{
  "ticker": {
    "uuid": "2fd7dd7b-167e-4333-ac48-0807eb678f20",
    "symbol": "IUIT",
    "name": "iShares S&P 500 Information Technology Sector UCITS ETF USD (Acc)",
    "exchange": "EBS",
    "country": "CH",
    "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": "2026-08-21",
    "benchmark": "^SSMI",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 92.881,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 57.915,
    "architecture_energy": 50.065,
    "architecture_maturity": 18.506,
    "architecture_confidence": 65.463,
    "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": 23.56,
        "rotation_up": 51.91,
        "upward_expansion": 76.24,
        "deceleration": 67.52,
        "rotation_down": 21.06,
        "downward_expansion": 7.57
      },
      "activity_lines": [
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        47.767763
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
    },
    "latest_close": 50.139999,
    "trend_reference": 45.436333,
    "distance_from_trend": 0.103522,
    "trend_direction": "Improving",
    "fair_value": 34.476602,
    "distance_from_fair_value": 0.45432,
    "fair_value_direction": "Weakening",
    "relative_strength": 5.138122,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.244323,
    "excess_performance": 0.201233,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.103522,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.062027,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.45432,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.084721,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.051381,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.101648,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.244323,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.813087,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 183043,
      "relative_activity": 1.25184,
      "balance": 0.813087,
      "dry_up": 1.150709,
      "accumulation_observations": 0,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.039213,
      "annualized_volatility": 0.260366,
      "from_high_reference": -0.04313,
      "from_low_reference": 0.371257
    },
    "levels": {
      "trend_reference": 45.436333,
      "fair_value_reference": 34.476602,
      "structural_low": 36.564999,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 37,
        "median_return": 0.022931,
        "positive_rate": 0.675676,
        "directional_follow_through": 0.675676,
        "median_excess_return": 0.013567,
        "regime_survival": 0.756757,
        "best_return": 0.116095,
        "worst_return": -0.12421,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "worst_return": -0.180498,
        "sufficient": true
      },
      {
        "horizon": "Extended",
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        "regime_survival": 0.625,
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        "worst_return": -0.206072,
        "sufficient": true
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      {
        "horizon": "Full cycle",
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        "worst_return": -0.127251,
        "sufficient": false
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        "regime": "downward_expansion",
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      {
        "regime": "balance",
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        "regime": "deceleration",
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        "modifier": "Value reclamation",
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 257589.9,
        "trend": 41.729333,
        "fair_value": 31.976186,
        "relative_strength": 18.08515,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "energy": 96.135376,
        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 265382.55,
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        "fair_value": 32.159647,
        "relative_strength": 15.302919,
        "stage": 2,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 263539.75,
        "trend": 42.246833,
        "fair_value": 32.354487,
        "relative_strength": 19.229813,
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        "energy": 95.739625,
        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 256844.75,
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        "relative_strength": 16.508924,
        "stage": 2,
        "regime": "upward_expansion",
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 241717.3,
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        "relative_strength": 11.388278,
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        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
        "close": 50.73,
        "volume": 5763,
        "typical_volume": 229899.95,
        "trend": 43.153166,
        "fair_value": 32.9,
        "relative_strength": 13.363053,
        "stage": 2,
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        "modifier": "Early expansion",
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        "direction": 72.57604,
        "energy": 69.215916,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
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        "typical_volume": 218017.9,
        "trend": 43.366833,
        "fair_value": 33.065577,
        "relative_strength": 4.276382,
        "stage": 2,
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      },
      {
        "date": "2026-07-03",
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        "relative_strength": 4.296649,
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        "energy": 49.668885,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 187558.55,
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        "fair_value": 33.411699,
        "relative_strength": 7.058367,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 53.580446,
        "energy": 50.239554,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
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        "volume": 26431,
        "typical_volume": 180127.35,
        "trend": 44.0845,
        "fair_value": 33.574776,
        "relative_strength": 2.54637,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 45.689624,
        "energy": 38.803075,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
        "close": 48.445,
        "volume": 110748,
        "typical_volume": 171123.0,
        "trend": 44.294666,
        "fair_value": 33.738109,
        "relative_strength": 3.14856,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 44.9345,
        "energy": 36.862648,
        "activity_lines": [
          48.71,
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          48.103476,
          46.296075
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      },
      {
        "date": "2026-07-31",
        "close": 47.75,
        "volume": 256171,
        "typical_volume": 165725.0,
        "trend": 44.473166,
        "fair_value": 33.90157,
        "relative_strength": 1.490276,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 39.469002,
        "energy": 27.953986,
        "activity_lines": [
          48.384,
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          48.268405,
          46.519
        ]
      },
      {
        "date": "2026-08-07",
        "close": 51.75,
        "volume": 140614,
        "typical_volume": 160864.85,
        "trend": 44.8055,
        "fair_value": 34.095545,
        "relative_strength": 8.307148,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 75.58259,
        "energy": 45.620362,
        "activity_lines": [
          49.416,
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          48.773071,
          46.988473
        ]
      },
      {
        "date": "2026-08-14",
        "close": 51.889999,
        "volume": 93195,
        "typical_volume": 151530.55,
        "trend": 45.1455,
        "fair_value": 34.293013,
        "relative_strength": 9.520001,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 76.465584,
        "energy": 55.649863,
        "activity_lines": [
          50.316666,
          49.734818,
          49.229,
          47.445537
        ]
      },
      {
        "date": "2026-08-21",
        "close": 50.139999,
        "volume": 183043,
        "typical_volume": 146219.2,
        "trend": 45.436333,
        "fair_value": 34.476602,
        "relative_strength": 5.138122,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 57.914612,
        "energy": 50.064548,
        "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."
    }
  }
}