{
  "ticker": {
    "uuid": "2988c904-a73d-4eae-90bc-7467559d592b",
    "symbol": "VHVE",
    "name": "Vanguard FTSE Developed World UCITS ETF USD Accumulation",
    "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": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 80.995,
    "architecture_energy": 54.678,
    "architecture_maturity": 68.677,
    "architecture_confidence": 68.651,
    "architecture_tenure": "Established",
    "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": 24.57,
        "rotation_up": 49.83,
        "upward_expansion": 79.0,
        "deceleration": 69.98,
        "rotation_down": 28.02,
        "downward_expansion": 8.0
      },
      "activity_lines": [
        150.52667,
        149.968365,
        148.602667,
        145.837892
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 154.360001,
    "trend_reference": 142.657666,
    "distance_from_trend": 0.082031,
    "trend_direction": "Improving",
    "fair_value": 114.842083,
    "distance_from_fair_value": 0.344107,
    "fair_value_direction": "Improving",
    "relative_strength": 3.631813,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.120825,
    "excess_performance": 0.06959,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.082031,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.040616,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.344107,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.002523,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.036318,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.029485,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.120825,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.839843,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 80607,
      "relative_activity": 0.742852,
      "balance": 1.839843,
      "dry_up": 1.047572,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.020723,
      "annualized_volatility": 0.138058,
      "from_high_reference": -0.00194,
      "from_low_reference": 0.247656
    },
    "levels": {
      "trend_reference": 142.657666,
      "fair_value_reference": 114.842083,
      "structural_low": 127.599998,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 44,
        "median_return": 0.010282,
        "positive_rate": 0.659091,
        "directional_follow_through": 0.659091,
        "median_excess_return": -0.00033,
        "regime_survival": 0.863636,
        "best_return": 0.055562,
        "worst_return": -0.052114,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 16,
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        "median_excess_return": -0.003781,
        "regime_survival": 0.75,
        "best_return": 0.118703,
        "worst_return": -0.101052,
        "sufficient": true
      },
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        "horizon": "Extended",
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        "worst_return": -0.170116,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
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        "worst_return": -0.13388,
        "sufficient": false
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        "regime": "deceleration",
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      {
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        "regime": "rotation_down",
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        "regime": "balance",
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        "typical_volume": 100665.9,
        "trend": 134.265333,
        "fair_value": 108.74109,
        "relative_strength": 1.736016,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
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      },
      {
        "date": "2026-05-01",
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        "trend": 134.693666,
        "fair_value": 109.138846,
        "relative_strength": 3.369375,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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      },
      {
        "date": "2026-05-08",
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        "fair_value": 109.557115,
        "relative_strength": 6.580332,
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        "modifier": "Re-accelerating",
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 109029.45,
        "trend": 135.888333,
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        "relative_strength": 6.610931,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 117889.15,
        "trend": 136.477666,
        "fair_value": 110.390994,
        "relative_strength": 5.021929,
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        "modifier": "Re-accelerating",
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        "direction": 77.488706,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "volume": 246337,
        "typical_volume": 126656.55,
        "trend": 137.089666,
        "fair_value": 110.820737,
        "relative_strength": 7.041946,
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        "direction": 80.598285,
        "energy": 87.172439,
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      },
      {
        "date": "2026-06-05",
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        "volume": 89100,
        "typical_volume": 127766.0,
        "trend": 137.724999,
        "fair_value": 111.23266,
        "relative_strength": 5.561745,
        "stage": 2,
        "regime": "upward_expansion",
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 123261.85,
        "trend": 138.293666,
        "fair_value": 111.630962,
        "relative_strength": 4.622642,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.097007,
        "energy": 74.303233,
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      },
      {
        "date": "2026-06-19",
        "close": 150.179993,
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        "relative_strength": 6.505429,
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      },
      {
        "date": "2026-06-26",
        "close": 147.899994,
        "volume": 22414,
        "typical_volume": 116538.05,
        "trend": 139.543666,
        "fair_value": 112.444135,
        "relative_strength": 3.390241,
        "stage": 2,
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        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.634177,
        "energy": 55.415118,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
        "close": 150.360001,
        "volume": 13246,
        "typical_volume": 113928.5,
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        "fair_value": 112.859263,
        "relative_strength": 3.381038,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
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        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
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        "volume": 266143,
        "typical_volume": 123056.0,
        "trend": 140.684999,
        "fair_value": 113.258622,
        "relative_strength": 5.156334,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.330794,
        "energy": 58.50061,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 148.460007,
        "volume": 223978,
        "typical_volume": 128762.8,
        "trend": 141.177666,
        "fair_value": 113.642147,
        "relative_strength": 2.660462,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.421547,
        "energy": 52.738376,
        "activity_lines": [
          149.424001,
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          146.733952,
          144.145483
        ]
      },
      {
        "date": "2026-07-24",
        "close": 148.279999,
        "volume": 70094,
        "typical_volume": 118374.15,
        "trend": 141.614999,
        "fair_value": 114.01984,
        "relative_strength": 1.206143,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 49.864684,
        "energy": 44.685838,
        "activity_lines": [
          149.024001,
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          147.226762,
          144.603698
        ]
      },
      {
        "date": "2026-07-31",
        "close": 148.460007,
        "volume": 80010,
        "typical_volume": 108806.9,
        "trend": 142.075,
        "fair_value": 114.408301,
        "relative_strength": 0.048267,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 45.466785,
        "energy": 37.158172,
        "activity_lines": [
          148.81067,
          149.037092,
          147.671667,
          145.045312
        ]
      },
      {
        "date": "2026-08-07",
        "close": 154.360001,
        "volume": 80607,
        "typical_volume": 108510.2,
        "trend": 142.657666,
        "fair_value": 114.842083,
        "relative_strength": 3.631813,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 80.994595,
        "energy": 54.678228,
        "activity_lines": [
          150.52667,
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          148.602667,
          145.837892
        ]
      }
    ],
    "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."
    }
  }
}