{
  "ticker": {
    "uuid": "267bf05a-8399-4ca9-9114-a93769ad3121",
    "symbol": "UC82",
    "name": "UBS BBG US Liquid Corp 1-5 UCITS ETF hGBP dis",
    "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": 4,
    "stage_name": "Declining",
    "phase": "4c",
    "phase_label": "Stage 4C \u00b7 Repair watch",
    "transition": "stage_4_to_1_watch",
    "transition_label": "Stage 4 \u2192 1 repair watch",
    "confidence": 53.32,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "down",
    "architecture_direction": -19.626,
    "architecture_energy": 12.849,
    "architecture_maturity": 28.228,
    "architecture_confidence": 60.591,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 51.89,
        "rotation_up": 18.27,
        "upward_expansion": 15.85,
        "deceleration": 59.19,
        "rotation_down": 40.98,
        "downward_expansion": 58.85
      },
      "activity_lines": [
        1245.75,
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        1245.860714,
        1245.869224
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.0
    },
    "latest_close": 1248.5,
    "trend_reference": 1248.470886,
    "distance_from_trend": 2.3e-05,
    "trend_direction": "Weakening",
    "fair_value": 1255.389995,
    "distance_from_fair_value": -0.005488,
    "fair_value_direction": "Improving",
    "relative_strength": -8.243766,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.019607,
    "excess_performance": -0.070842,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 2.3e-05,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.004583,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.005488,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.00259,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.082438,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.015697,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.019607,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.296063,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 35687,
      "relative_activity": 1.353452,
      "balance": 0.296063,
      "dry_up": 0.769037,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.004471,
      "annualized_volatility": 0.035624,
      "from_high_reference": -0.021075,
      "from_low_reference": 0.015041
    },
    "levels": {
      "trend_reference": 1248.470886,
      "fair_value_reference": 1255.389995,
      "structural_low": 1230.0,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 15,
        "median_return": 0.001004,
        "positive_rate": 0.533333,
        "directional_follow_through": 0.533333,
        "median_excess_return": -0.001088,
        "regime_survival": 0.533333,
        "best_return": 0.008583,
        "worst_return": -0.036684,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": -0.006677,
        "positive_rate": 0.285714,
        "directional_follow_through": 0.285714,
        "median_excess_return": -0.006229,
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        "best_return": 0.010181,
        "worst_return": -0.026467,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": -0.004007,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.046368,
        "regime_survival": 0.2,
        "best_return": 0.016201,
        "worst_return": -0.021999,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": -0.003617,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
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        "best_return": 0.012129,
        "worst_return": -0.081913,
        "sufficient": false
      }
    ],
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        "label": "Upward Expansion",
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        "start": "2024-09-13",
        "end": "2024-10-18",
        "tenure": "Developing",
        "return": -0.00449,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-01-10",
        "tenure": "Developing",
        "return": -0.002361,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-01-31",
        "tenure": "New",
        "return": 0.006481,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-02-07",
        "end": "2025-04-11",
        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-04-25",
        "tenure": "New",
        "return": 0.003229,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2025-05-16",
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        "return": 0.001408,
        "active": false
      },
      {
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        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "rotation_up",
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        "color": "teal",
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        "end": "2025-07-25",
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        "return": 0.002181,
        "active": false
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      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "active": false
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      {
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        "active": false
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        "regime": "rotation_down",
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        "date": "2026-03-27",
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        "date": "2026-05-22",
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      },
      {
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 29431.6,
        "trend": 1250.742863,
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      },
      {
        "date": "2026-07-24",
        "close": 1242.5,
        "volume": 19509,
        "typical_volume": 27519.8,
        "trend": 1249.952193,
        "fair_value": 1255.36373,
        "relative_strength": -7.91123,
        "stage": 4,
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        "modifier": "Balance after decline",
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        "energy": 15.607778,
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      },
      {
        "date": "2026-07-31",
        "close": 1243.75,
        "volume": 17026,
        "typical_volume": 26460.75,
        "trend": 1249.144869,
        "fair_value": 1255.354437,
        "relative_strength": -8.624858,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -36.33386,
        "energy": 21.525109,
        "activity_lines": [
          1244.933333,
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      },
      {
        "date": "2026-08-07",
        "close": 1248.5,
        "volume": 35687,
        "typical_volume": 26367.4,
        "trend": 1248.470886,
        "fair_value": 1255.389995,
        "relative_strength": -8.243766,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -19.625591,
        "energy": 12.849455,
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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."
    }
  }
}