{
  "ticker": {
    "uuid": "34dd86c5-81fe-4db4-b09f-8849fab6c721",
    "symbol": "VNRG",
    "name": "Vanguard FTSE North America UCITS ETF USD Accumulation",
    "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": 78.491,
    "architecture_energy": 52.379,
    "architecture_maturity": 82.508,
    "architecture_confidence": 66.43,
    "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": 26.65,
        "rotation_up": 47.68,
        "upward_expansion": 78.84,
        "deceleration": 71.31,
        "rotation_down": 28.63,
        "downward_expansion": 7.84
      },
      "activity_lines": [
        141.634662,
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        137.084085
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 144.899994,
    "trend_reference": 133.748666,
    "distance_from_trend": 0.083375,
    "trend_direction": "Improving",
    "fair_value": 112.387436,
    "distance_from_fair_value": 0.28929,
    "fair_value_direction": "Improving",
    "relative_strength": 2.677231,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.142564,
    "excess_performance": 0.091329,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.083375,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.033409,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.28929,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.026233,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.026772,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.011789,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.142564,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.022351,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 88169,
      "relative_activity": 1.193849,
      "balance": 3.022351,
      "dry_up": 1.043953,
      "accumulation_observations": 6,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.02184,
      "annualized_volatility": 0.120806,
      "from_high_reference": -0.011461,
      "from_low_reference": 0.23677
    },
    "levels": {
      "trend_reference": 133.748666,
      "fair_value_reference": 112.387436,
      "structural_low": 120.440002,
      "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": 38,
        "median_return": 0.015046,
        "positive_rate": 0.657895,
        "directional_follow_through": 0.657895,
        "median_excess_return": 0.001291,
        "regime_survival": 0.815789,
        "best_return": 0.056119,
        "worst_return": -0.072442,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 13,
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        "regime_survival": 0.461538,
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        "worst_return": -0.154032,
        "sufficient": true
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        "horizon": "Extended",
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        "worst_return": -0.070116,
        "sufficient": true
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        "horizon": "Full cycle",
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        "worst_return": 0.005946,
        "sufficient": false
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        "trend": 127.411667,
        "fair_value": 106.935256,
        "relative_strength": 0.307407,
        "stage": 3,
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        "modifier": "Balance after decline",
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        "energy": 42.127073,
        "activity_lines": [
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      },
      {
        "date": "2026-05-01",
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        "fair_value": 107.285288,
        "relative_strength": 0.974301,
        "stage": 2,
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      },
      {
        "date": "2026-05-08",
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        "typical_volume": 101618.65,
        "trend": 128.070667,
        "fair_value": 107.64359,
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        "stage": 2,
        "regime": "upward_expansion",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
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        "stage": 2,
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        "energy": 90.618043,
        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 104971.55,
        "trend": 129.057,
        "fair_value": 108.38609,
        "relative_strength": 4.192564,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "energy": 91.230062,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 104527.0,
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        "fair_value": 108.758846,
        "relative_strength": 5.61952,
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        "regime": "upward_expansion",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
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        "volume": 16921,
        "typical_volume": 99347.95,
        "trend": 129.904667,
        "fair_value": 109.130417,
        "relative_strength": 5.512577,
        "stage": 2,
        "regime": "upward_expansion",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "trend": 130.266001,
        "fair_value": 109.488205,
        "relative_strength": 3.331389,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "energy": 82.624958,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
        "close": 140.399994,
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        "typical_volume": 83961.3,
        "trend": 131.192667,
        "fair_value": 110.227211,
        "relative_strength": 3.406861,
        "stage": 2,
        "regime": "upward_expansion",
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        "gate": "up",
        "direction": 64.911988,
        "energy": 63.172366,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
        "close": 141.419998,
        "volume": 16512,
        "typical_volume": 78563.35,
        "trend": 131.598667,
        "fair_value": 110.599263,
        "relative_strength": 2.444977,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.62123,
        "energy": 63.301295,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
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        "volume": 77712,
        "typical_volume": 78938.35,
        "trend": 132.055333,
        "fair_value": 110.972019,
        "relative_strength": 4.350924,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.063248,
        "energy": 63.65867,
        "activity_lines": [
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          137.527048,
          134.890624
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      },
      {
        "date": "2026-07-17",
        "close": 140.039993,
        "volume": 60163,
        "typical_volume": 76914.75,
        "trend": 132.452666,
        "fair_value": 111.31859,
        "relative_strength": 2.080078,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.549195,
        "energy": 57.341191,
        "activity_lines": [
          140.974663,
          140.891271,
          138.092,
          135.405763
        ]
      },
      {
        "date": "2026-07-24",
        "close": 140.5,
        "volume": 82632,
        "typical_volume": 75928.5,
        "trend": 132.859333,
        "fair_value": 111.66407,
        "relative_strength": 1.106234,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 51.234813,
        "energy": 49.404923,
        "activity_lines": [
          140.737331,
          140.848726,
          138.644095,
          135.924946
        ]
      },
      {
        "date": "2026-07-31",
        "close": 139.179993,
        "volume": 77431,
        "typical_volume": 74666.35,
        "trend": 133.254,
        "fair_value": 112.004519,
        "relative_strength": -1.036908,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 46.170849,
        "energy": 39.230123,
        "activity_lines": [
          140.191996,
          140.553088,
          139.013904,
          136.33273
        ]
      },
      {
        "date": "2026-08-07",
        "close": 144.899994,
        "volume": 88169,
        "typical_volume": 73852.7,
        "trend": 133.748666,
        "fair_value": 112.387436,
        "relative_strength": 2.677231,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 78.491482,
        "energy": 52.378627,
        "activity_lines": [
          141.634662,
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          137.084085
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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."
    }
  }
}