{
  "ticker": {
    "uuid": "52a57847-98bd-4dfd-9a93-a44c631539e4",
    "symbol": "XESW",
    "name": "Xtrackers MSCI World ESG UCITS ETF 1C",
    "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": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 84.906,
    "architecture_energy": 56.793,
    "architecture_maturity": 43.567,
    "architecture_confidence": 67.463,
    "architecture_tenure": "New",
    "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": 25.78,
        "rotation_up": 50.49,
        "upward_expansion": 79.58,
        "deceleration": 70.02,
        "rotation_down": 28.11,
        "downward_expansion": 8.58
      },
      "activity_lines": [
        41.387833,
        41.22159,
        40.836535,
        40.106941
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 42.744999,
    "trend_reference": 39.329917,
    "distance_from_trend": 0.086832,
    "trend_direction": "Improving",
    "fair_value": 33.900331,
    "distance_from_fair_value": 0.260902,
    "fair_value_direction": "Improving",
    "relative_strength": 1.509152,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.127242,
    "excess_performance": 0.076006,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.086832,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.023985,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.260902,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.033422,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.015092,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.001395,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.127242,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.101839,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 17945,
      "relative_activity": 0.521979,
      "balance": 2.101839,
      "dry_up": 1.804208,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.019041,
      "annualized_volatility": 0.139261,
      "from_high_reference": -0.159541,
      "from_low_reference": 0.215901
    },
    "levels": {
      "trend_reference": 39.329917,
      "fair_value_reference": 33.900331,
      "structural_low": 35.154999,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 11,
        "median_return": -0.013452,
        "positive_rate": 0.363636,
        "directional_follow_through": 0.363636,
        "median_excess_return": -0.016807,
        "regime_survival": 0.181818,
        "best_return": 0.096522,
        "worst_return": -0.065503,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 9,
        "median_return": 0.014386,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.001829,
        "regime_survival": 0.111111,
        "best_return": 0.106741,
        "worst_return": -0.028616,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": 0.066254,
        "positive_rate": 0.833333,
        "directional_follow_through": 0.833333,
        "median_excess_return": 0.001332,
        "regime_survival": 0.0,
        "best_return": 0.14199,
        "worst_return": -0.001338,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.049214,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.002595,
        "regime_survival": 0.333333,
        "best_return": 0.102715,
        "worst_return": -0.033564,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-02-28",
        "end": "2025-02-28",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-03-07",
        "end": "2025-04-11",
        "tenure": "Developing",
        "return": -0.07902,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-18",
        "end": "2025-05-30",
        "tenure": "Developing",
        "return": 0.112595,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-06",
        "end": "2025-06-27",
        "tenure": "New",
        "return": 0.010405,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-07-04",
        "end": "2025-08-08",
        "tenure": "Developing",
        "return": 0.03798,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-08-15",
        "end": "2025-11-14",
        "tenure": "Established",
        "return": 0.075589,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-11-21",
        "end": "2026-01-23",
        "tenure": "Developing",
        "return": 0.02824,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-01-30",
        "end": "2026-02-13",
        "tenure": "New",
        "return": -0.006699,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-02-20",
        "end": "2026-03-06",
        "tenure": "New",
        "return": -0.01202,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-03-13",
        "end": "2026-03-27",
        "tenure": "New",
        "return": -0.049238,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-04-03",
        "end": "2026-05-01",
        "tenure": "Developing",
        "return": 0.073214,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-05-08",
        "end": "2026-05-22",
        "tenure": "New",
        "return": 0.021091,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-05-29",
        "end": "2026-07-24",
        "tenure": "Developing",
        "return": -0.019779,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-07-31",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.046774,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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        "typical_volume": 1967.6,
        "trend": 25.381833,
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          37.712929,
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        ]
      },
      {
        "date": "2026-05-01",
        "close": 39.285,
        "volume": 48722,
        "typical_volume": 20022.7,
        "trend": 38.44647,
        "fair_value": 32.544145,
        "relative_strength": -1.51363,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "mixed",
        "direction": 31.146279,
        "energy": 38.697128,
        "activity_lines": [
          38.706333,
          37.855227,
          37.839167,
          38.036365
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      },
      {
        "date": "2026-05-08",
