{
  "ticker": {
    "uuid": "3daefd1b-a178-4c58-a207-0c7ef04df3e1",
    "symbol": "DEEF",
    "name": "DBX ETF TRUST XTRACKERS FTSE DEV EX US MULTIFACTOR ETF",
    "exchange": "NYSEARCA",
    "country": "US",
    "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": "SPY",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 72.592,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 83.284,
    "architecture_energy": 72.825,
    "architecture_maturity": 36.28,
    "architecture_confidence": 71.99,
    "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": 19.1,
        "rotation_up": 74.13,
        "upward_expansion": 90.24,
        "deceleration": 42.48,
        "rotation_down": 12.33,
        "downward_expansion": 14.58
      },
      "activity_lines": [
        39.740947,
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        39.184061,
        38.931049
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 40.6699,
    "trend_reference": 38.604418,
    "distance_from_trend": 0.053504,
    "trend_direction": "Improving",
    "fair_value": 30.499197,
    "distance_from_fair_value": 0.333474,
    "fair_value_direction": "Weakening",
    "relative_strength": -1.212272,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.061613,
    "excess_performance": -0.064011,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.053504,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.039228,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.333474,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.018495,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.012123,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.019961,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.061613,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.352779,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 3046,
      "relative_activity": 0.817971,
      "balance": 1.352779,
      "dry_up": 0.674839,
      "accumulation_observations": 1,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.018963,
      "annualized_volatility": 0.168822,
      "from_high_reference": 0.0,
      "from_low_reference": 0.232863
    },
    "levels": {
      "trend_reference": 38.604418,
      "fair_value_reference": 30.499197,
      "structural_low": 36.192411,
      "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": 35,
        "median_return": 0.014081,
        "positive_rate": 0.657143,
        "directional_follow_through": 0.657143,
        "median_excess_return": -0.003747,
        "regime_survival": 0.771429,
        "best_return": 0.092825,
        "worst_return": -0.094248,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "median_excess_return": -0.036849,
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        "worst_return": -0.106923,
        "sufficient": true
      },
      {
        "horizon": "Extended",
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        "worst_return": -0.050378,
        "sufficient": true
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      {
        "horizon": "Full cycle",
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        "worst_return": -0.171263,
        "sufficient": false
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        "regime": "balance",
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        "date": "2026-04-24",
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        "date": "2026-05-08",
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        "date": "2026-05-22",
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      },
      {
        "date": "2026-07-03",
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        "typical_volume": 5191.35,
        "trend": 37.926699,
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        "relative_strength": -1.808468,
        "stage": 2,
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      },
      {
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      },
      {
        "date": "2026-07-17",
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        "volume": 2726,
        "typical_volume": 4989.9,
        "trend": 38.194697,
        "fair_value": 30.208055,
        "relative_strength": -1.468004,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "direction": 38.138502,
        "energy": 18.197164,
        "activity_lines": [
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          38.837656,
          38.647443
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      },
      {
        "date": "2026-07-24",
        "close": 39.0677,
        "volume": 1346,
        "typical_volume": 4212.8,
        "trend": 38.315109,
        "fair_value": 30.297463,
        "relative_strength": -0.673398,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 50.303478,
        "energy": 26.492044,
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          38.89355,
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      },
      {
        "date": "2026-07-31",
        "close": 39.6238,
        "volume": 2934,
        "typical_volume": 3791.75,
        "trend": 38.455705,
        "fair_value": 30.394759,
        "relative_strength": -0.373713,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.187255,
        "energy": 42.73642,
        "activity_lines": [
          39.23104,
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 40.6699,
        "volume": 3046,
        "typical_volume": 3723.85,
        "trend": 38.604418,
        "fair_value": 30.499197,
        "relative_strength": -1.212272,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 83.283643,
        "energy": 72.824944,
        "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."
    }
  }
}