{
  "ticker": {
    "uuid": "611ae556-6495-4a20-98bd-1b9528112acf",
    "symbol": "XWD1",
    "name": "Xtrackers MSCI World Swap UCITS ETF 1D USD",
    "exchange": "GER",
    "country": "DE",
    "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": "^GDAXI",
    "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": 86.665,
    "architecture_energy": 69.685,
    "architecture_maturity": 97.151,
    "architecture_confidence": 82.073,
    "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": 9.96,
        "rotation_up": 58.32,
        "upward_expansion": 85.33,
        "deceleration": 68.31,
        "rotation_down": 28.63,
        "downward_expansion": 12.0
      },
      "activity_lines": [
        25.955667,
        25.835927,
        25.444676,
        24.914961
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 26.472,
    "trend_reference": 24.293814,
    "distance_from_trend": 0.08966,
    "trend_direction": "Improving",
    "fair_value": 20.474947,
    "distance_from_fair_value": 0.292897,
    "fair_value_direction": "Improving",
    "relative_strength": 4.363319,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.144124,
    "excess_performance": 0.079485,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.08966,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.042337,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.292897,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.040967,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.043633,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.049491,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.144124,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 5.28181,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 29065,
      "relative_activity": 0.810562,
      "balance": 5.28181,
      "dry_up": 0.591844,
      "accumulation_observations": 2,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.01681,
      "annualized_volatility": 0.108598,
      "from_high_reference": -0.000415,
      "from_low_reference": 0.244962
    },
    "levels": {
      "trend_reference": 24.293814,
      "fair_value_reference": 20.474947,
      "structural_low": 22.040001,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 33,
        "median_return": 0.015178,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.002842,
        "regime_survival": 0.909091,
        "best_return": 0.066644,
        "worst_return": -0.082736,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
        "median_return": 0.057002,
        "positive_rate": 0.7,
        "directional_follow_through": 0.7,
        "median_excess_return": 0.03861,
        "regime_survival": 0.6,
        "best_return": 0.100421,
        "worst_return": -0.151432,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.087095,
        "positive_rate": 0.8,
        "directional_follow_through": 0.8,
        "median_excess_return": 0.041361,
        "regime_survival": 0.4,
        "best_return": 0.152832,
        "worst_return": -0.049606,
        "sufficient": true
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      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.156059,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.049104,
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        "worst_return": 0.070704,
        "sufficient": false
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    ],
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        "end": "2023-10-13",
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        "regime": "balance",
        "label": "Balance",
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        "regime": "deceleration",
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        "regime": "rotation_down",
        "label": "Rotation Down",
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        "end": "2025-04-11",
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        "return": -0.114801,
        "active": false
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        "regime": "downward_expansion",
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        "end": "2025-06-06",
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        "date": "2026-04-24",
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        "date": "2026-05-08",
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        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 38918.75,
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        "relative_strength": 8.180783,
        "stage": 2,
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        "energy": 70.986297,
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          25.7668,
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          24.558139
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      },
      {
        "date": "2026-07-24",
        "close": 25.790001,
        "volume": 11334,
        "typical_volume": 37990.9,
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        "fair_value": 20.343216,
        "relative_strength": 7.118093,
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      },
      {
        "date": "2026-07-31",
        "close": 25.569,
        "volume": 24184,
        "typical_volume": 36164.75,
        "trend": 24.192844,
        "fair_value": 20.405826,
        "relative_strength": 3.782426,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.719515,
        "energy": 60.90878,
        "activity_lines": [
          25.723534,
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          25.272791,
          24.767919
        ]
      },
      {
        "date": "2026-08-07",
        "close": 26.472,
        "volume": 29065,
        "typical_volume": 35857.85,
        "trend": 24.293814,
        "fair_value": 20.474947,
        "relative_strength": 4.363319,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 86.664664,
        "energy": 69.685395,
        "activity_lines": [
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          25.444676,
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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."
    }
  }
}