{
  "ticker": {
    "uuid": "28fce823-8fd3-4567-9a21-68a3b5ab0ee1",
    "symbol": "V3AB",
    "name": "Vanguard ESG Global All Cap UCITS ETF (USD) Accumulating",
    "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": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 60.948,
    "architecture_energy": 37.161,
    "architecture_maturity": 64.662,
    "architecture_confidence": 90.278,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 28.35,
        "rotation_up": 36.78,
        "upward_expansion": 60.0,
        "deceleration": 88.29,
        "rotation_down": 27.4,
        "downward_expansion": 21.33
      },
      "activity_lines": [
        6.473067,
        6.483155,
        6.419212,
        6.285008
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
    },
    "latest_close": 6.627,
    "trend_reference": 6.128217,
    "distance_from_trend": 0.081391,
    "trend_direction": "Improving",
    "fair_value": 5.122825,
    "distance_from_fair_value": 0.293622,
    "fair_value_direction": "Improving",
    "relative_strength": 3.110192,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.137097,
    "excess_performance": 0.085861,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.081391,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.039712,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.293622,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.020447,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.031102,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.022628,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.137097,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.352891,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1155363,
      "relative_activity": 1.072895,
      "balance": 2.352891,
      "dry_up": 0.923777,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.025745,
      "annualized_volatility": 0.143918,
      "from_high_reference": -0.016036,
      "from_low_reference": 0.241476
    },
    "levels": {
      "trend_reference": 6.128217,
      "fair_value_reference": 5.122825,
      "structural_low": 5.351,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 4,
        "median_return": -0.0364,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.013378,
        "regime_survival": 0.0,
        "best_return": 0.001465,
        "worst_return": -0.092679,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": 0.012466,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.004426,
        "regime_survival": 0.0,
        "best_return": 0.07861,
        "worst_return": 0.003582,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.094395,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.075251,
        "regime_survival": 0.0,
        "best_return": 0.123501,
        "worst_return": 0.070832,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.173804,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.020259,
        "regime_survival": 0.0,
        "best_return": 0.176126,
        "worst_return": 0.171481,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-10-18",
        "end": "2025-02-28",
        "tenure": "Established",
        "return": 0.034642,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-03-07",
        "end": "2025-03-21",
        "tenure": "New",
        "return": -0.007063,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-03-28",
        "end": "2025-04-11",
        "tenure": "New",
        "return": -0.066102,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-18",
        "end": "2025-05-30",
        "tenure": "Developing",
        "return": 0.096874,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-06",
        "end": "2025-06-27",
        "tenure": "New",
        "return": 0.01371,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-07-04",
        "end": "2025-08-15",
        "tenure": "Developing",
        "return": 0.040507,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-08-22",
        "end": "2026-02-13",
        "tenure": "Established",
        "return": 0.072133,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-02-20",
        "end": "2026-02-27",
        "tenure": "New",
        "return": 0.003036,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-03-06",
        "end": "2026-03-13",
        "tenure": "New",
        "return": -0.02059,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-03-20",
        "end": "2026-03-27",
        "tenure": "New",
        "return": -0.016879,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-04-03",
        "end": "2026-04-10",
        "tenure": "New",
        "return": 0.03018,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-04-17",
        "end": "2026-05-01",
        "tenure": "New",
        "return": -0.000492,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-05-08",
        "end": "2026-07-24",
        "tenure": "Developing",
        "return": 0.023965,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-07-31",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.042145,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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        "typical_volume": 94812.95,
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        "date": "2023-08-25",
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        "date": "2026-04-24",
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        "date": "2026-06-05",
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "relative_strength": 5.519321,
        "stage": 2,
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        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 1069350.85,
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        "fair_value": 5.076599,
        "relative_strength": 2.339022,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.495057,
        "energy": 53.518452,
        "activity_lines": [
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          6.488,
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          6.211501
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      },
      {
        "date": "2026-07-24",
        "close": 6.409,
        "volume": 920235,
        "typical_volume": 1064885.5,
        "trend": 6.085733,
        "fair_value": 5.091345,
        "relative_strength": 1.326626,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 47.431383,
        "energy": 42.146855,
        "activity_lines": [
          6.452467,
          6.476536,
          6.365583,
          6.233688
        ]
      },
      {
        "date": "2026-07-31",
        "close": 6.359,
        "volume": 926999,
        "typical_volume": 1066550.8,
        "trend": 6.104817,
        "fair_value": 5.106058,
        "relative_strength": -0.695317,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 40.253247,
        "energy": 28.474923,
        "activity_lines": [
          6.413533,
          6.455164,
          6.381186,
          6.251318
        ]
      },
      {
        "date": "2026-08-07",
        "close": 6.627,
        "volume": 1155363,
        "typical_volume": 1076865.35,
        "trend": 6.128217,
        "fair_value": 5.122825,
        "relative_strength": 3.110192,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 60.948037,
        "energy": 37.160699,
        "activity_lines": [
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          6.483155,
          6.419212,
          6.285008
        ]
      }
    ],
    "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."
    }
  }
}