{
  "ticker": {
    "uuid": "5e9ce4c1-c158-4b37-949d-6fd522ea99f1",
    "symbol": "S5EE",
    "name": "UBS S&P 500 ESG Elite UCITS ETF USD acc",
    "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": 57.124,
    "architecture_energy": 46.519,
    "architecture_maturity": 68.779,
    "architecture_confidence": 94.892,
    "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": 26.72,
        "rotation_up": 34.65,
        "upward_expansion": 62.57,
        "deceleration": 91.17,
        "rotation_down": 27.96,
        "downward_expansion": 26.24
      },
      "activity_lines": [
        2094.5,
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        2061.45643,
        1989.025488
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.166667
    },
    "latest_close": 2136.75,
    "trend_reference": 1904.01501,
    "distance_from_trend": 0.122234,
    "trend_direction": "Improving",
    "fair_value": 1567.124998,
    "distance_from_fair_value": 0.363484,
    "fair_value_direction": "Improving",
    "relative_strength": 8.472644,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.222257,
    "excess_performance": 0.171022,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.122234,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.070509,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.363484,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.070252,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.084726,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.001126,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.222257,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 4.352891,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 107775,
      "relative_activity": 1.078747,
      "balance": 4.352891,
      "dry_up": 0.949052,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.026986,
      "annualized_volatility": 0.153017,
      "from_high_reference": -0.062973,
      "from_low_reference": 0.373056
    },
    "levels": {
      "trend_reference": 1904.01501,
      "fair_value_reference": 1567.124998,
      "structural_low": 1643.300049,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 10,
        "median_return": 0.008762,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": -0.009253,
        "regime_survival": 0.4,
        "best_return": 0.054729,
        "worst_return": -0.065191,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": 0.0059,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.043489,
        "regime_survival": 0.166667,
        "best_return": 0.179106,
        "worst_return": -0.136272,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.068416,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": 0.072835,
        "regime_survival": 0.0,
        "best_return": 0.195082,
        "worst_return": -0.040617,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.117099,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.022308,
        "regime_survival": 0.333333,
        "best_return": 0.283177,
        "worst_return": 0.09534,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-01-03",
        "end": "2025-01-17",
        "tenure": "New",
        "return": 0.035768,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-01-24",
        "end": "2025-02-28",
        "tenure": "Developing",
        "return": -0.039864,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-03-07",
        "end": "2025-04-11",
        "tenure": "Developing",
        "return": -0.088473,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-18",
        "end": "2025-06-13",
        "tenure": "Developing",
        "return": 0.103178,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-20",
        "end": "2025-07-11",
        "tenure": "New",
        "return": 0.038342,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "tenure": "Developing",
        "return": 0.023793,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-08-29",
        "end": "2025-11-21",
        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2026-01-23",
        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "tenure": "New",
        "return": 0.00497,
        "active": false
      },
      {
        "regime": "deceleration",
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        "color": "amber",
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        "active": false
      },
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        "active": false
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      {
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        "regime": "deceleration",
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        "return": 0.039149,
        "active": true
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      },
      {
        "date": "2026-04-03",
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      },
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      },
      {
        "date": "2026-07-17",
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 88101.6,
        "trend": 1882.108345,
        "fair_value": 1555.77628,
        "relative_strength": 8.414724,
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      },
      {
        "date": "2026-07-31",
        "close": 2056.25,
        "volume": 135947,
        "typical_volume": 94617.3,
        "trend": 1892.670011,
        "fair_value": 1561.145191,
        "relative_strength": 4.984254,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 44.970325,
        "energy": 42.388925,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 2136.75,
        "volume": 107775,
        "typical_volume": 99907.6,
        "trend": 1904.01501,
        "fair_value": 1567.124998,
        "relative_strength": 8.472644,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 57.124438,
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        "activity_lines": [
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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."
    }
  }
}