{
  "ticker": {
    "uuid": "2acfbb0d-6089-4dbb-be34-9d973df6e465",
    "symbol": "URNP",
    "name": "Sprott Uranium Miners UCITS ETF 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": 4,
    "stage_name": "Declining",
    "phase": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 81.35,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -63.504,
    "architecture_energy": 54.653,
    "architecture_maturity": 18.267,
    "architecture_confidence": 90.737,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 11.66,
        "rotation_up": 18.84,
        "upward_expansion": 8.76,
        "deceleration": 47.55,
        "rotation_down": 63.74,
        "downward_expansion": 84.43
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Stable",
      "price_acceptance": -0.833333
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    "latest_close": 1012.4,
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    "distance_from_trend": -0.103333,
    "trend_direction": "Improving",
    "fair_value": 870.137181,
    "distance_from_fair_value": 0.163495,
    "fair_value_direction": "Weakening",
    "relative_strength": -11.285687,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.139847,
    "excess_performance": -0.191082,
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        "label": "Price vs Trend",
        "positive": false,
        "value": -0.103333,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.006721,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.163495,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.255274,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.112857,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.248478,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.139847,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.383344,
        "read": "Supply-led"
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    ],
    "volume": {
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      "balance": 0.383344,
      "dry_up": 0.896073,
      "accumulation_observations": 0,
      "distribution_observations": 4
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    "risk": {
      "range_context": 0.078159,
      "annualized_volatility": 0.369727,
      "from_high_reference": -0.31073,
      "from_low_reference": 0.384763
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      "fair_value_reference": 870.137181,
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      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
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      },
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        "date": "2026-05-08",
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      },
      {
        "date": "2026-05-15",
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      },
      {
        "date": "2026-05-22",
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      },
      {
        "date": "2026-05-29",
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      {
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        "stage": 3,
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      },
      {
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      },
      {
        "date": "2026-06-26",
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        "stage": 3,
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      },
      {
        "date": "2026-07-03",
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        "trend": 1137.901668,
        "fair_value": 857.54904,
        "relative_strength": -9.464041,
        "stage": 4,
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        "modifier": "Structural failure",
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      },
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        "fair_value": 860.383655,
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        "stage": 4,
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        "modifier": "Early contraction",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 211297.75,
        "trend": 1137.245,
        "fair_value": 862.661861,
        "relative_strength": -18.47301,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -84.261643,
        "energy": 83.91567,
        "activity_lines": [
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          1066.81857,
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      },
      {
        "date": "2026-07-24",
        "close": 951.4,
        "volume": 131556,
        "typical_volume": 202578.2,
        "trend": 1136.25,
        "fair_value": 865.242309,
        "relative_strength": -15.263865,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.204262,
        "energy": 76.721337,
        "activity_lines": [
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          1051.875237,
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      },
      {
        "date": "2026-07-31",
        "close": 913.4,
        "volume": 200924,
        "typical_volume": 197206.35,
        "trend": 1132.656667,
        "fair_value": 867.445514,
        "relative_strength": -19.651625,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -74.970971,
        "energy": 79.691235,
        "activity_lines": [
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          1034.586189,
          1078.962795
        ]
      },
      {
        "date": "2026-08-07",
        "close": 1012.4,
        "volume": 158373,
        "typical_volume": 190414.5,
        "trend": 1129.07,
        "fair_value": 870.137181,
        "relative_strength": -11.285687,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.503853,
        "energy": 54.653165,
        "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."
    }
  }
}