{
  "ticker": {
    "uuid": "55b68b23-06c7-4491-99aa-d8cb41e9b961",
    "symbol": "XXTW",
    "name": "Xtrackers MSCI World Information Technology 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": 61.27,
    "architecture_energy": 36.345,
    "architecture_maturity": 72.366,
    "architecture_confidence": 94.57,
    "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": 28.63,
        "rotation_up": 36.5,
        "upward_expansion": 59.7,
        "deceleration": 88.26,
        "rotation_down": 27.41,
        "downward_expansion": 21.04
      },
      "activity_lines": [
        104.000667,
        104.174,
        102.913642,
        99.020914
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
    },
    "latest_close": 108.440002,
    "trend_reference": 94.194833,
    "distance_from_trend": 0.151231,
    "trend_direction": "Improving",
    "fair_value": 74.23764,
    "distance_from_fair_value": 0.460715,
    "fair_value_direction": "Improving",
    "relative_strength": 9.61467,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.299928,
    "excess_performance": 0.248693,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.151231,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.063167,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.460715,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.062328,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.096147,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.01625,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.299928,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.077309,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 46857,
      "relative_activity": 2.294488,
      "balance": 2.077309,
      "dry_up": 1.954369,
      "accumulation_observations": 5,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.042929,
      "annualized_volatility": 0.239104,
      "from_high_reference": -0.093306,
      "from_low_reference": 0.390791
    },
    "levels": {
      "trend_reference": 94.194833,
      "fair_value_reference": 74.23764,
      "structural_low": 78.019997,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 8,
        "median_return": 0.006692,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.005209,
        "regime_survival": 0.5,
        "best_return": 0.097991,
        "worst_return": -0.026529,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": 0.071023,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.034601,
        "regime_survival": 0.0,
        "best_return": 0.138139,
        "worst_return": -0.05515,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.161884,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.147308,
        "regime_survival": 0.0,
        "best_return": 0.218168,
        "worst_return": -0.040216,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.117764,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.127323,
        "regime_survival": 0.0,
        "best_return": 0.013745,
        "worst_return": -0.249273,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-05-24",
        "end": "2024-08-02",
        "tenure": "Developing",
        "return": -0.020425,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-08-09",
        "end": "2024-10-18",
        "tenure": "Developing",
        "return": 0.105577,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-10-25",
        "end": "2025-02-28",
        "tenure": "Established",
        "return": -0.006365,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-03-07",
        "end": "2025-04-04",
        "tenure": "Developing",
        "return": -0.132342,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-11",
        "end": "2025-05-30",
        "tenure": "Developing",
        "return": 0.148172,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-06",
        "end": "2025-06-20",
        "tenure": "New",
        "return": 0.007444,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-08-01",
        "tenure": "Developing",
        "return": 0.061017,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-08-08",
        "end": "2025-11-21",
        "tenure": "Established",
        "return": 0.055041,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2026-02-06",
        "tenure": "Developing",
        "return": -0.056281,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-02-13",
        "end": "2026-03-06",
        "tenure": "New",
        "return": 0.025244,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-03-13",
        "end": "2026-04-24",
        "tenure": "Developing",
        "return": 0.124662,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "tenure": "New",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "start": "2026-05-29",
        "end": "2026-07-17",
        "tenure": "Developing",
        "return": -0.0625,
        "active": false
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        "start": "2026-07-24",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.051794,
        "active": true
      }
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      },
      {
        "date": "2026-05-01",
        "close": 93.489998,
        "volume": 29652,
        "typical_volume": 67070.15,
        "trend": 87.68481,
        "fair_value": 70.532606,
        "relative_strength": 4.149379,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 39.107604,
        "energy": 55.235887,
        "activity_lines": [
          91.164667,
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      },
      {
        "date": "2026-05-08",
        "close": 99.010002,
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        "typical_volume": 67444.0,
        "trend": 88.08431,
        "fair_value": 70.80301,
        "relative_strength": 11.239693,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 61.819058,
        "energy": 82.997475,
        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
        "close": 103.269997,
        "volume": 28143,
        "typical_volume": 68580.7,
        "trend": 88.65981,
        "fair_value": 71.086426,
        "relative_strength": 15.974322,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 65.286095,
        "energy": 87.318239,
        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "volume": 24780,
        "typical_volume": 69436.55,
        "trend": 88.1385,
        "fair_value": 71.359389,
        "relative_strength": 13.207739,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 87.399266,
        "energy": 95.12147,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 63568.2,
        "trend": 88.598334,
        "fair_value": 71.65054,
        "relative_strength": 17.28968,
        "stage": 2,
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        "modifier": "Early expansion",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
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        "volume": 1200,
        "typical_volume": 54987.1,
        "trend": 89.204,
        "fair_value": 71.933618,
        "relative_strength": 15.498732,
        "stage": 2,
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        "modifier": "Early expansion",
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        "energy": 90.878251,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 53639.05,
        "trend": 89.687167,
        "fair_value": 72.190703,
        "relative_strength": 12.363053,
        "stage": 2,
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      },
      {
        "date": "2026-06-19",
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        "trend": 90.4715,
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        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
        "close": 103.459999,
        "volume": 1872,
        "typical_volume": 39455.5,
        "trend": 90.973667,
        "fair_value": 72.732508,
        "relative_strength": 9.812657,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.579293,
        "energy": 64.555829,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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        "volume": 3911,
        "typical_volume": 27754.05,
        "trend": 91.485334,
        "fair_value": 72.992767,
        "relative_strength": 8.867788,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "direction": 63.007338,
        "energy": 61.215585,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 105.330002,
        "volume": 24601,
        "typical_volume": 21227.25,
        "trend": 92.084,
        "fair_value": 73.244788,
        "relative_strength": 11.306528,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 53.172637,
        "energy": 55.34115,
        "activity_lines": [
          105.183333,
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      },
      {
        "date": "2026-07-17",
        "close": 100.949997,
        "volume": 24838,
        "typical_volume": 20512.55,
        "trend": 92.5485,
        "fair_value": 73.471486,
        "relative_strength": 5.474818,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 46.484363,
        "energy": 40.905545,
        "activity_lines": [
          103.700666,
          104.615272,
          100.920095,
          96.908258
        ]
      },
      {
        "date": "2026-07-24",
        "close": 103.099998,
        "volume": 41107,
        "typical_volume": 20679.6,
        "trend": 93.063167,
        "fair_value": 73.705803,
        "relative_strength": 6.158639,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 44.804459,
        "energy": 36.464837,
        "activity_lines": [
          103.183332,
          104.288908,
          101.588952,
          97.588999
        ]
      },
      {
        "date": "2026-07-31",
        "close": 100.32,
        "volume": 46843,
        "typical_volume": 20930.1,
        "trend": 93.502167,
        "fair_value": 73.939937,
        "relative_strength": 1.939066,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 38.479781,
        "energy": 25.576122,
        "activity_lines": [
          102.133999,
          103.460181,
          101.905333,
          98.057182
        ]
      },
      {
        "date": "2026-08-07",
        "close": 108.440002,
        "volume": 46857,
        "typical_volume": 20421.55,
        "trend": 94.194833,
        "fair_value": 74.23764,
        "relative_strength": 9.61467,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 61.270276,
        "energy": 36.345438,
        "activity_lines": [
          104.000667,
          104.174,
          102.913642,
          99.020914
        ]
      }
    ],
    "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."
    }
  }
}