{
  "ticker": {
    "uuid": "321c6994-feb4-4a59-985c-da663df31d4f",
    "symbol": "TSWE",
    "name": "VanEck World Equal Weight Screened UCITS ETF",
    "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": "2026-08-07",
    "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": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 87.841,
    "architecture_energy": 70.709,
    "architecture_maturity": 91.432,
    "architecture_confidence": 80.841,
    "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": 8.57,
        "rotation_up": 58.21,
        "upward_expansion": 85.33,
        "deceleration": 68.66,
        "rotation_down": 29.51,
        "downward_expansion": 12.0
      },
      "activity_lines": [
        39.407333,
        39.255,
        38.377208,
        37.445757
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 40.259998,
    "trend_reference": 36.421314,
    "distance_from_trend": 0.105397,
    "trend_direction": "Improving",
    "fair_value": 30.856822,
    "distance_from_fair_value": 0.304736,
    "fair_value_direction": "Improving",
    "relative_strength": 3.958386,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.162645,
    "excess_performance": 0.079762,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.105397,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.052066,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.304736,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.081251,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.039584,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.021959,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.162645,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.821966,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 9972,
      "relative_activity": 1.492569,
      "balance": 2.821966,
      "dry_up": 0.695694,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.017369,
      "annualized_volatility": 0.132963,
      "from_high_reference": -0.00482,
      "from_low_reference": 0.281508
    },
    "levels": {
      "trend_reference": 36.421314,
      "fair_value_reference": 30.856822,
      "structural_low": 32.183457,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 32,
        "median_return": 0.010767,
        "positive_rate": 0.65625,
        "directional_follow_through": 0.65625,
        "median_excess_return": 0.004902,
        "regime_survival": 0.8125,
        "best_return": 0.05404,
        "worst_return": -0.080326,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 12,
        "median_return": 0.02085,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.002152,
        "regime_survival": 0.583333,
        "best_return": 0.130106,
        "worst_return": -0.112643,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": 0.047078,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.007127,
        "regime_survival": 0.333333,
        "best_return": 0.158145,
        "worst_return": -0.009594,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": 0.064724,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.033186,
        "regime_survival": 0.75,
        "best_return": 0.20308,
        "worst_return": -0.091631,
        "sufficient": false
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    ],
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        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-06-28",
        "end": "2024-07-12",
        "tenure": "New",
        "return": 0.031552,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2024-08-02",
        "tenure": "New",
        "return": -0.0438,
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      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "tenure": "New",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-09-13",
        "tenure": "New",
        "return": -0.007439,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2025-03-14",
        "tenure": "Established",
        "return": 0.039295,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-03-28",
        "tenure": "New",
        "return": -0.013684,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "end": "2025-05-02",
        "tenure": "Developing",
        "return": 0.027221,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2025-05-23",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "active": false
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      {
        "regime": "rotation_up",
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        "active": false
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        "date": "2026-05-01",
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        "volume": 119,
        "typical_volume": 8926.05,
        "trend": 34.099581,
        "fair_value": 29.66219,
        "relative_strength": 2.55377,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 56.985569,
        "energy": 55.439708,
        "activity_lines": [
          35.280985,
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          34.62463,
          34.443478
        ]
      },
      {
        "date": "2026-05-08",
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        "volume": 3635,
        "typical_volume": 9048.0,
        "trend": 34.209335,
        "fair_value": 29.737214,
        "relative_strength": 6.154332,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 78.664661,
        "energy": 79.254844,
        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
        "close": 36.4921,
        "volume": 120,
        "typical_volume": 8602.7,
        "trend": 34.34555,
        "fair_value": 29.81255,
        "relative_strength": 5.319021,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 77.372258,
        "energy": 81.506763,
