{
  "ticker": {
    "uuid": "5c21b284-dbec-4ecd-88a1-f871d8e6906a",
    "symbol": "H50E",
    "name": "HSBC EURO STOXX 50 UCITS ETF",
    "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": 77.667,
    "architecture_energy": 66.619,
    "architecture_maturity": 44.267,
    "architecture_confidence": 86.086,
    "architecture_tenure": "Developing",
    "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": 9.61,
        "rotation_up": 59.23,
        "upward_expansion": 85.25,
        "deceleration": 62.52,
        "rotation_down": 25.74,
        "downward_expansion": 11.91
      },
      "activity_lines": [
        67.751331,
        67.392363,
        66.006238,
        64.818175
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 68.519997,
    "trend_reference": 63.663252,
    "distance_from_trend": 0.076288,
    "trend_direction": "Improving",
    "fair_value": 53.023819,
    "distance_from_fair_value": 0.292249,
    "fair_value_direction": "Improving",
    "relative_strength": 0.58635,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.091083,
    "excess_performance": 0.008199,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.076288,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.038569,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.292249,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.060898,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.005863,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.023881,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.091083,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 4.417575,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 23981,
      "relative_activity": 2.328422,
      "balance": 4.417575,
      "dry_up": 1.149962,
      "accumulation_observations": 2,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.019601,
      "annualized_volatility": 0.163231,
      "from_high_reference": -0.012822,
      "from_low_reference": 0.242901
    },
    "levels": {
      "trend_reference": 63.663252,
      "fair_value_reference": 53.023819,
      "structural_low": 56.580002,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 42,
        "median_return": 0.005358,
        "positive_rate": 0.595238,
        "directional_follow_through": 0.595238,
        "median_excess_return": 0.000906,
        "regime_survival": 0.833333,
        "best_return": 0.101695,
        "worst_return": -0.112445,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 14,
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        "positive_rate": 0.571429,
        "directional_follow_through": 0.571429,
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        "regime_survival": 0.642857,
        "best_return": 0.12856,
        "worst_return": -0.101032,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 8,
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        "regime_survival": 0.5,
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        "worst_return": -0.175464,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
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        "worst_return": -0.121541,
        "sufficient": false
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        "regime": "downward_expansion",
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      {
        "regime": "rotation_up",
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        "regime": "deceleration",
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      },
      {
        "date": "2026-05-01",
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        "volume": 26023,
        "typical_volume": 8628.85,
        "trend": 60.680264,
        "fair_value": 50.838363,
        "relative_strength": 1.666118,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
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        "energy": 35.03799,
        "activity_lines": [
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      },
      {
        "date": "2026-05-08",
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        "typical_volume": 8383.2,
        "trend": 60.842797,
        "fair_value": 50.976497,
        "relative_strength": 2.974431,
        "stage": 2,
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        "modifier": "Balance after decline",
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        "energy": 36.251617,
        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
        "close": 62.009998,
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        "typical_volume": 8630.4,
        "trend": 60.955795,
        "fair_value": 51.105058,
        "relative_strength": 0.753036,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
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        "energy": 38.618265,
        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 10840.1,
        "trend": 61.121569,
        "fair_value": 51.25109,
        "relative_strength": 2.007434,
        "stage": 2,
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        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 65.815496,
        "energy": 45.828074,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
        "close": 64.5,
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        "typical_volume": 11266.95,
        "trend": 61.299002,
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        "relative_strength": 2.120217,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "direction": 66.261887,
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        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 10624.35,
        "trend": 61.52892,
        "fair_value": 51.55342,
        "relative_strength": 4.085271,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 71.650223,
        "energy": 68.427345,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
        "close": 65.629997,
        "volume": 7930,
        "typical_volume": 9443.05,
        "trend": 61.746672,
        "fair_value": 51.704241,
        "relative_strength": 2.425935,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 75.83027,
        "energy": 79.229631,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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        "typical_volume": 9550.1,
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        "fair_value": 51.8724,
        "relative_strength": 4.172251,
        "stage": 2,
        "regime": "upward_expansion",
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        "direction": 84.258101,
        "energy": 87.963354,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
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        "typical_volume": 9668.45,
        "trend": 62.282983,
        "fair_value": 52.027245,
        "relative_strength": -0.402223,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.81888,
        "energy": 84.217664,
        "activity_lines": [
          66.032,
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          62.990813
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      },
      {
        "date": "2026-07-03",
        "close": 68.400002,
        "volume": 0,
        "typical_volume": 9659.9,
        "trend": 62.56522,
        "fair_value": 52.206542,
        "relative_strength": 1.253917,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 89.093615,
        "energy": 94.384672,
        "activity_lines": [
          66.937334,
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          64.074429,
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      },
      {
        "date": "2026-07-10",
        "close": 67.0,
        "volume": 1123,
        "typical_volume": 9580.8,
        "trend": 62.786867,
        "fair_value": 52.365715,
        "relative_strength": 0.496059,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.533142,
        "energy": 86.29576,
        "activity_lines": [
          67.116001,
          66.194546,
          64.456905,
          63.671574
        ]
      },
      {
        "date": "2026-07-17",
        "close": 66.580002,
        "volume": 13362,
        "typical_volume": 10225.0,
        "trend": 62.993519,
        "fair_value": 52.52294,
        "relative_strength": -0.868563,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.381806,
        "energy": 78.929936,
        "activity_lines": [
          67.026001,
          66.431092,
          64.783715,
          63.916292
        ]
      },
      {
        "date": "2026-07-24",
        "close": 67.089996,
        "volume": 9320,
        "typical_volume": 9941.75,
        "trend": 63.226454,
        "fair_value": 52.680225,
        "relative_strength": -0.00093,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.220691,
        "energy": 72.239738,
        "activity_lines": [
          67.042666,
          66.691091,
          65.148095,
          64.180581
        ]
      },
      {
        "date": "2026-07-31",
        "close": 68.059998,
        "volume": 712,
        "typical_volume": 9342.85,
        "trend": 63.470836,
        "fair_value": 52.850283,
        "relative_strength": 1.301967,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 75.744533,
        "energy": 64.769007,
        "activity_lines": [
          67.386665,
          67.03509,
          65.574666,
          64.492423
        ]
      },
      {
        "date": "2026-08-07",
        "close": 68.519997,
        "volume": 23981,
        "typical_volume": 10299.25,
        "trend": 63.663252,
        "fair_value": 53.023819,
        "relative_strength": 0.58635,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 77.666838,
        "energy": 66.619094,
        "activity_lines": [
          67.751331,
          67.392363,
          66.006238,
          64.818175
        ]
      }
    ],
    "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."
    }
  }
}