{
  "ticker": {
    "uuid": "2b04f8a5-156a-4ffc-9b88-e746ecd931e0",
    "symbol": "UB06",
    "name": "UBS Core MSCI EMU UCITS ETF EUR 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": 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": 79.477,
    "architecture_energy": 53.172,
    "architecture_maturity": 57.856,
    "architecture_confidence": 68.397,
    "architecture_tenure": "Developing",
    "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": 22.49,
        "rotation_up": 49.36,
        "upward_expansion": 78.83,
        "deceleration": 69.82,
        "rotation_down": 27.55,
        "downward_expansion": 7.83
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      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 19122.0,
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    "distance_from_trend": 0.074739,
    "trend_direction": "Improving",
    "fair_value": 14931.141758,
    "distance_from_fair_value": 0.280679,
    "fair_value_direction": "Improving",
    "relative_strength": 2.264328,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.089637,
    "excess_performance": 0.038402,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.074739,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.034129,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.280679,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.065539,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.022643,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.022064,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.089637,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 6.588128,
        "read": "Demand-led"
      }
    ],
    "volume": {
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      "relative_activity": 0.760157,
      "balance": 6.588128,
      "dry_up": 1.705471,
      "accumulation_observations": 3,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.021804,
      "annualized_volatility": 0.175268,
      "from_high_reference": -0.003855,
      "from_low_reference": 0.234069
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    "levels": {
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      "fair_value_reference": 14931.141758,
      "structural_low": 15788.0,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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      },
      {
        "date": "2026-07-17",
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      },
      {
        "date": "2026-07-24",
        "close": 18445.0,
        "volume": 17307,
        "typical_volume": 5034.65,
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        "fair_value": 14851.447272,
        "relative_strength": 0.228814,
        "stage": 2,
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        "modifier": "Established expansion",
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        "direction": 48.763295,
        "energy": 40.690001,
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      },
      {
        "date": "2026-07-31",
        "close": 18591.0,
        "volume": 12223,
        "typical_volume": 5460.9,
        "trend": 17736.861719,
        "fair_value": 14888.426326,
        "relative_strength": -0.238393,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 49.344833,
        "energy": 34.483996,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 19122.0,
        "volume": 4166,
        "typical_volume": 5480.45,
        "trend": 17792.229427,
        "fair_value": 14931.141758,
        "relative_strength": 2.264328,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
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        "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."
    }
  }
}