{
  "ticker": {
    "uuid": "2859aba0-a906-43c8-b4fc-6121c0085399",
    "symbol": "XDW0",
    "name": "Xtrackers MSCI World Energy UCITS ETF 1C",
    "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": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 53.144,
    "architecture_energy": 42.86,
    "architecture_maturity": 11.738,
    "architecture_confidence": 68.439,
    "architecture_tenure": "New",
    "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": 31.16,
        "rotation_up": 67.35,
        "upward_expansion": 74.33,
        "deceleration": 65.64,
        "rotation_down": 11.03,
        "downward_expansion": 5.67
      },
      "activity_lines": [
        71.426002,
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        69.744143,
        69.64572
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.333333
    },
    "latest_close": 70.870003,
    "trend_reference": 68.459166,
    "distance_from_trend": 0.035216,
    "trend_direction": "Improving",
    "fair_value": 53.685884,
    "distance_from_fair_value": 0.320086,
    "fair_value_direction": "Weakening",
    "relative_strength": 5.376692,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.115887,
    "excess_performance": 0.064652,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.035216,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.075379,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.320086,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.019815,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.053767,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.082989,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.115887,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 4.405331,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 71402,
      "relative_activity": 0.453456,
      "balance": 4.405331,
      "dry_up": 0.830999,
      "accumulation_observations": 2,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.041104,
      "annualized_volatility": 0.247389,
      "from_high_reference": -0.077334,
      "from_low_reference": 0.405593
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    "levels": {
      "trend_reference": 68.459166,
      "fair_value_reference": 53.685884,
      "structural_low": 63.369999,
      "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": 28,
        "median_return": 0.006463,
        "positive_rate": 0.535714,
        "directional_follow_through": 0.535714,
        "median_excess_return": -0.007856,
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        "best_return": 0.129813,
        "worst_return": -0.162504,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 13,
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        "worst_return": -0.133691,
        "sufficient": true
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        "horizon": "Extended",
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        "directional_follow_through": 0.5,
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        "worst_return": -0.097566,
        "sufficient": true
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        "horizon": "Full cycle",
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        "worst_return": -0.12493,
        "sufficient": false
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        "regime": "balance",
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        "regime": "upward_expansion",
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        "regime": "downward_expansion",
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        "regime": "rotation_up",
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        "regime": "deceleration",
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      },
      {
        "date": "2026-05-01",
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        "typical_volume": 251119.95,
        "trend": 61.261097,
        "fair_value": 51.395147,
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        "stage": 2,
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        "modifier": "Recompressing",
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      {
        "date": "2026-05-08",
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 258961.2,
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      {
        "date": "2026-05-22",
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      },
      {
        "date": "2026-05-29",
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      },
      {
        "date": "2026-06-05",
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      {
        "date": "2026-06-12",
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      },
      {
        "date": "2026-06-26",
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        "energy": 13.955165,
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      },
      {
        "date": "2026-07-03",
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        "typical_volume": 226823.6,
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        "fair_value": 52.89191,
        "relative_strength": 0.39757,
        "stage": 2,
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 263674.0,
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        "fair_value": 53.036813,
        "relative_strength": 4.602307,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
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        "direction": -0.706589,
        "energy": 32.157877,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 70.309998,
        "volume": 58463,
        "typical_volume": 256888.35,
        "trend": 66.769166,
        "fair_value": 53.196685,
        "relative_strength": 8.560858,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 13.034488,
        "energy": 22.716897,
        "activity_lines": [
          67.424665,
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      },
      {
        "date": "2026-07-24",
        "close": 73.110001,
        "volume": 311399,
        "typical_volume": 184312.1,
        "trend": 67.385166,
        "fair_value": 53.37191,
        "relative_strength": 11.051727,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 48.579212,
        "energy": 23.917673,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 72.550003,
        "volume": 82138,
        "typical_volume": 162889.0,
        "trend": 67.959166,
        "fair_value": 53.537038,
        "relative_strength": 8.501108,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 50.593118,
        "energy": 37.113465,
        "activity_lines": [
          71.007334,
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          69.688118,
          69.457924
        ]
      },
      {
        "date": "2026-08-07",
        "close": 70.870003,
        "volume": 71402,
        "typical_volume": 157461.65,
        "trend": 68.459166,
        "fair_value": 53.685884,
        "relative_strength": 5.376692,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 53.144168,
        "energy": 42.860446,
        "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."
    }
  }
}