{
  "ticker": {
    "uuid": "46b70e76-8334-4453-9220-1c9ef4a585d4",
    "symbol": "SWDA",
    "name": "iShares Core MSCI World UCITS ETF USD (Acc)",
    "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": 81.936,
    "architecture_energy": 57.245,
    "architecture_maturity": 72.315,
    "architecture_confidence": 66.23,
    "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": 23.36,
        "rotation_up": 50.18,
        "upward_expansion": 79.85,
        "deceleration": 71.17,
        "rotation_down": 28.54,
        "downward_expansion": 8.85
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      "activity_lines": [
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 11022.0,
    "trend_reference": 10215.833333,
    "distance_from_trend": 0.078913,
    "trend_direction": "Improving",
    "fair_value": 8580.950702,
    "distance_from_fair_value": 0.284473,
    "fair_value_direction": "Improving",
    "relative_strength": 1.967611,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.127109,
    "excess_performance": 0.075874,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.078913,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.03433,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.284473,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.031067,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.019676,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.009294,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.127109,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.759871,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 237052,
      "relative_activity": 0.824736,
      "balance": 1.759871,
      "dry_up": 0.811829,
      "accumulation_observations": 2,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.01871,
      "annualized_volatility": 0.116034,
      "from_high_reference": -0.141442,
      "from_low_reference": 0.229722
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    "levels": {
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      "fair_value_reference": 8580.950702,
      "structural_low": 9282.0,
      "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": 40,
        "median_return": 0.009408,
        "positive_rate": 0.675,
        "directional_follow_through": 0.675,
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        "regime_survival": 0.825,
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        "worst_return": -0.075332,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "worst_return": -0.12746,
        "sufficient": true
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        "horizon": "Full cycle",
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        "regime": "rotation_down",
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        "date": "2026-04-03",
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      {
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      },
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      },
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      },
      {
        "date": "2026-05-29",
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      },
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      },
      {
        "date": "2026-07-17",
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        "volume": 204392,
        "typical_volume": 332108.5,
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      },
      {
        "date": "2026-07-24",
        "close": 10693.0,
        "volume": 250442,
        "typical_volume": 308436.6,
        "trend": 10147.833333,
        "fair_value": 8527.835318,
        "relative_strength": 0.486385,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
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        "energy": 50.631942,
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      },
      {
        "date": "2026-07-31",
        "close": 10615.0,
        "volume": 241483,
        "typical_volume": 292067.45,
        "trend": 10178.733333,
        "fair_value": 8552.905831,
        "relative_strength": -1.45397,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 46.92821,
        "energy": 40.912945,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 11022.0,
        "volume": 237052,
        "typical_volume": 287427.75,
        "trend": 10215.833333,
        "fair_value": 8580.950702,
        "relative_strength": 1.967611,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 81.936373,
        "energy": 57.244575,
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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."
    }
  }
}