{
  "ticker": {
    "uuid": "31dcbd99-a1ab-4348-b383-51923d292a6e",
    "symbol": "XWFS",
    "name": "Xtrackers MSCI World Financials UCITS ETF 1C",
    "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": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "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": 83.618,
    "architecture_energy": 91.105,
    "architecture_maturity": 28.664,
    "architecture_confidence": 78.502,
    "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": 0.87,
        "rotation_up": 83.92,
        "upward_expansion": 98.82,
        "deceleration": 39.66,
        "rotation_down": 11.5,
        "downward_expansion": 20.82
      },
      "activity_lines": [
        36.002333,
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        34.381048,
        33.624973
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 36.4375,
    "trend_reference": 32.876917,
    "distance_from_trend": 0.1083,
    "trend_direction": "Improving",
    "fair_value": 27.078486,
    "distance_from_fair_value": 0.345625,
    "fair_value_direction": "Improving",
    "relative_strength": 3.755551,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.118572,
    "excess_performance": 0.067337,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.1083,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.031018,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.345625,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.107879,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.037556,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.069721,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.118572,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 12.91207,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 36944,
      "relative_activity": 1.344592,
      "balance": 12.91207,
      "dry_up": 1.129122,
      "accumulation_observations": 6,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.019598,
      "annualized_volatility": 0.130852,
      "from_high_reference": -0.113115,
      "from_low_reference": 0.232662
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    "levels": {
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      "fair_value_reference": 27.078486,
      "structural_low": 29.594999,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 37,
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        "positive_rate": 0.675676,
        "directional_follow_through": 0.675676,
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        "best_return": 0.084944,
        "worst_return": -0.110666,
        "sufficient": true
      },
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        "horizon": "Intermediate",
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          31.657083,
          31.797025
        ]
      },
      {
        "date": "2026-05-01",
        "close": 32.252499,
        "volume": 50969,
        "typical_volume": 36314.85,
        "trend": 31.994577,
        "fair_value": 25.688499,
        "relative_strength": -3.477876,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 6.459705,
        "energy": 21.224367,
        "activity_lines": [
          32.147333,
          31.613591,
          31.689976,
          31.81644
        ]
      },
      {
        "date": "2026-05-08",
        "close": 31.905001,
        "volume": 20111,
        "typical_volume": 36122.2,
        "trend": 32.037577,
        "fair_value": 25.776691,
        "relative_strength": -3.216552,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 14.077992,
        "energy": 21.086393,
        "activity_lines": [
          32.1185,
          31.7035,
          31.689524,
          31.810661
        ]
      },
      {
        "date": "2026-05-15",
        "close": 32.380001,
        "volume": 35037,
        "typical_volume": 37432.95,
        "trend": 32.113827,
        "fair_value": 25.865928,
        "relative_strength": -1.332196,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 19.505085,
        "energy": 21.846255,
        "activity_lines": [
          32.196167,
          31.884864,
          31.737762,
          31.832752
        ]
      },
      {
        "date": "2026-05-22",
        "close": 32.759998,
        "volume": 32218,
        "typical_volume": 38322.25,
        "trend": 31.836333,
        "fair_value": 25.958159,
        "relative_strength": -2.716248,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 36.134622,
        "energy": 32.926924,
        "activity_lines": [
          32.364333,
          32.117454,
          31.823512,
          31.874441
        ]
      },
      {
        "date": "2026-05-29",
        "close": 32.639999,
        "volume": 18890,
        "typical_volume": 37392.6,
        "trend": 31.887833,
        "fair_value": 26.048441,
        "relative_strength": -2.483845,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 49.948916,
        "energy": 38.393754,
        "activity_lines": [
          32.496166,
          32.286227,
          31.896595,
          31.92629
        ]
      },
      {
        "date": "2026-06-05",
        "close": 32.869999,
        "volume": 4109,
        "typical_volume": 36006.35,
        "trend": 31.950917,
        "fair_value": 26.140422,
        "relative_strength": -1.36683,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.117204,
        "energy": 54.905415,
        "activity_lines": [
          32.656999,
          32.451636,
          31.993726,
          31.989656
        ]
      },
      {
        "date": "2026-06-12",
        "close": 33.552502,
        "volume": 2156,
        "typical_volume": 35195.95,
        "trend": 32.018833,
        "fair_value": 26.236681,
        "relative_strength": -0.335521,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 76.050717,
        "energy": 69.958837,
        "activity_lines": [
          33.004167,
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          32.156226,
          32.092984
        ]
      },
      {
        "date": "2026-06-19",
        "close": 34.387501,
        "volume": 1104,
        "typical_volume": 34202.3,
        "trend": 32.140334,
        "fair_value": 26.340588,
        "relative_strength": 3.154748,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 86.240405,
        "energy": 82.359934,
        "activity_lines": [
          33.519834,
          33.032546,
          32.390536,
          32.245801
        ]
      },
      {
        "date": "2026-06-26",
        "close": 34.419998,
        "volume": 1676,
        "typical_volume": 32669.9,
        "trend": 32.231333,
        "fair_value": 26.441152,
        "relative_strength": 1.826824,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 82.17138,
        "energy": 87.615259,
        "activity_lines": [
          33.9125,
          33.336409,
          32.615916,
          32.392876
        ]
      },
      {
        "date": "2026-07-03",
        "close": 35.102501,
        "volume": 2065,
        "typical_volume": 32015.5,
        "trend": 32.347083,
        "fair_value": 26.548149,
        "relative_strength": 2.194733,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 88.266216,
        "energy": 94.73068,
        "activity_lines": [
          34.422,
          33.735182,
          32.897512,
          32.578113
        ]
      },
      {
        "date": "2026-07-10",
        "close": 35.139999,
        "volume": 41449,
        "typical_volume": 30427.0,
        "trend": 32.445083,
        "fair_value": 26.654181,
        "relative_strength": 4.035184,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 80.885632,
        "energy": 92.433526,
        "activity_lines": [
          34.779833,
          34.083,
          33.166131,
          32.758301
        ]
      },
      {
        "date": "2026-07-17",
        "close": 35.485001,
        "volume": 23982,
        "typical_volume": 30108.85,
        "trend": 32.54025,
        "fair_value": 26.75722,
        "relative_strength": 4.005342,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 82.456472,
        "energy": 93.138987,
        "activity_lines": [
          35.101333,
          34.441045,
          33.453928,
          32.954425
        ]
      },
      {
        "date": "2026-07-24",
        "close": 35.9025,
        "volume": 32659,
        "typical_volume": 29743.15,
        "trend": 32.648417,
        "fair_value": 26.862197,
        "relative_strength": 3.874941,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 85.464828,
        "energy": 94.360396,
        "activity_lines": [
          35.433167,
          34.809909,
          33.765774,
          33.171344
        ]
      },
      {
        "date": "2026-07-31",
        "close": 36.0075,
        "volume": 30510,
        "typical_volume": 27955.7,
        "trend": 32.765333,
        "fair_value": 26.968508,
        "relative_strength": 2.879783,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 80.226659,
        "energy": 91.57814,
        "activity_lines": [
          35.699,
          35.133818,
          34.066167,
          33.388059
        ]
      },
      {
        "date": "2026-08-07",
        "close": 36.4375,
        "volume": 36944,
        "typical_volume": 27476.0,
        "trend": 32.876917,
        "fair_value": 27.078486,
        "relative_strength": 3.755551,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 83.618358,
        "energy": 91.105473,
        "activity_lines": [
          36.002333,
          35.476864,
          34.381048,
          33.624973
        ]
      }
    ],
    "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."
    }
  }
}