{
  "ticker": {
    "uuid": "5663ae65-d4a8-4aa4-ae3c-5c6a7673147e",
    "symbol": "UC85",
    "name": "UBS Core BBG US Liquid Corp UCITS ETF hGBP dis",
    "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": 4,
    "stage_name": "Declining",
    "phase": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 58.673,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -62.158,
    "architecture_energy": 72.642,
    "architecture_maturity": 4.794,
    "architecture_confidence": 78.45,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 18.98,
        "rotation_up": 8.4,
        "upward_expansion": 16.3,
        "deceleration": 37.08,
        "rotation_down": 73.56,
        "downward_expansion": 89.63
      },
      "activity_lines": [
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        1398.454762,
        1400.091671
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 1390.25,
    "trend_reference": 1404.183362,
    "distance_from_trend": -0.009923,
    "trend_direction": "Weakening",
    "fair_value": 1386.656871,
    "distance_from_fair_value": 0.002591,
    "fair_value_direction": "Weakening",
    "relative_strength": -9.063479,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.023401,
    "excess_performance": -0.074636,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.009923,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.004205,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.002591,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.012577,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.090635,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.030096,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.023401,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.232033,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 7389,
      "relative_activity": 0.258459,
      "balance": 1.232033,
      "dry_up": 0.360676,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.007751,
      "annualized_volatility": 0.049254,
      "from_high_reference": -0.027669,
      "from_low_reference": 0.00889
    },
    "levels": {
      "trend_reference": 1404.183362,
      "fair_value_reference": 1386.656871,
      "structural_low": 1378.0,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 23,
        "median_return": -0.001248,
        "positive_rate": 0.434783,
        "directional_follow_through": 0.565217,
        "median_excess_return": -0.003327,
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        "worst_return": -0.059551,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "directional_follow_through": 0.375,
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        "worst_return": -0.109669,
        "sufficient": true
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        "horizon": "Extended",
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        "worst_return": -0.135604,
        "sufficient": false
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        "horizon": "Full cycle",
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        "activity_lines": [
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      },
      {
        "date": "2026-03-27",
        "close": 1381.75,
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        "typical_volume": 48390.7,
        "trend": 1413.503312,
        "fair_value": 1384.087909,
        "relative_strength": -7.416665,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
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      },
      {
        "date": "2026-04-03",
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      },
      {
        "date": "2026-04-10",
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      },
      {
        "date": "2026-04-17",
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      },
      {
        "date": "2026-04-24",
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      },
      {
        "date": "2026-05-01",
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      },
      {
        "date": "2026-05-08",
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        "trend": 1412.190483,
        "fair_value": 1384.499827,
        "relative_strength": -6.053878,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
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        "energy": 32.842265,
        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
        "close": 1395.75,
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        "typical_volume": 56129.9,
        "trend": 1410.189982,
        "fair_value": 1384.850394,
        "relative_strength": -8.233081,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
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        "energy": 34.231442,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
        "close": 1411.25,
        "volume": 10540,
        "typical_volume": 56020.65,
        "trend": 1410.112854,
        "fair_value": 1385.038613,
        "relative_strength": -6.433272,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -35.624613,
        "energy": 19.597239,
        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
        "close": 1401.75,
        "volume": 5816,
        "typical_volume": 55058.4,
        "trend": 1409.735722,
        "fair_value": 1385.223561,
        "relative_strength": -6.429839,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -45.301456,
        "energy": 22.955705,
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      },
      {
        "date": "2026-06-12",
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        "trend": 1409.675248,
        "fair_value": 1385.397354,
        "relative_strength": -6.613359,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
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        "energy": 9.511083,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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        "relative_strength": -5.450829,
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        "modifier": "Balance after decline",
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      },
      {
        "date": "2026-06-26",
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        "typical_volume": 52798.85,
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        "fair_value": 1385.738575,
        "relative_strength": -5.910701,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 23.277558,
        "energy": 29.329841,
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      },
      {
        "date": "2026-07-03",
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        "relative_strength": -7.496636,
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        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
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        "energy": 29.432809,
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      },
      {
        "date": "2026-07-10",
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        "fair_value": 1386.070062,
        "relative_strength": -6.453807,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
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        "energy": 14.666883,
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      },
      {
        "date": "2026-07-17",
        "close": 1397.25,
        "volume": 21945,
        "typical_volume": 51797.0,
        "trend": 1407.664677,
        "fair_value": 1386.10611,
        "relative_strength": -6.978472,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -40.363271,
        "energy": 19.88237,
        "activity_lines": [
          1402.283333,
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          1404.418297
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      },
      {
        "date": "2026-07-24",
        "close": 1381.75,
        "volume": 6669,
        "typical_volume": 51164.85,
        "trend": 1406.445902,
        "fair_value": 1386.078013,
        "relative_strength": -8.859368,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -75.057174,
        "energy": 58.828627,
        "activity_lines": [
          1394.566667,
          1400.15,
          1401.240476,
          1402.746382
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      },
      {
        "date": "2026-07-31",
        "close": 1380.25,
        "volume": 5242,
        "typical_volume": 44569.4,
        "trend": 1405.202124,
        "fair_value": 1386.307372,
        "relative_strength": -9.748989,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -77.343363,
        "energy": 77.778408,
        "activity_lines": [
          1388.05,
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          1399.353571,
          1401.056324
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      },
      {
        "date": "2026-08-07",
        "close": 1390.25,
        "volume": 7389,
        "typical_volume": 28588.65,
        "trend": 1404.183362,
        "fair_value": 1386.656871,
        "relative_strength": -9.063479,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.158454,
        "energy": 72.642112,
        "activity_lines": [
          1387.2,
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          1400.091671
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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."
    }
  }
}