        "close": 40.064999,
        "volume": 63878,
        "typical_volume": 22623.25,
        "trend": 38.539303,
        "fair_value": 32.640026,
        "relative_strength": 1.64869,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 42.813835,
        "energy": 49.078847,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-15",
        "close": 40.895,
        "volume": 25824,
        "typical_volume": 23527.6,
        "trend": 38.66272,
        "fair_value": 32.738344,
        "relative_strength": 4.067235,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 58.202434,
        "energy": 77.688408,
        "activity_lines": [
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          38.302524,
          38.292767
        ]
      },
      {
        "date": "2026-05-22",
        "close": 40.91,
        "volume": 26623,
        "typical_volume": 24418.75,
        "trend": 38.331083,
        "fair_value": 32.835603,
        "relative_strength": 1.329867,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 80.317962,
        "energy": 88.442508,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
        "close": 41.3325,
        "volume": 85629,
        "typical_volume": 27618.15,
        "trend": 38.408667,
        "fair_value": 32.934978,
        "relative_strength": 2.848825,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 80.62333,
        "energy": 91.170344,
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          38.846857,
          38.631393
        ]
      },
      {
        "date": "2026-06-05",
        "close": 40.912498,
        "volume": 703,
        "typical_volume": 27176.85,
        "trend": 38.516667,
        "fair_value": 33.032478,
        "relative_strength": 2.137066,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 67.563643,
        "energy": 86.307001,
        "activity_lines": [
          40.965166,
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      },
      {
        "date": "2026-06-12",
        "close": 40.7575,
        "volume": 684,
        "typical_volume": 26504.1,
        "trend": 38.593417,
        "fair_value": 33.126709,
        "relative_strength": 0.688511,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "energy": 80.331758,
        "activity_lines": [
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          38.9375
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      },
      {
        "date": "2026-06-19",
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        "typical_volume": 25584.55,
        "trend": 38.724417,
        "fair_value": 33.228568,
        "relative_strength": 3.407496,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
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        "energy": 79.369961,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-06-26",
        "close": 40.952499,
        "volume": 4443,
        "typical_volume": 23512.7,
        "trend": 38.808,
        "fair_value": 33.323424,
        "relative_strength": 0.705722,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.717954,
        "energy": 59.440987,
        "activity_lines": [
          41.070166,
          40.890863,
          39.771476,
          39.266511
        ]
      },
      {
        "date": "2026-07-03",
        "close": 41.345001,
        "volume": 4948,
        "typical_volume": 23123.3,
        "trend": 38.903667,
        "fair_value": 33.424353,
        "relative_strength": 0.054221,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.394781,
        "energy": 61.997801,
        "activity_lines": [
          41.157167,
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          39.430188
        ]
      },
      {
        "date": "2026-07-10",
        "close": 41.2075,
        "volume": 69125,
        "typical_volume": 26293.95,
        "trend": 39.000417,
        "fair_value": 33.522366,
        "relative_strength": 1.428626,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.808634,
        "energy": 59.112644,
        "activity_lines": [
          41.1975,
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          40.197809,
          39.578823
        ]
      },
      {
        "date": "2026-07-17",
        "close": 40.5,
        "volume": 75361,
        "typical_volume": 29458.9,
        "trend": 39.06675,
        "fair_value": 33.612254,
        "relative_strength": -1.236019,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 51.218788,
        "energy": 49.811559,
        "activity_lines": [
          40.982333,
          41.022454,
          40.314643,
          39.67557
        ]
      },
      {
        "date": "2026-07-24",
        "close": 40.514999,
        "volume": 95536,
        "typical_volume": 34023.65,
        "trend": 39.128583,
        "fair_value": 33.701068,
        "relative_strength": -2.376094,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 47.919519,
        "energy": 40.738299,
        "activity_lines": [
          40.789333,
          40.929227,
          40.422226,
          39.769005
        ]
      },
      {
        "date": "2026-07-31",
        "close": 40.834999,
        "volume": 59264,
        "typical_volume": 34546.4,
        "trend": 39.213417,
        "fair_value": 33.793824,
        "relative_strength": -2.732152,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 43.366996,
        "energy": 32.749728,
        "activity_lines": [
          40.766333,
          40.901091,
          40.547404,
          39.879097
        ]
      },
      {
        "date": "2026-08-07",
        "close": 42.744999,
        "volume": 17945,
        "typical_volume": 34378.8,
        "trend": 39.329917,
        "fair_value": 33.900331,
        "relative_strength": 1.509152,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 84.905912,
        "energy": 56.793245,
        "activity_lines": [
          41.387833,
          41.22159,
          40.836535,
          40.106941
        ]
      }
    ],
    "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."
    }
  }
}