{ "ticker": { "uuid": "225fdd3c-97e0-488e-b7fa-9aaa5b42de7a", "symbol": "XBNG", "name": "LEGAL & GENERAL UCITS ETF PUBLI", "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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 78.867, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 22.332, "architecture_energy": 14.817, "architecture_maturity": 48.907, "architecture_confidence": 80.212, "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": 49.45, "rotation_up": 22.94, "upward_expansion": 52.59, "deceleration": 90.29, "rotation_down": 37.01, "downward_expansion": 23.26 }, "activity_lines": [ 8.052067, 8.068827, 8.060095, 8.050286 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 8.0475, "trend_reference": 8.0297, "distance_from_trend": 0.002217, "trend_direction": "Improving", "fair_value": 7.931753, "distance_from_fair_value": 0.014593, "fair_value_direction": "Improving", "relative_strength": -7.350767, "relative_strength_direction": "Weakening", "price_momentum": 0.014497, "excess_performance": -0.036738, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.002217, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.002088, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.014593, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.009516, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.073508, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.01646, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.014497, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 130.177778, "read": "Demand-led" } ], "volume": { "latest": 0, "relative_activity": 0.0, "balance": 130.177778, "dry_up": 0.033034, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.009979, "annualized_volatility": 0.046931, "from_high_reference": -0.015837, "from_low_reference": 0.033586 }, "levels": { "trend_reference": 8.0297, "fair_value_reference": 7.931753, "structural_low": 7.933, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 1, "median_return": -0.014717, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.037596, "regime_survival": 1.0, "best_return": -0.014717, "worst_return": -0.014717, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Extended", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, 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-6.123352, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 32.976448, "energy": 18.870826, "activity_lines": [ 8.0675, 8.079591, 8.060619, 8.047563 ] }, { "date": "2026-07-31", "close": 8.047, "volume": 75, "typical_volume": 590.3, "trend": 8.02765, "fair_value": 7.930521, "relative_strength": -7.354312, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 25.827228, "energy": 18.06177, "activity_lines": [ 8.0559, 8.0743, 8.060283, 8.049005 ] }, { "date": "2026-08-07", "close": 8.0475, "volume": 0, "typical_volume": 590.3, "trend": 8.0297, "fair_value": 7.931753, "relative_strength": -7.350767, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 22.332335, "energy": 14.816522, "activity_lines": [ 8.052067, 8.068827, 8.060095, 8.050286 ] } ], "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." } } }