        "activity_lines": [
          36.03099,
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          34.968567,
          34.738072
        ]
      },
      {
        "date": "2026-05-22",
        "close": 37.082123,
        "volume": 3898,
        "typical_volume": 8688.15,
        "trend": 34.480413,
        "fair_value": 29.89161,
        "relative_strength": 4.610533,
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        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 82.946183,
        "energy": 86.460039,
        "activity_lines": [
          36.434585,
          35.807783,
          35.183333,
          34.914625
        ]
      },
      {
        "date": "2026-05-29",
        "close": 37.68206,
        "volume": 682,
        "typical_volume": 8668.8,
        "trend": 34.618853,
        "fair_value": 29.972999,
        "relative_strength": 5.788807,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 86.069144,
        "energy": 92.853358,
        "activity_lines": [
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          35.121183
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      },
      {
        "date": "2026-06-05",
        "close": 38.060001,
        "volume": 329,
        "typical_volume": 8633.6,
        "trend": 34.789268,
        "fair_value": 30.054385,
        "relative_strength": 7.832418,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 84.936562,
        "energy": 93.67447,
        "activity_lines": [
          37.442789,
          36.715511,
          35.72213,
          35.343192
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      },
      {
        "date": "2026-06-12",
        "close": 38.275002,
        "volume": 5187,
        "typical_volume": 8866.75,
        "trend": 34.961923,
        "fair_value": 30.136099,
        "relative_strength": 5.715547,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 83.829192,
        "energy": 93.783357,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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        "typical_volume": 8728.15,
        "trend": 35.192097,
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        "relative_strength": 7.997071,
        "stage": 2,
        "regime": "upward_expansion",
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        "direction": 92.726684,
        "energy": 97.02876,
        "activity_lines": [
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          36.390445,
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      },
      {
        "date": "2026-06-26",
        "close": 38.955002,
        "volume": 306,
        "typical_volume": 8545.4,
        "trend": 35.374282,
        "fair_value": 30.313006,
        "relative_strength": 3.737102,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 77.947431,
        "energy": 91.979333,
        "activity_lines": [
          38.725472,
          37.98384,
          36.706899,
          36.095238
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      },
      {
        "date": "2026-07-03",
        "close": 39.445,
        "volume": 0,
        "typical_volume": 8524.7,
        "trend": 35.560732,
        "fair_value": 30.404351,
        "relative_strength": 3.101136,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 83.787731,
        "energy": 94.043145,
        "activity_lines": [
          39.051001,
          38.371626,
          37.049414,
          36.357865
        ]
      },
      {
        "date": "2026-07-10",
        "close": 39.605,
        "volume": 1848,
        "typical_volume": 7450.35,
        "trend": 35.757296,
        "fair_value": 30.497773,
        "relative_strength": 4.750957,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 81.145981,
        "energy": 93.089162,
        "activity_lines": [
          39.312334,
          38.719579,
          37.384959,
          36.618786
        ]
      },
      {
        "date": "2026-07-17",
        "close": 38.400002,
        "volume": 551,
        "typical_volume": 6541.4,
        "trend": 35.909078,
        "fair_value": 30.58341,
        "relative_strength": 0.731753,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 68.114584,
        "energy": 75.384527,
        "activity_lines": [
          39.069001,
          38.767774,
          37.585174,
          36.789283
        ]
      },
      {
        "date": "2026-07-24",
        "close": 39.255001,
        "volume": 422,
        "typical_volume": 6366.5,
        "trend": 36.08903,
        "fair_value": 30.672247,
        "relative_strength": 3.003773,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 73.100287,
        "energy": 68.424333,
        "activity_lines": [
          39.102334,
          38.934751,
          37.852411,
          37.005149
        ]
      },
      {
        "date": "2026-07-31",
        "close": 38.91,
        "volume": 7647,
        "typical_volume": 6182.5,
        "trend": 36.251547,
        "fair_value": 30.759952,
        "relative_strength": 1.942376,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.873298,
        "energy": 62.844447,
        "activity_lines": [
          39.028334,
          38.988765,
          38.063718,
          37.187147
        ]
      },
      {
        "date": "2026-08-07",
        "close": 40.259998,
        "volume": 9972,
        "typical_volume": 6681.1,
        "trend": 36.421314,
        "fair_value": 30.856822,
        "relative_strength": 3.958386,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 87.840911,
        "energy": 70.709227,
        "activity_lines": [
          39.407333,
          39.255,
          38.377208,
          37.445757
        ]
      }
    ],
    "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."
    }
  }
}