{
  "ticker": {
    "uuid": "45d9471c-de07-4897-84fc-c332ffd90c64",
    "symbol": "DBEZ",
    "name": "DBX ETF TRUST XTRACKERS MSCI EURZON HEDG EQ 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": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 79.737,
    "architecture_energy": 60.032,
    "architecture_maturity": 52.827,
    "architecture_confidence": 74.315,
    "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": 14.15,
        "rotation_up": 55.15,
        "upward_expansion": 80.3,
        "deceleration": 65.7,
        "rotation_down": 25.29,
        "downward_expansion": 9.3
      },
      "activity_lines": [
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        61.30978,
        60.161029
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 64.1433,
    "trend_reference": 58.945267,
    "distance_from_trend": 0.088184,
    "trend_direction": "Improving",
    "fair_value": 47.963627,
    "distance_from_fair_value": 0.337332,
    "fair_value_direction": "Improving",
    "relative_strength": 1.240561,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.109545,
    "excess_performance": -0.01608,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.088184,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.044808,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.337332,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.056471,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.012406,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.038347,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.109545,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.029265,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 14153,
      "relative_activity": 0.621246,
      "balance": 2.029265,
      "dry_up": 0.915057,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.023981,
      "annualized_volatility": 0.173911,
      "from_high_reference": -0.00065,
      "from_low_reference": 0.29581
    },
    "levels": {
      "trend_reference": 58.945267,
      "fair_value_reference": 47.963627,
      "structural_low": 52.796176,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 40,
        "median_return": 0.008068,
        "positive_rate": 0.65,
        "directional_follow_through": 0.65,
        "median_excess_return": -0.00678,
        "regime_survival": 0.775,
        "best_return": 0.075971,
        "worst_return": -0.104691,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 13,
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        "positive_rate": 0.769231,
        "directional_follow_through": 0.769231,
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        "best_return": 0.099769,
        "worst_return": -0.04993,
        "sufficient": true
      },
      {
        "horizon": "Extended",
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        "median_return": 0.070049,
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        "directional_follow_through": 0.875,
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        "worst_return": -0.163866,
        "sufficient": true
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      {
        "horizon": "Full cycle",
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        "worst_return": -0.113645,
        "sufficient": false
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        "regime": "upward_expansion",
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        "regime": "deceleration",
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      },
      {
        "date": "2026-04-24",
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      {
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      {
        "date": "2026-06-05",
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      {
        "date": "2026-06-12",
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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        "relative_strength": 2.784283,
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      },
      {
        "date": "2026-07-10",
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        "fair_value": 47.343079,
        "relative_strength": 0.579459,
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        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 22475.2,
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        "fair_value": 47.490591,
        "relative_strength": 1.193073,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.561058,
        "energy": 54.665948,
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          60.234501,
          59.314439
        ]
      },
      {
        "date": "2026-07-24",
        "close": 61.829,
        "volume": 11669,
        "typical_volume": 21946.8,
        "trend": 58.487174,
        "fair_value": 47.636894,
        "relative_strength": 2.242855,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 58.982776,
        "energy": 50.022644,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 62.61,
        "volume": 52928,
        "typical_volume": 22554.25,
        "trend": 58.712267,
        "fair_value": 47.795755,
        "relative_strength": 2.332642,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.878371,
        "energy": 48.769477,
        "activity_lines": [
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          59.81064
        ]
      },
      {
        "date": "2026-08-07",
        "close": 64.1433,
        "volume": 14153,
        "typical_volume": 22781.65,
        "trend": 58.945267,
        "fair_value": 47.963627,
        "relative_strength": 1.240561,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 79.736958,
        "energy": 60.032166,
        "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."
    }
  }
}