{
  "ticker": {
    "uuid": "3be5feef-b9a8-4e22-a549-6087452c3886",
    "symbol": "VHYA",
    "name": "Vanguard FTSE All-World High Dividend Yield 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": 88.825,
    "architecture_energy": 92.21,
    "architecture_maturity": 37.568,
    "architecture_confidence": 83.421,
    "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": 0.69,
        "rotation_up": 81.0,
        "upward_expansion": 99.08,
        "deceleration": 39.48,
        "rotation_down": 14.69,
        "downward_expansion": 21.08
      },
      "activity_lines": [
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        102.805796
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 108.199997,
    "trend_reference": 101.159167,
    "distance_from_trend": 0.069602,
    "trend_direction": "Improving",
    "fair_value": 80.101987,
    "distance_from_fair_value": 0.350778,
    "fair_value_direction": "Improving",
    "relative_strength": 4.110535,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.081567,
    "excess_performance": 0.030332,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.069602,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.048178,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.350778,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.02915,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.041105,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.014103,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.081567,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 11.047227,
        "read": "Demand-led"
      }
    ],
    "volume": {
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      "relative_activity": 0.970667,
      "balance": 11.047227,
      "dry_up": 1.03619,
      "accumulation_observations": 3,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.014347,
      "annualized_volatility": 0.119064,
      "from_high_reference": -0.003133,
      "from_low_reference": 0.280776
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    "levels": {
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      "fair_value_reference": 80.101987,
      "structural_low": 92.82,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 38,
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        "positive_rate": 0.631579,
        "directional_follow_through": 0.631579,
        "median_excess_return": 0.001872,
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        "worst_return": -0.074377,
        "sufficient": true
      },
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        "horizon": "Intermediate",
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        "date": "2026-05-01",
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        "date": "2026-05-08",
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        "date": "2026-05-15",
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      },
      {
        "date": "2026-05-22",
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      },
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        "date": "2026-06-05",
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        "relative_strength": 4.989975,
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      },
      {
        "date": "2026-07-03",
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        "typical_volume": 189366.2,
        "trend": 98.923,
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      },
      {
        "date": "2026-07-10",
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        "trend": 99.380667,
        "fair_value": 79.021186,
        "relative_strength": 5.482794,
        "stage": 2,
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        "modifier": "Re-accelerating",
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        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 105.099998,
        "volume": 114413,
        "typical_volume": 167388.2,
        "trend": 99.821667,
        "fair_value": 79.281538,
        "relative_strength": 4.397333,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 71.317605,
        "energy": 77.458777,
        "activity_lines": [
          104.715999,
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          101.518527
        ]
      },
      {
        "date": "2026-07-24",
        "close": 106.080002,
        "volume": 100520,
        "typical_volume": 164152.95,
        "trend": 100.270167,
        "fair_value": 79.543686,
        "relative_strength": 3.91422,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 77.866261,
        "energy": 83.506219,
        "activity_lines": [
          105.284,
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          103.11731,
          101.92229
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      },
      {
        "date": "2026-07-31",
        "close": 106.480003,
        "volume": 320911,
        "typical_volume": 170825.15,
        "trend": 100.7155,
        "fair_value": 79.815417,
        "relative_strength": 2.889868,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 78.27466,
        "energy": 85.505587,
        "activity_lines": [
          105.801334,
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          103.601334,
          102.322925
        ]
      },
      {
        "date": "2026-08-07",
        "close": 108.199997,
        "volume": 163866,
        "typical_volume": 168818.0,
        "trend": 101.159167,
        "fair_value": 80.101987,
        "relative_strength": 4.110535,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 88.82473,
        "energy": 92.210259,
        "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."
    }
  }
}