{
  "ticker": {
    "uuid": "5142979d-809b-4eff-a9b8-a0b5807f8d75",
    "symbol": "XSCD",
    "name": "Xtrackers MSCI USA Consumer Discretionary UCITS ETF 1D",
    "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": 3,
    "stage_name": "Distribution",
    "phase": "3b",
    "phase_label": "Stage 3B \u00b7 Distribution",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 85.116,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 40.35,
    "architecture_energy": 20.226,
    "architecture_maturity": 36.962,
    "architecture_confidence": 77.618,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 46.05,
        "rotation_up": 35.81,
        "upward_expansion": 51.46,
        "deceleration": 76.25,
        "rotation_down": 27.47,
        "downward_expansion": 24.8
      },
      "activity_lines": [
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
    },
    "latest_close": 7438.5,
    "trend_reference": 7108.971257,
    "distance_from_trend": 0.046354,
    "trend_direction": "Weakening",
    "fair_value": 6370.955835,
    "distance_from_fair_value": 0.167564,
    "fair_value_direction": "Weakening",
    "relative_strength": -3.933795,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.075886,
    "excess_performance": 0.024651,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.046354,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.002837,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.167564,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.016726,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.039338,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.030566,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.075886,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.838181,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 5376,
      "relative_activity": 1.010014,
      "balance": 0.838181,
      "dry_up": 0.82646,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.030108,
      "annualized_volatility": 0.18998,
      "from_high_reference": -0.013699,
      "from_low_reference": 0.148094
    },
    "levels": {
      "trend_reference": 7108.971257,
      "fair_value_reference": 6370.955835,
      "structural_low": 6479.0,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 13,
        "median_return": -0.034289,
        "positive_rate": 0.230769,
        "directional_follow_through": 0.230769,
        "median_excess_return": -0.047053,
        "regime_survival": 0.461538,
        "best_return": 0.07633,
        "worst_return": -0.106116,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": -0.045387,
        "positive_rate": 0.285714,
        "directional_follow_through": 0.285714,
        "median_excess_return": -0.046441,
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        "worst_return": -0.190748,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": 0.002802,
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        "directional_follow_through": 0.5,
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        "regime_survival": 0.0,
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        "worst_return": -0.236264,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
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        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
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        "worst_return": -0.312495,
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    ],
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        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "tenure": "New",
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        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "return": 0.05678,
        "active": false
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      {
        "regime": "rotation_up",
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        "active": false
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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": "2026-07-03",
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      },
      {
        "date": "2026-07-17",
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        "energy": 19.505771,
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      },
      {
        "date": "2026-07-24",
        "close": 6826.5,
        "volume": 2353,
        "typical_volume": 5843.55,
        "trend": 7112.276139,
        "fair_value": 6344.650337,
        "relative_strength": -10.801637,
        "stage": 3,
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        "direction": -28.128349,
        "energy": 21.67588,
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      },
      {
        "date": "2026-07-31",
        "close": 7135.5,
        "volume": 3764,
        "typical_volume": 5362.95,
        "trend": 7112.381868,
        "fair_value": 6356.453788,
        "relative_strength": -7.717016,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -6.211423,
        "energy": 15.168722,
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      },
      {
        "date": "2026-08-07",
        "close": 7438.5,
        "volume": 5376,
        "typical_volume": 5322.7,
        "trend": 7108.971257,
        "fair_value": 6370.955835,
        "relative_strength": -3.933795,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 40.350199,
        "energy": 20.22568,
        "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."
    }
  }
}