{
  "ticker": {
    "uuid": "522c991b-8088-4a58-9906-5fb39005e63f",
    "symbol": "DBEU",
    "name": "DBX ETF TRUST XTRACKERS MSCI EUROPE HEDGED EQUITY 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": 81.656,
    "architecture_energy": 68.989,
    "architecture_maturity": 41.967,
    "architecture_confidence": 79.77,
    "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": 9.26,
        "rotation_up": 63.65,
        "upward_expansion": 85.71,
        "deceleration": 53.56,
        "rotation_down": 21.89,
        "downward_expansion": 12.38
      },
      "activity_lines": [
        54.368087,
        53.995015,
        53.02354,
        52.174306
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 55.32,
    "trend_reference": 51.261413,
    "distance_from_trend": 0.079174,
    "trend_direction": "Improving",
    "fair_value": 42.515133,
    "distance_from_fair_value": 0.301184,
    "fair_value_direction": "Improving",
    "relative_strength": 0.388627,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.099583,
    "excess_performance": -0.026042,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.079174,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.041395,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.301184,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.058644,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.003886,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.03762,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.099583,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.839426,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 377975,
      "relative_activity": 1.48199,
      "balance": 0.839426,
      "dry_up": 0.715136,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.020902,
      "annualized_volatility": 0.146096,
      "from_high_reference": -0.003602,
      "from_low_reference": 0.259279
    },
    "levels": {
      "trend_reference": 51.261413,
      "fair_value_reference": 42.515133,
      "structural_low": 46.5,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 37,
        "median_return": 0.014568,
        "positive_rate": 0.648649,
        "directional_follow_through": 0.648649,
        "median_excess_return": -0.003101,
        "regime_survival": 0.783784,
        "best_return": 0.08038,
        "worst_return": -0.085226,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 14,
        "median_return": 0.01354,
        "positive_rate": 0.642857,
        "directional_follow_through": 0.642857,
        "median_excess_return": -0.016698,
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        "worst_return": -0.054354,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 9,
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        "positive_rate": 0.777778,
        "directional_follow_through": 0.777778,
        "median_excess_return": -0.011982,
        "regime_survival": 0.666667,
        "best_return": 0.151788,
        "worst_return": -0.115163,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": 0.110571,
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        "directional_follow_through": 0.75,
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        "regime_survival": 0.25,
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        "worst_return": -0.056676,
        "sufficient": false
      }
    ],
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2023-09-29",
        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2023-11-24",
        "tenure": "Developing",
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        "active": false
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "active": false
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      {
        "regime": "deceleration",
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        "active": false
      },
      {
        "regime": "balance",
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        "active": false
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        "regime": "upward_expansion",
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      {
        "regime": "rotation_down",
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        "active": false
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      {
        "date": "2026-04-24",
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        "date": "2026-05-08",
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      },
      {
        "date": "2026-05-22",
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        "date": "2026-06-05",
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        "date": "2026-06-12",
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      },
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      },
      {
        "date": "2026-07-03",
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      },
      {
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 257406.5,
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        "relative_strength": 1.116765,
        "stage": 2,
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        "modifier": "Re-accelerating",
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        "direction": 63.809986,
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 248647.65,
        "trend": 50.885747,
        "fair_value": 42.250793,
        "relative_strength": 2.228796,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
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        "direction": 65.025828,
        "energy": 62.459038,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 54.26,
        "volume": 119667,
        "typical_volume": 247768.85,
        "trend": 51.069747,
        "fair_value": 42.38039,
        "relative_strength": 1.963863,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.823298,
        "energy": 55.923597,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 55.32,
        "volume": 377975,
        "typical_volume": 255045.5,
        "trend": 51.261413,
        "fair_value": 42.515133,
        "relative_strength": 0.388627,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 81.655946,
        "energy": 68.989203,
        "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."
    }
  }
}