{
  "ticker": {
    "uuid": "4228bd80-301d-4dbc-a253-1116cb9eb5f3",
    "symbol": "SUJA",
    "name": "iShares MSCI Japan SRI UCITS ETF",
    "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": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 90.081,
    "architecture_energy": 82.118,
    "architecture_maturity": 22.83,
    "architecture_confidence": 78.416,
    "architecture_tenure": "Developing",
    "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": 3.51,
        "rotation_up": 77.23,
        "upward_expansion": 92.66,
        "deceleration": 44.67,
        "rotation_down": 13.79,
        "downward_expansion": 17.0
      },
      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 703.5,
    "trend_reference": 633.566667,
    "distance_from_trend": 0.11038,
    "trend_direction": "Improving",
    "fair_value": 574.839103,
    "distance_from_fair_value": 0.223821,
    "fair_value_direction": "Improving",
    "relative_strength": 3.246598,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.115339,
    "excess_performance": 0.064104,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.11038,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.018944,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.223821,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.126982,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.032466,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.073836,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.115339,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.024826,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 337189,
      "relative_activity": 2.159759,
      "balance": 3.024826,
      "dry_up": 1.320951,
      "accumulation_observations": 4,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.026416,
      "annualized_volatility": 0.191587,
      "from_high_reference": -0.136545,
      "from_low_reference": 0.220295
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    "levels": {
      "trend_reference": 633.566667,
      "fair_value_reference": 574.839103,
      "structural_low": 576.5,
      "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": 21,
        "median_return": -0.00711,
        "positive_rate": 0.380952,
        "directional_follow_through": 0.380952,
        "median_excess_return": -0.010869,
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        "best_return": 0.044229,
        "worst_return": -0.099824,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 11,
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        "worst_return": -0.055582,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
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        "positive_rate": 0.833333,
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        "worst_return": -0.132089,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
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        "worst_return": -0.127877,
        "sufficient": false
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        "regime": "deceleration",
        "label": "Deceleration",
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        "regime": "rotation_down",
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        "regime": "downward_expansion",
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      },
      {
        "date": "2026-05-08",
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        "date": "2026-05-15",
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      },
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        "date": "2026-05-22",
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        "modifier": "Balance after decline",
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      {
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 192949.1,
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        "stage": 3,
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      },
      {
        "date": "2026-06-12",
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      },
      {
        "date": "2026-06-26",
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        "modifier": "Early expansion",
        "gate": "up",
        "direction": 61.564587,
        "energy": 64.738526,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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        "relative_strength": -0.566253,
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 159367.9,
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        "relative_strength": 1.559908,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "energy": 80.039014,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 656.75,
        "volume": 185280,
        "typical_volume": 165742.45,
        "trend": 628.5,
        "fair_value": 571.573077,
        "relative_strength": -1.040755,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.901819,
        "energy": 70.146525,
        "activity_lines": [
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          632.886559
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      },
      {
        "date": "2026-07-24",
        "close": 664.75,
        "volume": 90605,
        "typical_volume": 159456.15,
        "trend": 630.054167,
        "fair_value": 572.49375,
        "relative_strength": -1.035025,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.076028,
        "energy": 74.475815,
        "activity_lines": [
          661.783333,
          656.1,
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      },
      {
        "date": "2026-07-31",
        "close": 669.5,
        "volume": 211852,
        "typical_volume": 162416.1,
        "trend": 631.6625,
        "fair_value": 573.554647,
        "relative_strength": -1.470806,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.911371,
        "energy": 64.495542,
        "activity_lines": [
          665.083333,
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          637.770161
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      },
      {
        "date": "2026-08-07",
        "close": 703.5,
        "volume": 337189,
        "typical_volume": 156123.45,
        "trend": 633.566667,
        "fair_value": 574.839103,
        "relative_strength": 3.246598,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 90.080611,
        "energy": 82.117582,
        "activity_lines": [
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          642.404839
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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."
    }
  }
}