",
        "end": "2025-08-01",
        "tenure": "New",
        "return": -0.018271,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-11-21",
        "tenure": "Established",
        "return": 0.022537,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-12-12",
        "tenure": "New",
        "return": 0.002161,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "tenure": "Developing",
        "return": 0.023615,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2026-02-27",
        "tenure": "New",
        "return": 0.000151,
        "active": false
      },
      {
        "regime": "upward_expansion",
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        "active": false
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      {
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      {
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        "active": false
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      {
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        "end": "2026-08-07",
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        "return": 0.0,
        "active": true
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        "fair_value": 10.981023,
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        "modifier": "Supply rotation",
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      },
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        "date": "2026-05-01",
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        "fair_value": 11.005508,
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        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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      },
      {
        "date": "2026-05-08",
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      },
      {
        "date": "2026-05-15",
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      },
      {
        "date": "2026-05-22",
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        "direction": 82.502152,
        "energy": 86.746612,
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 102675.95,
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        "stage": 2,
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      },
      {
        "date": "2026-06-05",
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        "trend": 12.43622,
        "fair_value": 11.133962,
        "relative_strength": 2.488863,
        "stage": 2,
        "regime": "upward_expansion",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 99897.3,
        "trend": 12.491597,
        "fair_value": 11.159871,
        "relative_strength": 0.014065,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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      },
      {
        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "typical_volume": 90500.45,
        "trend": 12.620017,
        "fair_value": 11.215487,
        "relative_strength": 3.064885,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 78.542826,
        "energy": 91.264779,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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        "typical_volume": 89849.4,
        "trend": 12.680137,
        "fair_value": 11.244394,
        "relative_strength": 2.241464,
        "stage": 2,
        "regime": "upward_expansion",
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        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 95404.7,
        "trend": 12.741843,
        "fair_value": 11.272692,
        "relative_strength": 1.672001,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 73.984948,
        "energy": 89.6026,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 13.678,
        "volume": 162130,
        "typical_volume": 99906.6,
        "trend": 12.79324,
        "fair_value": 11.298727,
        "relative_strength": -0.699675,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.819496,
        "energy": 78.966344,
        "activity_lines": [
          13.8172,
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          13.338987,
          13.079863
        ]
      },
      {
        "date": "2026-07-24",
        "close": 13.666,
        "volume": 135546,
        "typical_volume": 103551.65,
        "trend": 12.843447,
        "fair_value": 11.323951,
        "relative_strength": -0.591845,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.422697,
        "energy": 64.23271,
        "activity_lines": [
          13.763467,
          13.727418,
          13.404741,
          13.13617
        ]
      },
      {
        "date": "2026-07-31",
        "close": 13.496,
        "volume": 109205,
        "typical_volume": 104937.3,
        "trend": 12.888157,
        "fair_value": 11.349324,
        "relative_strength": -2.578989,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 50.883676,
        "energy": 49.815906,
        "activity_lines": [
          13.663333,
          13.700945,
          13.44844,
          13.17827
        ]
      },
      {
        "date": "2026-08-07",
        "close": 14.028,
        "volume": 98535,
        "typical_volume": 106123.15,
        "trend": 12.936693,
        "fair_value": 11.378433,
        "relative_strength": 0.176308,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 70.611577,
        "energy": 55.087917,
        "activity_lines": [
          13.758933,
          13.767418,
          13.536625,
          13.251808
        ]
      }
    ],
    "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."
    }
  }
}