{
  "ticker": {
    "uuid": "408f4fe7-dddd-483d-8150-5df9e3cbeaf5",
    "symbol": "GSIB",
    "name": "THEMES GLOBAL SYSTEMICALLY IMPORTANT BANKS ETF",
    "exchange": "NASDAQ",
    "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": "QQQ",
    "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,
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    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 76.409,
    "architecture_energy": 72.081,
    "architecture_maturity": 41.762,
    "architecture_confidence": 80.951,
    "architecture_tenure": "Established",
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        "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."
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      "scores": {
        "balance": 5.37,
        "rotation_up": 77.04,
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        "rotation_down": 14.77,
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      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
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    "relative_strength": 7.201098,
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        "label": "Price vs current Fair Value",
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        "label": "Fair Value direction",
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        "label": "Relative Strength vs benchmark",
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        "read": "Improving"
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        "label": "Price momentum",
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        "typical_volume": 60911.55,
        "trend": 50.513212,
        "fair_value": 37.088911,
        "relative_strength": 9.625511,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
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        "energy": 19.960912,
        "activity_lines": [
          51.400807,
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      },
      {
        "date": "2026-04-17",
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        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
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        "activity_lines": [
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      },
      {
        "date": "2026-04-24",
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      },
      {
        "date": "2026-05-01",
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        "fair_value": 37.534777,
        "relative_strength": 1.182985,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "energy": 54.047067,
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      },
      {
        "date": "2026-05-08",
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        "trend": 51.72075,
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        "relative_strength": -3.913857,
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 57422.1,
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        "relative_strength": -4.495553,
        "stage": 2,
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        "modifier": "Re-accelerating",
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      },
      {
        "date": "2026-05-22",
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        "modifier": "Re-accelerating",
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 54229.15,
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        "relative_strength": -5.065154,
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      },
      {
        "date": "2026-06-05",
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        "trend": 53.041616,
        "fair_value": 38.267065,
        "relative_strength": 0.378819,
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        "regime": "upward_expansion",
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        "energy": 65.249167,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
        "close": 59.9,
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        "typical_volume": 46682.45,
        "trend": 53.416132,
        "fair_value": 38.432202,
        "relative_strength": 1.498476,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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      },
      {
        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "fair_value": 38.76213,
        "relative_strength": 3.074848,
        "stage": 2,
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        "gate": "up",
        "direction": 68.760105,
        "energy": 80.690007,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
        "close": 60.5001,
        "volume": 19260,
        "typical_volume": 44264.65,
        "trend": 54.557296,
        "fair_value": 38.924354,
        "relative_strength": 3.230914,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
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        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 43707.1,
        "trend": 54.909483,
        "fair_value": 39.093985,
        "relative_strength": 3.44396,
        "stage": 2,
        "regime": "upward_expansion",
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        "gate": "up",
        "direction": 79.061968,
        "energy": 85.006488,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 61.9597,
        "volume": 36064,
        "typical_volume": 43309.55,
        "trend": 55.239743,
        "fair_value": 39.262115,
        "relative_strength": 7.880845,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 75.039042,
        "energy": 76.96494,
        "activity_lines": [
          61.276107,
          60.283878,
          58.106053,
          56.678825
        ]
      },
      {
        "date": "2026-07-24",
        "close": 63.212,
        "volume": 291167,
        "typical_volume": 55272.6,
        "trend": 55.57981,
        "fair_value": 39.436932,
        "relative_strength": 11.514647,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 81.08605,
        "energy": 84.160276,
        "activity_lines": [
          62.011493,
          61.012531,
          58.806478,
          57.193165
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      },
      {
        "date": "2026-07-31",
        "close": 64.4621,
        "volume": 85587,
        "typical_volume": 56172.0,
        "trend": 55.947343,
        "fair_value": 39.618273,
        "relative_strength": 12.697399,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 82.543899,
        "energy": 84.663177,
        "activity_lines": [
          63.012447,
          61.823811,
          59.564223,
          57.766215
        ]
      },
      {
        "date": "2026-08-07",
        "close": 64.5958,
        "volume": 176639,
        "typical_volume": 57973.0,
        "trend": 56.315923,
        "fair_value": 39.797968,
        "relative_strength": 7.201098,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 76.409198,
        "energy": 72.081168,
        "activity_lines": [
          63.747153,
          62.520645,
          60.25927,
          58.32418
        ]
      }
    ],
    "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."
    }
  }
}