{
  "ticker": {
    "uuid": "57b7e3c0-17c3-4946-a03f-883c346f77e0",
    "symbol": "LDEG",
    "name": "L&G Europe ex-UK Quality Dividends Equal Weight ETF EUR Dis",
    "exchange": "EBS",
    "country": "CH",
    "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": "^SSMI",
    "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": 97.136,
    "architecture_energy": 98.737,
    "architecture_maturity": 42.766,
    "architecture_confidence": 71.816,
    "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": 0.52,
        "rotation_up": 90.89,
        "upward_expansion": 99.92,
        "deceleration": 39.02,
        "rotation_down": 8.33,
        "downward_expansion": 21.92
      },
      "activity_lines": [
        16.960534,
        16.68108,
        16.321232,
        16.012475
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 17.346001,
    "trend_reference": 15.632933,
    "distance_from_trend": 0.109581,
    "trend_direction": "Improving",
    "fair_value": 11.986837,
    "distance_from_fair_value": 0.447087,
    "fair_value_direction": "Improving",
    "relative_strength": 5.767477,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.151452,
    "excess_performance": 0.068568,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.109581,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.054823,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.447087,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.066536,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.057675,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.030838,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.151452,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 15.493036,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 10226,
      "relative_activity": 1.666911,
      "balance": 15.493036,
      "dry_up": 0.697304,
      "accumulation_observations": 2,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.012282,
      "annualized_volatility": 0.123529,
      "from_high_reference": -0.000461,
      "from_low_reference": 0.311591
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    "levels": {
      "trend_reference": 15.632933,
      "fair_value_reference": 11.986837,
      "structural_low": 14.176109,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 34,
        "median_return": 0.01445,
        "positive_rate": 0.676471,
        "directional_follow_through": 0.676471,
        "median_excess_return": 0.016366,
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        "worst_return": -0.083336,
        "sufficient": true
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        "horizon": "Intermediate",
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        "worst_return": -0.021843,
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        "sufficient": true
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      },
      {
        "date": "2026-05-01",
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        "trend": 14.513186,
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        "relative_strength": 7.997693,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "energy": 80.974724,
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      },
      {
        "date": "2026-05-08",
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      },
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        "date": "2026-05-15",
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        "relative_strength": 6.53373,
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      },
      {
        "date": "2026-05-22",
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        "activity_lines": [
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      },
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        "date": "2026-05-29",
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      },
      {
        "date": "2026-06-05",
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        "energy": 56.041799,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
        "close": 16.152,
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        "typical_volume": 3286.95,
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        "fair_value": 11.601865,
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        "regime": "upward_expansion",
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        "direction": 81.191005,
        "energy": 79.540473,
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      },
      {
        "date": "2026-06-19",
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        "relative_strength": 6.526949,
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      },
      {
        "date": "2026-06-26",
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        "gate": "up",
        "direction": 71.342986,
        "energy": 87.494789,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
        "close": 16.256001,
        "volume": 0,
        "typical_volume": 2917.4,
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        "fair_value": 11.743671,
        "relative_strength": 0.569389,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 71.645499,
        "energy": 88.783122,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 16.268,
        "volume": 61080,
        "typical_volume": 5830.8,
        "trend": 15.298361,
        "fair_value": 11.789756,
        "relative_strength": 1.879227,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 70.018117,
        "energy": 88.482775,
        "activity_lines": [
          16.263867,
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      },
      {
        "date": "2026-07-17",
        "close": 16.5,
        "volume": 1276,
        "typical_volume": 5694.2,
        "trend": 15.375064,
        "fair_value": 11.836472,
        "relative_strength": 2.428246,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 86.738503,
        "energy": 93.548868,
        "activity_lines": [
          16.344534,
          16.224416,
          15.950398,
          15.70519
        ]
      },
      {
        "date": "2026-07-24",
        "close": 16.766001,
        "volume": 4978,
        "typical_volume": 5836.35,
        "trend": 15.457586,
        "fair_value": 11.88393,
        "relative_strength": 4.045662,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 93.928891,
        "energy": 96.465363,
        "activity_lines": [
          16.490667,
          16.348007,
          16.057139,
          15.794928
        ]
      },
      {
        "date": "2026-07-31",
        "close": 17.028,
        "volume": 631,
        "typical_volume": 5727.9,
        "trend": 15.544433,
        "fair_value": 11.934295,
        "relative_strength": 5.381478,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 95.508318,
        "energy": 97.361105,
        "activity_lines": [
          16.699734,
          16.497372,
          16.18023,
          15.896245
        ]
      },
      {
        "date": "2026-08-07",
        "close": 17.346001,
        "volume": 10226,
        "typical_volume": 6134.7,
        "trend": 15.632933,
        "fair_value": 11.986837,
        "relative_strength": 5.767477,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 97.135705,
        "energy": 98.737142,
        "activity_lines": [
          16.960534,
          16.68108,
          16.321232,
          16.012475
        ]
      }
    ],
    "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."
    }
  }
}