{
  "ticker": {
    "uuid": "2300b340-ef80-49ea-ab14-0ac8606dc582",
    "symbol": "UE24",
    "name": "UBS MSCI Singapore UCITS ETF SGD dis",
    "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": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "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": 89.713,
    "architecture_energy": 94.087,
    "architecture_maturity": 35.468,
    "architecture_confidence": 73.422,
    "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": 0.69,
        "rotation_up": 88.96,
        "upward_expansion": 98.95,
        "deceleration": 39.57,
        "rotation_down": 8.4,
        "downward_expansion": 20.95
      },
      "activity_lines": [
        24.892,
        24.196,
        23.078072,
        22.446083
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 25.455,
    "trend_reference": 21.787197,
    "distance_from_trend": 0.168347,
    "trend_direction": "Improving",
    "fair_value": 17.100849,
    "distance_from_fair_value": 0.488523,
    "fair_value_direction": "Improving",
    "relative_strength": 7.413641,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.208874,
    "excess_performance": 0.092211,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.168347,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.052808,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.488523,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.206394,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.074136,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.106128,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.208874,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.134116,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 6591,
      "relative_activity": 0.773024,
      "balance": 2.134116,
      "dry_up": 1.126785,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.023208,
      "annualized_volatility": 0.152593,
      "from_high_reference": -0.000196,
      "from_low_reference": 0.320766
    },
    "levels": {
      "trend_reference": 21.787197,
      "fair_value_reference": 17.100849,
      "structural_low": 20.045,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 33,
        "median_return": 0.007983,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.006619,
        "regime_survival": 0.727273,
        "best_return": 0.091658,
        "worst_return": -0.080541,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "regime_survival": 0.666667,
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        "worst_return": -0.074586,
        "sufficient": true
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        "regime_survival": 0.666667,
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        "worst_return": -0.032105,
        "sufficient": true
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        "horizon": "Full cycle",
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        "relative_strength": -4.028484,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 35.80193,
        "energy": 26.473865,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-01",
        "close": 20.85,
        "volume": 13800,
        "typical_volume": 10672.3,
        "trend": 20.555049,
        "fair_value": 16.164161,
        "relative_strength": -2.567992,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
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        "energy": 26.301562,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-08",
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        "trend": 20.562483,
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        "relative_strength": -3.199205,
        "stage": 3,
        "regime": "balance",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
        "close": 21.295,
        "volume": 30015,
        "typical_volume": 10964.6,
        "trend": 20.60471,
        "fair_value": 16.271487,
        "relative_strength": -0.211737,
        "stage": 3,
        "regime": "balance",
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        "gate": "up",
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        "energy": 31.763663,
        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "volume": 6640,
        "typical_volume": 11214.1,
        "trend": 20.653549,
        "fair_value": 16.33051,
        "relative_strength": -1.908305,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
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        "energy": 59.23066,
        "activity_lines": [
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          20.813254
        ]
      },
      {
        "date": "2026-05-29",
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        "typical_volume": 10082.6,
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        "relative_strength": -1.182797,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "energy": 68.460452,
        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
        "close": 21.43,
        "volume": 7086,
        "typical_volume": 10230.85,
        "trend": 20.73521,
        "fair_value": 16.447313,
        "relative_strength": -2.620459,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 61.118965,
        "energy": 71.942825,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
        "close": 21.525,
        "volume": 150,
        "typical_volume": 9334.75,
        "trend": 20.77694,
        "fair_value": 16.504715,
        "relative_strength": -5.81253,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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        "trend": 20.865375,
        "fair_value": 16.571427,
        "relative_strength": -1.339302,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 90.424772,
        "energy": 87.04861,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-06-26",
        "close": 22.73,
        "volume": 5,
        "typical_volume": 8442.8,
        "trend": 20.942863,
        "fair_value": 16.639351,
        "relative_strength": 1.191783,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 90.636691,
        "energy": 94.313726,
        "activity_lines": [
          22.18,
          21.816091,
          21.38481,
          21.205162
        ]
      },
      {
        "date": "2026-07-03",
        "close": 23.155001,
        "volume": 1202,
        "typical_volume": 8044.15,
        "trend": 21.043825,
        "fair_value": 16.711804,
        "relative_strength": 0.846021,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 92.258362,
        "energy": 96.551272,
        "activity_lines": [
          22.578334,
          22.116091,
          21.577334,
          21.34788
        ]
      },
      {
        "date": "2026-07-10",
        "close": 24.57,
        "volume": 13001,
        "typical_volume": 8251.9,
        "trend": 21.20077,
        "fair_value": 16.790244,
        "relative_strength": 6.675682,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 97.483484,
        "energy": 98.932184,
        "activity_lines": [
          23.345667,
          22.628,
          21.893881,
          21.575376
        ]
      },
      {
        "date": "2026-07-17",
        "close": 24.32,
        "volume": 7587,
        "typical_volume": 7716.8,
        "trend": 21.345953,
        "fair_value": 16.866259,
        "relative_strength": 4.766931,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 89.23801,
        "energy": 96.082401,
        "activity_lines": [
          23.820334,
          23.026818,
          22.172453,
          21.776616
        ]
      },
      {
        "date": "2026-07-24",
        "close": 24.705,
        "volume": 10150,
        "typical_volume": 7757.15,
        "trend": 21.494499,
        "fair_value": 16.941086,
        "relative_strength": 6.505567,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 88.421315,
        "energy": 95.854874,
        "activity_lines": [
          24.237,
          23.431455,
          22.472095,
          21.993329
        ]
      },
      {
        "date": "2026-07-31",
        "close": 24.695,
        "volume": 14101,
        "typical_volume": 8385.65,
        "trend": 21.637814,
        "fair_value": 17.01778,
        "relative_strength": 5.48876,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 78.338488,
        "energy": 92.213455,
        "activity_lines": [
          24.503333,
          23.772273,
          22.749286,
          22.199813
        ]
      },
      {
        "date": "2026-08-07",
        "close": 25.455,
        "volume": 6591,
        "typical_volume": 8526.25,
        "trend": 21.787197,
        "fair_value": 17.100849,
        "relative_strength": 7.413641,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 89.713063,
        "energy": 94.087125,
        "activity_lines": [
          24.892,
          24.196,
          23.078072,
          22.446083
        ]
      }
    ],
    "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."
    }
  }
}