{
  "ticker": {
    "uuid": "1d7ff33a-95e4-4378-ad4f-1aeb2340cf0c",
    "symbol": "WQDV",
    "name": "iShares MSCI World Quality Dividend Advanced UCITS ETF USD (Dist)",
    "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": 92.038,
    "architecture_energy": 81.575,
    "architecture_maturity": 46.957,
    "architecture_confidence": 92.906,
    "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": 0.17,
        "rotation_up": 70.75,
        "upward_expansion": 93.59,
        "deceleration": 45.61,
        "rotation_down": 25.08,
        "downward_expansion": 15.59
      },
      "activity_lines": [
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      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": 1.0
    },
    "latest_close": 9.91,
    "trend_reference": 8.953024,
    "distance_from_trend": 0.106889,
    "trend_direction": "Improving",
    "fair_value": 7.172564,
    "distance_from_fair_value": 0.381654,
    "fair_value_direction": "Improving",
    "relative_strength": 7.680255,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.145028,
    "excess_performance": 0.093793,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.106889,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.05612,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.381654,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.060007,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.076803,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.004092,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.145028,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 6.19882,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 454222,
      "relative_activity": 0.396554,
      "balance": 6.19882,
      "dry_up": 0.440528,
      "accumulation_observations": 0,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.018047,
      "annualized_volatility": 0.120608,
      "from_high_reference": -0.003269,
      "from_low_reference": 0.336266
    },
    "levels": {
      "trend_reference": 8.953024,
      "fair_value_reference": 7.172564,
      "structural_low": 7.982487,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 39,
        "median_return": 0.011655,
        "positive_rate": 0.589744,
        "directional_follow_through": 0.589744,
        "median_excess_return": 0.001973,
        "regime_survival": 0.769231,
        "best_return": 0.0706,
        "worst_return": -0.054432,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 14,
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        "directional_follow_through": 0.714286,
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        "worst_return": -0.111326,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 8,
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        "directional_follow_through": 0.875,
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        "worst_return": -0.052342,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
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        "worst_return": -0.035247,
        "sufficient": false
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      },
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 1128689.0,
        "trend": 8.856929,
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        "relative_strength": 5.907681,
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        "direction": 70.37572,
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      },
      {
        "date": "2026-07-31",
        "close": 9.5975,
        "volume": 652771,
        "typical_volume": 1134242.2,
        "trend": 8.901581,
        "fair_value": 7.145319,
        "relative_strength": 4.806534,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 71.305356,
        "energy": 65.913686,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 9.91,
        "volume": 454222,
        "typical_volume": 1145423.55,
        "trend": 8.953024,
        "fair_value": 7.172564,
        "relative_strength": 7.680255,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 92.038442,
        "energy": 81.574524,
        "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."
    }
  }
}